EuroWeek View: Loan market shoots itself in the foot

Vivendi’s recent foray into the loan market has set an unwelcome precedent. Despite widespread criticism from syndicate bankers, the borrower undercut all recent benchmarks on the way to pricing a Eu1bn deal. If others follow suit, the syndicated loan will once again become no more than a loss-leader.

  • 03 Aug 2010
One silver lining of the financial crisis cloud for banks is that for the last two years, they have been in charge in negotiations with borrowers over new syndicated loans. The balance had swung heavily in favour of borrowers in the bull-run up to late 2007. They were ...

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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%