Strong EM dealflow to ignore August lull

Lending to emerging market credits will not slow down for the summer, with Russia’s Rusal set to syndicate its $4.75bn refinancing deal over the traditionally quiet month of August and loans bankers reporting that there are plenty of other deals in the works.

  • 28 Jul 2011

Rusal, the world’s largest aluminium producer, will launch the deal into a targeted syndication next month.

"Why wait?" said a banker close to the deal. "The market isn’t closed during August anymore."

It is not the only Russian borrower ignoring the summer break. The deadline for responses to Suek’s new ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%