Lev loan market vital for 2018 levfin jumbos

All-time low funding costs have sparked record gross issuance of leveraged finance debt in Europe this year, including a stream of multi-billion sized deals. More are coming, market participants say, and leveraged loan demand will be key for them.

  • By Victor Jimenez
  • 14 Dec 2017
“Big jumbo transactions can be the most exciting deals for the leveraged finance markets,” says Evangeline Lim, manager of the European leveraged finance portfolio at PineBridge Investments. “They also tend to be aggressively structured, however. But the European markets are in perfect shape to welcome more of them ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 5,236.90 23 6.23%
2 Goldman Sachs 5,129.09 18 6.11%
3 UniCredit 5,090.85 26 6.06%
4 Barclays 5,053.31 13 6.02%
5 BNP Paribas 4,910.75 20 5.85%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,239.67 23 7.93%
2 BNP Paribas 2,143.91 24 7.59%
3 Goldman Sachs 1,846.31 18 6.53%
4 Credit Suisse 1,759.77 17 6.23%
5 Morgan Stanley 1,511.02 10 5.35%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 10,227.77 76 10.21%
2 Citi 6,863.07 57 6.85%
3 Bank of America Merrill Lynch 6,835.41 64 6.82%
4 Barclays 6,719.90 48 6.71%
5 Goldman Sachs 6,171.81 49 6.16%