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 324,650.64 942 10.69%
2 Bank of America Merrill Lynch 302,911.36 968 9.98%
3 Citi 175,392.54 527 5.78%
4 Wells Fargo Securities 173,027.00 634 5.70%
5 MUFG 124,360.64 714 4.10%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 3,639.74 13 7.32%
2 Citi 3,471.92 10 6.98%
3 JPMorgan 3,173.44 8 6.38%
4 Mizuho 2,968.52 9 5.97%
5 Sumitomo Mitsui Financial Group 2,575.67 5 5.18%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,171.81 67 7.07%
2 Credit Agricole CIB 12,127.33 53 6.05%
3 Deutsche Bank 11,901.17 45 5.94%
4 Goldman Sachs 11,327.05 46 5.65%
5 UniCredit 10,733.06 63 5.35%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 34,133.57 140 6.41%
2 JPMorgan 32,550.71 62 6.11%
3 UniCredit 28,539.82 130 5.36%
4 SG Corporate & Investment Banking 28,297.17 109 5.32%
5 Deutsche Bank 26,254.12 90 4.93%

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%