GLOBAL SYNDICATED LOANS · 2018-01-02 · Bloomberg. Global Syndicated Loans | FY 2017. Bloomberg...

GLOBALSYNDICATED LOANSLEAGUE TABLES

FY 2017

DATA SUBMISSIONS AND QUERIES

Email

[email protected]

[email protected]

[email protected]

[email protected]

North America

Latin America

Europe/Middle East

Africa

Asia Pacific

Contact

Paul Bandong

Michael Mandarino

Katy Johnson

Bidemi Wale-Kuteyi

Xin Yu Chen

Phone

+1 609 279 5187

+1 646 324 4218

+44 20 35250920

+44 20 35257246

+65 6212 1123 [email protected]

Bloomberg’s global syndicated loans database consists of more than 54,000 active loan tranches (and approximately 160,000 replaced or retired loans), covering nearly 40,000 unique borrowers across more than 200 countries and 100 different currencies.

LEAG<GO> for a full range of league tables

LOAN<GO> for Bloomberg’s syndicated loans product

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

FULL YEAR 2017

MANAGER RANKINGS

GLOBAL SYNDICATED LOANS

© 2017 Bloomberg Finance L.P. All rights reserved.

CONTENTS

1. Global market review

2. US market review

3. Canada market review

4. Latin America market review

5. EMEA market review

6. Asia Pacific market review

7. Table criteria

Bloomberg GlobalSyndicatedLoans|FY2017

BloombergLeagueTableReports Page1

GlobalSyndicatedLoansReviewFY2017totalGlobalLoansvolumeincreased8.72%toUSD4.3Trlnwhilethetotalnumberofdealsincreased0.88%to8,065dealsyear-on-year.TotalGlobalBridgeLoansvolumedecreased51.35%year-on-yeartoUSD143.4Blnwhilethetotalnumberofdealsdecreased13.04%to120.BankofAmericaMerrillLynchrankedasthetopGlobalLoansbookrunnerforFY2017with9.46%ofcreditedmarketshare.Thebankactedasbookrunnerin1,412dealsovertheperiod.JPMorganandCitirankedsecondandthirdwith9.22%and5.42%ofcreditedmarketshare,respectively.

GlobalLoans(Bookrunner)

FY2017 FY2016

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofAmericaMerrillLynch 1 9.464 364,660 1,412 2 9.956 -0.492

