• Sunac China raises $280m from five banks

    Sunac China Holdings has raised a $280m loan term from five lenders.

    • 11:15 AM
  • China’s LPR is good for onshore market, but makes offshore lending tougher

    China introduced its new benchmark rate, the loan prime rate (LPR), over the weekend, with the first rate published on Tuesday. The reform, which aims to help companies lower their funding costs, is likely to boost the onshore market but will make the already slow offshore market even more difficult.

    • 11:00 AM
  • Lenders pledge support to Turkish SMEs

    Albaraka Turk Participation Bank and the Islamic Development Bank have signed a $40m Islamic financing facility to support small and medium enterprises in Turkey.

    • 10:30 AM
  • China rate reform: a market but with a very visible hand

    China unveiled a new benchmark rate, the loan prime rate (LPR), for loans this week. While hailed as a groundbreaking step towards making its benchmark lending rate more market-driven, the mechanism for determining the LPR in fact grants the central bank more control over the country’s interest rates.

    • 20 Aug 2019
  • FEC seeks HK$1bn bridge loan for Kai Tak site

    Far East Consortium International (FEC) is in talks with banks to raise a bridge facility of around HK$1bn ($127m) to support its acquisition of a land plot in Kai Tak, this site of Hong Kong's old airport, from the government.

    • 20 Aug 2019
  • China launches long-awaited interest rate reform

    The People’s Bank of China (PBoC) unveiled a new benchmark rate for bank loans on Saturday. The loan prime rate (LPR) will replace the current one-year lending rate, which has stood still for four years at 4.35%, as the new benchmark. The move is aimed at making the lending rates more market-based and lowering the funding cost for the real economy, analysts say.

    • 19 Aug 2019
  • Secondary spreads compress as EM loans dry up

    Market participants say that secondary spreads of emerging market loans are compressing as activity draws to a standstill, amid signs of slowing global growth and the threat of trade wars.

    • 19 Aug 2019
  • HDFC makes quick return for $200m

    Housing Development Finance Corp has made a quick return to the syndicated loan market for a $200m borrowing, five months after it sealed a Samurai loan.

    • 16 Aug 2019
  • MGM China joins the trend of casinos seeking unsecured loans to take out old borrowings

    Macau casino operator MGM China has raised its first unsecured borrowing, joining a handful of companies raising straight loans to replace outstanding secured facilities. Bankers think that plenty more casinos will take a punt on the format. Pan Yue reports.

    • 15 Aug 2019
  • China banks in CEE upset trad lenders

    Chinese lending to and investment in central and eastern Europe is on the up. China has extended its reach to rival the influence of its western counterparts with its best weapon: money. But many bankers speaking to GlobalCapital this week think the trend is problematic.

    • 15 Aug 2019
  • Chinasoft launches HK$1bn loan into general

    China IT company Chinasoft International has returned to the syndicated loan market after six years, seeking a HK$1bn ($127m) facility.

    • 14 Aug 2019
  • Lenders: get with the times or get out

    The syndicated loan market is undergoing a transformation. Borrowers are growing in sophistication and artificial intelligence is creeping into the syndication process. It's time lenders faced a reality check: get with the programme, or get gone.

    • 13 Aug 2019
  • MGM China raises HK$9.75bn for refinancing

    MGM China has raised a HK$9.75bn ($1bn) unsecured revolving credit facility with a group of 13 lenders to repay its old secured borrowings.

    • 13 Aug 2019
  • Updated: Chung to leave Maybank

    Loans banker Daniel Chung is leaving Maybank Kim Eng to join CTBC Bank's Hong Kong team, according to sources.

    • 13 Aug 2019
  • Loans banker Fung joins Standard Chartered

    Syndicated loans banker Marilyn Fung has joined Standard Chartered’s loan syndication team in Singapore.

    • 13 Aug 2019
  • ING Turkey raises loan ahead of Turkish refi round

    ING's Turkish arm, ING Bank AS, has raised a $309m-equivalent trade finance loan from international lenders. The deal is a precursor to the year's second round of Turkish bank refinances, expected to begin in the next month.

    • 12 Aug 2019
  • Lenders disappointed by diminishing ME activity

    Middle East loans activity has fallen this year, confounding last year's hopes among bankers, with blame falling indirectly on the US-China trade war and sluggish global growth.

    • 12 Aug 2019
  • Mong Duong Finance eyes $485m to take out project financing

    Vietnam’s Mong Duong Finance has launched a $484.71m borrowing into general syndication, in tandem with a bond it issued at beginning of the month.

    • 12 Aug 2019
  • GlobalCapital reveals SRI Award nominations

    GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

    • 09 Aug 2019
  • Hang in there, banks; Russia’s no riskier

    International banks should stand their ground and continue lending to Russian borrowers. The weak, ineffective sanctions that the US rolled out last week have not affected Russia’s creditworthiness and some even argue that investors in the country face fewer risks than they did two weeks ago.

    • 08 Aug 2019
  • 'Ineffective’ sanctions may still stamp out Russia-wide loans

    Bankers and investors have expressed their irritation at the US's new set of sanctions on Russia. The latest punitive actions stop US financial institutions from extending debt financing in the primary market to the sovereign.

    • 08 Aug 2019
  • Underwritten loans biz drowns in too much liquidity

    More borrowers are eschewing underwritten loans, causing frustration and concern among banks as their usually quiet corner of the market faces huge structural changes.

    • 08 Aug 2019
  • Russia banks 'don't care' as international lenders wrestle with latest sanctions

    With emerging market loan bankers puzzling over what the latest round of US sanctions against Russia mean for syndicated lending in the country — an activity already well muzzled by proscriptions — Moscow bankers were defiant that they would be ineffective.

