Mixed reaction for first blockchain loan

Spain’s Red Electrica Corporation has signed the first ever syndicated loan on a blockchain, though some loans officials away from the deal question how useful the technology will be in its goal of reducing transaction times.

  • By Mike Turner
  • 12 Nov 2018

BBVA, BNP Paribas and MUFG provided the €150m financing via BBVA’s proprietary platform. 

“BBVA is simplifying the processes related to corporate financing and is betting on the use of new technologies, like blockchain, to digitise loan negotiations and contracting,” said Ricardo Laiseca, head of global finance at the bank.

However, ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 449,612.92 1304 10.71%
2 Bank of America Merrill Lynch 407,443.65 1306 9.71%
3 Citi 256,366.20 746 6.11%
4 Wells Fargo Securities 230,982.01 857 5.50%
5 MUFG 185,010.72 1047 4.41%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 6,650.55 13 7.03%
2 Citi 6,641.47 21 7.02%
3 JPMorgan 6,612.85 15 6.99%
4 HSBC 6,299.76 16 6.66%
5 Mizuho 5,728.41 17 6.06%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,416.85 91 7.59%
2 JPMorgan 16,386.55 57 6.40%
3 Deutsche Bank 15,760.57 59 6.16%
4 Credit Agricole CIB 14,532.27 68 5.68%
5 Goldman Sachs 14,155.41 61 5.53%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,411.81 205 6.53%
2 JPMorgan 46,311.15 105 6.25%
3 UniCredit 40,595.43 182 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.14%

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%