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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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%