Banks refinance Sentosa despite time constraints

Resorts World at Sentosa, the Singaporean developer of Sentosa island, has successfully closed an oversubscribed S$4.19bn ($3.2bn) refinancing — despite giving banks just three weeks to commit.

  • 04 Jan 2011

The five underwriters — Bank of Tokyo-Mitsubishi, DBS, HSBC, OCBC and SMBC — attracted over a dozen further banks to the deal which launched on December 10. Commitments were due by December 31, and an early bird fee of 20bp encouraged banks to commit before December 24.

“Most banks ...

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 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,254.20 381 11.03%
2 Bank of America Merrill Lynch 104,440.37 307 8.85%
3 JPMorgan 103,862.77 304 8.80%
4 Wells Fargo Securities 93,728.92 276 7.94%
5 Credit Suisse 76,912.30 210 6.51%