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 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 48,566.71 153 10.76%
2 JPMorgan 41,016.11 115 9.09%
3 Wells Fargo Securities 37,344.94 107 8.27%
4 Bank of America Merrill Lynch 33,736.81 108 7.47%
5 Credit Suisse 28,660.69 86 6.35%