Ferrovial's wallet overcomes lenders' Spanish fears

A four year refinancing deal for building firm and infrastructure operator Ferrovial was heavily oversubscribed despite the borrower’s connection to Spain, as lenders were tempted by the ancillary business on offer by the company.

  • 14 Apr 2011

“There is still plenty of sensitivity to Spanish names, but this has a huge wallet,” said a banker close to the deal. “This was a resounding success, with 30 lenders involved. There were some very big tickets involved.”

The book for the Eu1.305bn facility deal rose to Eu3.5bn. The ...

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 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 %
  • Last updated
  • Today
1 Citi 50,762.12 164 10.68%
2 JPMorgan 43,849.74 130 9.22%
3 Wells Fargo Securities 37,970.87 112 7.99%
4 Bank of America Merrill Lynch 36,015.87 117 7.58%
5 Credit Suisse 30,953.64 97 6.51%