High grade names bet on evergreen loan conditions

Investment grade borrowers have taken their feet off the early refinancing pedal, as they bet that benign loan market conditions will continue despite the upheaval expected in the bond markets in the coming months.

  • By Mike Turner
  • 19 Mar 2018

Loans bankers were left scratching their heads on Monday as the recent rush of early refinancing facilities with five year plus two one year maturity extensions appears to have slowed to a crawl.

“I’m wondering where the market is going from here,” said one loans banker. “I’m seeing some ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 271,117.03 741 11.00%
2 Bank of America Merrill Lynch 240,707.78 783 9.77%
3 Citi 147,888.64 440 6.00%
4 Wells Fargo Securities 131,650.61 513 5.34%
5 Mitsubishi UFJ Financial Group 105,283.43 602 4.27%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 3,844.39 11 8.66%
2 Citi 3,454.07 9 7.78%
3 JPMorgan 3,130.58 7 7.05%
4 Mizuho 2,575.67 6 5.80%
5 HSBC 2,441.65 6 5.50%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 11,819.31 50 7.39%
2 Credit Agricole CIB 11,017.21 47 6.89%
3 Deutsche Bank 9,213.50 34 5.76%
4 HSBC 8,442.65 35 5.28%
5 UniCredit 8,427.21 49 5.27%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29,830.94 52 6.95%
2 BNP Paribas 28,159.68 110 6.56%
3 UniCredit 22,060.45 102 5.14%
4 Credit Agricole CIB 22,050.13 103 5.13%
5 SG Corporate & Investment Banking 21,979.64 84 5.12%

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%