Essar $1.25bn hits market with soft launch

Indian privately-owned Essar Steel has launched its $1.25bn fundraising into limited syndication, as it aims to dollarise the rupee loans on its balance sheet.

  • By Rashmi Kumar
  • 16 Dec 2013

The deal is led by bookrunners and mandated lead arrangers Axis Bank, Credit Suisse, ICICI Bank and SBI Capital Markets, and is backed by guarantees from 11 Indian banks, each providing support to a different tranche, said a banker on the trade.

This means that investors that ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,126.76 346 12.85%
2 Bank of America Merrill Lynch 99,988.41 288 10.70%
3 Wells Fargo Securities 88,516.28 265 9.47%
4 JPMorgan 69,113.88 208 7.39%
5 Credit Suisse 51,313.00 155 5.49%