Stemcor takes full increase as other traders look to Asia

Stemcor, the steel trading company has taken advantage of banks’ hunger for paper in the investment grade loan market and increased the size of its dual tranche facility after the deal was heavily oversubscribed.

  • 07 May 2010

It has signed a $562m 364 day revolving credit facility, increased from a launch size of $400m, and a $125.5m two year forward start facility, up from $100m.

"This deal was oversubscribed, as all of the deals from commodities firms seem to be, and the borrower took the full ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com 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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%