• Mashreqbank on a roll with African bank loans

    Dubai's Mashreqbank is adding a deal for Nigeria's Access Bank to the string of loans to African financial institutions it has arranged.

    • 23 Feb 2018
  • Lantmännen launches Schuldschein as market heads North

    Swedish agricultural co-operative Lantmännen launched a €100m dual currency Schuldschein on Friday, as the Schuldschein product makes ground in the Nordic region.

    • 23 Feb 2018
  • Phoenix Group cheers capital markets with M&A financing

    Phoenix Group, the UK life assurance fund consolidator plans to raise £1.5bn of underwritten debt to part-fund its £3.24bn cash and shares acquisition of Standard Life Aberdeen’s insurance business, in what is likely to be one of the biggest sterling acquisitions this year.

    • 23 Feb 2018
  • Tata Steel loan shrinks to $1.7bn after successful bond

    India's Tata Steel, which mandated a group of 21 lenders last month for a new loan, has shrunk the size of the fundraising following a blowout bond issuance.

    • 23 Feb 2018
  • EG Group ramps up acquisition spree with third deal

    UK petrol station operator EG Group has announced a third debt-financed acquisition, heaping further pressure on its credit metrics, which rating agencies have already warned are under strain.

    • 22 Feb 2018
  • Broadcom offer under pressure as Qualcomm sweetens NXP bid

    US chipmaker Qualcomm has improved its offer for NXP Semiconductors by 16%, leaving Broadcom “evaluating its options” over its $121bn hostile bid for Qualcomm and putting the possibility of a record-breaking syndicated financing on shaky ground.

    • 22 Feb 2018
  • Technology seen as key to growth for European PP markets

    The use of technology to drive down the cost of issuance could boost the growth of private debt markets across Europe, said a report commissioned by the Capital Markets Union (CMU) published on February 16.

    • 22 Feb 2018
  • Sterling on the rise in US PP market

    US private placement investors are becoming more comfortable with buying sterling tranches, which bankers said will drive pricing down for borrowers.

    • 22 Feb 2018
  • El Corte packs in more lenders to new facility

    El Corte Inglés, Europe’s largest department store group, has attracted 10 more lenders to the top line of a €3.65bn funding package, ahead of the transaction being launched into general syndication.

    • 22 Feb 2018
  • Foreign bankers sceptical as IRFC eyes Japanese for 10 year loan

    Indian Railway Finance Corp has turned heads in the loan market with its request for up to $250m of 10 year money. While some market participants balked at the idea of 10 year commercial loans, those at the firm’s main target audience — Japanese banks — think the deal is worth a look. Shruti Chaturvedi reports.

    • 22 Feb 2018
  • Nomura creates new global business in client financing

    Nomura has created a new global unit to focus on client financing, in a move that combines its investment banking and markets capabilities.

    • 22 Feb 2018
  • Broadcom offer under pressure as Qualcomm sweetens NXP bid

    US chipmaker Qualcomm has improved its offer for NXP Semiconductors by 16%, leaving Broadcom “evaluating its options” over its $121bn hostile bid for Qualcomm and putting the possibility of a record-breaking syndicated financing on shaky ground.

    • 21 Feb 2018
  • EG Group ramps up acquisition spree with third deal

    UK petrol station operator EG Group has announced a third debt-financed acquisition, heaping further pressure on its credit metrics, which rating agencies have already warned are under strain.

    • 21 Feb 2018
  • Turkey’s Ziraat bank launches $1bn refi

    Ziraat Bank launched a $1bn loan to refinance a facility signed in April last year, with pricing in line with Turkish peer Akbank’s new loan.

    • 21 Feb 2018
  • VPBank Finance’s $200m borrowing opens in general

    VPBank Finance is tapping international loan market liquidity for an up to $200m three year facility, which has two lenders at the helm.

    • 21 Feb 2018
  • Milbank hires two levfin lawyers from Shearman & Sterling

    As Europe’s leveraged finance markets return to growth, Milbank, Tweed, Hadley & McCloy has added Apostolos Gkoutzinis and Rebecca Marques as partners to its leveraged finance and capital markets team.

