No loans please, we’re deleveraging

The loan market is trumpeting its return to health and renewed ability to finance big-ticket M&A business. But there will be few takers. Companies are set on deleveraging through equity issuance — leaving bank finance eclipsed for a good time yet.

  • 16 Jun 2009

Europe’s loan market has been stuck in capital-constrained purgatory for much of this year, and nowhere has the withdrawal of traditional sources of finance been more keenly felt than in the mergers and acquisitions business.

While companies’ increased use of bonds for takeovers has been well-documented, some acquirers have ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 3,791.99 12 14.96%
2 Wells Fargo Securities 3,713.91 14 14.65%
3 Citi 3,631.94 11 14.33%
4 JPMorgan 3,097.29 10 12.22%
5 Mitsubishi UFJ Financial Group 1,454.54 8 5.74%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,140.74 13 10.18%
2 First Abu Dhabi Bank 4,461.18 18 8.84%
3 Citi 3,695.25 11 7.32%
4 Sumitomo Mitsui Financial Group 3,682.12 11 7.29%
5 Standard Chartered Bank 3,647.08 20 7.23%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,388.71 99 8.62%
2 BNP Paribas 22,463.54 135 6.38%
3 Deutsche Bank 17,970.47 100 5.10%
4 Goldman Sachs 17,954.81 74 5.10%
5 HSBC 16,143.35 101 4.58%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%