Voters deny that European loan market is underpriced

The majority of bankers think that capacity in the loan market is now more problematic for arrangers than pricing, according to EuroWeek’s latest loans poll. Only 35% of voters think that the market is still underpriced, while 52% stated that capacity was more of an issue that pricing.

  • 08 Dec 2008

The results suggest that most bankers think Europe’s loan market has repriced itself adequately in the wake of Lehman Brothers’ bankruptcy. Bankers are now worrying more about balance sheet constraints and 2009 budgets than about margins and fees.

Bankers have been speculating recently about whether pricing has peaked. Many ...

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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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%