Middle Eastern banks tap international loan market for first time

Middle Eastern banks are diversifying their funding portfolios by entering the international syndicated loan market for the first time, with Bahrain Islamic Bank (BisB) signing a deal at the end of September and two more due to sign this month.

  • By Bianca Boorer
  • 03 Oct 2017

On September 20, BisB signed its debut syndicated loan for $101m, double the amount it was launched at. The murabaha facility has a tenor of one year and will be used for general funding purposes.

Ras Al Khaimah’s Rakbank is expected to sign a conventional $350m facility ...

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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 313,356.71 1079 10.65%
2 JPMorgan 282,320.24 997 9.60%
3 Citi 198,790.33 614 6.76%
4 Wells Fargo Securities 159,399.61 730 5.42%
5 Barclays 115,228.30 487 3.92%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,666.99 10 11.57%
2 Citi 3,086.50 9 9.74%
3 First Abu Dhabi Bank 2,760.98 12 8.71%
4 Industrial & Commercial Bank of China - ICBC 2,637.92 7 8.32%
5 China Development Bank Corp 2,162.50 2 6.82%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,951.43 72 7.21%
2 BNP Paribas 15,800.30 101 6.35%
3 Goldman Sachs 14,057.92 58 5.65%
4 HSBC 13,442.80 86 5.40%
5 Deutsche Bank 12,920.94 75 5.19%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

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%