EuroWeek View: Tata shows lending relationships live on despite crunch

An emerging markets corporate needing to refinance billions of dollars of loans taken out to fund a risky acquisition made at the top of the market? Is Tata Motors attempting mission impossible? No, the strength of its relationships is likely to see it through.

  • 08 Apr 2009
Traditionally robust relationships between borrowers and their banks are in tatters around the world, as lenders pull back from risky business and corporate earnings disappoint. Banks barely hesitated to trigger market disruption clauses or withdraw from deals altogether in the autumn of 2008, with little regard for their ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%