Rosneft signs $16.8bn loans for TNK-BP, but second half still to come

Rosneft completed a $16.8bn chunk of its $33.75bn TNK-BP takeover facility late in December, but emerging markets loans bankers are still salivating at the prospect of the second portion of financing.

  • 02 Jan 2013
The Russian borrower signed $16.8bn of loans to finance the purchase of a 50% stake in TNK-BP from BP on December 21. The $4.1bn five year loan and $12.7bn two year facility was agreed with Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citi, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 70,706.73 201 11.50%
2 Bank of America Merrill Lynch 60,472.76 166 9.84%
3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
5 Credit Suisse 38,376.65 95 6.24%