Russian market-opener MDM finalising pricing

Arrangers of a $175m facility for MDM Bank, the Russian privately-owned lender, are fine-tuning details on fees and tickets this week as the deal nears launch in early September. The five lead banks, mandated on Tuesday, will be testing the loan market’s appetite for Russian bank risk in the first such syndication this year. Read on for more analysis on the pricing and timing, and the market’s reaction.

  • 26 Aug 2009
Structured as an A/B loan under the IFC’s umbrella facilities, the $175m one year ‘B’ tranche will come to market as soon as the borrower and its bank and supranational lenders agree on the final terms and syndication strategy in a conference call on Wednesday afternoon. The IFC ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%