Nestlé increases to Eu6.5bn, despite its 12.5bp margin

Nestlé has signed a Eu6.5bn 364 day backstop loan, which, despite being the tightest European deal of the year carrying a margin of just 12.5bp, attracted over Eu7bn of commitments.

  • 13 Nov 2009

"This was a spectacular success," said a banker involved in the deal. "It carries on the theme of the big guys in the corporate world being able to get whatever they want. It went far better than people expected, given the
pricing."

The facility, coordinated by Citi, replaces a ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%