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 ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 245,537.97 839 10.73%
2 JPMorgan 219,169.87 785 9.58%
3 Citi 148,096.80 459 6.47%
4 Wells Fargo Securities 118,810.14 573 5.19%
5 Barclays 95,051.53 385 4.15%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,571.16 8 16.74%
2 Citi 3,053.17 8 14.31%
3 First Abu Dhabi Bank 2,548.48 9 11.95%
4 JPMorgan 1,463.08 3 6.86%
5 SG Corporate & Investment Banking 1,375.20 5 6.45%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,887.75 55 6.77%
2 BNP Paribas 12,922.24 69 6.29%
3 Goldman Sachs 11,801.80 45 5.75%
4 Deutsche Bank 11,123.41 61 5.42%
5 Bank of America Merrill Lynch 10,782.14 44 5.25%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,458.91 116 7.05%
2 Deutsche Bank 26,902.99 90 6.66%
3 Bank of America Merrill Lynch 24,997.04 70 6.19%
4 BNP Paribas 21,217.62 120 5.25%
5 Credit Agricole CIB 19,454.23 112 4.82%

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%