Indian Oil gives international banks public sector exposure

Loans bankers could have a new source of income in 2011: India’s public sector companies. State-owned Indian Oil Corp has mandated five bookrunners to syndicate a $500m loan — and bankers hope it will lead to more Indian borrowers turning to wider syndications rather than relying on one or two big lenders.

  • 06 Jan 2011

BNP Paribas, Bank of Tokyo-Mitsubishi, Mizuho, State Bank of India and SMBC are running Indian Oil’s five year deal which is expected to launch within "the next week or so", according to a banker close to the deal.

The decision to mandate a larger group of bookrunners marks ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%