Latest investment grade loans news

  • Reckitt Benckiser cuts mustard with $4bn sale after $18bn Mead Johnson purchase

    US spices maker McCormick is initially funding the acquisition of Reckitt Benckiser’s US food business with a bridge loan, as Reckitt aims to cut debt after its purchase of Mead Johnson Nutrition.

    • 20 Jul 2017
  • Buzzi Unicem launches debut Schuldschein

    Italian cement and concrete group Buzzi Unicem launched a debut €250m triple tranche Schuldschein, with half of the intended volume directed at its German subsidiary, Dyckerhoff.

    • 18 Jul 2017
  • Blow to Schuldschein exuberance as Carillion staggers

    In just three days this week, Carillion, the UK construction and support services group, lost 70% of its value, prompting fears of a debt-to-equity swap. This anguish comes only five months after Carillion raised €112m in the Schuldschein market, which is unused to defaults, write Silas Brown and Jon Hay.

    • 13 Jul 2017
  • ‘Warning shot’ for Schuldschein market as Carillion heads for rights issue

    Carillion’s share price fell roughly 40% after bleak profit warnings on Monday, and another 33% on Tuesday. The UK outsourcing and construction company's tumble comes only five months after it successfully issued a €112m — confirming for some that the market has become too open to unsuitable borrowers.

    • 11 Jul 2017
  • Investors beg for let-up in Schuldschein pace

    The busiest first half to a year in the Schuldschein market’s history is over. Nearly 70 issuers — originating from Russia to the US — have managed to launch transactions so far. But, some traditional German lenders are begging for a return to the market’s more usual sedate pace, to allow more time for vital credit work. Silas Brown reports.

    • 06 Jul 2017
  • Two debut Schuldschein issuers close with heavy oversubscriptions

    The appetite of Schuldschein investors seems insatiable. Coming off the largest and busiest second quarter in the Schuldschein market's history, two non-German inaugural borrowers nearly doubled their funding targets on Tuesday.

    • 04 Jul 2017
  • Daimler, LBBW produce first Schuldschein on blockchain

    Daimler and Landesbank Baden-Württemberg launched on Wednesday the first Schuldschein issue to be sold using blockchain technology.

    • 29 Jun 2017
  • Lonza diversifies with dual currency Schuldschein

    Swiss life sciences firm Lonza launched a €300m debut Schuldschein on Monday, offering dollar and euro tranches to attract, among others, Singaporean, Malaysian and other Asian lenders looking to lend dollars.

    • 29 Jun 2017
  • Daimler, LBBW produce first Schuldschein on blockchain

    Daimler and Landesbank Baden-Württemberg have launched on Wednesday the first Schuldschein issue to be sold using blockchain technology.

    • 28 Jun 2017
  • Lonza diversifies with dual currency Schuldschein

    Lonza launched a €300m Schuldschein on Monday. The Swiss medical firm’s debut Schuldschein comes denominated in dollars and euros in a bid to, among other things, attract southeast Asian lenders, with natural dollar lending needs.

    • 26 Jun 2017

Investment grade loans news archive

Comment

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  • Short-sellers: Don’t shoot the messenger

    Short-sellers have become notorious in the Asian loan market, wreaking havoc on credits that banks were otherwise happy to lend to. But instead of wishing short-sellers away, lenders would do well to pay attention to the different perspective they bring to corporate credit.

    • 11 Jul 2017

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Capital markets data from GlobalCapital


all loans league tables

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jul 2017
1 Bank of America Merrill Lynch 208,332.47 710 10.52%
2 JPMorgan 188,050.79 655 9.49%
3 Citi 132,249.78 395 6.68%
4 Wells Fargo Securities 103,029.22 498 5.20%
5 Barclays 83,398.66 330 4.21%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 HSBC 3,571.16 8 17.75%
2 First Abu Dhabi Bank 2,478.55 8 12.32%
3 Citi 2,356.24 6 11.71%
4 JPMorgan 1,463.08 3 7.27%
5 SG Corporate & Investment Banking 1,025.20 4 5.10%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jul 2017
1 BNP Paribas 10,842.91 57 6.39%
2 Goldman Sachs 10,585.91 37 6.24%
3 JPMorgan 9,783.62 40 5.77%
4 Deutsche Bank 8,799.90 51 5.19%
5 Credit Agricole CIB 8,327.15 45 4.91%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 HSBC 25,202.67 100 7.14%
2 Deutsche Bank 25,125.19 81 7.12%
3 Bank of America Merrill Lynch 21,836.07 58 6.18%
4 BNP Paribas 18,395.95 105 5.21%
5 Credit Agricole CIB 18,048.72 104 5.11%

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%