Louis Dreyfus plots $200m loan amid heavy supply

Commodities trader Louis Dreyfus is planning to return to the loan market less than a year after it got a big response from Asian lenders, and is planning a $200m deal. But the company will have to compete with its European rivals for cash. Glencore and Gunvor are both seeking commitments to their own mega deals — and Noble Group could be next.

  • 26 Apr 2011

Funding officials at Louis Dreyfus have picked ANZ, BNP Paribas and HSBC as bookrunners of the deal. The borrower is still discussing the structure, but bankers close to the transaction said the loan is likely to have a tenor of around one or two years.

Louis Dreyfus will become ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%