Amtek’s $125m loan nearing end, nets four commitments

Axis Bank and IDBI Bank plan to wrap up the syndication of Amtek Auto’s $125m six year loan by the end of the month, and have so far received commitments from four lenders. The leads think the deal will be oversubscribed, but just Axis will be selling down its books.

  • 19 Apr 2013
Both of the bookrunners have underwritten the whole amount equally, according to a banker familiar with the transaction. But while IDBI, which is a state-owned bank, plans to hold its commitment on its books, Axis will be selling down depending on how much demand it gets in syndication, ...

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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 %
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1 Citi 13,091.24 36 12.97%
2 Wells Fargo Securities 9,312.78 29 9.23%
3 JPMorgan 9,090.89 29 9.01%
4 Bank of America Merrill Lynch 8,898.12 26 8.82%
5 Credit Suisse 4,676.43 10 4.63%