Coventry Building Society taps market with £150m revolver

Lloyds TSB Capital Markets and WestLB have launched a £150m five year revolving credit facility for Coventry Building Society

  • 09 Mar 2001
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Before launch, the arrangers were joined by Bayerische Landesbank and RBS as co-arrangers.

The margin on the facility is 16bp and the commitment fee is 7.5bp. Banks are asked to join at levels of £15m and £10m.

The loan will be used for general funding purposes including the refinancing of existing debt. The borrower has undertaken to maintain outstandings at 50% of the uncancelled facility amount.

The building society last tapped the loan market in 1998 when it took a £200m two tranche revolver via Bayerische Landesbank and WestLB. That facility was for seven years and paid 16bp over Libor on the margin. The loan was oversubscribed and increased from £100m.

The borrower is rated single-A by Fitch.

  • 09 Mar 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%