Three follow Akbank into Turkish refi season

Garanti Bank, Turk Eximbank and Ziraat Bank have begun refinancing one year loans, according to two loans bankers. Pricing is said to be in line with Akbank, which launched a refinancing in early February.

  • By Mariam Meskin, Silas Brown
  • 12 Mar 2019

Bank of America, Emirates NBC, ICBC and Standard Chartered co-ordinated Akbank’s $600m-equivalent transaction, which was priced at 250bp over Libor and 240bp over Euribor.

This was some 25bp inside its previous refinancing in September. That level had widened thanks to a diplomatic spat between Turkey and the ...

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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 9.39%
2 Standard Chartered Bank 3,038.82 11 7.97%
3 First Abu Dhabi Bank 2,978.95 13 7.81%
4 BNP Paribas 2,705.06 6 7.09%
5 Citi 2,288.85 10 6.00%

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 7.80%
2 Credit Agricole CIB 27,347.56 115 6.80%
3 JPMorgan 23,350.32 62 5.81%
4 Bank of America Merrill Lynch 22,838.09 62 5.68%
5 UniCredit 19,966.03 111 4.97%

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%