Top stories

  • Tanzanian solar company ZOLA lands RCF

    ZOLA Electric, formerly Off Grid Electric, has raised a $32.5m credit facility with development bank, FMO, and investment firm, Symbiotics.

    • 11 Dec 2018
  • Anta mandates six for €2.2bn acquisition loan

    Anta Sports Products has mandated six banks for a €2.2bn loan to back the €4.6bn acquisition of Finnish sports brand Amer Sports Oyj.

    • 11 Dec 2018
  • Market split over Opec+ oil cut

    Opec+, the oil producing countries’ cartel and their non-member oil producing allies, decided to cut oil production by 1.2m barrels a day, sending the Brent crude price up 5%. Market participants are evaluating the potential impacts on capital markets and international relations.

    • 10 Dec 2018

  • Green Loan revision adds US trade body and RCFs

    The Green Loan Principles (GLP) have been updated to include input from the US industry body the Loan Syndications and Trading Association (LSTA), with the green lending framework now including language about revolving credit facilities.

    • 11 Dec 2018
  • EQT fund for DL four times bigger

    Private equity firm EQT closed its largest direct lending fund this week, as market participants forecast a busy year for the market in 2019.

    • 10 Dec 2018
  • Green principles declared for Belt and Road investments

    A set of voluntary Green Investment Principles for the Belt and Road has been published, intended to help China’s huge overseas investment project the Belt and Road Initiative “low carbon and sustainable”.

    • 06 Dec 2018
  • Freenet widens pricing after strong SSD run

    European borrowers that flit between public and private debt have been choosing the Schuldschein market because of its comparatively tight pricing in the last few months but this week Freenet, the German telcoms firm, sweetened the terms it was offering investors.

    • 06 Dec 2018
  • Tritax Big Box signs debut US PP

    Tritax Big Box, the London listed industrial real estate investment trust, has sold £400m worth of 10 and 12 year US private placement notes, during the Brexit whirlwind that caused sterling bond markets to falter.

    • 06 Dec 2018
  • Brexit anxiety kills refi loan from Vue

    Cinema operator Vue International cancelled its £833m-equivalent leveraged loan offering amid increasing investor aversion to sterling risk, as the UK government and Parliament descended into a full-blown clash over the conditions for separation from the European Union.

    • 06 Dec 2018
  • Lenders inundated with end of year deals

    Investment grade loans bankers are still looking to thrash out up to 10 deals before Christmas, with two transactions in syndication now making up €7bn of business.

    • 06 Dec 2018
  • Corp defaults to rise, says Moody’s

    Defaults among borrowers with speculative grade ratings are set to dive at the start of next year, but only for a while, Moody’s said in an outlook report for non-financial corporates this week.

    • 05 Dec 2018
  • EM investors hope for better next year despite shaky outlook

    Investors are turning their attention to 2019, hoping for better returns than 2018 afforded. Despite the US Federal Reserve’s rate hiking ambitions and uncertainty over a US/China trade war, investors are looking forward to next year.

    • 05 Dec 2018
  • Fund outflows bring levfin to standstill

    Investors in European leveraged debt seem to be giving up for the year. Funds and financial vehicles that buy high yield bonds and leveraged loans have seen large volumes of cash outflows, leaving borrowers with no other option but to step back this week.

    • 05 Dec 2018
  • EU banks must disclose on ESG, may get green/brown risk capital weights

    The European Union has taken a step towards using the bank capital risk weighting system to favour green assets and discourage ‘brown’ unsustainable lending — one of the most controversial issues on the sustainable finance policy agenda.

    • 04 Dec 2018

The GlobalCapital View logo   Comment

  • The alarm bells are going off across the City

    Between sleeping and waking, there is a middle phase: you realise it’s time to get up, but can’t quite bear to admit you need to get out of bed. London’s debt capital markets teams are in that zone. Brexit’s alarm has sounded, but few are eager to haul themselves into the cold air of Frankfurt or Paris.

    • 22 Nov 2018
  • Payment in kind of a bad way

    Payment-in-kind has taken a turn for the worse in Asia’s bond market, with flight tickets and pork being offered instead of cash. Aviophobic vegetarians are up in arms.

    • 22 Nov 2018

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   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

more Loan Ranger


Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 449,175.42 1303 10.71%
2 Bank of America Merrill Lynch 407,443.65 1306 9.72%
3 Citi 255,928.70 745 6.10%
4 Wells Fargo Securities 230,544.51 856 5.50%
5 MUFG 184,466.70 1045 4.40%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,305.28 204 6.53%
2 JPMorgan 46,311.15 105 6.26%
3 UniCredit 40,488.91 181 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.19%
5 Credit Agricole CIB 37,171.96 185 5.03%

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 449,175.42 1303 10.71%
2 Bank of America Merrill Lynch 407,443.65 1306 9.72%
3 Citi 255,928.70 745 6.10%
4 Wells Fargo Securities 230,544.51 856 5.50%
5 MUFG 184,466.70 1045 4.40%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 6,650.55 13 7.03%
2 Citi 6,641.47 21 7.02%
3 JPMorgan 6,612.85 15 6.99%
4 HSBC 6,299.76 16 6.66%
5 Mizuho 5,728.41 17 6.06%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,416.85 91 7.59%
2 JPMorgan 16,386.55 57 6.40%
3 Deutsche Bank 15,760.57 59 6.16%
4 Credit Agricole CIB 14,532.27 68 5.68%
5 Goldman Sachs 14,155.41 61 5.53%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,305.28 204 6.53%
2 JPMorgan 46,311.15 105 6.26%
3 UniCredit 40,488.91 181 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.19%
5 Credit Agricole CIB 37,171.96 185 5.03%

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%