European TLBs surge — and shift to dollar

Institutional investor demand in Europe is driving a rise in the volume and number of term loan ‘B’s, with US dollars now the currency of choice. Term loan ‘A’ deals, meanwhile, are stagnating.

  • 24 May 2013

The European TLB market has reached its highest volume since 2007, continuing the upward trend that has been seen since its low point in 2009, according to research by data provider Dealogic.

Volumes have reached $24.8bn through 37 tranches so far this year, the highest level for this ...

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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%