Latest investment grade loans news
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US investors launch into sterling to boost PP demand for UK names
US private placement (US PP) investors hailing from the United States are ramping up competition for sterling PP deals, as swap costs dwindle and key comparables in US markets tempt those buyers across the pond. Silas Brown reports.
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Loans in Brief: 11/10/2018
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Starwood keeps A&E ticking over
London-listed Starwood European Real Estate Finance has added two years to the maturity of its sterling revolving credit facility, as Western European loans bankers get settled in for months of amend and extend exercises running up to year end.
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Newlon Housing returns to US PP market
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Newlon Housing Trust, a north and east London housing association rated A3 by Moody's, has returned to the US private placement market, raising £135m.
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CBD Aviation lands secured loan
Ireland’s CDB Aviation has signed a $700m secured portfolio financing facility from eight banks, as the company looks to diversify its funding sources.
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Aramco and Total plot $9bn complex
Saudi Aramco and oil major Total on Monday signed an engineering and design contract to build a $9bn petrochemical complex on Saudi Arabia’s east coast.
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Southern Electric hits road with dollar and sterling PP
GlobalCapital understands UK utility company Scottish and Southern Electric (SSE) is roadshowing in the US private placement (US PP) market for £400m ($528m) equivalent offer across dollars and sterling.
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Loans in Brief: 05/10/2018
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Nestlé embodies Q4 loans with refi and extend
Switzerland’s Nestlé has refinanced or extended loans totaling around €11bn, and lenders say that the rest of the year will be populated by similar transactions in the investment grade market.
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Prodware taps loan market for refi
France’s Prodware has signed €92.5m of senior debt financing, as the management software consultant looks to refinance all its debt and fund growth plans.
Comment
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HSBC mutiny memo is a chance for Flint to show character
The lengthy complaint about HSBC management drafted, purportedly, by investment bankers within the firm must be taken seriously and investigated, if its new CEO John Flint wants to win the confidence of the rest of the staff and shareholders.
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Bank Profiles
Latest news by market and league table performance
Global Syndicated Loan Volume
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 362,519.18 | 1044 | 10.81% |
| 2 | Bank of America Merrill Lynch | 333,971.00 | 1064 | 9.96% |
| 3 | Citi | 194,932.99 | 580 | 5.82% |
| 4 | Wells Fargo Securities | 187,341.25 | 695 | 5.59% |
| 5 | MUFG | 140,036.52 | 891 | 4.18% |
Bookrunners of Middle East and Africa Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 5,291.43 | 13 | 7.64% |
| 2 | Citi | 4,953.84 | 13 | 7.16% |
| 3 | JPMorgan | 4,763.03 | 12 | 6.88% |
| 4 | Mizuho | 4,520.75 | 12 | 6.53% |
| 5 | Sumitomo Mitsui Financial Group | 4,112.05 | 7 | 5.94% |
Bookrunners of European Leveraged Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 16,684.16 | 83 | 7.43% |
| 2 | Credit Agricole CIB | 13,287.71 | 61 | 5.92% |
| 3 | Deutsche Bank | 12,890.62 | 50 | 5.74% |
| 4 | Goldman Sachs | 12,767.85 | 54 | 5.69% |
| 5 | UniCredit | 11,414.29 | 66 | 5.09% |
Bookrunners of European Marketed Syndicated Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 42,985.58 | 172 | 7.09% |
| 2 | JPMorgan | 38,694.99 | 77 | 6.39% |
| 3 | Credit Agricole CIB | 32,828.90 | 156 | 5.42% |
| 4 | UniCredit | 32,244.17 | 143 | 5.32% |
| 5 | SG Corporate & Investment Banking | 31,187.44 | 119 | 5.15% |
Syndicated Loan Revenue - EMEA
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 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% |
