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Capital Markets News, Data & Analysis

Loan Award Winners

  • 06 Jan 2004
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For the first time, only the nominations for best banks and borrowers were published in Review of the Year in January meaning that readers had to wait until EuroWeek's inaugural Syndicated Loans & Awards Dinner on February 11 to find out the results.

Listed over the next few pages is a complete list of the awards, including the winner and four runners-up.

They reflect the market's true perception of the strengths of banks, borrowers, private equity houses, law firms, institutional investors and rating agencies.
To gauge the market's evaluation of their competitors and to select the most outstanding deals syndicated last year, EuroWeek polled all the major loan houses and institutional investors during the last two months of 2003.

In many categories, it was a close race, with competitors for some of the top prizes separated by only a handful of votes.

One of the most closely fought battles was the Most Impressive Arranger award. Citigroup managed to top the market ? but only just as Royal Bank of Scotland was only a couple of votes behind. It has been a quick climb for Citi, which in 2001 was voted fourth in the category and then in 2002 finished second to Barclays Capital.

Citigroup cleaned up with awards in many other categories as well, reflecting its position as top bank. The firm won Best arranger of Western European and Eastern European loans, and Best arranger of Russian loans.

Royal Bank of Scotland also had a strong showing, winning Best arranger of Loans for Corporates, Best arranger of UK loans and Best arranger of Acquisition Financing, as well as being voted Most Enjoyable Bank to Work With.

For leveraged buy-outs, an asset class that generated a constant flow of deals for the syndicated loan market in 2003, Barclays was named Top Arranger. This is no surprise with the bank's showing in large deals from last year, but it is a dramatic victory in contrast with 2002, when Barclays did not feature in the top five.

For the deal side of the competition, the two largest transactions in both the investment grade and leveraged market won for their categories. Olivetti's Eu15.5bn acquisition financing and Seat Pagine Giale's Eu3.2bn deal both received top honours winning Most Impressive Loan and Best LBO Loan, respectively. 


