Centrica looking good for £1bn loan

Centrica, the UK utility, is making good progress on the loan it wants for the acquisition of 25% of British Energy, bankers said today. The company, rated A3/A/A, is seeking roughly £1bn from the loan market. No syndication is set to take place, however, as it will be a club deal.

  • 13 Nov 2008


“A mandate is being worked on right now,” said one banker at an institution that is itself keen on committing. “No banks have signed in yet, but about six are very likely to do so.

“The facility is set to be funded in January, so there will be ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%