Lead arrangers are required to lend at least US$250m each, arrangers must commit US$175m apiece and those joining as managers must offer US$100m.
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Lenders pick up 100bp in fees as bookrunners, MLAs snare 85bp, lead arrangers gain 70bp while arrangers and managers obtain 62.5bp and 55bp in fees, respectively.
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Deutsche Bank, Mizuho Bank, and Emirates NBD are senior mandated lead arrangers, while APICORP, Citigroup, DZ Bank, KfW-IPEX Bank, Nedbank and Sumitomo Mitsui Trust Bank are mandated lead arrangers.
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BNP Paribas, Goldman Sachs, Societe Generale joined as mandated lead arrangers and Bank of America Merrill Lynch, Deutsche Bank and Morgan Stanley acted as lead arrangers, according to data from Thomson Reuters LPC.
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The arrangers were Bank of America Merrill Lynch and HSBC.
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Citigroup, Credit Agricole and JP Morgan are the dealer arrangers.
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HSBC, JP Morgan and MUFG were coordinators, bookrunners and mandated lead arrangers on the deal with Bank of China, Citibank, Credit Agricole, ICBC, Mizuho Bank, Standard Chartered and SMBC as bookrunners and mandated lead arrangers.
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Standard Bank and Investec are joint arrangers of the accelerated bookbuild.
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Credit Suisse, IDFC and Barclays were arrangers for the Nirma deal.
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Citigroup and JP Morgan were joint lead arrangers and book runners.
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The arrangers are U.S. fund HPS Investment Partners and Russian bank VTB.
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JP Morgan, Bank of America Merrill Lynch and Citigroup are lead arrangers.
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He idolized not stars, but arrangers, like George Gershwin and Nelson Riddle.
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He idolized not stars, but arrangers, like George Gershwin and Nelson Riddle.
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Commerzbank, MUFG, Raiffeisen Bank International and SMBC are lead arrangers while Mashreqbank, Arab Bank, Banco do Brasil, Bank ABC, Banque de Commerce et de Placements, Goldman Sachs, Gulf International Bank, Habib Bank, HSH Nordbank and UBAF are arrangers.
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ABN AMRO Bank, Credit Agricole CIB, ING Bank, Natixis and Rabobank are active bookrunners and mandated lead arrangers on the facilities, with Credit Suisse, DBS Bank, Societe Generale, UBS Switzerland and UniCredit Bank as bookrunners and mandated lead arrangers.
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HSBC, JP Morgan and National Bank of Abu Dhabi are the sukuk arrangers.
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Barclays, Credit Agricole, Mizuho, MUFG, Natixis, NatWest and Nomura were mandated lead arrangers.
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Bank of America, Barclays and Citigroup are joint lead arrangers and joint bookrunners.
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RenCap was also among arrangers for a $500 million deal for pipemaker TMK.
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Another said the lead arrangers included JP Morgan, HSBC and Bank of Tokyo-Mitsubishi.
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Citigroup, JP Morgan, ING, BNP Paribas and Wells Fargo were lead arrangers and bookrunners.
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The trio were joint lead arrangers, and Owl Rock also acted as administrative agent.
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CBA and Morgan Stanley are joint arrangers and joint lead managers on the offer.
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Prior to launch Commerzbank, HSBC, MUFG, Mizuho and Societe Generale joined as mandated lead arrangers.
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A total of 58 banks committed to the financing, including 31 mandated lead arrangers and bookrunners.
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NAB was one of the lead arrangers with Bank of America Merrill Lynch and Deutsche Bank.
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Murphy had an impressive array of albums: Broadway scores, classical music, jazz titans and great arrangers.
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Murphy had an impressive array of albums: Broadway scores, classical music, jazz titans and great arrangers.
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The Omani lender, rated BBB plus by Fitch and A3 negative by Moody's, has mandated itself as well as Bank ABC, Citi, Credit Agricole, HSBC, Mitsubishi UFJ Financial, National Bank of Abu Dhabi and Standard Chartered as arrangers for the transaction, a separate document from lead arrangers showed.
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Mandated lead arrangers with commitments of US$500m or above will earn an all-in pricing of 210bp over Libor based on an upfront fee of 100bp, while lead arrangers coming in for US$250m−$499m receive an all-in of 206bp over Libor based on an 503bp fee.
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Riyadh could shortlist lead and second-tier arrangers as early as mid-June, one of the bankers said.
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Commerzbank, HSBC, MUFG, Mizuho and Societe Generale also joined as mandated lead arrangers, according to Thomson Reuters LPC.
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The diverse group of student arrangers was mostly drawn from Face the Music, a youth new-music program.
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Mandated lead arrangers were Banca IMI, Banco de Sabadell, ICBC, Mizuho, Raiffeisen Bank International and Standard Chartered Bank.