ARRANGING BANKS
Most Impressive Arranger
20032002
12Citigroup
24Royal Bank of Scotland
31Barclays Capital
43JP Morgan
56HSBC
Most Improved Market Profile
20032002
11Crédit Agricole Indosuez
2=-Lloyds TSB
2=-Royal Bank of Scotland
4-HSBC
52BNP Paribas
Best Bank to Work With
20032002
11Royal Bank of Scotland
24=WestLB
3-ABN Amro
44=HSBC
5-BNP Paribas
Best Arranger of LBO Financing
20032002
1-Barclays Capital
25Credit Suisse First Boston
32Royal Bank of Scotland
4-ING
5-HVB
Best Arranger of Acquisition Financing
20032002
12Royal Bank of Scotland
23Barclays Capital
31JP Morgan
4-HSBC
5-BNP Paribas
Best Arranger of Project Financing
20032002
1-Crédit Agricole Indosuez
21Royal Bank of Scotland
34HSBC
46BNP Paribas
52SG
Best Arranger of Loans for Financial Institutions
20032002
11BayernLB
22WestLB
3-Royal Bank of Scotland
43Danske Bank
54Bank of Tokyo-Mitsubishi
Best Arranger of Loans for Corporates
20032002
15=Royal Bank of Scotland
23JP Morgan
34HSBC
42Citigroup
55=BNP Paribas
Best Arranger of Western European Loans
1Citigroup
2Barclays Capital
3=JP Morgan
3=BNP Paribas
5Royal Bank of Scotland
Best Arranger of UK Loans
1Royal Bank of Scotland
2Barclays Capital
3HSBC
4Lloyds TSB
5Citigroup
Best Arranger of Nordic Loans
1Nordea
2SEB
3Handelsbanken
4Danske
5ABN
Best Arranger of Russian Loans
1Citigroup
2ING
3ABN Amro
4SG
5Standard Bank
Best Arranger of Eastern European Loans
20032002
14Citigroup
23HVB
32ING
41RZB
5-Bank Austria
Best Arranger of Turkish Loans
1Bank of Tokyo-Mitsubishi
2WestLB
3Standard Chartered
4ABN Amro
5HVB
Best Arranger of Middle Eastern Loans
20032002
11Bank of Tokyo-Mitsubishi
23HSBC
35Gulf International Bank
4-SMBC
54Citigroup
Best Arranger of Latin American Loans
20032002
13JP Morgan
21Citigroup
34Bank of America
4-Barclays Capital
5=2BBVA
5=-Deutsche Bank
5=-ING
5=-Banco Santander Central Hispano
Worst LBO Loan
1Deutsche Bank
2JP Morgan
3UBS
4WestLB
5Mizuho
INSTITUTIONS, TRADERS AND BORROWERS
Most Impressive Venture Capital House/LBO Sponsor
20032002
11Permira
22CVC Capital Partners
34=BC Partners
46Cinven
5-Candover
Best Mezzanine Loan Arranger
1Intermediate Capital Group
2Credit Suisse First Boston
3Barclays Capital
4Royal Bank of Scotland
5Goldman Sachs
Best Mezzanine Loan Provider
1Intermediate Capital Group
2Goldman Sachs
3Royal Bank of Scotland
4Barclays Capital
5HBOS
Best Non-Bank Investor
1Prudential M&G
2Duke Street Capital
3Intermediate Capital Group
4Alcentra
5AIB
Best Law Firm in the Syndicated Loan Market
1Allen & Overy
2Clifford Chance
3Linklaters
4Denton Wilde Sapte
5Freshfields
Best Loan Trading House
1Deutsche Bank
2Bank of America
3JP Morgan
4HSBC
5CIBC
Best Rating Agency
1Standard & Poor's
2Moody's Investor Service
3Fitch Ratings
Most Impressive Borrower
1BMW
2Olivetti
3=Cadbury Schweppes
3=Daimler Chrysler
5Mitchells & Butlers/Six Continents
DEALS OF THE YEAR
Most Impressive Loan
1Olivetti / Telecom ItaliaEu15.5bnBanca Intesa, Barclays, BNP, HSBC, JPM, RBS, Unicredito
2BMW$7bnABN Amro, Barclays Capital, Deutsche Bank, Dresdner Kleinwort Wasserstein, JP Morgan and SG.
3Seat Pagine GialleEu3.2bnBarclays, BNP Paribas, CSFB, RBS
4Cadbury Schweppes$6.1bnBank of America, BNP, HSBC, Lloyds TSB, RBS
5VolkswagenEu10bn revolverABN Amro, Barclays, BNP Paribas, Citigroup, Commerzbank, CAI, DrkW, JPM
Best LBO Loan
1Seat Pagine GialleEu3.2bnBarclays, BNP Paribas, CSFB, RBS
2Valentia/ EircomEu1.4bnAIB, Bank of Ireland, Barclays, DB, Goldman Sachs, RBS
3BertelsmannEu1.07bnBarclays
4Materis£965mING
5Gala Clubs£805mCSFB, Merrill Lynch
Worst LBO Loan
1Linpac£728mDeutsche Bank
2SafiloEu950m equivalentCSFB, Sanpaolo IMI, UBM
3Travelodge£360mRoyal Bank of Scotland
4EVCEu200mDeutsche Bank, UBS
5TetraEu166.5m equivalentRoyal Bank of Scotland
Best Project Financing Loan
1Skynet 5£963m 15 yearsBNP Paribas, CIBC, HSBC
2Sohar Oil Refinery$645m 14 yearsArab Bank Group, ANZ, BTM, BNP, CAI, GIB, HSBC, Mizuho, SG, SMBC.
3Baku Tbilisi Ceyhan pipeline$1.2bnABN Amro, Citigroup, Mizuho, SG
4Metronet£1.62mAbbey National, CIBC, DB, RBS
5Qatar Vinyl Company (QVC)$460mBarclays Capital, BNP Paribas, Dohar, GIB, ING, Mashreqbank, Natexis, Qatar National Bank, SG, SMBC, Standard Chartered