    • 20 Feb 2018
  • Astorg's SGG seeks debt to buy First Names as levloans swell

    SGG Group, the corporate and investor services firm based in Luxembourg and owned by Astorg, will fund its acquisition of UK peer First Names in the leveraged loan market, which has already enjoyed its busiest January ever in EMEA.

    • 20 Feb 2018
  • Temenos likely to borrow for £1.4bn swoop on Fidessa

    Temenos, the Swiss banking software company, is in advanced discussions about an all cash offer for Fidessa, the UK trading technology firm, for around £1.4bn, which is likely to involve some debt issuance.

    • 20 Feb 2018
  • VIEW: The Schuldschein market should mind its manners

    The Schuldschein market's reputation as a gentlemanly club is at risk of diverging from reality. Competition is becoming fiercer and arrangers are employing every weapon in their armouries to win mandates. This is how capital markets behave — but the Schuldschein market should not follow.

    • 20 Feb 2018
  • ECA financing on the rise in the Middle East

    Demand for export credit agency financing is growing among firms operating in the Middle East as banks clamp down on lending amid low oil prices over recent years.

    • 20 Feb 2018
  • IRFC has 'fingers crossed' for $250m 10 year loan

    Indian Railway Finance Corp has approached offshore lenders for a financing of up to $250m-equivalent in Japanese yen. But the company may struggle to generate demand from maturity-shy Japanese lenders, said a banker familiar with the deal.

    • 20 Feb 2018
  • Time for Asian loans to shine

    The Asian loan market has had to battle a tough few years, with record volumes in 2014 tailed by four straight annual declines. But loans bankers in the region have a feeling their time may have come.

    • 20 Feb 2018
  • Itiviti targets hot lev loan market with second lien

    In stark contrast with a mute high yield bond market, leveraged loan investors were expecting more than €5bn of new deals on Monday, including a $725m-equivalent deal from Swedish trade technology provider Itiviti, which includes a triple-C rated second lien.

    • 19 Feb 2018
  • Leonardo homes in on cheaper revolver

    Leonardo, the Italian defence company, has agreed a €1.8bn five year revolver 25bp cheaper than the facility it is replacing, making it the latest crossover borrower to negotiate better terms for itself in a refinancing.

    • 19 Feb 2018
  • Broadcom's $100bn megaloan structure and spread emerge

    Details have emerged of Broadcom’s record-breaking $100bn financing package for its acquisition of chipmaker Qualcomm. It is paying 100bp over Libor for the biggest two tranches.

    • 19 Feb 2018
  • REWE reaches €1bn in Schuldschein market

    German supermarket group REWE has doubled its initial target size of €500m, becoming the first corporate in 2018 to place a €1bn Schuldschein loan.

    • 19 Feb 2018
  • MidEast trade finance experts see opportunities in political climate

    A hardening of the US attitude to Iran, tensions with Turkey and the Qatari crisis may be closing some doors for trade in the Middle East but experts are convinced it is opening others, with China's One Belt, One Road initiative pushing countries such as China, India and Russia towards the region.

    • 19 Feb 2018
  • Türk Eximbank seeks $300m loan, outside Akbank

    Türk Eximbank is in the market for a $300m loan to refinance debt and support exporters.

    • 19 Feb 2018
  • Unholy trinity threatens Europe's loan market

    The European syndicated loan market is facing an unprecedented structural challenges this year, leaving market participants unsure what the usually steady corner of the capital markets might look like by Christmas, writes Michael Turner.

    • 15 Feb 2018
  • EBA pushes for tougher hedging after Premier Oil splits risk transfer market

    Premier Oil’s restructuring last year was a test for the risk transfer market, as the different synthetic securitizations exposed to the troubled firm reacted very differently. The European Banking Authority wants to see a tougher approach and more consistency in the market, which could hurt some firms’ ability to transfer risk.

    • 15 Feb 2018
  • HY investors lead pushback, but momentum evasive

    Investors in Europe’s leveraged finance markets have started to fight for better pricing and deal terms. But a lack of supply is playing in borrowers' favour.

    • 15 Feb 2018
  • Broadcom gets record $100bn loan for Qualcomm buy

    US chip maker Broadcom has received commitments for a staggering $100bn funding package for its acquisition of technology company Qualcomm, with the companies meeting for the first time a few days after the record financing was announced.

