Linde’s ‘aggressive’ 65bp unlikely to stunt refi

Bankers complained about the skimpy pricing after Linde launched a Eu2.25bn five year facility on Wednesday, but said that the German gas company’s relationship pull would allow it to become the latest in a spate of firms taking advantage of improved market conditions to refinance a forward start before it has kicked in.

  • 21 Apr 2010
“The pricing on this deal is really rather thin, it’s an aggressive level,” said one loans banker. “But you have to judge by how well the forward start went last year: it was abysmally priced but still lots of lenders piled in. Linde just has such a wide ...

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 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 %
  • Last updated
  • Today
1 Citi 91,105.19 257 10.97%
2 Bank of America Merrill Lynch 78,286.59 217 9.43%
3 JPMorgan 68,975.82 196 8.31%
4 Wells Fargo Securities 67,736.13 189 8.16%
5 Credit Suisse 55,269.48 140 6.66%