Ires Reit activates acquisition accordion

Irish Residential Properties REIT (Ires Reit) has bumped up the size of its bank facility to €600m, as the residential rental accommodation investor moves ahead with an acquisition.

  • By Mike Turner
  • 13 Jun 2019

The borrower activated an accordion clause on its existing €400m facility to free up extra cash. The increased loan comes with an additional accordion clause for €50m.

Ires Reit agreed the initial loan in May this year when it refinanced an existing €350m bank facility. The borrower has ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 238,694.85 643 10.99%
2 Bank of America Merrill Lynch 227,018.92 704 10.46%
3 Citi 131,576.49 402 6.06%
4 Wells Fargo Securities 120,727.17 450 5.56%
5 MUFG 110,027.70 629 5.07%

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 BNP Paribas 7,151.10 53 6.42%
2 Deutsche Bank 6,886.84 39 6.18%
3 Goldman Sachs 6,877.67 36 6.18%
4 Credit Agricole CIB 6,659.77 36 5.98%
5 Barclays 6,209.03 28 5.58%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 31,283.69 132 7.81%
2 Credit Agricole CIB 27,347.56 115 6.83%
3 JPMorgan 23,350.32 62 5.83%
4 Bank of America Merrill Lynch 22,698.09 61 5.67%
5 UniCredit 19,891.92 110 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%