Russian loans become less secure as EM bankers’ get riskier

Banks have been dipping their toes back into the unsecured loan pool this year as their appetite for Russian credits has grown, three years after the annexation of Crimea. Alongside loan structures loosening, pricing has also dropped to near pre-sanction levels as the demand for deals outstrips supply.

  • By Bianca Boorer
  • 30 Nov 2017

On Monday, Russian paper company Ilim signed an unsecured deal for $500m with a four year tenor.

Raiffeisen Bank International and Intesa Sanpaolo arranged the facility. The syndicate was evenly split between European and Asian banks, with Crédit AgricoleICBCAgricultural Bank of ChinaBank of China, ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 7,202.75 26 16.24%
2 Wells Fargo Securities 5,766.74 23 13.00%
3 JPMorgan 4,410.83 16 9.95%
4 Citi 3,631.94 11 8.19%
5 BMO Capital Markets 2,540.39 5 5.73%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,140.74 13 10.18%
2 First Abu Dhabi Bank 4,461.18 18 8.84%
3 Citi 3,695.25 11 7.32%
4 Sumitomo Mitsui Financial Group 3,682.12 11 7.29%
5 Standard Chartered Bank 3,647.08 20 7.23%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,388.71 99 8.63%
2 BNP Paribas 22,463.54 135 6.38%
3 Deutsche Bank 17,970.47 100 5.10%
4 Goldman Sachs 17,954.81 74 5.10%
5 HSBC 16,143.35 101 4.58%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

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%