Nigeria loan market prospects divide opinion

Pessimism hangs over Nigeria's chances of entering the loan market in 2019 as the country battles an economic slowdown, a commodity slump and political uncertainty. But not all loans bankers are so glum about the chances of Africa's most populous nation and biggest oil producer raising debt from international financiers.

  • By Mariam Meskin
  • 07 Jan 2019

Nigeria's corporate sector, its financial institutions and the sovereign itself all executed loans in 2018, raising billions of dollars of financing from international lenders. 

In June, Access Bank raised an oversubscribed $158m loan and chemical fertiliser company

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 502.50 3 28.45%
2 JPMorgan 312.50 1 17.69%
2 Deutsche Bank 312.50 1 17.69%
2 Citi 312.50 1 17.69%
5 TD Securities Inc 153.97 1 8.72%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 7,774.19 33 7.34%
2 HSBC 7,434.76 18 7.02%
3 First Abu Dhabi Bank 7,164.47 27 6.76%
4 Sumitomo Mitsui Financial Group 6,785.55 14 6.41%
5 Citi 6,751.47 22 6.37%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,001.21 100 7.74%
2 JPMorgan 16,658.31 60 6.14%
3 Deutsche Bank 16,649.26 62 6.14%
4 Credit Agricole CIB 15,938.92 80 5.87%
5 UniCredit 14,262.92 85 5.26%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 56,309.38 235 6.78%
2 Credit Agricole CIB 50,053.55 239 6.03%
3 JPMorgan 46,785.38 108 5.63%
4 UniCredit 45,665.76 207 5.50%
5 SG Corporate & Investment Banking 43,321.52 173 5.22%

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%