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Commodities traders line up for refinancing

Commodities firms are lining up to tap the syndicated loan market in the first half of the year as a refinancing from the UK’s ED&F Man, launched at the beginning of January, has already attracted commitments from lenders. Stemcor, Trafigura Beheer and Glencore are all set to refinance outstanding facilities that are due to mature soon.

  • 21 Jan 2011

"ED&F Man is the first of the commodity companies to come to market, but they’re all in a long line waiting to follow," said a banker close to the deal. "But these are just part of a very strong pipeline of deals across Europe."

ED&F Man is looking to ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

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1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%