Salzgitter ramps up Schuldschein size

Germany’s Salzgitter has closed a €350m-equivalent dollar and euro Schuldschein, with the steel products and tube maker blowing past its initial €200m launch amount.

  • By Mike Turner
  • 23 May 2019

Salzgitter’s deal is split between three, five, seven and 10 year tranches. The initial average interest across all tranches comes to around 1.3%. 

The trade saw “heavy oversubscription”, according to the borrower.

Demand is outstripping supply in the Schuldschein market, according to an investor.

“There are lots of pockets of liquidity,” ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 269,123.34 749 11.01%
2 Bank of America Merrill Lynch 257,678.35 786 10.54%
3 Citi 154,176.72 469 6.31%
4 Wells Fargo Securities 140,458.98 521 5.74%
5 MUFG 123,389.83 702 5.05%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,696.09 10 8.40%
2 First Abu Dhabi Bank 3,439.28 15 7.82%
3 Standard Chartered Bank 3,038.82 11 6.91%
4 BNP Paribas 2,705.06 6 6.15%
5 Citi 2,349.19 11 5.34%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 8,575.51 45 6.89%
2 BNP Paribas 8,524.78 57 6.84%
3 Credit Agricole CIB 7,835.85 40 6.29%
4 Goldman Sachs 7,283.60 38 5.85%
5 JPMorgan 6,871.08 35 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 34,500.40 147 7.60%
2 Credit Agricole CIB 33,214.96 138 7.32%
3 JPMorgan 24,833.56 67 5.47%
4 Bank of America Merrill Lynch 23,368.44 65 5.15%
5 SG Corporate & Investment Banking 22,509.71 104 4.96%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%