Bilaterals in vogue as loan market returns to its roots

Is this the beginning of the end of the syndicated loan market for certain types of borrowers? It’s a question being whispered around European financial centres as companies increasingly ask their bank lenders about putting bilateral loan facilities in place.

  • 23 Mar 2012
The moves come as the disparity between terms offered for syndicated deals by their relationship banks grows and the loan market becomes increasingly inconsistent for weaker corporate names. "We are seeing more enquiries from clients about bilaterals," said one London-based head of loans. "Those corporates that perhaps don’t ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 8,309.08 35 6.30%
2 Commerzbank Group 6,569.87 40 4.98%
3 BNP Paribas 6,477.17 27 4.91%
4 UniCredit 6,430.57 52 4.88%
5 Credit Agricole CIB 6,251.64 29 4.74%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Morgan Stanley 74,213.88 260 7.84%
2 Goldman Sachs 64,933.87 304 6.86%
3 Bank of America Merrill Lynch 62,989.59 218 6.65%
4 Citi 60,634.12 338 6.40%
5 JPMorgan 59,116.26 268 6.24%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 Morgan Stanley 56,343.49 184 11.10%
2 Citi 53,003.67 262 10.44%
3 Bank of America Merrill Lynch 50,199.23 181 9.89%
4 Goldman Sachs 49,824.41 248 9.81%
5 JPMorgan 49,005.73 204 9.65%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 LBBW 5,014.64 17 7.54%
2 SG Corporate & Investment Banking 4,741.46 19 7.13%
3 Credit Agricole CIB 4,590.25 17 6.91%
4 BNP Paribas 4,566.36 14 6.87%
5 Commerzbank Group 4,066.97 16 6.12%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 1,110.74 50 27.87%
2 Citi 622.92 15 15.63%
3 Deutsche Bank 499.78 5 12.54%
4 TD Securities Inc 397.10 7 9.96%
5 Nomura 360.08 7 9.03%