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Deadline looms for ‘Project Embarrassment’

Porsche has asked its banks to commit to an Eu8.5bn refinancing facility by Tuesday (November 10), as it seeks to reduce its existing Eu10.75bn loan as part of its integration into the Volkswagen group.

  • 06 Nov 2009
Citi, Deutsche Bank and UBS are co-ordinating the deal and will only target the sports carmaker’s existing lenders, which are expected to reduce their commitments pro-rata. After holding a bank meeting with the co-ordinators last Friday (November 30) Porsche wants the new deal agreed, though not necessarily closed, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
View full table
1 Citi 4,347 16 18.54
2 Morgan Stanley 2,420 6 10.32
3 BNP Paribas 2,402 10 10.25
4 Goldman Sachs 2,096 5 8.94
5 Bank of America Merrill Lynch (BAML) 2,086 9 8.90

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
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  • Today
1 Citi 50,836.16 165 10.60%
2 JPMorgan 43,849.74 130 9.15%
3 Wells Fargo Securities 37,970.87 112 7.92%
4 Bank of America Merrill Lynch 36,089.91 118 7.53%
5 Credit Suisse 31,628.23 101 6.60%