Ramadan delays loan deals in Middle East

Ramadan, the Islamic holy month of fasting which began on May 26, has caused delays to loan deals that were expected to close this week in the Middle East, according to bankers in the region.

  • By Bianca Boorer
  • 15 Jun 2017

Aster DM healthcare, a UAE based healthcare provider, was looking to close a $295m syndicated loan deal led by India’s Axis Bank this week but is having to postpone until the first week of July.

“We were expecting to close this week but Ramadan happened, so we ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Jun 2017
1 Bank of America Merrill Lynch 152,023.83 542 10.73%
2 JPMorgan 131,970.16 468 9.31%
3 Citi 95,638.59 284 6.75%
4 Wells Fargo Securities 76,462.12 373 5.40%
5 Deutsche Bank 66,070.01 232 4.66%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 HSBC 3,237.06 6 25.64%
2 Citi 2,251.69 5 17.84%
3 JPMorgan 1,463.08 3 11.59%
4 First Abu Dhabi Bank 949.00 5 7.52%
5 Standard Chartered Bank 812.06 5 6.43%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Goldman Sachs 10,231.82 32 7.84%
2 JPMorgan 8,649.53 32 6.63%
3 Deutsche Bank 7,504.04 42 5.75%
4 BNP Paribas 7,457.95 38 5.72%
5 Credit Suisse 6,678.77 32 5.12%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Jun 2017
1 Deutsche Bank 22,181.26 60 8.33%
2 Bank of America Merrill Lynch 20,693.49 47 7.77%
3 HSBC 20,036.65 67 7.52%
4 BNP Paribas 12,693.54 67 4.77%
5 SG Corporate & Investment Banking 12,553.14 65 4.71%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%