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Bank of America Merrill Lynch, Bank of China, Helaba, HSBC, RBC and NatWest Markets are mandated lead arrangers.
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Credit Suisse, India's Kotak Mahindra, Motilal Oswal and Yes Securities were the arrangers for the share sale, IFR said.
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Banca IMI, Credit Agricole, Societe Generale and UniCredit are the mandated lead arrangers and bookrunners of the new facility.
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Its mandated lead arrangers, China's ICBC, Australia's NAB, Societe Generale and Natixis are putting together a debt financing package.
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Bank of America Merrill Lynch leads the loan, joined by arrangers BNP Paribas, Credit Suisse, Citizens Bank and Mizuho.
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Of the 19 banks participating in that deal, including the mandated lead arrangers and bookrunners, 15 were from China.
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"The records in New York were set by arrangers who wrote all of the parts down," Mr. Johnson said.
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The growing role of non-traditional lenders as arrangers of leveraged loans is helping to push average leverage ratios higher.
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Ares Capital, Varagon Capital Partners and AB Private Credit Investors were joint lead arrangers on the first-lien incremental facility.
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MUFG Bank Ltd, Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp jointly acted as the mandated lead arrangers, Marubeni said.
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Arrangers with commitments of US$100m−$249m get an all-in of 202bp over Libor based on a 60bp fee.
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Barclays, HSBC, Mizuho, UniCredit and SMBC are passive joint bookrunners, while Bank of China and Santander are mandated lead arrangers.
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Bank of America Merrill Lynch leads the loan deal along with joint arrangers Morgan Stanley, UBS, Jefferies, Barclays and Citigroup.
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Two of the three sources said JP Morgan and Russia's Gazprombank are among possible arrangers of the Sibur IPO deal.
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Arrangers and joint lead coordinators of the Aramco sukuk are Alinma Investment, HSBC Saudi Arabia, NCB Capital and Riyad Capital.
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TD Securities was the left lead on the deal and Wells Fargo and Bank of America were joint lead arrangers.
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Kasikornbank, Krung Thai Bank, Siam Commercial Bank and Hong Kong and Shanghai Banking Corp Ltd's Bangkok branch, are joint lead arrangers.
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Barclays, HSBC and QNB Capital are the arrangers for the bond sale, for which no timetable was given in the document.
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The syndication attracted interest from banks acting as mandated lead arrangers including Barclays Bank PLC, Credit Suisse International and J.P. Morgan.
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Some lenders, such as KKR and Jefferies, are not subject to the guidance and are stepping up their profile as loan arrangers.
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"LBO loans tend to pay arrangers the highest fees, but sponsors are now being beaten for deals by large corporates," Nassof said.
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Deutsche Bank and ING also joined as joint bookrunners prior to launch, as did BNP Paribas, LBBW, MUFG as mandated lead arrangers.
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However, there were other banks looking to be chosen as arrangers and a pitching process to review applications was ongoing, he said.
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An earlier update from lead arrangers on Monday had said initial guidance was set in the mid- to high 6 percent area.
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The buyout was backed by a US$500m-equivalent loan, but arrangers Jefferies and Credit Suisse ran into opposition from the outset.
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The telecom operator said on Monday it had mandated HSBC, National Bank of Oman and Standard Chartered as arrangers for the transaction.
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The arrangers are the biggest local banks, Zagrebacka Banka, owned by Italy's UniCredit, and Privredna Banka Zagreb, owned by Italy's Intesa Sanpaolo.
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Barclays, HSBC, Bank of Tokyo-Mitsubishi, Deutsche Bank, Mizuho Bank, SMBC and Standard Chartered were among banks participating as mandated lead arrangers.
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Lead arrangers were Crédit Agricole Corporate and Investment Bank, Standard Bank, Natixis, Cooperative Rabobank, Ghana International Bank and Sumitomo Mitsui Banking Corporation.
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Caixabank, CIC, HSBC and Intesa Sanpaolo were mandated lead arrangers, while Credit Agricole Mutuel de Paris et d'Ile de France also participated.
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Bank of China, HSBC, ICBC, Standard Chartered, Mizuho, China Construction Bank and BayernLB acted as initial mandated lead arrangers (IMLAs) on the deal.
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Mentser said foreign banks are learning the market, with many willing to participate in a syndicate of lenders but not yet as arrangers.
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That loan, comprising conventional and Islamic tranches, was led by QInvest with Commercial Bank of Qatar and Barwa Bank as mandated lead arrangers.
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The covenant-loose figures refer to all deals that private debt funds participate in, whether as lead arrangers or in more passive roles.
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Confirming a press report, the sources said Mediobanca and JPMorgan were acting as joint-arrangers and financial advisers for Creval's bad loan securitization.
