Asia Loan Distribution

  • 16 Jun 2004
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Captain: Jose Cortes, Barclays Capital
Jose Cortes established himself as a loan distributor at JP Morgan before his move to Barclays Capital in 2003.
While at JP Morgan, Cortes helped lay the foundations for the Asia Pacific leveraged buy-out financing market. The bank arranged the very first LBO in Asia, a $250m loan for Wong Circuits, and it initially arranged almost all the deals in Asia. JP Morgan has still done twice as many LBOs in Asia as its nearest competitor.
At Barclays, Cortes gained acclaim for putting together and gaining commitments for a $700m LBO for Yageo Corp, only to have Citigroup snatch it at the last minute by offering a quarter of the price. But Yageo still paid Barclays full fees for its work.
More recently he helped arrange a HK$3.3bn project financing for Hong Kong?s DisneyLand, and helped do several year?s pre-work for the eventual $600m Hanaro Telecom LBO in December 2003. Cortes also helped open up the Indian loan market.
In his three months gardening leave between JP Morgan and Barclays Capital, Cortes set up an African safari business with a couple of ex-investment banking friends. He is an enthusiastic photographer, which fits in well with the business.

John Corrin, Calyon
Since arriving at Calyon in December 2001 to head loan syndication for Asia, John Corrin has quickly ramped up the bank?s business volumes.
Crédit Lyonnais only did three loans in 2001, but in 2003 it arranged 58 transactions. The bank has done particularly well in getting loan mandates in India, Korea and Hong Kong.
Some of the bank?s most notable successes include a joint arranger position on Taiwan Broadband?s $300m refinancing in September 2003 and Japan Telecom?s LBO in October.
Before moving to Hong Kong, Corrin was a member of Crédit Lyonnais? European loan syndication team.

P Wa Tang, Citigroup
Wa Tang recently moved to Citigroup?s loan origination business covering China, Singapore and Thailand after heading the bank?s loan sales in Asia since 2001.
Tang joined Citigroup in 1994 and has helped the bank maintain its dominance in the Asian loan market.
He has also built the bank?s distribution team from scratch.
Recent highlights include China Unicom?s $500m issue early this year, the first time an indigenous Chinese borrower raised money in the international loan market. He also helped distribute GECC?s $18bn loan in 2002 and negotiated with two Chinese banks to participate for $1bn apiece.
Tang is married and enjoys golf.


TOP BANKS BY TEAM PLAYERS' INSTITUTION
Barclays Capital1
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  • 16 Jun 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 333,388.45 1292 8.11%
2 JPMorgan 324,697.38 1403 7.90%
3 Bank of America Merrill Lynch 298,038.11 1018 7.25%
4 Barclays 251,544.12 934 6.12%
5 Goldman Sachs 220,211.32 736 5.36%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,873.11 184 6.94%
2 JPMorgan 44,544.17 93 6.60%
3 UniCredit 36,560.82 157 5.42%
4 Credit Agricole CIB 33,820.44 161 5.01%
5 SG Corporate & Investment Banking 33,798.79 128 5.01%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,792.73 61 8.93%
2 Goldman Sachs 13,469.15 66 8.72%
3 Citi 9,908.67 56 6.42%
4 Morgan Stanley 8,471.86 53 5.49%
5 UBS 8,248.12 34 5.34%