    • 15 Feb 2018
  • GKN fires broadside against hostile £7bn Melrose bid

    UK engineering group GKN has written a formal letter to its shareholders calling the £7bn plus debt-financed hostile takeover bid from industrial conglomerate Melrose 'low price and high risk', prompting yet another quick fire public response from the potential buyer.

    • 15 Feb 2018
  • GKN sets out final arguments against hostile Melrose bid

    UK engineering group GKN has written a formal letter to its shareholders calling the £7bn+ debt-financed hostile takeover bid from industrial conglomerate Melrose 'low price and high risk', prompting yet another quick fire public response from the potential buyer.

    • 15 Feb 2018
  • Rate rises on horizon credited for Euro PP surge

    The euro private placement market is seeing volumes rise to the highs reached in 2013-2015 as corporates push ahead with funding in the hope of beating European Central Bank interest rate rises expected later this year.

    • 15 Feb 2018
  • CEE loan pipeline heats up with PXFs

    Deal flow in Central and Eastern Europe (CEE) is picking up, according to international loan bankers, with more pre-export finance facilities from Russia and some anticipated event driven transactions in the rest of the region.

    • 15 Feb 2018
  • GKN offers shareholders £2.5bn in Melrose battle

    Industrial conglomerate Melrose’s likely debt-driven hostile takeover attempt of UK engineering group GKN took another twist on Wednesday, with the target offering shareholders £2.5bn in cash over the next three years as it sells assets.

    • 14 Feb 2018
  • Unilever Spreads’ €7bn LBO ready for ‘wobbly markets’

    Bookrunners will start marketing the financing for KKR’s buyout of Unilever’s spread business as soon as next week, with the European high yield bond and the leveraged loan market both braced for supply.

    • 14 Feb 2018
  • Bank Sohar’s $300m loan to be oversubscribed

    Bank Sohar, the Omani bank, is expected to sign an oversubscribed three year loan for $300m by the end of February. Demand for the facility has been high from international banks despite the country’s rising budget deficit.

    • 14 Feb 2018
  • EM investors turn picky as volatility bites

    The recent bout of volatility has claimed its first victim in the emerging markets after Russia’s State Transport Leasing Company (GTLK) postponed its proposed seven year dollar bond.

    • 14 Feb 2018
  • American Greetings bags financing for CD&R takeover

    Greetings card company American Greetings, which owns brands such as Papyrus and Carlton Cards, has obtained financing from a consortium of banks to finance Clayton, Dubilier & Rice’s acquisition of a 60% stake in the privately owned firm.

    • 13 Feb 2018
  • 3i aims to replicate Refresco success with Royal Sanders acquisition

    Sources have said 3i plans to follow a buy-and-build approach with the newly acquired Royal Sanders, the Anglo-Dutch personal care product manufacturer. The strategy would mirror its successful expansion of drinks bottling company Refresco, which sparked a bounty of deals in the high yield and leveraged loan markets.

    • 13 Feb 2018
  • Syndicated loan market facing most challenges in memory

    The European syndicated loan market is facing an unprecedented amount of structural challenges in 2018, leaving market participants unsure what the usually stalwart corner of the financial sector might look like by the end of the year.

    • 13 Feb 2018
  • Dubai Holding’s telecom business seeks $572m refi

    Investment holding company Dubai Holding’s telecom business — Emirates International Telecommunications (EIT) — is looking to refinance a previous facility with a Dh2.1bn ($572m) club loan.

    • 13 Feb 2018
  • Lenovo plugs in for $1bn new money borrowing

    Chinese smartphone and laptop maker Lenovo Group has approached lenders in the offshore loan market for a $1bn fundraising.

    • 13 Feb 2018
  • Broadcom gets $100bn loan for Qualcomm buy

    US chip maker Broadcom has received commitments from 12 lenders for a staggering $100bn funding package to finance its acquisition of technology company Qualcomm.

    • 12 Feb 2018
  • EG’s acquisition spree weighs on ratings

    Petrol station forecourt company EG Group’s credit worthiness has come under pressure after the UK firm announced $2.15bn of debt-financed acquisition plans last week.

