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 ...

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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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%