Latest leveraged/non-investment grade loans news

  • Marina Bay Sands seeks S$4bn in new money

    Singapore’s Marina Bay Sands is seeking a total of S$4bn ($2.9bn) from the loan market, while also planning to extend an old borrowing from 2012.

    • 09:45 AM
  • Private debt: a Goldilocks moment

    Europe’s private debt markets are progressing admirably. More and more companies are issuing, or at least aware of the possibility — and they have a varied choice of markets. Players in the Schuldschein and US PP markets are confident and looking ahead to new opportunities, as the products grow in geographical reach, asset class and technique. As Jon Hay reports, there’s just one snag — the credit cycle is nearing its end.

    • 17 Jun 2019
  • Schuldschein sizes up digital crowd as 11 compete for crown

    The Schuldschein market has become a hotbed of technological innovation over the past 12 months, with as many as 11 digital platforms cropping up, claiming to have solutions to the instrument’s age-old, if slightly charming, inefficiencies. Silas Brown looks into the secrets to a digital platform’s success.

    • 17 Jun 2019
  • Schuldschein expands eastward in a digital age

    VIENNA PRIVATE DEBT ROUNDTABLE The Schuldschein market is widening its circle of issuers and investors. It is now a natural choice for Austrian companies wanting to complement bank funding, but not necessarily big enough to issue public bonds.

    • 17 Jun 2019
  • Euro PP: not dead, but in hiding

    The Euro private placement as an organised, visible, investment grade-like market has disappointed its founders. But despite unfavourable monetary policy, institutional corporate lending has taken hold. As Jon Hay discovers, the deals are there — but well camouflaged.

    • 17 Jun 2019
  • US PP market swells amid Brexit uncertainty

    The US private placement market has carved itself quite a following among borrowers in the UK and Europe, with its enticing offer of long dated debt at tight margins. But since Britain voted to leave the European Union, agents are playing on another of the market’s strengths — its resilience to external shocks. Silas Brown investigates.

    • 17 Jun 2019
  • Schuldschein eyes Italy and Iberia as green shoots appear

    FRANKFURT PRIVATE DEBT ROUNDTABLE The Schuldschein market has kept up its momentum across Europe and elsewhere, but two regions have been curiously quiet. Iberia and Italy have implied investment grade borrowers well suited to the market, yet only a few have been tempted to use it. Are there barriers to entry and how can they be overcome?

    • 17 Jun 2019
  • US PP buyers stay strong on UK as SSD goes international

    LONDON PRIVATE DEBT ROUNDTABLE The UK’s private debt market is one of the most vibrant in Europe. London is the most active centre in Europe for US private placement investing, and UK borrowers have longstanding links with that market.

    • 17 Jun 2019
  • City of London sparks PP interest in UK councils

    The City of London Corporation, via its endowment fund the City’s Cash, is set to enter the US private placement market for the first time. While UK councils are still a rare sight in the US PP market, agents believe they may be a fruitful asset class for the future. Silas Brown reports.

    • 17 Jun 2019
  • Companies find new ways to link up with alternative lenders

    PARIS PRIVATE DEBT ROUNDTABLE European private debt markets are developing fast and diversifying — although many market participants would rather they became standardised. The Euro Private Placement market, founded in France, has not blossomed into a rival to the US PP. Many French issuers now travel to Germany’s larger Schuldschein market.

    • 17 Jun 2019

Leveraged/non-investment grade loans news archive


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Capital markets data from GlobalCapital

all loans league tables

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 173,147.12 450 11.30%
2 Bank of America Merrill Lynch 164,881.69 499 10.76%
3 Citi 96,637.54 282 6.31%
4 Wells Fargo Securities 87,381.79 321 5.70%
5 Mizuho 71,530.71 327 4.67%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 First Abu Dhabi Bank 2,481.46 9 9.72%
2 Standard Chartered Bank 2,311.00 7 9.05%
3 Citi 1,786.67 6 7.00%
4 Sumitomo Mitsui Financial Group 1,489.50 4 5.83%
5 MUFG 1,349.82 5 5.29%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,388.55 35 7.23%
2 Credit Agricole CIB 5,167.13 26 6.94%
3 Deutsche Bank 5,163.07 27 6.93%
4 Goldman Sachs 4,132.89 22 5.55%
5 JPMorgan 4,083.96 19 5.48%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 21,626.10 74 8.29%
2 BNP Paribas 19,199.68 81 7.36%
3 Bank of America Merrill Lynch 17,431.25 46 6.69%
4 Deutsche Bank 12,826.80 46 4.92%
5 SG Corporate & Investment Banking 12,165.84 59 4.67%

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%