Sanofi set to launch $15bn jumbo loan imminently

France’s Sanofi-aventis is expected to launch a $15bn syndicated loan into syndication on Tuesday after initiating an $18.5bn hostile bid for US biotech firm Genzyme on Monday.

  • 04 Oct 2010

BNP Paribas, JPMorgan and Société Générale have underwritten the facility on an equal basis. It comprises a $10bn 18 month ‘A’ tranche with a six month extension option at the borrower’s behest and a $5bn 3-1/2 year ‘B’ piece.

“This will be launched imminently, perhaps tomorrow,” said a banker ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%