Pre-Christmas rush to market as borrowers fear 2012 conditions

Several European borrowers have brought deals to the syndicated loans market in the last week before Christmas as fears grow about the potentially weak issuing conditions at the start of 2012.

  • 22 Dec 2011

GISA Netherlands, part of US firm Gerald Holdings, has launched a revolving credit facility of $150m through co-ordinators Natixis and Royal Bank of Scotland this week, while there is at least one other company waiting to launch a transaction before year end.

“Borrowers are finally realising that things ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%