Syndicated loan market facing most challenges in memory

The European syndicated loan market is facing an unprecedented amount of structural challenges in 2018, leaving market participants unsure what the usually stalwart corner of the financial sector might look like by the end of the year.

  • By Michael Turner
  • 13 Feb 2018

Three events have the potential to fundamentally change the way the European loan market works, market participants have warned this week. These are the end of the Libor benchmark, the anti-trust review that the European Commission is now undertaking, and the outcome of Brexit.

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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 28,625.39 115 10.40%
2 JPMorgan 24,763.63 101 9.00%
3 Citi 16,964.50 59 6.16%
4 Wells Fargo Securities 16,553.79 82 6.01%
5 Deutsche Bank 13,938.61 36 5.06%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UOB 388.89 1 11.11%
1 Sumitomo Mitsui Financial Group 388.89 1 11.11%
1 Standard Chartered Bank 388.89 1 11.11%
1 Mizuho 388.89 1 11.11%
1 Mitsubishi UFJ Financial Group 388.89 1 11.11%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,565.51 5 8.52%
2 Citi 1,439.08 6 7.83%
3 Credit Suisse 1,240.24 4 6.75%
4 Deutsche Bank 1,035.28 3 5.63%
5 ING 1,017.89 3 5.54%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 9,359.72 13 13.34%
2 SG Corporate & Investment Banking 7,508.63 11 10.70%
3 Goldman Sachs 5,773.27 11 8.23%
4 Citi 4,606.54 14 6.57%
5 Credit Agricole CIB 3,259.14 12 4.64%

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%