Ruukki pulls in lenders as Outokumpu defies critics

The recently launched Eu330m deal for Finnish metals group Rautaruukki (Ruukki) is gaining traction in the market, with a couple of commitments already in as syndications in the Nordic market continue to pick up pace. Stainless steel rival Outokumpu, meanwhile, is defying initial critics and books on its Eu600m refinancing could close within a week, according to bankers close to the facility.

  • 21 May 2009

Despite the struggle faced by steel producers worldwide as the demand for the metal has slumped — prompting lenders to shy away from the sector — the two companies have managed to attract commitments.

Outokumpu in particular had been tipped for rough ride in syndication, as its Eu600m ...

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 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 58,985.44 193 10.63%
2 JPMorgan 51,597.56 153 9.29%
3 Wells Fargo Securities 41,996.86 122 7.56%
4 Bank of America Merrill Lynch 41,491.72 136 7.47%
5 Credit Suisse 38,293.55 120 6.90%