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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
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1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 48,981.15 156 10.70%
2 JPMorgan 42,528.25 122 9.29%
3 Wells Fargo Securities 37,344.94 107 8.16%
4 Bank of America Merrill Lynch 34,673.03 110 7.57%
5 Credit Suisse 29,307.78 89 6.40%