Government backing helps XCMG dollar loan to blow out

Chinese construction machinery maker XCMG has had a blow-out response to a dollar loan that it will sign next week, finding around $600m of demand for a deal that will now be worth $280m, a big increase from what the company originally planned.

  • 09 Aug 2012
Sole bookrunner Crédit Agricole attracted demand from 17 banks in syndication, including six banks that came in at the level of mandated lead arranger. The strong response was mainly a reflection of XCMG’s strong backing: it is owned by the Chinese government. That made its pricing look attractive ...

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 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%