Top stories

  • EM loans suffer dry January

    While hopes are high for emerging market syndicated loan activity in EMEA in 2019, the year has started slowly, leaving many banks with half-empty pipelines.

    • 17 Jan 2019
  • London US PP agents approach Florida with Brexit on their minds

    US private placement (US PP) participants the world over descend on Florida next week for four days of intensive meetings. For the UK PP agents, soothing concerns and gleaning insights from investors around Brexit is top priority.

    • 15 Jan 2019
  • Amendageddon just beginning of loan market's Libor woes

    Libor is likely on the way out for sterling loans in 2021, and it is almost impossible to overestimate the deluge of facility amendments headed towards loans desks. But there is worse to come.

    • 15 Jan 2019

  • UK agents head to Florida PP conference with Brexit in mind

    US private placement (US PP) participants the world over will descend on Florida next week for four days of intensive meetings at a major market conference. For UK-based PP agents attending, soothing concerns over and gleaning investors’ views on Brexit is the top priority.

    • 17 Jan 2019
  • When a bad deal leads to no deal, no one wins

    Maintaining confidence in the system relies on trust that leaders — those selected for their competence and character to set the course for the rest of us — are well informed, able to communicate with others at their level and take decisions that serve the interests of those they lead.

    • 17 Jan 2019
  • RDI finds home for sterling loan

    London-listed RDI REIT has refinanced a sterling club loan, pushing out its average maturities amid a flurry of refi activity in the European loan market.

    • 17 Jan 2019
  • EM loans suffer dry January

    While hopes are high for emerging market syndicated loan activity in EMEA in 2019, the year has started slowly, leaving many banks with half-empty pipelines.

    • 17 Jan 2019
  • BNPP hires in the Nordics

    BNP Paribas has hired numerous bankers to bolster its corporate and institutional banking presence in the Nordic countries, including senior bankers in equity and derivatives roles.

    • 16 Jan 2019
  • Mauritius Commercial Bank offers lenders brief refi respite

    Mauritius Commercial Bank is looking for a syndicated loan, in a rare deal to pass across London desks so far this month that is not a refinancing exercise.

    • 16 Jan 2019
  • Network Homes opts for sterling PPs with Canadian and US investors

    Network Homes, a London housing association, has sold £175m of private placement notes to a group of six Canadian and US investors, as the asset class grows more familiar to overseas buyers.

    • 16 Jan 2019
  • Bank lenders see potential in CEE region

    At the Central and Eastern European Forum hosted by Euromoney in Vienna, central bank governors, chief executives and other market leaders gathered to discuss challenges and strengths for the region's markets. Despite monetary difficulties and geopolitical tensions within the region, bankers were optimistic, particularly for the syndicated loan market.

    • 16 Jan 2019
  • End Brexit paralysis, plead levfin investors

    This week’s parliamentary vote in the UK on a withdrawal agreement for its exit from the European Union has emptied the deal pipeline in the euro leveraged finance markets in early January. But after the plan was rejected on Tuesday, any clarity about the near future looks unlikely, and some debt buyers say borrowers have little reason to wait for longer.

    • 16 Jan 2019
  • Optimism abounds among CEE borrowers

    With many of Europe’s emerging market bankers and investors this week in Vienna for Euromoney’s annual Central and Eastern Europe Conference, much focus has been on planning for the year ahead in this region. The mood at that conference is one of quiet optimism for the year ahead.

    • 16 Jan 2019
  • Sun Hung Kai returns for annual loan foray

    Hong Kong-listed Sun Hung Kai Properties is talking to banks for its annual return to the loan market. The company has raised its funding cost for the first time in five years.

    • 16 Jan 2019
  • Hyosung Vina revamps loan, cuts size to $750m

    Hyosung Vina Chemicals is holding bank presentations and a site visit at the end of January to woo lenders with a $750m syndicated financing that has been relaunched with a smaller size, higher margins and a different bookrunning team.

    • 16 Jan 2019
  • Amendageddon just beginning of loan market's Libor woes

    Libor is likely on the way out for sterling loans in 2021, and it is almost impossible to overestimate the deluge of facility amendments headed towards loans desks. But there is worse to come.

    • 15 Jan 2019
  • London US PP agents approach Florida conference with Brexit on their minds

    US private placement (US PP) participants the world over descend on Florida next week for four days of intensive meetings. For the UK PP agents, soothing concerns and gleaning insights from investors around Brexit is top priority.

