ADO sets wider margins on SSD after Moody’s downgrade

ADO Properties has been downgraded by Moody’s while marketing a Schuldschein transaction, forcing the lead arrangers to issue “substantial repricings”, according to a Schuldschein player familiar with the deal.

  • By Silas Brown
  • 17 Oct 2018

BayernLB, BNP Paribas and HSBC are arranging the transaction for the Frankfurt listed company, which owns and manages residential properties in Berlin. They are seeking five, seven and 10 year fixed and floating rate notes.

Neither the original ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 111,814.38 255 12.60%
2 Bank of America Merrill Lynch 90,025.42 283 10.14%
3 Citi 54,834.78 172 6.18%
4 Mizuho 53,240.63 264 6.00%
5 MUFG 45,616.73 404 5.14%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 First Abu Dhabi Bank 2,213.69 5 11.29%
2 Standard Chartered Bank 1,909.62 6 9.74%
3 Citi 1,775.09 5 9.06%
4 African Export-Import Bank - Afreximbank 1,120.44 4 5.72%
5 SG Corporate & Investment Banking 844.06 3 4.31%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,134.09 17 7.61%
2 Goldman Sachs 2,807.00 13 6.82%
3 Bank of America Merrill Lynch 2,528.72 11 6.14%
4 Citi 2,239.46 7 5.44%
5 Credit Agricole CIB 2,223.61 14 5.40%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 11,525.35 30 7.19%
2 BNP Paribas 8,639.54 48 5.39%
3 UniCredit 8,606.13 45 5.37%
4 Deutsche Bank 8,298.69 30 5.18%
5 Commerzbank Group 7,837.68 40 4.89%

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%