Nordea signs banks into Eu105m for Elcoteq

Nordea has signed banks into a Eu105m five year multi-currency revolver for Finnish company Elcoteq Network Corporation.

  • 09 Mar 2001
Email a colleague
Request a PDF
Joining the facility as co-arranger is Sampo Bank. NordLB and Okobank join as senior lead managers, while LB Kiel joins as manager.

The margin on the facility is 70bp to 80bp, depending on compliance with certain financial covenants. Repayment is in three equal semi-annual instalments, starting on the fourth anniversary of the signing.

The borrower is a leading European provider of electronics manufacturing systems, supplying electronics end products and sub-assemblies for its customers in communications electronics, industrial electronics, information technology and consumer electronics. The company has manufacturing services plants in Finland, Estonia, Russia, Hungary, Poland, Germany, Mexico and China.

Elcoteq last tapped the market in 1999 for a Eu55m five year revolver, via MeritaNordBanken. The loan was targeted at a small group of Nordic banks.

  • 09 Mar 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 344,473.92 1340 8.09%
2 JPMorgan 340,456.96 1464 8.00%
3 Bank of America Merrill Lynch 305,654.09 1051 7.18%
4 Barclays 256,667.84 965 6.03%
5 Goldman Sachs 227,104.06 767 5.34%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,952.57 194 6.54%
2 JPMorgan 46,108.71 102 6.43%
3 UniCredit 39,106.98 168 5.45%
4 Credit Agricole CIB 36,670.04 182 5.11%
5 SG Corporate & Investment Banking 35,773.91 138 4.99%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,088.48 62 8.97%
2 Goldman Sachs 13,469.15 66 8.58%
3 Citi 9,948.21 58 6.34%
4 Morgan Stanley 8,572.10 54 5.46%
5 UBS 8,391.04 36 5.34%