Small syndications key amid banks’ price uncertainty

Ballooning bank funding costs and fears over the future health of Europe have injected a dangerous dose of uncertainty into Asia’s loan market. While this has caused some banks to trigger market disruption clauses in their loans contracts, most bankers think that is unlikely to happen en masse. Smaller deals, and limited syndications, will define the rest of the year.

  • 05 Oct 2011

European banks have seen their funding costs soar over the last few months, and loans bankers now say it is hard for

them to set realistic minimum prices for new lending. That could cull volumes in the market for the rest of the year.

"The way funding costs are ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%