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Antares Capital was lead agent on both the first- and second-lien facilities, joined by Goldman Sachs and Jefferies as joint lead arrangers.
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"I just want to thank these guys for being some of the greatest musicians, producers and arrangers around," he said of his collaborators.
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Arab Banking Corporation and Commerzbank have fully underwritten the loan and are arranging the loan syndication as initial mandated lead arrangers and bookrunners.
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Another is to bring in musical arrangers (Allison Miller and Carmen Staaf) who are knowledgeable about how to frame and support tap sounds.
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The financing is being arranged by global coordinator HSBC, alongside bookrunners and mandated lead arrangers China CITIC Bank, Credit Suisse, Rabobank and UniCredit.
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CBA and Goldman Sachs are arrangers on the offering and joint lead managers alongside ANZ, JP Morgan, Morgan Stanley, Morgans Financial, UBS and Westpac.
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Barclays, GIB Capital, JP Morgan, National Bank of Abu Dhabi, Societe Generale and Standard Chartered were the lead arrangers of the 2012 bond sale.
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Lead arrangers were Deutsche Bank, Natixis , Cooperative Rabobank, Bank of Tokyo Mitsubishi, Nedbank, Societe Generale , Standard Chartered Bank, Ghana International Bank and DZ Bank.
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Aster's loan was provided by Abu Dhabi Commercial Bank, ICICI Bank, Mashreqbank, National Bank of Fujairah, and Standard Chartered Bank as mandated lead arrangers.
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At one end of contemporary gospel are the singer-arrangers feverishly trying to keep up with the mainstream of R&B and hip-hop.
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Few borrowers or arrangers are willing to risk increased volatility and market risk and want to be out of the market before the deadline.
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Commercial Bank of Dubai, Emirates NBD, Mashreqbank and Standard Chartered were joint lead arrangers and bookrunners for the deal, the company said in a statement.
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DUBAI, Jan 27 (Reuters) - Oman Telecommunications Co (Omantel) has priced a $130 million five-year dual-currency sukuk issue, a document from lead arrangers showed.
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U.S. banks Citi and JP Morgan along with Russia's Sberbank CIB and VTB Capital are among arrangers of the IPO, sources told Reuters in February.
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From the SEC filing: Alibaba Group Holding Limited today signed a five-year US$3 billion syndicated loan agreement with a group of eight lead arrangers.
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IndusInd's US$500m three-year loan closed in early May with the five original mandated lead arrangers and bookrunners ending up with around US$329m combined.
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"There could be around three banks at the top, followed by a second tier of bookrunners and even a third tier of arrangers," the banker said.
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Direct lenders said sponsors are regularly showing them deals before going to bank arrangers or at the same time, and they expect the dynamic to continue.
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At the same time, Deripaska's EN+ is considering an initial public offering in 2017 and has already picked arrangers for the deal, financial sources have said.
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I think it has been almost six years since the first rehearsal and it has been really fun because we have the same choreographer, vocal arrangers.
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The lead arrangers on that deal, issued in 2012, were Abu Dhabi Islamic Bank, Barwa Bank, Citi, Dubai Islamic Bank, Emirates NBD, HSBC and Standard Chartered.
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On Double B-rated Thyssenkrupp's outstanding €2bn revolver, BBVA, MUFG, BayernLB, BNP Paribas, Citibank, Commerzbank, Credit Agricole, Deutsche Bank, SEB and UniCredit are mandated lead arrangers.
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Goldman Sachs and HSBC are leading the financing as physical bookrunners, joined by Barclays, Credit Suisse, Jefferies and Nomura as mandated lead arrangers, the sources said.
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On Double B rated Thyssenkrupp's outstanding €1bn revolver, BBVA, MUFG, BayernLB, BNP Paribas, Citibank, Commerzbank, Credit Agricole, Deutsche Bank, SEB and UniCredit are mandated lead arrangers.
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The "social bond" is the first of its kind to be issued by a European city, say its arrangers, who expect other municipalities to follow suit.
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Malaysia has picked three lead arrangers for a samurai bond issuance of up to 200 billion yen ($1.83 billion), finance minister Lim Guan Eng said on Friday.
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Wells Fargo, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, HSBC, Deutsche Bank, Barclays, Royal Bank of Canada and SMBC have joined the deal as joint lead arrangers.
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BAML and HSBC were the original mandated lead arrangers, bookrunners and equal underwriters of the dividend recap, which attracted 15 other banks, including eight in senior syndication.
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This type of thing was discussed in 2007 and I've heard a number of arrangers say since then how ridiculous it was that it was ever considered.
