Top stories

  • Cloetta finds sweet spot for its debt pile

    Swedish confectionery company Cloetta has amended and extended its existing euro and krona loans in an entirely Nordic banking affair, and also launched a commercial paper programme.

    • 19 Jun 2018
  • Irish Continental docks another debt facility

    Shipping company Irish Continental Group has signed an €80m financing facility with the European Investment Bank, with the financing coming soon after the company announced a spate of committed and uncommitted loans totaling €608m-equivalent. The ship it finances will be the largest cruise ferry in the world.

    • 19 Jun 2018

  • TI Automotive grows leveraged loan to quit high yield

    UK car parts maker TI Group Automotive Systems, owned by Bain Capital, wants out of the high yield bond market, planning to redeem its only issue by increasing its term loans.

    • 18 Jun 2018
  • CYBG buys Virgin Money in shake-up of UK banking

    CYBG has agreed to buy Virgin Money for £1.7bn, paving the way for a new major challenger bank on the UK high street.

    • 18 Jun 2018
  • OCP gets first Dutch real estate loan from PGIM

    Dutch firm Orange Capital Partners has signed a €78.5m credit facility to refinance debt secured against multiple residential portfolios in the Netherlands, with US lender PGIM Real Estate Finance making its first such loan as part of the transaction.

    • 18 Jun 2018
  • Coface Poland consolidates debt into single facility

    Coface Poland Factoring has signed a €300m-equivalent syndicated loan to partly replace bilateral credit lines, stretching out the average debt maturity for the Polish subsidiary of the French trade insurance company.

    • 18 Jun 2018
  • Dwindling loan books spark EM price war

    Emerging market loans bankers at European banks are finding it increasingly hard to compete on pricing, with borrowers claiming to be able to take out dollar loans with US and Asian banks well below the level others are able to offer. Mike Turner reports on a market where banks are doing whatever they can to snap up scarce supply of lending business.

    • 14 Jun 2018
  • L&G and Heathrow team up for PP and pension deal

    Legal & General has announced a £325m buy-in to Heathrow’s pension scheme, while simultaneously lending £160m to the London airport company through a private placement note.

    • 15 Jun 2018
  • Louis Dreyfus Asia returns for $500m revolver

    Singapore’s Louis Dreyfus Co Asia has returned to the offshore market for a $500m three year revolving credit facility.

    • 15 Jun 2018
  • PetSmart downgraded by S&P after Chewy transfer

    S&P Global Ratings knocked a notch off pet food retailer PetSmart’s corporate credit rating on Thursday, citing the firm’s ‘unsustainable’ capital structure and the increased risk of a distressed debt exchange after a portion of its subsidiary Chewy was transferred to private equity sponsors.

    • 14 Jun 2018
  • Loans in brief: 14/06/2018

    • 14 Jun 2018
  • Deal-starved banks crowd to €5bn E.On loan

    With syndicated loan business thin on the ground in EMEA this year, E.On had no trouble achieving a 100% hit rate among its relationship banks, when syndicating the €5bn loan financing for its €20.42bn takeover of Innogy.

    • 14 Jun 2018
  • Comcast ups acquisition ante with $65bn Fox bid

    US firm Comcast has doubled down on its jumbo acquisition plans by offering to buy 21st Century Fox in an all cash $65bn deal that the cable company says it will run concurrently with its bid against the purchase target for UK media company Sky.

    • 14 Jun 2018
  • US lenders hit back at Europeans’ EM pricing claims

    More emerging market loans bankers have weighed in on the increasingly vicious pricing battle underway in the sparse primary market, with those being blamed for slashing margins on dollar deals claiming that the same happens to them in other regions.

    • 14 Jun 2018
  • MGM set to refi, media firms ramps content production

    Metro-Goldwyn-Mayer (MGM), which controls the distribution of movies and TV content such as the James Bond franchise and The Handmaid’s Tale, is in the market with a new $2.5bn refinancing package this week, as traditional US media companies ramp up their borrowing to fund new content to compete with new competitors such as Netflix.

    • 13 Jun 2018
  • Euro PP lenders hold earliest notes ‘till bitter end’

    Several of the earliest Euro private placements (PPs) will mature in the fourth quarter of 2018 and the first few quarters of 2019. But as the pricing for those notes looks very attractive to investors, the prospects of early refinancings are limited.

    • 13 Jun 2018
  • Lenders pounce on Bank of China Lux loan

    Bank of China’s Luxembourg branch has signed a $1.05bn syndicated loan after launching the deal at half that amount in the latest display of lenders scrambling to allocate funds.

    • 13 Jun 2018
  • Macquarie takes green loans down under

    Macquarie Group has signed a £2bn loan that features green tranches, as the seemingly inexorable rise of the product continues unabated.

    • 13 Jun 2018

The GlobalCapital View logo   Comment

  • Halting trades can make sanctions work better

    Euroclear’s refusal to continue settling Rusal trades when US sanctions were slapped on the company on April 6 may have saved many US bond investors from crystallising crippling losses. If the US plans further rounds of similar punishments, it should turn that happy accident into a permanent feature of the sanctions process.

    • 08 May 2018

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   Loan Ranger

  • Loan Ranger: Christmas spirits

    The holiday season kicked off at the Loan Syndicate Managers’ Forum’s carol concert in London last week and, as usual, Canon David Parrott delighted the crowd with another lively sermon — though one banker risked life and limb by questioning the quality of the drinks served at the Commerzbank reception...

    • 19 Dec 2016

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 216,446.31 621 10.69%
2 Bank of America Merrill Lynch 208,408.49 641 10.29%
3 Wells Fargo Securities 112,916.28 436 5.57%
4 Citi 109,322.33 357 5.40%
5 Mitsubishi UFJ Financial Group 92,282.69 535 4.56%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.28%
2 BNP Paribas 23,481.31 80 6.72%
3 Citi 19,694.20 52 5.64%
4 SG Corporate & Investment Banking 18,198.32 63 5.21%
5 Credit Agricole CIB 18,085.88 74 5.18%

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 216,446.31 621 10.69%
2 Bank of America Merrill Lynch 208,408.49 641 10.29%
3 Wells Fargo Securities 112,916.28 436 5.57%
4 Citi 109,322.33 357 5.40%
5 Mitsubishi UFJ Financial Group 92,282.69 535 4.56%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,254.08 7 8.82%
2 JPMorgan 2,930.58 6 7.94%
3 Standard Chartered Bank 2,826.60 7 7.66%
4 Mizuho 2,550.67 5 6.91%
5 HSBC 2,341.67 5 6.35%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 9,214.95 32 6.94%
2 Credit Agricole CIB 9,005.35 34 6.78%
3 Deutsche Bank 7,673.16 25 5.78%
4 Goldman Sachs 7,228.76 27 5.44%
5 Barclays 7,034.84 23 5.30%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.28%
2 BNP Paribas 23,481.31 80 6.72%
3 Citi 19,694.20 52 5.64%
4 SG Corporate & Investment Banking 18,198.32 63 5.21%
5 Credit Agricole CIB 18,085.88 74 5.18%

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%