Siemens loan a blowout despite 30bp margin

Siemens this week wrapped up its €4bn revolving credit facility with a margin of just 30bp, the tightest European loan pricing so far this year. Such is the strength of top notch German corporate borrowers, however, that the loans market barely batted an eyelid. Some 33 lenders piled into the deal.

  • 13 Apr 2012
"This is obviously setting a benchmark in the syndicated loan market this year," said a banker familiar with the transaction. "It wasn’t aggressive — it fits in quite well with last year’s deals for Volkswagen and so on — and pricing wasn’t an issue for lenders."If that feeling ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: 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%