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 Bank of America Merrill Lynch 114,108.12 348 10.84%
2 JPMorgan 112,356.29 329 10.67%
3 Mitsubishi UFJ Financial Group 58,792.62 409 5.59%
4 Citi 57,999.21 184 5.51%
5 Wells Fargo Securities 49,810.02 232 4.73%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,550.00 4 10.57%
2 JPMorgan 2,426.50 4 10.06%
3 Standard Chartered Bank 2,273.16 5 9.42%
4 Mizuho 2,238.89 4 9.28%
5 HSBC 2,100.00 4 8.71%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 5,236.90 23 6.25%
2 Goldman Sachs 5,129.09 18 6.12%
3 UniCredit 5,090.85 26 6.08%
4 Barclays 5,053.31 13 6.03%
5 BNP Paribas 4,910.75 20 5.86%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,423.32 23 9.47%
2 SG Corporate & Investment Banking 14,215.71 38 6.59%
3 Deutsche Bank 13,118.70 35 6.08%
4 Bank of America Merrill Lynch 12,117.87 27 5.62%
5 Citi 11,366.88 31 5.27%

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%