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The level of bank support for Froneri's 1.02bn leveraged loan financing in September surprised arrangers, with around 30% of the covenant-lite term loan going to banks.
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The diversified mining company closed the syndication of the bridging loan underwritten by Citi and HSBC who will also act as mandated lead arrangers and book runners.
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HSBC, JP Morgan and National Bank of Abu Dhabi are the sukuk arrangers with Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Gulf Bank as bookrunners.
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The deal was underwritten by global co-ordinator HSBC, which was then joined by bookrunners and mandated lead arrangers China Citic Bank, Credit Suisse, Rabobank and UniCredit.
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"This has been over a year in the making but there has been very clear agreement between the arrangers over what we're trying to achieve," said Rogers.
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Last Christmas Eve, the so-called risk-retention rule of Dodd-Frank took effect, requiring that arrangers of these complex deals keep a slice of the downside.
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The offering has received orders worth more than $1.5 billion from investors, of which $1.5.8 million came from the joint lead arrangers and related parties, the document added.
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Arab Banking Corporation, MUFG Bank Ltd, Credit Agricole Corporate and Investment Bank, Citibank, Natixis and Union National Bank acted as joint mandated lead arrangers, according to the statement.
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However, bankers warn that the initiative will only be successful if the arrangers made a market in the securities and the government committed to more regular issues itself.
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A group led by Ares Capital with joint arrangers Golub Capital, TPG's credit specialist TSSP and Varagon Capital Partners backed the buyout with a $1.075 billion unitranche facility.
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Standard Chartered Bank, Industrial and Commercial Bank of China and Ghana International Bank are co-arrangers of the loan, which is due to be signed in London in September.
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The interest rate will be 7.3 percent plus Euribor, while arrangers will be led by U.S. fund HPS Investment Partner and concluded by the end of August, Fortenova said.
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DUBAI, Jan 19 (Reuters) - The emirate of Sharjah set initial price thoughts for a dollar-denominated sukuk transaction of benchmark size on Tuesday, a document from lead arrangers showed.
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Credit Suisse AG and HSBC were the lead arrangers and the financing agreement was guaranteed by German export credit agency Euler Hermes, Vingroup and Vinfast said in a statement.
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The financing was arranged by Bank of America Merrill Lynch as administrative agent and Wells Fargo as syndication agent, both banks acting as joint lead arrangers and joint bookrunners.
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ZAGREB, June 30 (Reuters) - Croatia is considering issuing a 15-year domestic bond indexed to the euro in early July, a source at one of the arrangers said on Friday.
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Al Ahli Bank of Kuwait, AfrAsia Bank, Bank Muscat, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Investec Bank, SBM Bank (Mauritius) and United Arab Bank also joined the latest deal as lead arrangers.
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DUBAI, Feb 8 (Reuters) - Turkish Islamic bank Kuveyt Turk has set initial price thoughts for a U.S. dollar-denominated, capital-boosting sukuk, a document from lead arrangers showed on Monday.
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Arrangers now need the ability to widen Original Issue Discounts (OIDs) on new loans to around 90% of face value, wider than around 97%, which was standard six months ago.
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The Chinese state-owned giant has since raised multiple fundraisings with the latest being a US$5.5bn in March that attracted 39 lenders, including 15 mandated lead arrangers and bookrunners.
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The loan was co-ordinated by Barclays and HSBC with Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, MUFG, Standard Chartered Bank and SMBC acting as initial mandated lead arrangers and bookrunners.
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Bank of China, China Development Bank, and Industrial and Commercial Bank of China are the mandated lead arrangers with the latter two also acting as bookrunners on the senior unsecured deal.
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Bahrain's Bank ABC, Germany's Commerzbank Aktiengesellschaft, Filiale Luxemburg and UAE's Emirates NBD Capital were appointed as lead arrangers and bookrunners for the deal, it said, with Bank ABC acting as coordinator.
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Apple made its debut in the Kangaroo market last August with a record-busting A$2.25 billion ($1.6 billion) three-tranche sale with Deutsche Bank, Goldman Sachs and CBA as arrangers.
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DUBAI, Jan 20 (Reuters) - The emirate of Sharjah will raise $500 million through a five-year sukuk transaction, which could price as early as Wednesday, a document from lead arrangers showed.
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ACCRA, Sept 8 (Reuters) - Ghana accepted 314.1 million cedis ($79.2 mln) worth of bids for a three-year domestic bond with a yield of 24.0 percent, transaction arrangers said on Thursday.
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Ares Capital led the deal, which was one of the biggest-ever provided by a business development company, together with joint arrangers Golub Capital, TPG's credit specialist TSSP and Varagon Capital Partners.
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The 2026 debut, open to foreign investors, was oversubscribed above the initial 200 million cedi target, according to arrangers Barclays Bank, Stanbic Bank Ghana and Accra-based brokerage firm Strategic African Securities.