    • 12 Feb 2018
  • Yildiz Holding restructures $1bn loan

    Turkish food giant Yıldız Holding has restructured the equivalent of $1bn in short term loans into one long term syndicated loan, as part of its efforts to facilitate its growth plans for this year.

    • 12 Feb 2018
  • Wabco tests Schuldschein water for US supply

    Wabco Europe BVBA, an industrial equipment supplier with headquarters in Brussels, has launched a €200m inaugural Schuldschein. The deal is guaranteed by Wabco Holdings, a company listed on the New York Stock Exchange.

    • 12 Feb 2018
  • Photos from the Syndicated Loan and Leveraged Finance Awards 2017

    GlobalCapital revealed the winners of its Syndicated Loan and Leveraged Finance Awards 2017 at its 15th Annual Loans Dinner on Wednesday. Banks and borrowers from all over the EMEA region attended the dinner at the new venue of Gibson’s Hall in Bishopsgate, London.

    • 12 Feb 2018
  • Euro lev loans ignore US volatility with run of leveraged buyouts

    Europe’s speculative grade debt markets began cautiously weighing the impact of a recent surge of US-driven volatility this week. While high yield issuers remain circumspect, leveraged loan borrowers led by French calibration specialist Trescal are charging on, confident that investor demand remains strong.

    • 12 Feb 2018
  • Top Glove loan cruises to oversubscription

    A $310m two-part borrowing to support Malaysian surgical glove maker Top Glove Corp’s acquisition of Aspion is oversubscribed, with a handful of banks committing to the deal.

    • 12 Feb 2018
  • US CLO industry wins risk retention exemption

    In a big vote of confidence in the CLO product, the District of Columbia Court of Appeals ruled on Friday that CLO managers should be exempt from risk retention requirements, vindicating the arguments put forward by the Loan Syndications and Trading Association against federal regulatory agencies.

    • 09 Feb 2018
  • Golden Eagle hunts for $500m facility with five

    Chinese department store operator Golden Eagle International Trading is back in the overseas loan market after a gap of three years for a $500m financing.

    • 09 Feb 2018
  • Corporates mull options hedge in new life under IFRS 9

    Corporates have been considering using options to hedge their FX exposure ever since the International Financial Reporting Standard 9 came into effect this year. But interest has been slower to build than some experts had expected.

    • 08 Feb 2018
  • Keep Qatar and carry on

    Ever since six Arab countries led by Saudia Arabia and the UAE ostracised Qatar last summer, banks have been agonising over the feud.

    • 08 Feb 2018
  • Reits on rise in private debt markets

    Real estate investment trust (Reit) issuance is rising in private debt markets, as spreads compress and borrowers look to lock in long term debt before expected interest rate rises.

    • 08 Feb 2018
  • Banks stick by Qatar on QNB funding despite Gulf spat

    Qatar National Bank (QNB) has signed a $3.5bn loan with 21 international banks, with one of those also selling over $2.3bn of MTNs for the issuer, showing that banks’ jitters about supporting Qatari entities in the wake of the dispute between the sultanate and six other Arab states have partly been assuaged. Bianca Boorer and Virginia Furness report.

    • 08 Feb 2018
  • Norway's Hurtigruten sails through €660m loan

    Hurtigruten, the Norwegian cruise operator owned by TDR Capital, has agreed on final pricing on a €660m leveraged loan facility, raising enough debt to repay all its high yield bonds.

    • 08 Feb 2018
  • Kuka ramps refi by €120m amid deal drought

    German robotics maker Kuka has signed a refinancing facility, ramping up the size of its syndicated bank borrowing by €120m.

    • 08 Feb 2018
  • Equity plunges dim loan banks’ post-IPO hopes

    The sharp falls in global equity markets over the past week have dimmed some of the optimism around this year’s syndicated loan market in Europe, as lenders worry that chief executives will postpone IPO plans — and the growth financing required immediately after going public.

    • 08 Feb 2018
  • Lull in SSD deals as market digests January flurry, and considers the threat of unrated bonds

    There is a hiatus in the Schuldschein new issue market, as the slew of transactions launched in January are weighed up and processed before settlement dates. Amid the calm, Schuldschein bankers are beginning to question whether the unrated bond market is a threat.

