Top stories

  • Unibail goes beyond green bonds with €650m loan, hopes to do more

    Unibail-Rodamco has signed today its green loan, one of the first syndicated facilities to offer the borrower a pricing benefit if it hits sustainability targets. The loan was increased twice in syndication after being oversubscribed, from €500m to €600m and then to €650m.

    • 21 Apr 2017

  • Green loans sprout as Philips joins Unibail

    Hard on the heels of Unibail-Rodamco’s ground-breaking green loan, believed to be the first large corporate financing to give the borrower a pricing benefit if it hits sustainability targets, Koninklijke Philips, the Dutch health technology group, has signed a similar €1bn loan linked to its sustainability rating, writes Jon Hay.

    • 20 Apr 2017
  • Croatia fin min accused of Agrokor conflict

    The Social Democratic Party of Croatia filed a motion in parliament on Thursday to depose the minister of finance, Zdravko Marić, alleging a conflict of interest with decisions related to the defaulting food company Agrokor, Croatia's largest private company.

    • 20 Apr 2017
  • Top of levloan market called as Micro Focus leans on dollars

    A strange and, until recently, rare phenomenon has been witnessed in the leveraged loan market — pricing widening on deals. On Thursday Micro Focus chose only the minimum amount for the euro tranche within its $5.5bn loan package, prompting whispers among some observers that this hitherto red-hot market may have found its floor, and even rebounded off it.

    • 21 Apr 2017
  • Sberbank pulls out of new Agrokor loan

    Agrokor’s biggest creditor Sberbank has refused to be part of its additional funding, initially set for up to €150m, not long after it lost control of the restructuring.

    • 19 Apr 2017
  • Bahrain’s Bank ABC closes Albaraka Turk deal with another two in pipeline

    Bank ABC has successfully closed a $213m syndicated loan to Albaraka Türk Bank and launched another two new deals on Wednesday.

    • 20 Apr 2017
  • Euro Garages repricing a 'big test' for levloan market

    UK forecourt operator Euro Garages held a lender call this morning for a repricing request on its £250m and €585m term loans, a deal one investor on Thursday said was a potential barometer of where market pricing now is.

    • 20 Apr 2017
  • Metalloinvest to sign $1bn PXF facility

    Russian steel and iron ore firm Metalloinvest has agreed terms for a $1.05bn pre-export finance facility (PXF) with a syndicate of banks.

    • 20 Apr 2017
  • Ülker bags $375m in second oversubscribed deal

    Turkish food manufacturer Ülker has closed a $375m loan from 12 banks, marking the first corporate deal since the attempted military coup last year.

    • 18 Apr 2017
  • Misys leaves IPO in rear view mirror with $5.35bn loan deal

    Misys, the UK financial software firm, held bank meetings on Tuesday in London for a €1bn term loan to back its $3.6bn-equivalent acquisition of D+H, a Canadian competitor, following sponsor Vista Equity Partners’ failed IPO of the UK firm last year.

    • 18 Apr 2017
  • Aluminium Bahrain seals $700m export credit facility

    Aluminium Bahrain (Alba) has closed a $700m export credit facility to finance its Line 6 expansion project.

    • 18 Apr 2017
  • State to decide what suppliers, lenders recover from Agrokor

    Moody’s has cut Agrokor’s rating from Caa1 to Caa2, a mere fortnight after lowering it from B3, as the possibility of default rises.

    • 11 Apr 2017
  • Deutsche's global chairman of M&A leaves

    The chairman of global mergers and acquisitions at Deutsche Bank has left the bank.

    • 12 Apr 2017

The GlobalCapital View logo   Comment

  • South Africa shouldn’t take tips from Trump

    The Treasury of South Africa has taken to Twitter to save its investment grade status. But adopting a Donald Trump approach to global communication, while passing responsibility for its credit rating to its citizens, does nothing to help South Africa’s credibility.

    • 04 Apr 2017

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   Loan Ranger

  • Loan Ranger: Christmas spirits

    The holiday season kicked off at the Loan Syndicate Managers’ Forum’s carol concert in London last week and, as usual, Canon David Parrott delighted the crowd with another lively sermon — though one banker risked life and limb by questioning the quality of the drinks served at the Commerzbank reception...

    • 19 Dec 2016

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Apr 2017
1 Bank of America Merrill Lynch 110,124.59 368 11.31%
2 JPMorgan 88,729.79 307 9.11%
3 Wells Fargo Securities 50,462.39 240 5.18%
4 Citi 50,454.16 186 5.18%
5 Deutsche Bank 49,616.52 167 5.10%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Apr 2017
1 Bank of America Merrill Lynch 110,124.59 368 11.31%
2 JPMorgan 88,729.79 307 9.11%
3 Wells Fargo Securities 50,462.39 240 5.18%
4 Citi 50,454.16 186 5.18%
5 Deutsche Bank 49,616.52 167 5.10%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 HSBC 2,975.00 4 34.14%
2 Citi 1,851.69 3 21.25%
3 JPMorgan 1,463.08 3 16.79%
4 China Construction Bank Corp - CCB 700.00 1 8.03%
5 National Bank of Abu Dhabi PJSC 325.73 2 3.74%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 5,003.18 13 8.74%
2 Deutsche Bank 4,881.33 25 8.53%
3 JPMorgan 4,826.81 11 8.44%
4 Bank of America Merrill Lynch 4,337.47 13 7.58%
5 BNP Paribas 3,160.34 16 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Bank of America Merrill Lynch 18,126.24 25 13.31%
2 Deutsche Bank 16,961.98 26 12.46%
3 HSBC 13,854.03 26 10.17%
4 JPMorgan 5,343.18 17 3.92%
5 Citi 5,119.67 16 3.76%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%