Europe’s levloan lenders must compete harder with US

European leveraged loan investors have long been more conservative than their US counterparts, insisting on stricter terms and wider pricing. But with European borrowers crossing the Atlantic to issue loans, lenders in Europe need to grow more flexible or lose out to US rivals.

  • By Olivier Holmey
  • 25 Oct 2013

The past two weeks have jolted many participants in Europe's leveraged finance market. Deals such as Britax and WorldPay showed investors in Europe that some corporate issuers are all too happy to leave their home markets to achieve the best deals.

Britax, the UK car seat manufacturer, issued ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,126.76 346 12.85%
2 Bank of America Merrill Lynch 99,988.41 288 10.70%
3 Wells Fargo Securities 88,516.28 265 9.47%
4 JPMorgan 69,113.88 208 7.39%
5 Credit Suisse 51,313.00 155 5.49%