    • 08 Feb 2018
  • Mezz gains popularity amid rising valuations

    Leverage finance bankers are bracing themselves for a rise in mezzanine financing in Asia, buoyed by talk that part of the HK$32bn loan to back a record-breaking Hong Kong property deal will be financed with junior debt.

    • 08 Feb 2018
  • GlobalCapital Loan Awards 2017: the full results

    GlobalCapital revealed the winners of its 2017 Loan Awards at its annual Loans and Leveraged Finance Awards Dinner at Gibson Hall in London on February 7. The full results are below: GlobalCapital congratulates all the winners and nominees.

    • 07 Feb 2018
  • QNB signs $3.5bn loan with 21 banks at lower pricing

    Qatar National Bank has signed a $3.5bn loan with 21 international banks, showing that banks' jitters about supporting Qatari entities in the wake of the dispute between the sultanate and six other Arab states have partly been assuaged.

    • 07 Feb 2018
  • Informa’s acquisition debt fee structure revealed

    Informa, the UK media group, will initially pay 85bp over Libor for the acquisition debt facility due to partly finance its £3.9bn ($5.4bn) purchase of events company UBM. The spread will rise to a maximum of 225bp, depending on when the debt is repaid.

    • 07 Feb 2018
  • EG Group fills up for Kroger purchase

    A group of five banks has agreed to underwrite UK garages company EG Group’s $2.15bn purchase of US firm Kroger’s convenience store business, after the equity market wobbles this week failed to put a dent in the year’s M&A extravaganza.

    • 07 Feb 2018
  • Sabic in talks with banks about loan financing

    Saudi Basic Industries Corp (Sabic), a diversified chemicals producer, is looking to raise a large syndicated loan with international banks, according to sources close to the potential deal.

    • 07 Feb 2018
  • China Taiping picks one for HK$500m club

    State-owned insurer China Taiping Insurance Holdings is raising a HK$500m loan from the offshore market, according to sources.

    • 07 Feb 2018
  • European levfin on hold amid own bouts of risk aversion

    Global stock markets have been hit with volatility in recent trading sessions, but European primary leveraged finance markets had already slowed down as investor pressure grew around Algeco’s €1.4bn deal and UK retailer New Look’s performance.

    • 06 Feb 2018
  • Mixed messages in the debate over green capital relief

    Authors of last week’s HLEG sustainable finance report seem unsure whether they want green capital relief or not — while the European Banking Federation (EBF) seems unsure about why.

    • 06 Feb 2018
  • HICL trims price for sterling loan refinancing

    HICL Infrastructure Co, the UK infrastructure fund advised by InfraRed Capital Partners, has refinanced its £400m ($556m) revolving credit facility and managed to negotiate cheaper funding from its banking group.

    • 06 Feb 2018
  • Citi plonks recent hire on to HY trading throne

    Citi’s has named a recent hire from HSBC as its new EMEA head of high yield trading, three months after the dealer joined the firm. It follows recent new hires of two salesmen for Citi’s high yield team.

    • 06 Feb 2018
  • Kosmos Energy refis $1.5bn RBL

    US oil and gas company Kosmos Energy, which operates in Africa, has refinanced a reserve-based lending facility signed in 2015.

    • 06 Feb 2018
  • Digi Communications adds five banks to bridge loan

    Digi Communications’ Hungarian subsidiary has refinanced part of a €200m bridge loan provided by Citigroup and ING in October last year, which was used to fund the acquisition of a subsidiary of fellow Hungarian communications company Invitel.

    • 06 Feb 2018
  • Updated: SMBC Aviation takes flight for $600m dual tranche fundraising

    SMBC Aviation Capital has swooped into the Asian loan market for a $600m two tranche borrowing.

    • 06 Feb 2018
  • QNB to increase loan due to oversubscription

    Qatar National Bank is expected to increase its loan to around $3.25bn, after it received commitments exceeding its launch amount.

    • 05 Feb 2018
  • Vodafone-Liberty talks raise hopes of telco M&A boom

    Some loans bankers are looking forward to a wave of consolidation in the telecoms sector, as Vodafone said it was in talks with Virgin Media owner Liberty Global to buy some of the US company’s European assets.

