European TLBs surge — and shift to dollar

Institutional investor demand in Europe is driving a rise in the volume and number of term loan ‘B’s, with US dollars now the currency of choice. Term loan ‘A’ deals, meanwhile, are stagnating.

  • 24 May 2013

The European TLB market has reached its highest volume since 2007, continuing the upward trend that has been seen since its low point in 2009, according to research by data provider Dealogic.

Volumes have reached $24.8bn through 37 tranches so far this year, the highest level for this ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%