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Saudi Arabia's economic reforms include privatizations, large infrastructure projects and the planned flotation of Aramco in a transaction expected to net $100 billion for the state and millions of dollars for arrangers.
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Comcast had secured "highly confident" letters from banks, which indicated the lead arrangers were confident they could put together financing while the bidding war with Disney for Fox media assets heated up.
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Credit Suisse, Citigroup and Goldman Sachs underwrote the debt financing and were joined in August by Blackstone Holdings Finance, BNP Paribas, Deutsche Bank, UniCredit, NatWest Markets and Barclays as arrangers and underwriters.
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The interest rate will be 7.3% plus Euribor, while arrangers will be led by U.S. fund HPS Investment Partner and the deal will be concluded by the end of August, Fortenova said.
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Abu Dhabi Commercial Bank, Citigroup, Commercial Bank of Dubai, Dubai Islamic Bank, Mashreqbank, and Noor Bank were the arrangers of the 2014 facility, which is due in 2022, Thomson Reuters data shows.
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Despite the reduced pricing, 30 banks joined the A&E exercise, an increase from 25 lenders including the eight original mandated lead arrangers and bookrunners when the loan was syndicated in 2016.
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Six domestic banks joined the deal, committing around ¥6953bn combined, leaving mandated lead arrangers and bookrunners Mizuho Bank, MUFG and Sumitomo Mitsui Banking Corp holding more than three-quarters of the debt.
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The ability to compare pricing across different arrangers is expected to drive more competitive pricing and could act as a starting point for building secondary liquidity in traditionally buy-and-hold instruments.
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Credit Agricole Corporate and Investment Bank, Natixis Pfandbriefbank and Societe Generale Corporate and Investment Banking acted as co-lead arrangers, the statement said, while Credit Agricole acted as facility and security agent.
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GE Capital and Ares Capital, via the SSLP, provided Augusta with a US$367m senior secured term loan as joint lead arrangers and joint bookrunners, according to an August 2012 press release.
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DUBAI, March 3 (Reuters) - Jeddah-based Islamic Development Bank will raise $1.5 billion from a five-year sukuk issue that it is due to price later on Thursday, a document from arrangers showed.
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LOME, July 27 (Reuters) - Togo is selling a 150 billion CFA franc ($251.40 million) sukuk bond with a 10-year maturity and 6.5 percent yield, one of the transaction's arrangers said on Wednesday.
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Spain has mandated BBVA, Citi, Credit Agricole, HSBC, JP Morgan and Societe Generale as arrangers for a 10-year euro denominated syndicated bond which is expected to be launched in the near future.
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A group of 25 international and regional banks participated in the deal, with Citi, First Abu Dhabi Bank, BNP Paribas, Emirates NBD, ING and Natixis working as coordinators, bookrunners and mandated lead arrangers.
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A source familiar with the issuance said that the fact that Qatar chose as arrangers the same banks of its previous issuance, in April last year, reflected an extension of existing banking relationships.
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That deal, the first Samurai loan for a Chinese company, has effectively been pulled as mandated lead arrangers and bookrunners Mizuho Bank, MUFG and Sumitomo Mitsui Banking Corp have not relaunched general syndication.
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DUBAI, April 5 (Reuters) - Qatar's Ahli Bank has set initial price thoughts for a dollar-denominated bond issue of five years duration and benchmark size, a document from lead arrangers showed on Tuesday.
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The group of banks appointed as joint lead arrangers includes Ajman Bank, Bank ABC, Emirates NBD and Standard Chartered, two banking sources said on condition of anonymity as the information is not public.
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ACCRA, June 7 (Reuters) - Ghana sold 477.6 million cedis ($101.6 mln) worth of a fresh 10-year domestic currency bond on Thursday and will pay a yield of 17.5 percent, transaction arrangers said.
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Australian financial institution Macquarie Bank, the lending arm of Macquarie Group, raised a debut £1.465bn loan in June that was led by mandated lead arrangers and bookrunners HSBC, ING Bank and Lloyds Bank.
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ACCRA, March 22 (Reuters) - Ghana scooped all 1.57 billion cedis ($356.3 million) tendered for a three-year domestic bond on Thursday and will pay a yield of 16.5 percent, joint transaction arrangers said.
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The Malaysian units of HSBC Holdings and Mizuho Financial Group, along with Daiwa Capital Markets — which will work in partnership with Affin Hwang Investment Bank — will be the joint lead arrangers, Lim told reporters.
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JLR's US$2602.47bn loan via nine mandated lead arrangers and bookrunners hit the market in late October, close on the heels of Vedanta's US$2575bn buyout financing via MLABs Credit Suisse and Standard Chartered.
