Endesa signs Eu1.3bn FSF, nets Eu2bn of new money

Spain’s Endesa has secured Eu3.28bn of loans in a sign of the market’s continuing improvement. The success of the two deals — a Eu2bn new money loan and a Eu1.28bn forward start facility — came despite the fact Endesa’s majority owner, Italian utility Enel, signed Eu8bn of loans only last month.

  • 08 May 2009

Endesa, rated A3/A-/A-, will draw the forward start to extend until January 2012 part of a Eu1.5bn tranche due in June 2010.

Ten banks committed to the forward start: BBVA (the coordinator), BNP Paribas, Citi, Deutsche Bank, Fortis Bank, HVB, Intesa Sanpaolo, JPMorgan, Royal Bank of Scotland and Santander.

The ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 95,041.28 268 11.13%
2 Bank of America Merrill Lynch 79,274.93 221 9.29%
3 Wells Fargo Securities 69,765.48 197 8.17%
4 JPMorgan 69,438.13 198 8.13%
5 Credit Suisse 57,820.17 147 6.77%