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 JPMorgan 216,446.31 621 10.69%
2 Bank of America Merrill Lynch 208,408.49 641 10.29%
3 Wells Fargo Securities 112,916.28 436 5.57%
4 Citi 109,322.33 357 5.40%
5 Mitsubishi UFJ Financial Group 92,282.69 535 4.56%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,254.08 7 8.82%
2 JPMorgan 2,930.58 6 7.94%
3 Standard Chartered Bank 2,826.60 7 7.66%
4 Mizuho 2,550.67 5 6.91%
5 HSBC 2,341.67 5 6.35%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 9,214.95 32 6.94%
2 Credit Agricole CIB 9,005.35 34 6.78%
3 Deutsche Bank 7,673.16 25 5.78%
4 Goldman Sachs 7,228.76 27 5.44%
5 Barclays 7,034.84 23 5.30%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.28%
2 BNP Paribas 23,481.31 80 6.72%
3 Citi 19,694.20 52 5.64%
4 SG Corporate & Investment Banking 18,198.32 63 5.21%
5 Credit Agricole CIB 18,085.88 74 5.18%

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%