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Russian FIs and TNK-BP buyout gives EM lenders volume hopes for Q4

Russia’s largest bank Sberbank has given lenders until October 24 to respond with proposals for its $1.5bn three year facility as a spate of deals under discussion in the country has brightened fourth quarter prospects for emerging market lenders.

  • 05 Oct 2012

Barclays is closely linked to Sberbank’s dollar-denominated deal, said two bankers.

The Russian bank approached its lending group in August for the loan and is looking to replicate the 150bp pre-fee margin it got on its $1.2bn November 2011 deal.

"[The margin] is pretty tight," said a loans banker. "But ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 Citi 3,691 11 20.69
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 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 47,881.49 152 10.95%
2 JPMorgan 40,615.47 114 9.29%
3 Wells Fargo Securities 37,061.63 106 8.48%
4 Bank of America Merrill Lynch 32,097.67 104 7.34%
5 Credit Suisse 28,257.94 85 6.46%