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ACCRA, March 9 (Reuters) - Ghana accepted 1.01 billion cedis ($218.6 million) worth of bids for a three-year domestic bond issued on Thursday that will pay a yield of 21.5 percent, lead arrangers said.
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DUBAI, April 25 (Reuters) - Bank Muscat, Oman's largest lender, has narrowed price guidance for a $500 million five-year bond, which could be priced as early as Monday, a document from lead arrangers showed.
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The loans were fully committed on a certain funds basis ahead of the announcement of the acquisition by Bank of America Merrill Lynch, Deutsche Bank and HSBC as underwriters, bookrunners and mandated lead arrangers.
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Bank ABC, Boubyan Bank, CIMB, Dubai Islamic Bank, Emirates NBD, First Gulf Bank, HSBC, Mizuho, Societe Generale and Standard Chartered are the chosen arrangers of the meetings and potential sukuk issue, the document added.
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Lenders such as Bahrain's Gulf International Bank, Kuwait's Warba Bank and UAE's Dubai Islamic Bank have either already lined up arrangers for their planned debt sales or have approached banks to prepare their bonds.
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The Chinese firm is about to kick off negotiations with banks and deal arrangers and is aiming for a valuation of as much as $10 billion, Bloomberg reported, citing people familiar with the matter.
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DUBAI, Jan 6 (Reuters) - The emirate of Sharjah has picked six banks to arrange investor meetings starting next week ahead of a potential dollar-denominated sukuk issue, a document from lead arrangers showed on Wednesday.
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The same eight banks on Thursday were announced as the arrangers of investor meetings ahead of a potential dollar-denominated bond issue that will be structured so that investors in the United States can participate.
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Dubai-based Emirates NBD Capital, the investment banking arm of Emirates NBD, and Mashreq, another Dubai lender, were the initial mandated lead arrangers and bookrunners for the financing, according to a statement from Emirates NBD.
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To one of the ensemble's then-active arrangers he wrote that the hapless fellow's setting of one particularly famous song "has nothing in common with the art of music," echoing nearly verbatim Zakharov's old insult.
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However differentiated the Bach pieces were by their arrangers, the two Mozart works — the Piano Concerto No. 20, with Leif Ove Andsnes as soloist, and the Symphony No. 38 ("Prague") — spoke to each other intimately.
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Mandated lead arrangers and bookrunners on the acquisition loans were ABN AMRO, Banco Santander, Bank of China, BNP Paribas, Rabobank, Credit Agricole CIB, Deutsche Bank, HSBC, Lloyds Bank, MUFG, Morgan Stanley, NatWest, SMBC and UBS.
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ACCRA, May 17 (Reuters) - Ghana accepted all 749.9 million cedis ($162.66 mln) worth of offers for a three-year local currency bond issued on Thursday and will pay a yield of 16.25 percent, transaction arrangers said.
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ZAGREB, June 13 (Reuters) - Croatian utility Zagrebacki Holding on Thursday sold a second tranche of its seven-year bond worth 500 million kuna ($76.92 million) at a yield of 3.5 percent to maturity, the arrangers said.
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ACCRA, March 31 (Reuters) - Ghana sold 3.42 billion cedis ($790 million) worth of bids for a debut 15-year domestic bond issued on Friday, and it will pay a yield of 19.75 percent, lead arrangers said.
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They added that it is expected to use the same group of banks as the previous loan - ANZ, Bank of China (Hong Kong), Citigroup, HSBC and Mizuho Bank - which were the mandated lead arrangers and bookrunners.
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ACCRA, Oct 23 (Reuters) - Ghana will start receiving bids on Tuesday for domestic bonds worth 6 billion cedis (1.36 billion) to settle energy-sector debts that accumulated over the last decade, lead arrangers said on Monday.
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"I think the bigger impact might be arrangers telling issuers they should tap markets now, so I expect more dividend recaps and stretch senior deals," Edward Eyerman, head of European leveraged finance at Fitch Ratings, said.
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The 2016 facility saw the participation of Bank ABC, Citigroup, Credit Agricole, HSBC, National Bank of Abu Dhabi and Standard Chartered as mandated lead arrangers and bookrunners, joined by Landesbank Baden-Wurttemberg as mandated lead arranger.
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Bank of America Merrill Lynch, Citigroup, Deutsche Bank, JP Morgan, Mizuho, SMBC, MUFG, Wells Fargo, Scotiabank, BMO Capital Markets, Royal Bank of Canada and Morgan Stanley were lead arrangers and joint bookrunners on the syndicated loan.
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The loan was led by Ares Capital Corp along with joint arrangers Golub Capital, TPG's credit specialist TSSP and Varagon Capital Partners, and finalized with a spread of 825bp over Libor with a 1% Libor floor.