    • 05 Feb 2018
  • Koenig & Bauer makes syndicated loan debut

    Koenig & Bauer, the German printing press maker, has made its debut in the syndicated loan market, agreeing facilities totalling up to €400m from eight banks.

    • 05 Feb 2018
  • Terms emerge for Indorent’s $100m syndicated loan

    Pricing details are out for a $100m facility for car rental service provider CSM Corporatama, better known as Indorent.

    • 05 Feb 2018
  • Indorent revs up $100m syndicated loan

    Car rental service provider CSM Corporatama, better known as Indorent, has reached out to lenders for a $100m syndicated loan, said bankers who received a preliminary email asking them to attend a roadshow.

    • 02 Feb 2018
  • Blackstone breathes life into PE big buys

    Blackstone announced its biggest acquisition for a decade this week, as it swooped on Thomson Reuters' data business for an enterprise value of $20bn. That left financiers waiting to see if it kick-starts a new round of big leveraged buyouts (LBOs) among private equity firms sitting on mountains of uninvested cash. Michael Turner and Victor Jimenez report.

    • 01 Feb 2018
  • Unclear future for Russian issuance as US sanctions talk returns

    Some of the wealthiest and most influential businesspeople in the Russian Federation received an expected, but still unpleasant, piece of news on Monday with the publication of a US Treasury Department list that is expected to precede new sanctions, write Sam Kerr and Bianca Boorer.

    • 01 Feb 2018
  • EU law to steer markets to green future

    Europe’s financial system turned a corner this week, as the European Commission declared it would introduce legislation to redirect markets towards sustainability and equip them to face the threat of climate change, writes Jon Hay.

    • 01 Feb 2018
  • Audley taps HSBC's deep pockets for 'aggressive' growth

    Audley Group, the UK builder of luxury retirement villages, has signed a £125m revolving credit line as it follows up a 2017 equity raising as part of an “aggressive growth strategy”.

    • 01 Feb 2018
  • GKN spurns Melrose’s ‘fake’ advances again

    UK engineering group GKN has once again come down hard on a hostile takeover bid from industrial turnround specialist Melrose, prompting some loans bankers to lose confidence that the £7.4bn-plus deal is viable.

    • 01 Feb 2018
  • Deriv, cap market groups join forces on Libor

    Trade associations representing derivatives and capital markets have published a road map that they hope will lay the path to a smooth transition away from “ibor” interest rate benchmarks.

    • 01 Feb 2018
  • Barclays cuts hit EMEA levfin head, ECM vice-chair, other senior bankers

    The round of redundancies at Barclays Investment Bank has hit more senior figures, including the head of EMEA leveraged finance, a vice-chairman in ECM, the COO of EMEA banking, as well as other managing directors across the origination businesses.

    • 01 Feb 2018
  • Yunnan Energy fires up $200m three year bullet

    Yunnan Provincial Energy Investment Group is out with its first borrowing in the international loan market.

    • 01 Feb 2018

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 30,623.58 125 9.68%
2 JPMorgan 28,965.03 121 9.16%
3 Citi 22,140.67 74 7.00%
4 Wells Fargo Securities 18,669.11 90 5.90%
5 Deutsche Bank 16,124.80 46 5.10%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UOB 388.89 1 11.11%
1 Sumitomo Mitsui Financial Group 388.89 1 11.11%
1 Standard Chartered Bank 388.89 1 11.11%
1 Mizuho 388.89 1 11.11%
1 Mitsubishi UFJ Financial Group 388.89 1 11.11%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 1,659.34 6 7.12%
2 ING 1,631.78 5 7.00%
3 Goldman Sachs 1,565.51 5 6.72%
4 Deutsche Bank 1,532.98 4 6.58%
5 Citi 1,439.08 6 6.17%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 9,857.42 14 13.05%
2 SG Corporate & Investment Banking 7,833.35 12 10.37%
3 Goldman Sachs 5,773.27 11 7.65%
4 Citi 4,606.54 14 6.10%
5 BNP Paribas 4,132.76 19 5.47%

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%