Dubai Aerospace Enterprise flies with international lenders

Dubai Aerospace Enterprise, the aircraft lessor 96% owned by state-controlled Investment Corp of Dubai, has closed a $720m loan with an international, rather than regional, syndicate, as Gulf borrowers continue to pivot away from local financing.

  • By Mariam Meskin
  • 15 Nov 2018

The five year unsecured revolving credit facility was signed with nine banks based in the US, Europe and Asia, DAE announced on Thursday.

In October, Moody’s upgraded DAE’s unsecured rating from Ba3 to Ba2, and KBRA gave DAE its first ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 437,447.77 1266 10.86%
2 Bank of America Merrill Lynch 391,915.03 1262 9.73%
3 Citi 248,091.66 723 6.16%
4 Wells Fargo Securities 224,698.02 835 5.58%
5 MUFG 178,471.81 1027 4.43%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,612.85 15 7.24%
2 HSBC 6,299.76 16 6.90%
3 Sumitomo Mitsui Financial Group 6,070.55 12 6.65%
4 Citi 6,061.47 20 6.64%
5 Standard Chartered Bank 5,727.55 25 6.27%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,012.51 88 7.60%
2 JPMorgan 16,881.55 58 6.75%
3 Deutsche Bank 15,679.29 58 6.27%
4 Credit Agricole CIB 14,083.69 66 5.63%
5 Goldman Sachs 13,902.00 61 5.56%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,952.57 194 6.54%
2 JPMorgan 46,108.71 102 6.43%
3 UniCredit 39,106.98 168 5.45%
4 Credit Agricole CIB 36,670.04 182 5.11%
5 SG Corporate & Investment Banking 35,773.91 138 4.99%

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%