BarCap closes syndication of Gazprom L/C

Barclays Capital closed general syndication of a $148m one year debut syndicated loan for Gazprom Marketing and Trading on Monday. GM&T will use the deal to provide letters of credit to liquefied natural gas infrastructure facilities in Mexico and California, which may receive LNG from Sakhalin.

  • 16 Dec 2009

“It’s nice to bring a new issuer to the market, put in place a new money transaction and get very strong support and a significant oversubscription,” said a banker on the deal. “It’s a positive sign for the market.”

Eight banks, including BarCap, joined the deal, which was signed ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 118,624.20 342 12.98%
2 Bank of America Merrill Lynch 99,769.11 286 10.92%
3 Wells Fargo Securities 86,271.10 256 9.44%
4 JPMorgan 67,323.36 205 7.37%
5 Credit Suisse 49,265.86 144 5.39%