Aggressive ABB expected to find warm reception

Bankers expect a self-arranged $2bn three year refinancing for Swiss engineering company ABB to close successfully despite its aggressive pricing

  • 11 Sep 2009

The revolving credit will pay a 100bp margin with a 65bp fee and is expected to close in early October, a spokesperson for the company said.

ABB went out to its existing lenders — BNP Paribas, Barclays Capital, Citi, Commerzbank, Credit Suisse, Deutsche Bank, HSBC, Nordea, SEB, Svenska ...

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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 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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1 Citi 128,864.18 374 11.17%
2 Bank of America Merrill Lynch 102,984.87 299 8.93%
3 JPMorgan 101,325.97 295 8.78%
4 Wells Fargo Securities 91,373.90 263 7.92%
5 Credit Suisse 76,082.53 203 6.60%