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 JPMorgan 240,565.04 649 11.00%
2 Bank of America Merrill Lynch 230,518.39 714 10.54%
3 Citi 133,432.02 406 6.10%
4 Wells Fargo Securities 121,470.04 454 5.55%
5 MUFG 110,138.07 632 5.03%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,579.59 9 9.31%
2 Standard Chartered Bank 3,038.82 11 7.90%
3 First Abu Dhabi Bank 2,978.95 13 7.74%
4 BNP Paribas 2,705.06 6 7.03%
5 Citi 2,288.85 10 5.95%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,350.79 41 6.52%
2 Goldman Sachs 7,236.80 38 6.42%
3 BNP Paribas 7,151.10 53 6.34%
4 Credit Agricole CIB 6,744.91 37 5.98%
5 Barclays 6,209.03 28 5.51%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 31,351.09 133 7.76%
2 Credit Agricole CIB 27,432.69 116 6.79%
3 JPMorgan 23,350.32 62 5.78%
4 Bank of America Merrill Lynch 22,852.01 62 5.65%
5 UniCredit 20,250.58 112 5.01%

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%