    • 08 Aug 2019
  • BAIC revs up €2.2bn loan to back Daimler stake purchase

    Beijing Automotive Group (BAIC) has thrown open a €2.2bn-equivalent loan to support its acquisition of a minority stake in German automaker Daimler.

    • 08 Aug 2019
  • Securitization market shrugs off accusations of Al Rayan extremism links

    After an explosive report this week by British newspaper The Times accusing Al Rayan Bank of funding extremist groups, investors in the UK Islamic bank’s sukuk RMBS say they have little concern over the prospects for the bonds.

    • 07 Aug 2019
  • Latest sanctions yet another blow to faltering Russian loan market

    The US Treasury's fresh round of sanctions on Russian sovereign debt has thrown yet another obstacle in the way of international lenders, who are bracing themselves for indirect impact on the already faltering syndicated loans market.

    • 07 Aug 2019
  • Loans bankers fear sanctions will damage Russia market

    Emerging market loan bankers have been trying to understand the impact on syndicated lending of the US’s latest sanctions on Russia. The proscriptions have instilled more uncertainty into a collapsing market.

    • 07 Aug 2019
  • DAE signs yet another revolver

    United Arab Emirates aircraft lessor Dubai Aerospace Enterprise has raised $490m in loans, its third syndicated loan in the last 12 months.

    • 06 Aug 2019
  • April sends out invitations for $1bn loan

    Asia Pacific Resources International Holdings (April), a subsidiary of Royal Golden Eagle, has made a quick return to the loan market for a self-arranged borrowing of up to $1bn.

    • 06 Aug 2019
  • Emirates NBD bumps up loan to $500m

    Emirates NBD, a Dubai-based bank, has closed its dual-tranche loan at $500m with 15 lenders, increasing it from an initial size of $400m.

    • 06 Aug 2019
  • Pertamina closes $1.85bn project financing

    Indonesia’s state-owned oil and natural gas company Pertamina has raised a $1.85bn project loan from a group of 12 banks.

    • 06 Aug 2019
  • Danakali to raise loan for Eritrean mining project

    Australian potash company Danakali will raise a $200m credit facility from lenders in Africa. The syndicated facility will go towards funding the planned Colluli potash project in Eritrea.

    • 05 Aug 2019
  • Polish borrowers to take advantage of market conditions as Żabka closes

    Corporate borrowing activity is expected to be sustained throughout the second half of the year as borrowers "take advantage" of the liquidity in the loan market. The expectation comes in the aftermath of two large dividend recapitalisation transactions by Polish corporates, Allegro and Żabka, in the second quarter.

    • 05 Aug 2019
  • Terms emerge for Lesso’s $900m loan

    China Lesso Group Holding has launched a $900m four year borrowing into general syndication.

    • 05 Aug 2019
  • New Frontier eyes $300m acquisition loan

    New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning to raise $300m-equivalent to support its $1.44bn purchase of China’s United Family Healthcare.

    • 02 Aug 2019
  • Aboitiz Power closes acquisition loan with 22 banks

    The Philippines’ Aboitiz Power Corp has found support from a group of 22 banks for a $300m loan that will finance its acquisition of AC Energy’s thermal power company.

    • 02 Aug 2019
  • People moves in brief

    BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.

    • 01 Aug 2019
  • Corporates co-ordinate in ‘dying’ loan syndication business

    Savvy borrowers are squeezing loan banks out of co-ordinator spots by increasingly arranging their own deals, in a slow burning trend that has been thrust into much sharper focus in the EMEA loan markets after a year of painfully low volumes.

    • 01 Aug 2019
  • Loans in brief: August 2, 2019

    Sibanthracite to switch loan from dollars to euros — IGT cuts size, stretches tenor of bank debt — Keywords hits power up on revolver — Resolute turns to lenders to refi M&A debt — Future taps revolver for Smartbrief buy — Fraport enters the Schuldschein market for more

    • 01 Aug 2019
  • Domanico moves on again at Créd Ag

    Crédit Agricole has appointed Sébastien Domanico as head of global markets for Europe, the Middle East and Africa, just weeks after he was picked to lead a different division at the bank.

    • 01 Aug 2019
  • M&A financing moves up a gear as new deals hit market

    A recent flurry of leveraged and acquisition financing activity in Asia has caught the attention of loans bankers hungry for new assets. But as trade tensions and fears about a growth slowdown ramp up, the pressure on the market is high, writes Pan Yue.

    • 01 Aug 2019
  • ENBD acquires DenizBank, Gulf bank M&A boom continues

    Dubai's biggest bank, Emirates NBD, has completed its acquisition of Turkey's DenizBank from Sberbank as the binge of bank mergers in the Gulf continues.

    • 01 Aug 2019

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 239,045.44 645 10.99%
2 Bank of America Merrill Lynch 227,063.92 705 10.44%
3 Citi 131,956.24 404 6.07%
4 Wells Fargo Securities 120,593.84 450 5.55%
5 MUFG 110,142.88 632 5.07%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,579.59 9 9.39%
2 Standard Chartered Bank 3,038.82 11 7.97%
3 First Abu Dhabi Bank 2,978.95 13 7.81%
4 BNP Paribas 2,705.06 6 7.09%
5 Citi 2,288.85 10 6.00%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,350.79 41 6.53%
2 Goldman Sachs 7,212.42 37 6.41%
3 BNP Paribas 7,151.10 53 6.36%
4 Credit Agricole CIB 6,659.77 36 5.92%
5 Barclays 6,209.03 28 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 31,351.09 133 7.80%
2 Credit Agricole CIB 27,347.56 115 6.80%
3 JPMorgan 23,350.32 62 5.81%
4 Bank of America Merrill Lynch 22,838.09 62 5.68%
5 UniCredit 19,966.03 111 4.97%

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%