Two lenders win big in $74bn BMS Celgene merger

The US’s Bristol-Myers Squibb (BMS) has picked two banks to provide the debt portion of its $74bn acquisition of biotech firm Celgene, in one of the biggest pharmaceuticals mergers in recent years.

  • By Mike Turner
  • 03 Jan 2019

Morgan Stanley and MUFG have provided fully committed debt financing for the acquisition, announced on Thursday. 

The US bank is also lead financial adviser to BMS on the deal, with Evercore and Dyal Co also advisers. JP Morgan and Citigroup are advising Celgene.

The deal values Celgene at $102.43 a ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 188,473.53 485 11.46%
2 Bank of America Merrill Lynch 169,523.74 530 10.31%
3 Citi 104,172.93 305 6.34%
4 Wells Fargo Securities 93,641.03 345 5.70%
5 Mizuho 77,718.73 343 4.73%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Standard Chartered Bank 2,711.00 8 10.61%
2 First Abu Dhabi Bank 2,481.46 9 9.71%
3 Citi 1,786.67 6 6.99%
4 MUFG 1,499.82 6 5.87%
5 Sumitomo Mitsui Financial Group 1,489.50 4 5.83%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 5,789.90 38 7.23%
2 Credit Agricole CIB 5,356.91 28 6.69%
3 Deutsche Bank 5,287.08 28 6.60%
4 JPMorgan 5,144.14 22 6.43%
5 Goldman Sachs 4,189.40 23 5.23%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Credit Agricole CIB 23,205.24 91 7.83%
2 BNP Paribas 22,856.10 93 7.71%
3 Bank of America Merrill Lynch 17,912.30 51 6.04%
4 JPMorgan 15,832.35 43 5.34%
5 UniCredit 13,242.71 72 4.47%

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%