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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%