Merck and Pru bridges can’t span loans breach

The loan market used to pride itself on being the first port of call for any borrower wanting to fund an M&A deal. But that notion has been shattered over the last year and, judging by transactions from Prudential and Merck this week, is still some way off being realised again.

  • 05 Mar 2010
Loans bankers insist their market never came close to dying. Even in the horrible few months after Lehman Brothers’ collapse, syndicated loans were as resilient as any other product in the capital markets. To an extent, they were right. Thanks to innovation, mainly in the form of forward ...

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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 %
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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%