Second Dubai default leaves bankers tight-lipped

Dubai Holding Commercial Operations Group (DHCOG) has failed to repay a $555m loan for the second time this year. The facility was first deferred for two months in July and lenders have now agreed to defer repayment again until November 30, the company said on Tuesday.

  • 08 Sep 2010

“Dubai Holding Commercial Operations Group LLC confirms that all parties have agreed to further extend the existing revolving credit facility of $555m under commercial terms until November 30th 2010,” the group said in an emailed statement.

Bookrunners BNP Paribas, Citi, RBS and Standard Chartered have agreed the second extension ...

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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 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 129,591.43 378 11.13%
2 Bank of America Merrill Lynch 103,866.05 303 8.92%
3 JPMorgan 102,412.09 297 8.79%
4 Wells Fargo Securities 92,651.83 270 7.96%
5 Credit Suisse 76,251.01 205 6.55%