E.On bucks Germanic tightening trend to launch at 27.5bp

After this year’s continuing tightening of investment grade syndicated loans, Germany’s E.On turned heads this week as it priced its new five year plus one plus one refinancing transaction in line with its compatriot Daimler.

  • By Nina Flitman
  • 04 Oct 2013


The new €5bn transaction for the A3/A-/A- rated utility is being marketed at a margin of 27.5bp over Euribor. It will refinance a €6bn five year revolver signed in October 2010 at 47.5bp over. Commerzbank and UniCredit are leading the deal for E.On as co-ordinators.

Unlike other German ...

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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.10%
2 Bank of America Merrill Lynch 94,723.52 272 8.97%
3 JPMorgan 92,612.23 269 8.77%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%