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Banks including lead arrangers Bank of China, Commerzbank, Credit Agricole Corporate & Investment Bank, ING Bank, Natixis, Nordea Bank, Societe Generale, UniCredit and VTB Bank have transferred Rusal's loan into their bad loans or restructuring units, bankers said.
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ACCRA, Feb 8 (Reuters) - Ghana sold 1.99 billion cedis ($448 million) worth of a fresh five-year domestic bond on Thursday and the major commodity exporter will pay a yield of 16.5 percent, joint transaction arrangers said.
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The loan raised in 2016 was led by Bank ABC, Citigroup, Credit Agricole, HSBC, National Bank of Abu Dhabi and Standard Chartered as mandated lead arrangers and bookrunners, joined by Landesbank Baden-Wurttemberg as mandated lead arranger.
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DUBAI, Feb 26 (Reuters) - Kuwait Projects Co (KIPCO), the Gulf state's largest investment company, will meet fixed-income investors from Tuesday in preparation for a potential dollar bond issue, a document from lead arrangers showed on Friday.
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It has hired a group of arrangers for the deal including AlKhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, Nomura, Noor Bank, Standard Chartered Bank and Warba Bank, according to the document.
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Arrangers - Deutsche Bank, Bank of America Merrill Lynch, BMO Capital Markets, Barclays, Credit Suisse, RBC and UBS – are likely to have taken a loss on this term loan given the steep change to the discount, sources said.
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DUBAI, April 6 (Reuters) - Qatar's Ahli Bank has set the final spread for a $500 million, five-year debut bond issue, which it plans to price later in the day, a document from lead arrangers showed on Wednesday.
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"The facility, for which Afreximbank and TDB acted as joint mandated lead arrangers, is part of a $1.55 billion debt package of three facilities being arranged and raised in parallel," Afreximbank said in a statement issued on Monday.
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The company, which has a "Baa3/BBB-" investment grade credit rating, has selected BNP Paribas, Citi, HSBC and J.P. Morgan as arrangers for the roadshow and a dollar bond could follow subject to market conditions, the document said.
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Bank of America Merrill Lynch, MUFG, BNP Paribas, Citigroup, Credit Suisse, DBS Bank, Deutsche Bank, JP Morgan, Lloyds Bank, Mizuho Bank, Natixis, Rabobank, Societe Generale, Standard Chartered Bank, SMBC and UniCredit Bank were mandated lead arrangers and bookrunners.
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US leveraged loan issuance in the first eight months of this year is 5.6% lower than the same time last year, according to Thomson Reuters LPC data, and arrangers are trying to sell lower quality deals into stronger demand.
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Qatar is talking to potential arrangers of a first sovereign sukuk in nearly four years, sources told Reuters earlier this week, and Sharjah, one of the seven United Arab Emirates, sold a $500 million Islamic bond earlier this month.
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The group picked VTB Capital, which holds a 4.35 percent in En+, as one of the arrangers for the possible sale along with U.S. banks Citi and JP Morgan and Russia's Sberbank CIB, financial market sources have told Reuters.
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The 2026 debut offer, open to foreign investors, drew bids for 726 million cedis - far more than the initial 200 million cedi target, according to arrangers Barclays Bank, Stanbic Bank Ghana and Accra-based brokerage firm Strategic African Securities.
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Arrangers often sought orders from big investors such as Asian sovereign wealth funds without formally announcing a deal until Europe or the US began trading, but it also led some market participants to complain that information was not being shared equally.
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Investors are also relaying to arrangers what allocations they want and leaving it to the discretion of the banks to write down the ticket sizes needed to ensure they get the desired amount after a scale-back, an investor said.
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ACCRA, Nov 10 (Reuters) - Ghana accepted 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued on Thursday and the major commodities exporter will pay a fixed yield of 19.0 percent, according to lead arrangers.
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DUBAI, April 27 (Reuters) - Kuwait's Boubyan Bank has picked banks for a series of fixed income meetings starting Sunday ahead of a potential dollar-denominated sukuk issue that will boost its capital base, a document from lead arrangers showed on Wednesday.
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On Pou Chen's loan, two other Japanese mega banks – MUFG and Sumitomo Mitsui Banking Corp – are also joint mandated lead arrangers and bookrunners along with Mizuho and Taiwanese lenders Bank of Taiwan, Bank Sinopac, CTBC Bank and Taipei Fubon Commercial Bank.
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DUBAI, March 29 (Reuters) - Qatar's Ahli Bank has picked banks to arrange a series of meetings with fixed income investors starting on Thursday for a potential benchmark-sized U.S. dollar bond issue, a document from lead arrangers showed on Tuesday.
