Top stories

  • Banque Misr latest Egyptian bank to seek loan

    Egypt’s Banque Misr is looking to raise dollar funding from the loan market, according to lenders, continuing the trend of financial institutions in the country raising international bank debt.

    • 16 May 2018

  • Hermes adds to Europe’s bulging direct lending market

    Hermes has launched a European direct lending fund, as the investment manager looks to carve out part of a market that has recently reached record highs by volume.

    • 16 May 2018
  • Bigger returns come with lite covenants in euro lev loan market

    Speculative grade investors are being tempted by higher total returns in the leveraged loan market, but lack of supply and growing demand is favoring a loosening of default protection covenants.

    • 16 May 2018
  • Goodbaby ventures out for $250m debut

    China’s Goodbaby International Holdings, a developer of parenting products, is debuting in the offshore loan market with a $250m borrowing.

    • 16 May 2018
  • Canvest attracts five banks to $150m borrowing

    Canvest Environmental Protection Group Company’s Hong Kong dollar denominated $150m-equivalent loan has attracted five participants.

    • 16 May 2018
  • Four loans bankers exit Credit Suisse

    Four bankers in Credit Suisse’s Asia Pacific loan syndications and financing group left the firm this month, according to sources close to the situation.

    • 16 May 2018
  • Schuldschein's down year is no cause for dismay

    The Schuldschein market, darling of European banks for the last few years, is likely to have a quieter year in 2018 — its first without breaking an issuance record for some time. But there is no need to worry: the product is strong and has much to offer.

    • 15 May 2018
  • Vodafone boss hands over reins to "safe pair of hands" as Moody's warns

    Analysts have reacted with surprise but not frustration after Vodafone’s chief executive officer Vittorio Colao announced he was stepping down on Tuesday. New boss Nick Read looks likely to have a tricky task ahead of him to retain the company’s credit rating amid its €18.4bn debt-financed acquisition.

    • 15 May 2018
  • EBRD reaffirms possibility of African expansion at annual meeting

    The European Bank for Reconstruction and Development is in the midst of its first annual meeting in the Middle East, and its president has again floated the idea of another big expansion of the bank’s remit to include sub-Saharan Africa.

    • 09 May 2018
  • Returns on riskiest US lev loans outpace wider market

    The riskiest end of the US leveraged loan market has outperformed the wider loan market in the year to date, although investors are starting to push back on pricing in some instances.

    • 08 May 2018
  • HoF angers Sports Direct for finding new owner over CVA

    House of Fraser, the department store chain, has joined the trail of UK high yield retailers that have turned to company voluntary arrangements (CVAs) to deal with financial difficulties. But this time, the borrower has also found a new owner, a development its 11% shareholder Sports Direct is threatening to block in court.

    • 08 May 2018
  • Vakif Katilim debut loan shines in syndication

    Turkey’s Vakıf Katılım Bankası has signed its debut syndicated loan, increasing the Sharia-compliant murabaha facility after lenders piled into it.

    • 08 May 2018
  • The change in EM loan structures is unstoppable

    Before a dam bursts, there are telltale signs. A few drops of water might eke their way through, some ominous creaking could sound, or the once-sturdy walls might look like they’re starting to buckle. Similar indicators are showing in parts of the emerging markets loan market, with more borrowers asking for terms that until now were only seen on investment grade, developed market deals.

    • 08 May 2018
  • Frutarom bought in Israel’s second biggest M&A ever

    US firm International Flavors & Fragrances (IFF) has agreed to buy rival Frutarom in a debt-backed $7.1bn transaction, in what will be the second largest ever acquisition of an Israeli company.

    • 08 May 2018
  • Indomobil Finance returns with $100m loan

    Indomobil Finance Indonesia has returned to the offshore loan market for a new $100m borrowing, according to a banker invited to participate in the deal.

    • 08 May 2018
  • Kangde Xin kicks off $200m loan debut

    Kangde Xin Composite Material Group has made its debut in the offshore loan market, launching a $200m three year deal into syndication.

    • 08 May 2018
  • ZTE sends waiver request for $450m loan

    Chinese telecommunications firm ZTE Corp, which has failed to comply with a covenant on a $450m syndicated loan due in July, has requested lenders to waive the breach, according to bankers close to the situation.

    • 07 May 2018
  • Avic International back for $200m borrowing

    Chinese company Avic International Leasing has returned to the offshore loan market for a $200m borrowing, according to a banker who has received the invitation.

    • 07 May 2018
  • Greentown cuts price on $630m refi

    Property firm Greentown China Holdings has returned to the offshore debt market for a $630m term loan to refinance a similar deal sealed in 2016.

    • 07 May 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 Bank of America Merrill Lynch 161,905.47 466 11.15%
2 JPMorgan 154,900.12 444 10.66%
3 Wells Fargo Securities 80,865.55 304 5.57%
4 Citi 77,287.85 248 5.32%
5 Mitsubishi UFJ Financial Group 69,117.56 464 4.76%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,947.26 30 9.74%
2 Citi 16,842.42 38 6.32%
3 SG Corporate & Investment Banking 15,575.88 46 5.84%
4 Deutsche Bank 14,198.98 44 5.33%
5 Bank of America Merrill Lynch 13,028.84 31 4.89%

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 161,905.47 466 11.15%
2 JPMorgan 154,900.12 444 10.66%
3 Wells Fargo Securities 80,865.55 304 5.57%
4 Citi 77,287.85 248 5.32%
5 Mitsubishi UFJ Financial Group 69,117.56 464 4.76%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,942.31 6 10.15%
2 JPMorgan 2,618.81 5 9.03%
3 Standard Chartered Bank 2,514.82 6 8.67%
4 HSBC 2,341.67 5 8.07%
5 Mizuho 2,238.89 4 7.72%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 6,017.39 25 6.38%
2 Goldman Sachs 6,000.60 20 6.36%
3 BNP Paribas 5,679.50 22 6.02%
4 UniCredit 5,441.24 29 5.77%
5 Barclays 5,256.27 14 5.57%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,947.26 30 9.74%
2 Citi 16,842.42 38 6.32%
3 SG Corporate & Investment Banking 15,575.88 46 5.84%
4 Deutsche Bank 14,198.98 44 5.33%
5 Bank of America Merrill Lynch 13,028.84 31 4.89%

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%