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
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%