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  • McKay Securities moves to syndicated borrowing

    The UK’s McKay Securities has signed a £180m revolving credit facility, with the office and industrial REIT switching its bilateral loans for a bigger syndicated deal.

    • 08 Apr 2019
  • SSP returns to US PP mart with scant Brexit premium

    SSP, the UK food and drinks retail operator, has sold US private placements (US PP) via Barclays and Bank of America. Pricing was similar to its PP debut last year, market participants said, which is a sign that, for the right UK credit, the market remains stable amid the Brexit storm.

    • 21 Mar 2019
  • Aberdeen and Leicester unis set to raise US PP notes

    The universities of Aberdeen and Leicester are marketing US private placements (US PP), it is understood, both of which willl be inaugural transactions.

    • 31 Jan 2019
  • Tight Nat Grid print shows UK demand remains high

    The day after the UK government mandated Teresa May to go to Brussels and renegotiate the country’s exit agreement with the European Union, the UK electricity transmission company National Grid tested investors’ appetites for UK assets and found a host of willing buyers without having to offer much of a premium.

    • 30 Jan 2019
  • UK banks squeeze out rush of risk transfer trades before year-end

    UK banks printed a flurry of risk transfer securitizations just before the end of last year, hedging portfolios of corporate credit and commercial real estate totalling more than $8.5bn-equivalent.

    • 03 Jan 2019

Latest market news

  • McKay Securities moves to syndicated borrowing

    The UK’s McKay Securities has signed a £180m revolving credit facility, with the office and industrial REIT switching its bilateral loans for a bigger syndicated deal.

    • 08 Apr 2019
  • VW pounces for €2.75bn after carmakers rally

    Europe’s most prolific corporate bond issuer re-entered the market on Monday for its second multi-tranche deal of the year, and issued €2.75bn, slightly more than at its €2.5bn outing in January. The book for Volkswagen Financial Services’ three tranche issue was somewhat smaller this time, however.

    • 28 Mar 2019
  • Pipeline erupts as Lloyds, Morgan Stanley announce refi of crisis-era Dutch RMBS

    Delft is issuing a €141.44m Dutch RMBS, Delft 2019 B.V., via arranger Morgan Stanley, as the primary European securitization market springs to life in the last days of the quarter.

    • 28 Mar 2019
  • SSP returns to US PP mart with scant Brexit premium

    SSP, the UK food and drinks retail operator, has sold US private placements (US PP) via Barclays and Bank of America. Pricing was similar to its PP debut last year, market participants said, which is a sign that, for the right UK credit, the market remains stable amid the Brexit storm.

    • 21 Mar 2019
  • UK trio hit covered bonds as Brexit woes recede

    Lloyds Bank and National Westminster Bank issued exceptionally well subscribed covered bonds respectively in euros and sterling on Monday as Virgin Money announced roadshow plans for its debut deal. The three borrowers took advantage of the UK Parliamentary vote to avert a ‘no deal’ Brexit.

    • 18 Mar 2019

Lloyds Banking Group In The Key League Tables

Asset Rank STLY Amount $m No of issues Share % STLY Share %
  • Last updated
  • 16 Apr 2019
Bookrunners of Global Structured Finance 25 24 2,044.20 8 0.81% 0.65%
Syndicated Loan Revenue - EMEA 18 18 9.57 18 1.81% 1.69%
All Sterling Bonds 10 5 2,861.49 19 4.28% 8.38%
Bookrunners of Global Covered Bonds 16 21 2,648.75 11 2.45% 1.71%
Bookrunners of Euro Denominated Covered Bond Above €500m 19 30 994.85 3 1.71% 0.67%
Bookrunners of European Structured Finance 9 10 725.62 2 4.14% 3.72%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 132,387.73 545 8.30%
2 Citi 123,981.47 487 7.78%
3 Bank of America Merrill Lynch 105,093.26 413 6.59%
4 Barclays 99,545.40 383 6.24%
5 HSBC 81,053.20 424 5.08%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 11,525.35 30 7.25%
2 BNP Paribas 8,422.96 46 5.30%
3 UniCredit 8,389.55 43 5.28%
4 Deutsche Bank 8,298.69 30 5.22%
5 Commerzbank Group 7,837.68 40 4.93%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 4,425.28 19 11.23%
2 Goldman Sachs 4,006.06 15 10.17%
3 Citi 3,527.84 22 8.95%
4 JPMorgan 2,809.08 19 7.13%
5 UBS 2,241.39 12 5.69%