‘Warning shot’ for Schuldschein market as Carillion heads for rights issue

Carillion’s share price fell roughly 40% after bleak profit warnings on Monday, and another 33% on Tuesday. The UK outsourcing and construction company's tumble comes only five months after it successfully issued a €112m — confirming for some that the market has become too open to unsuitable borrowers.

  • By Silas Brown
  • 11 Jul 2017

February's loan, arranged by BayernLB and HSBC, had three, five, seven and 10 year tenors, offered in dollar, euro and sterling denominations, though the transaction closed with only three and five year maturities. 

The spread was priced at the tight end of the margins, 170bp for the three ...

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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 343,835.16 1188 10.55%
2 JPMorgan 331,607.44 1126 10.18%
3 Citi 221,652.80 671 6.80%
4 Wells Fargo Securities 182,762.83 828 5.61%
5 Barclays 137,820.08 534 4.23%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,885.74 11 11.28%
2 Citi 3,305.25 10 9.59%
3 First Abu Dhabi Bank 2,979.73 13 8.65%
4 Industrial & Commercial Bank of China - ICBC 2,637.92 7 7.66%
5 China Development Bank Corp 2,162.50 2 6.28%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,543.40 76 7.21%
2 BNP Paribas 17,658.36 110 6.52%
3 Goldman Sachs 15,275.80 61 5.64%
4 Deutsche Bank 14,293.34 81 5.27%
5 HSBC 14,165.38 91 5.23%

Bookrunners of European Marketed Syndicated Loans

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%

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%