Solar sector to the fore as Rec launches rights issue

Norwegian Solar energy group Rec is aiming to raise Eu450m in a rights issue while restructuring its debt through a bond and re-negotiating its credit facilities. Last week, solar cell maker Q-Cells, a competitor and former large shareholder of Rec, tapped the equity-linked market with a Eu250m convertible bond. Renewable energy firms had limited access to equity markets this year, but to what extent will the two recent deals change the sector’s refinancing options? Read EuroWeek on Friday.

  • 20 May 2009

Robert Vielhaber +44 20 7779 7322

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 346,313.82 1352 8.07%
2 JPMorgan 342,564.18 1475 7.99%
3 Bank of America Merrill Lynch 307,820.80 1070 7.18%
4 Barclays 258,940.93 980 6.04%
5 Goldman Sachs 229,669.56 780 5.35%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,703.38 208 6.45%
2 JPMorgan 46,311.15 105 6.13%
3 UniCredit 40,933.42 184 5.42%
4 Credit Agricole CIB 40,387.65 202 5.35%
5 SG Corporate & Investment Banking 38,617.85 150 5.11%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.18%
2 Goldman Sachs 13,469.15 66 8.52%
3 Citi 9,971.36 58 6.31%
4 Morgan Stanley 8,572.10 54 5.42%
5 UBS 8,414.70 37 5.32%