Latest investment grade loans news
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PP: Live Data
Please see below.
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Loans in brief: 16/08/2019
Tottenham to win its spurs in US PP market - Gewobag closes Schuldschein with ‘well over €1bn’ bids - Fresenius enters Schuldschein market on hunt for euros - BUUK Infrastructure sells US private placement - Ovo Group the latest to court SSE energy retail arm - Competition for UK housing association lending rises
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Tottenham to win its spurs in US PP market
London football club Tottenham Hotspur FC has entered the US private placement market, looking for £350m to partly pay off bank loans generated from the construction of its new stadium.
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Loan veterans fear juniorisation of market
Some senior loan bankers believe there is an increasing shift in hiring practices towards junior staff, as the syndicated lending market faces mounting pressure on lenders to cut costs.
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Fresenius enters Schuldschein market on hunt for euros
German healthcare company Fresenius has launched a Schuldschein across three tenors.
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Competition for UK housing association lending rises
The UK’s Peabody Trust has signed a £75m sustainability-linked loan from BNP Paribas, as competition for UK housing association lending ramps up.
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Details emerge on ZF blockbuster Schuldschein return
ZF Friedrichshafen is targeting the end of August to launch its grand return to the Schuldschein market, according to people with knowledge of the situation. The German car parts maker’s €2.2bn issue in November 2014 is the biggest deal the market has ever seen but a bigger deal may be on the way.
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ING creates sustainability derivative
ING has launched the world’s first sustainability improvement derivative, a derivative with a credit spread that is linked to sustainability performance. The trade comes amid growing demand for environmental, social and governance derivatives products.
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Gewobag closes Schuldschein with ‘well over €1bn’ bids
German housing company Gewobag has closed a Schuldschein in the next few days with well over €1bn of orders, in a transaction that could be the largest of this year so far.
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Dürr digs deeper into green borrowing
Germany’s Dürr has signed a €750m sustainability-linked loan using blockchain technology, as the mechanical and plant engineering firm continues its push into sustainability refinancing that started with a green Schuldschein.
Comment
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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.
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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 | 238,603.85 | 642 | 11.02% |
| 2 | Bank of America Merrill Lynch | 226,554.58 | 701 | 10.46% |
| 3 | Citi | 131,576.49 | 402 | 6.07% |
| 4 | Wells Fargo Securities | 119,878.50 | 447 | 5.53% |
| 5 | MUFG | 109,203.46 | 621 | 5.04% |
Bookrunners of Middle East and Africa Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 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 % |
|---|---|---|---|---|
| 1 | BNP Paribas | 7,083.69 | 52 | 6.37% |
| 2 | Deutsche Bank | 6,886.84 | 39 | 6.20% |
| 3 | Goldman Sachs | 6,877.67 | 36 | 6.19% |
| 4 | Credit Agricole CIB | 6,659.77 | 36 | 5.99% |
| 5 | Barclays | 6,209.03 | 28 | 5.59% |
Bookrunners of European Marketed Syndicated Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 31,283.69 | 132 | 7.81% |
| 2 | Credit Agricole CIB | 27,347.56 | 115 | 6.83% |
| 3 | JPMorgan | 23,350.32 | 62 | 5.83% |
| 4 | Bank of America Merrill Lynch | 22,698.09 | 61 | 5.67% |
| 5 | UniCredit | 19,891.92 | 110 | 4.97% |
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% |