Best Emerging Market Loan
1Sonangol$1.2bn 5 ? 1/2 year term loanAfrican Merchant Bank, BNP Paribas, Natexis Banques Populaires, SG
2Cesky TelekomEu800m one and five year revolvers and term loanBank Austia Creditanstalt, Citigroup, JP Morgan, KBC, Sanpaolo IMI
3Lukoil$500m five and seven year trade finance facilitiesABN Amro, Citigroup
4Ghana Cocoa Board$650m 364 day trade finance facilityBarclays Capital, Natexis Banques Populaires, Royal Bank of Scotland, Standard Chartered
5=Republic of HungaryEu500m five year term loanBNP Paribas, KBC, SMBC, WestLB
5=South African Reserve Bank$1bn three year term loanBank of Tokyo-Mistubishi, Barclays Capital, BayernLB, BNP Paribas, Citigroup, Commerzbank, Crédit Agricole Indosuez, Dresdner Kleinwort Wasserstein, HSBC, ING, JP Morgan, Mizuho, Standard Bank, Standard Chartered, SMBC, WestLB
Best Russian Loan
1Lukoil$765m five and seven year trade finance facilitiesABN Amro, Citi
2Yukos$1bn three and five year acquisition facilitiesCitigroup, Commerzbank, Crédit Lyonnais, Deutsche Bank, HSBC, ING, SG
3=Rosneft$500m 4-1/2 year term loanABN Amro, Commerzbank, Deutsche Bank, Dresdner Kleinwort Wasserstein, KBC, Natexis Banques Populaires
3=Gazprom$215m unsecured two year term loanWestLB
5Tyumen Oil Co (TNK)$400m 364 day term loanCitigroup, ING, SG
Best Turkish Loan
1Türkiye Garanti BankasiEu400m 364 day term loanBank of Tokyo-Mitsubishi, Mizuho, SMBC
2Akbank$350m 364 day term loanDeutsche Bank, HSBC, WestLB
3Turk ExIm Bank$100m 364 day term loanABN Amro, Bank of Tokyo-Mitsubishi, WestLB
4=Isbank$300m 364 day term loanBank of Tokyo-Mitsubishi, HVB Group, RZB, UFJ
4=Vestel$80m letter of credit facilityABN Amro
Best UK Loan
1=Cadbury Schweppes$6.1bn one, three and five year acquisition facilitiesBank of America, BNP Paribas, HSBC, Lloyds TSB, Royal Bank of Scotland
1=Yell£1.25bn five year term loan and revolverABN Amro, HSBC
3Six Continents£3bn 364 day bridge facilityBarclays Capital, Citigroup, HSBC, JP Morgan, Royal Bank of Scotland
4Marks & Spencer£1.25bn three year revolverBNP Paribas, Citigroup, Deutsche Bank, HSBC, Morgan Stanley, Royal Bank of Scotland
5=Smith & Nephew$2.1bn one, three, and five year acquisition facilitiesLloyds TSB, Royal Bank of Scotland
5=Taylor Woodrow£950m one and five year acquisition facilitiesHSBC
Best Western European Loan
1Olivetti / Telecom ItaliaEu15.5bn merger financingBanca Intesa, Barclays Capital, BNP Paribas, HSBC, JP Morgan, Royal Bank of Scotland, Unicredito
2BMW$7bn one and five year facilitiesABN Amro, Barclays Capital, Deutsche Bank, Dresdner Kleinwort Wasserstein, JP Morgan, SG
3Seat Pagine GialleEu3.2bn leveraged buy-outBarclays Capital, BNP Paribas, Credit Suisse First Boston and Royal Bank of Scotland
4=FiatAvioEu1.33bn leveraged buy-outCitigroup, Goldman Sachs, Lehman Brothers
4=France TélécomEu5bn three year revolverABN Amro, Barclays Capital, BNP Paribas, CDC IXIS, Citigroup, Crédit Agricole Indosuez, Crédit Lyonnais, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC, JP Morgan, Natexis Banques Populaires, Royal Bank of Scotland, SG, WestLB
Worst LBO Loan
1Reuters£1bnHSBC, JP Morgan
2Linpac£728mDeutsche Bank
3Yukos$1bnCitigroup, Commerzbank, Crédit Lyonnais, Deutsche Bank, HSBC, ING, SG
4Empresa Nacional de AutopistasEu1.65bnACF, BBVA, CAI, SCH
5=Autostrade per l'Italia (Newco 28)Eu8bnBarclays, Crédit Lyonnais, La Caixa, Mediobanca, UBM
5=Hays£300mBarclays, Lloyds TSB
  • 06 Jan 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 298,805.91 1181 8.14%
2 Barclays 268,207.66 919 7.30%
3 Citi 262,519.94 1020 7.15%
4 Deutsche Bank 259,366.94 1042 7.06%
5 Bank of America Merrill Lynch 253,285.00 906 6.90%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Deutsche Bank 50,391.33 134 7.40%
2 BNP Paribas 47,024.00 196 6.90%
3 Citi 37,662.62 104 5.53%
4 HSBC 32,812.42 174 4.82%
5 Credit Agricole CIB 32,328.17 135 4.75%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 24,215.02 117 9.07%
2 Goldman Sachs 23,224.16 78 8.70%
3 Deutsche Bank 20,943.82 79 7.85%
4 UBS 20,462.41 83 7.67%
5 Bank of America Merrill Lynch 19,151.02 70 7.17%