Watermark
Go to Asia edition

UGB skips refi to pay down debt

Bahrain’s United Gulf Bank (UGB) announced on Wednesday that it has fully repaid its $200m five year loan signed in June 2007. The bank does not plan to replace the loan with another facility, said Masaud Hayat, UGB chairman.

  • 21 Jun 2012

“The source of this loan repayment is completely from self-generated funds,” Hayat added.

Deutsche Bank and RBS were bookrunners on the 2007 deal. They were joined by 16 other regional and international banks, including Asian lenders. The facility paid a margin of 75bp over Libor and a participation fee ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial
Log in

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
View full table
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 130,254.20 381 11.03%
2 Bank of America Merrill Lynch 104,440.37 307 8.85%
3 JPMorgan 103,862.77 304 8.80%
4 Wells Fargo Securities 93,728.92 276 7.94%
5 Credit Suisse 76,912.30 210 6.51%