Banks will do anything for loans... but they won’t do that

While bank lenders are offering increasingly tight margins and flexible covenants for corporate borrowers in the European investment grade markets, there is still one area where they are steadfastly unwilling to compromise: seven year facilities remain off the menu.

  • 10 Mar 2011
Dutch consumer electrics group Philips, which was one of the first names to move down the maturity curve this time last year and arrange a five year deal, has been talking to banks about refinancing that facility. But its enquiries about seven-year funding were rebuffed and it had ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 120,126.76 346 12.85%
2 Bank of America Merrill Lynch 99,988.41 288 10.70%
3 Wells Fargo Securities 88,516.28 265 9.47%
4 JPMorgan 69,113.88 208 7.39%
5 Credit Suisse 51,313.00 155 5.49%