EGPC invites banks to join $2bn pre-export deal

Egyptian General Petroleum Corp (EGPC) has launched the senior syndication of a $2bn pre-export financing, sending out formal invitations to bank lenders on Wednesday evening after a teaser was released last week.

  • 14 May 2010

JPMorgan and National Bank of Egypt are mandated lead arrangers on the underwritten five year facility, which will amortise and have an average life of about three years.

The deal, which is backed by export contracts for naphtha and crude oil, carries an out-of-the-box margin of 275bp, and ...

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 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 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%