Gunvor goes well with lenders, signs $850m

Gunvor Singapore signed its $850m loan on June 6, after finding enough demand to increase the deal from the original $650m. A total of 24 banks joined during syndication, committing more than $1bn, a 60% oversubscription.

  • 07 Jun 2013

The deal was split into a $715m one year loan, with a margin of 185bp over dollar Libor, and a $135m three year tranche, priced at 260bp, said bankers.

Lenders that joined the three year tranche got 130bp for fees. For the one year portion, MLAs committing $50m ...

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 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 11.35%
2 JPMorgan 32,938.92 93 9.18%
3 Wells Fargo Securities 30,907.51 87 8.61%
4 Bank of America Merrill Lynch 27,917.30 88 7.78%
5 Credit Suisse 22,890.32 71 6.38%