Barclays restructures £5bn Lobo loans portfolio

Barclays has restructured a book of controversial local authority and housing association loans to waive its rights to amend the interest rates on the loans at given periods.

  • By Max Bower
  • 20 Jun 2016

It is understood the total size of the Barclays loan book is around £5bn.

The book comprises over 100 Lender Option Borrower Option (Lobo) loans. These loans allow the lender to amend the interest rate on the facility at a certain time, and the borrower to fully repay ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 364,464.18 1046 10.84%
2 Bank of America Merrill Lynch 334,196.00 1065 9.94%
3 Citi 195,851.99 583 5.82%
4 Wells Fargo Securities 187,651.25 696 5.58%
5 MUFG 140,476.30 902 4.18%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,291.43 13 7.47%
2 Citi 4,999.84 14 7.06%
3 JPMorgan 4,763.03 12 6.72%
4 Mizuho 4,566.75 13 6.45%
5 Sumitomo Mitsui Financial Group 4,158.05 8 5.87%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,684.16 83 7.43%
2 Credit Agricole CIB 13,287.71 61 5.92%
3 Deutsche Bank 12,890.62 50 5.74%
4 Goldman Sachs 12,767.85 54 5.68%
5 UniCredit 11,414.29 66 5.08%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 43,227.81 174 7.06%
2 JPMorgan 38,825.76 78 6.34%
3 Credit Agricole CIB 33,071.14 158 5.40%
4 UniCredit 32,366.25 145 5.29%
5 SG Corporate & Investment Banking 31,330.98 120 5.12%

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%