Conti plans early loan refi

Continental, the debt-laden car parts supplier, said today that it will refinance or repay a Eu3.5bn loan tranche due in August next year by the end of the first quarter. The German borrower, rumoured to be planning a bond issue, also said it would launch a Eu1bn-Eu1.5bn capital increase in that time.

  • 29 Oct 2009
While the company said it was looking at several options to repay the debt, bankers were wary about its chances of rolling it over in the loan market. “This wouldn’t be the easiest deal to do,” said a loans banker. “It’s a strong company, but the sector is ...

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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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,581.71 299 10.94%
2 Bank of America Merrill Lynch 86,347.40 249 9.04%
3 JPMorgan 80,990.39 237 8.47%
4 Wells Fargo Securities 77,934.65 225 8.15%
5 Credit Suisse 63,570.21 165 6.65%