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 166,716.65 482 11.14%
2 JPMorgan 158,226.59 457 10.57%
3 Wells Fargo Securities 83,141.43 311 5.55%
4 Citi 78,165.36 251 5.22%
5 Mitsubishi UFJ Financial Group 70,167.33 469 4.69%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,942.31 6 10.08%
2 JPMorgan 2,618.81 5 8.97%
3 Standard Chartered Bank 2,514.82 6 8.62%
4 HSBC 2,341.67 5 8.02%
5 Mizuho 2,238.89 4 7.67%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 6,104.35 21 6.44%
2 Credit Agricole CIB 6,017.39 25 6.35%
3 BNP Paribas 5,679.50 22 5.99%
4 UniCredit 5,441.24 29 5.74%
5 Barclays 5,256.27 14 5.54%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,941.92 30 9.52%
2 Citi 16,837.08 38 6.18%
3 SG Corporate & Investment Banking 15,661.30 47 5.75%
4 Deutsche Bank 14,193.64 44 5.21%
5 Bank of America Merrill Lynch 13,028.84 31 4.78%

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%