Merck surprises by leaving DB out of loan for Serono

  • 29 Sep 2006

German pharmaceutical company Merck will enter the loan market next month with a Eu11.5bn loan to back its merger with Swiss biotech firm Serono.

Dresdner Kleinwort and Société Générale will be bookrunners, with Bear Stearns as mandated lead arranger. The three MLAs will fully underwrite the facility.

The loan is ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%