EGPC bounces back into market, launches syndication

Egyptian General Petroleum Corporation (EGPC), a frequent borrower in the loan market, launched syndication for a $400m five year term loan on Tuesday. The loan, which will have a government guarantee, is expected to attract healthy demand.

  • By Mariam Meskin
  • 02 Jul 2019

First Abu Dhabi Bank is leading the transaction, acting as mandated lead arranger, bookrunner and facility agent. Syndication was launched today, according to bankers, and is expected to close in coming weeks.

EGPC is one of the more frequent Egyptian borrowers in the syndicated loan market. In late 2018, ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 208,497.35 553 11.27%
2 Bank of America Merrill Lynch 187,534.33 591 10.14%
3 Citi 115,328.79 345 6.23%
4 Wells Fargo Securities 101,733.60 377 5.50%
5 MUFG 99,613.32 569 5.38%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,299.26 7 9.41%
2 Standard Chartered Bank 3,013.82 10 8.60%
3 First Abu Dhabi Bank 2,953.95 12 8.43%
4 BNP Paribas 2,737.23 6 7.81%
5 Citi 2,083.52 9 5.94%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,589.28 27 6.64%
2 Goldman Sachs 5,310.66 28 6.31%
3 Credit Agricole CIB 4,996.05 29 5.93%
4 BNP Paribas 4,989.41 40 5.93%
5 Deutsche Bank 4,671.96 29 5.55%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 27,275.91 109 7.92%
2 Credit Agricole CIB 25,517.00 104 7.41%
3 JPMorgan 21,834.93 53 6.34%
4 Bank of America Merrill Lynch 21,222.68 53 6.16%
5 SG Corporate & Investment Banking 16,639.52 78 4.83%

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%