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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 105,474.10 301 10.90%
2 Bank of America Merrill Lynch 86,762.28 250 8.96%
3 JPMorgan 81,465.60 238 8.42%
4 Wells Fargo Securities 77,934.65 225 8.05%
5 Credit Suisse 63,570.21 165 6.57%