Lenders face post-Libor administrative nightmare

Loans desks are facing an unprecedented administrative ordeal over the next two years, as there will likely be no way to swap sterling loans that reference Libor to a new benchmark rate on a wholesale basis.

  • By Mike Turner
  • 10 Jan 2019
This means that the around $2.5tr-equivalent of loans outstanding that are priced off of Euribor and Libor will probably need to have their documentation switched, one by one, to the new floating rate benchmark when the existing ones are phased out. Libor will no longer be used ...

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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%