U.S. Power Corp. Enters Swap, Locks In Savings

  • 19 Aug 2003
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Oil and gas producer Devon Energy has entered an interest-rate swap to convert a fixed-rate USD500 million note issue into a synthetic floater. Brian Engel, spokesman in Oklahoma City, explained that the corporate is able to reduce its interest rate costs by 1.15% via the swap. This, in turn, creates savings of USD5.75 million for the company.

In the swap, which mirrors the three-year maturity of the notes, Devon receives the 1.75% coupon and pays LIBOR minus 27 basis points, said Engel. UBS lead managed the note sale and is the counterparty on the swap

  • 19 Aug 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,385.40 114 7.52%
2 JPMorgan 29,232.19 105 7.00%
3 Goldman Sachs 27,645.83 55 6.62%
4 Barclays 26,090.00 67 6.25%
5 Deutsche Bank 23,883.15 74 5.72%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 22.59%
2 Credit Suisse 1,301.65 4 18.30%
3 UBS 970.80 3 13.65%
4 BNP Paribas 522.35 4 7.34%
5 SG Corporate & Investment Banking 444.17 3 6.24%