    • 15 Jan 2019
  • National security in crosshairs for UK M&A

    UK mergers and acquisitions are set for a tricky time over the next few years, as the government is expected to begin implementing a more stringent national security regime this year.

    • 15 Jan 2019
  • Chinese activity in CEE set to grow

    China’s activity in central and eastern European (CEE) lending and investment is set to swell further in 2019, as its banks and other financial institutions extend their reach.

    • 15 Jan 2019
  • PE sponsors eager to bring new wave of loose deal documentation

    Private equity sponsors have bankers and lawyers working on deals that will seek more flexibility and borrower-friendly covenants this year. But investors are also likely to offer tougher scrutiny this year.

    • 15 Jan 2019
  • ASM Pacific seeks debut loan to refinance CB

    ASM Pacific Technology is tapping the offshore loan market for the first time, raising a HK$2.25bn ($287m) five year borrowing to refinance a convertible bond maturing in March.

    • 15 Jan 2019
  • Schuldschein market becomes harder to read

    Some Schuldschein arrangers are expecting that a syndicate’s distribution skills may become more important this year, as conditions across capital markets become more chaotic.

    • 14 Jan 2019
  • L’Occitane makes biggest buy to date

    Luxury cosmetics company L’Occitane has agreed to buy UK skincare brand Elemis for $900m, in what will be its biggest acquisition since it listed at the turn of the decade.

    • 14 Jan 2019

The GlobalCapital View logo   Comment

  • Pick-up in China M&A loans is just a pipe dream

    A handful of outbound M&A deals announced in the second half of 2018 have given leveraged and acquisition finance bankers hopes for a rebound in action this year. But with many roadblocks ahead, being "cautiously optimistic" will be critical.

    • 08 Jan 2019
  • The Pained Trader: cognitive bias

    The Pained Trader considers a better path to prediction.

    • 03 Jan 2019
  • No certainty in sight for the UK or sterling

    Borrowers flocked to the sterling bond markets this week, at possibly greater pace than the usual January rush. Some of that seemed to be an attempt to get ahead of a crucial Brexit vote in the UK parliament later this month. But if anyone expects clarity on the UK’s future relationship with Europe after that date, they’re delusional.

    • 03 Jan 2019
  • Will Europe regret stringing out the Carige debacle?

    The European Central Bank is giving Banca Carige yet more time to boost its capital. If the lender cannot turn itself around, authorities will regret dithering while the private sector walked away.

    • 03 Jan 2019

more comment

   Loan Ranger

  • Loan Ranger Special: Mac’s press-up prowess

    Loan Ranger has dusted off his stetson because something happened at the Loan Market Association’s annual syndicated loan conference that he had never seen before in all his many years covering the loan market: public exercise that wasn’t dancing in Harry’s Bar at 2am after a drinks event.

    • 27 Sep 2018

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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 10,609.64 9 44.00%
2 JPMorgan 1,066.00 5 4.42%
3 Mizuho 972.79 2 4.03%
4 Citi 741.50 5 3.07%
5 Deutsche Bank 709.50 4 2.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 9,498.80 2 86.78%
2 Swedbank 160.81 1 1.47%
2 Sumitomo Mitsui Financial Group 160.81 1 1.47%
2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 10,609.64 9 44.00%
2 JPMorgan 1,066.00 5 4.42%
3 Mizuho 972.79 2 4.03%
4 Citi 741.50 5 3.07%
5 Deutsche Bank 709.50 4 2.94%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,434.76 18 7.11%
2 First Abu Dhabi Bank 7,164.47 27 6.85%
3 Standard Chartered Bank 7,114.19 32 6.80%
4 Sumitomo Mitsui Financial Group 6,785.55 14 6.49%
5 Citi 6,751.47 22 6.45%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Swedbank 160.81 1 11.11%
1 Sumitomo Mitsui Financial Group 160.81 1 11.11%
1 SEB 160.81 1 11.11%
1 Nordea 160.81 1 11.11%
1 Natixis 160.81 1 11.11%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 9,498.80 2 86.78%
2 Swedbank 160.81 1 1.47%
2 Sumitomo Mitsui Financial Group 160.81 1 1.47%
2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

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%