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The bank has hired ANZ, HSBC, Mizuho Bank and Standard Chartered to act as lead arrangers and bookrunners, who will seek lenders to take part in the syndicate from next week, IFR, a Thomson Reuters publication, said without citing sources.
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DUBAI, Jan 18 (Reuters) - Bahrain Commercial Facilities Company, a consumer finance and insurance provider, has raised a $125 million loan to refinance existing debt and for general business purposes, a bourse statement from one of the arrangers said on Monday.
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Platforms can create more liquidity and streamline trading, but some participants say their firms do not do enough volume to warrant using an electronic system, or are afraid of trading away from arrangers who can dictate future new-issue allocations.
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ACCRA, Nov 30 (Reuters) - Ghana sold 5.29 billion cedis ($1.16 bln) worth of long-term bonds on Thursday, dominated by re-openings of previous bond issues by the major commodity exporter to help restructure its high public debt, lead arrangers said.
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DUBAI, March 22 (Reuters) - Dubai Islamic Bank (DIB) has launched a $500 million five-year sukuk issue at the tight end of revised price rangee, with the transaction set to close later on Tuesday, a document from lead arrangers showed.
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Owners of Carillion's convertible bonds - debt instruments that can be swapped into shares under certain conditions - could demand a cash payment in exchange for forgiving some of the company's debt, said a banker who was among the arrangers of the original bond sale.
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Joining the financing in syndication as mandated lead arrangers were Banco Santander, BBVA, Bank of China, BNP Paribas, Citigroup, Commerzbank, ING Bank, JP Morgan, Mizuho, Royal Bank of Canada, Standard Chartered, Sumitomo Mitsui Banking Corporation, Bank of Nova Scotia, MUFG and UniCredit.
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DUBAI, March 21 (Reuters) - Islamic Corporation for the Development of the Private Sector (ICD) has chosen ten banks to arrange a series of meetings with fixed income investors ahead of a potential sale of sukuk, a document from lead arrangers showed on Monday.
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The bank, which also underwrites, sells and trades stocks and bonds in Japan, was one of the most active arrangers for commercial mortgage-backed securities in Japan at the top of the property bubble before the global market crash nine years ago.
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DUBAI, Jan 11 (Reuters) - Burgan Bank, Kuwait's third-largest lender by assets, has picked two arrangers for a potential 100 million dinar ($329.4 million) bond, for which marketing to investors could start as soon as this week, sources aware of the matter said.
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The water and power plant developer had announced its debt raising plans in November, but postponed the bond because of "timing contsraints and requests from investors for more time to evaluate the proposed offering," according to a document issued by the lead arrangers in December.
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AIB, ING and RBS joined BNP Paribas and Jefferies as mandated lead arrangers and bookrunners on that term loan, which was increased to £155m prior to close following the tack-on acquisition of two additional facilities, bringing the total number of facilities up to 24.
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The trade group stressed that loans are not "inappropriately formed" because they go through an underwriting process, often with multiple arrangers that need to agree to the structure and credit risk, and the CLOs purchasing the loans complete their own due diligence, he said.
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DUBAI, April 25 (Reuters) - The Emirate of Abu Dhabi has narrowed price guidance for a two-part dollar bond which could be priced as early as Monday, a document from lead arrangers showed, reflecting strong investor demand for its first debt sale in seven years.
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The arrangers will be on the hook to fund the debt if it is not removed from their balance sheets by the time of the deal's closing, which is expected by December 21, according to an October 30 Arc Logistics filing with the Securities and Exchange Commission.
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"You'd hear his stuff and say, 'I wouldn't have used that instrument in that way or assign those notes to those instruments,'" Alex Lacamoire, who was one of the arrangers of the music in "Wicked" and won a 2016 Tony Award for best orchestrations for "Hamilton," said an interview.
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SLOW FIRST QUARTER Middle market specialist Macquarie is not subject to the leveraged lending guidelines and was able to profit from the disruption at the top end of the market as buyout lending fell 29 percent from the fourth quarter to $112 billion and arrangers struggled to syndicate large LBO loans.
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"The cost for companies to do a public issue is slightly higher as they have to pay 1.0 to 1.5 percent fees to the arrangers, compared to a 7.03bp-20bp commission when they place these bonds privately, but it helps diversify the investor base and improves liquidity in the bonds," said a fixed-income trader.
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Mandated lead arrangers and bookrunners on the financing were ABN AMRO, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citigroup, Commerzbank, Rabobank, Credit Agricole, Credit Suisse, DBS Bank, Deutsche Bank, HSBC Bank, ING Bank, JP Morgan, Lloyds Bank, Mizuho Bank, Royal Bank of Scotland, Societe Generale, Standard Chartered Bank, SMBC and UniCredit Bank.
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