GEMS Education mandates banks for $1.2bn loan

Dubai’s Global Education Management Systems (GEMS) Education has mandated four banks to coordinate its $1.2bn loan.

  • By Bianca Boorer
  • 23 Oct 2017

HSBC, Emirates NBD, Mashreq Bank and Noor Bank have been chosen to underwrite the seven year facility.

They plan to launch the facility, which will have conventional and Islamic tranches, next week. GEMS is planning to complete an initial public offering next year.

It plans ...

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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 345,800.85 1202 10.40%
2 JPMorgan 336,693.31 1143 10.13%
3 Citi 224,041.01 689 6.74%
4 Wells Fargo Securities 185,868.17 847 5.59%
5 Barclays 139,317.64 542 4.19%

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 7.20%
2 BNP Paribas 17,734.06 111 6.53%
3 Goldman Sachs 15,275.80 61 5.63%
4 Deutsche Bank 14,293.34 81 5.26%
5 HSBC 14,241.09 92 5.24%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 40,406.23 179 6.71%
2 Deutsche Bank 36,549.85 129 6.07%
3 BNP Paribas 30,861.76 187 5.12%
4 Bank of America Merrill Lynch 30,788.61 98 5.11%
5 Barclays 30,558.69 87 5.07%

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%