Loan market on alert after $16bn Roche US bond record

The $16bn bond issued this week by Roche Holding, the Swiss healthcare products firm, underlined the remarkable strength and depth of the US dollar credit market.

  • 20 Feb 2009

But with the company still on the fundraising trail for its $42bn takeover bid for US rival Genentech, the bond market in Europe, the loan market and the commercial paper market are braced for their turn soon to come.

Roche, rated Aa1/AA-/AA, smashed the previous record for the largest ...

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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 47,881.49 152 10.77%
2 JPMorgan 41,018.47 115 9.23%
3 Wells Fargo Securities 37,061.63 106 8.34%
4 Bank of America Merrill Lynch 33,629.70 107 7.56%
5 Credit Suisse 28,660.69 86 6.45%