Loan Ranger: Christmas spirits

The holiday season kicked off at the Loan Syndicate Managers’ Forum’s carol concert in London last week and, as usual, Canon David Parrott delighted the crowd with another lively sermon — though one banker risked life and limb by questioning the quality of the drinks served at the Commerzbank reception...

  • By GlobalCapital
  • 19 Dec 2016
Email a colleague
Request a PDF

The service began with some poignant readings from loan market devotees Simon Derrick, Andrew Moses and Paul Gibbon.

Next, a touching speech from Jonelle Roback, founder of this year’s charity Make Sense Of It, which raises funding for research for a cure for multiple sclerosis.

After an angelic rendition of 'While Shepherds Watched', UniCredit’s Tim Hoffmeister took to the lectern in place of Steffen Wasserhess, who — Hoffmeister assured us — was not faking it and “really was ill”. The UniCredit loans head did a sterling job of filling in for his colleague at the last minute.

Then the famed Canon Parrott took the floor. He opened his sermon with a brief description of the life of the patron saint of the church: St Lawrence.

Lawrence, we found out, was famed for having defied the Roman Empire and, for his insolence, being burnt to death on an iron griddle. Parrott suggested St Lawrence be named the patron saint of McDonald's, given the means of his death.

This might have been the first time since Roman times that a gathering of several hundred people had laughed at the idea of someone being burnt to death.

The ever-imaginative Parrott used props and humour to keep us entertained and imbue his sermon with the message of charity.

Afterwards, the congregation crossed the road for the annual Commerzbank drinks and to enjoy festive refreshments, although the Ranger was surprised to hear one banker bemoaning the quality of the glühwein. “It did leave something to be desired, but it was very good of them to put on the event.”

We will keep the identity of the banker anonymous for fear of sending him to a fiery end at the hands of a furious Commerz banker. The loan market is all for seasonal peace and goodwill - but no one should let them get out of hand.

A very merry Christmas and happy new year to you all!

  • By GlobalCapital
  • 19 Dec 2016

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 390,564.78 1474 8.99%
2 JPMorgan 358,442.23 1626 8.25%
3 Bank of America Merrill Lynch 344,395.33 1215 7.93%
4 Goldman Sachs 257,185.44 862 5.92%
5 Barclays 252,851.12 991 5.82%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 36,645.46 176 6.31%
2 Deutsche Bank 36,386.11 128 6.26%
3 Bank of America Merrill Lynch 30,712.91 97 5.28%
4 BNP Paribas 30,600.75 184 5.27%
5 Barclays 30,394.96 86 5.23%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,398.51 94 8.81%
2 Morgan Stanley 17,334.42 90 7.14%
3 Citi 16,974.50 104 6.99%
4 UBS 16,643.68 66 6.85%
5 Goldman Sachs 16,184.72 87 6.66%