JPMorgan 2 9.217 355,120 1,315 1 10.605 -1.388

Citi 3 5.422 208,903 797 3 6.065 -0.643

WellsFargo 4 5.287 203,722 939 4 5.405 -0.118

Barclays 5 4.110 158,346 673 5 3.593 0.517

DeutscheBank 6 3.638 140,179 623 6 3.586 0.052

GoldmanSachs 7 3.451 132,976 596 9 2.819 0.632

CreditSuisse 8 3.222 124,157 584 11 2.792 0.430

RBCCapitalMarkets 9 3.199 123,271 561 12 2.642 0.557

HSBC 10 3.171 122,200 534 7 2.942 0.229

TOTAL 100% 3,853,093 6,723 100%

GlobalLoans:IndustryBreakdown

19%

16%

11%10%

8%8%

8%

8%

6%

6% Industry Volume(USDMln) %OfTotal %YOYChange

Financials 822,887 19.0% 11.2%

ConsumerDiscretionary 688,047 15.9% 19.1%

Industrials 488,122 11.3% 5.4%

Energy 423,739 9.8% 27.7%

ConsumerStaples 344,643 8.0% 18.3%

Technology 336,768 7.8% 11.6%

Communications 336,350 7.8% 2.4%

Materials 329,899 7.6% -5.9%

HealthCare 277,772 6.4% -2.0%

Utilities 242,090 5.6% -10.8%

Government 35,725 0.8% -11.9%

GlobalLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

500500

1,0001,000

USDBln

USDBln

00

1,4001,400

1,0001,000

2,0002,000

DealC

ountDealC

ount

00

2,5002,500

DealCount Amount

GlobalBridgeLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

5050

100100

USDBln

USDBln

00

120120

2020

4040

DealC

ountDealC

ount

00

5050

DealCount Amount

GlobalSponsor-LedLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

100100

200200

USDBln

USDBln

00

300300

200200

400400 DealC

ountDealC

ount

00

600600

DealCount Amount

Sukuk&IslamicFinancing:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

1010

2020

USDBln

USDBln

00

3030

1010

2020 DealC

ountDealC

ount

00

3030

DealCount Amount



GlobalLoans(Bookrunner)FY2017 FY2016



JPMorgan 2 9.217 355,120 1,315 1 10.605 -1.388

Citi 3 5.422 208,903 797 3 6.065 -0.643

WellsFargo 4 5.287 203,722 939 4 5.405 -0.118

Barclays 5 4.110 158,346 673 5 3.593 0.517

DeutscheBank 6 3.638 140,179 623 6 3.586 0.052

GoldmanSachs 7 3.451 132,976 596 9 2.819 0.632

CreditSuisse 8 3.222 124,157 584 11 2.792 0.430


HSBC 10 3.171 122,200 534 7 2.942 0.229

MorganStanley 11 2.776 106,944 429 13 2.101 0.675

BNPParibas 12 2.501 96,372 497 10 2.792 -0.291

MitsubishiUFJFinancialGroupInc 13 2.291 88,286 438 8 2.938 -0.647

BMOCapitalMarkets 14 1.804 69,496 421 16 1.540 0.264

MizuhoFinancial 15 1.764 67,963 307 15 1.946 -0.182

BankofChina 16 1.705 65,683 224 14 1.956 -0.251

TDSecurities 17 1.579 60,836 242 17 1.457 0.122

Scotiabank 18 1.466 56,504 256 19 1.377 0.089

CreditAgricoleCIB 19 1.381 53,222 338 18 1.427 -0.046

USBancorp 20 1.316 50,692 314 22 1.222 0.094

TOTAL 100% 3,853,093 6,723 100%

GlobalLoans(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 8.263 349,438 1,400 1 9.796 -1.533


Citi 3 5.208 220,242 922 3 5.686 -0.478

WellsFargo 4 4.692 198,415 988 4 4.812 -0.120

Barclays 5 3.550 150,110 755 7 3.188 0.362

DeutscheBank 6 3.242 137,123 713 5 3.317 -0.075

GoldmanSachs 7 3.154 133,365 620 9 2.650 0.504


HSBC 9 2.976 125,869 803 8 2.771 0.205

CreditSuisse 10 2.937 124,225 626 11 2.411 0.526


MorganStanley 12 2.567 108,557 435 15 1.746 0.821

BNPParibas 13 2.421 102,367 723 10 2.560 -0.139

BankofChina 14 2.025 85,642 465 13 2.055 -0.030




SumitomoMitsuiFinancial 18 1.439 60,843 405 19 1.427 0.012

Scotiabank 19 1.424 60,219 303 21 1.332 0.092

INGGroep 20 1.382 58,437 528 18 1.441 -0.059

TOTAL 100% 4,228,994 7,713 100%

GlobalSponsor-LedLoans(Bookrunner)FY2017 FY2016


GoldmanSachs 1 7.270 63,139 313 3 7.228 0.042

BankofAmericaMerrillLynch 2 7.216 62,668 328 1 8.472 -1.256

CreditSuisse 3 6.903 59,952 315 2 7.450 -0.547

JPMorgan 4 6.767 58,773 278 6 5.543 1.224

Barclays 5 6.180 53,678 277 4 6.592 -0.412

MorganStanley 6 5.711 49,596 235 7 5.488 0.223

DeutscheBank 7 5.496 47,729 266 5 6.514 -1.018

Jefferies 8 4.667 40,538 220 10 3.158 1.509

Citi 9 4.461 38,746 187 8 4.792 -0.331


WellsFargo 11 3.077 26,725 139 11 2.962 0.115

KohlbergKravisRoberts&Co 12 2.819 24,485 78 39 0.389 2.430

UBS 13 2.562 22,254 126 12 2.882 -0.320

Nomura 14 2.527 21,947 92 16 1.846 0.681

Macquarie 15 2.250 19,542 115 18 1.622 0.628

HSBC 16 2.096 18,205 108 14 2.496 -0.400

AntaresCapitalLP 17 1.939 16,842 160 13 2.645 -0.706

SunTrustRobinsonHumphrey 18 1.800 15,635 122 17 1.638 0.162


BNPParibas 20 1.673 14,526 102 15 2.071 -0.398

TOTAL 100% 868,508 1,610 100%

GlobalSponsor-LedLoans(MandatedLeadArranger)FY2017 FY2016


GoldmanSachs 1 6.971 61,392 315 2 7.057 -0.086


CreditSuisse 3 6.778 59,687 322 3 6.936 -0.158

JPMorgan 4 6.610 58,207 279 6 5.594 1.016

Barclays 5 5.951 52,406 273 5 6.303 -0.352

MorganStanley 6 5.573 49,076 235 7 5.513 0.060

DeutscheBank 7 5.443 47,938 275 4 6.406 -0.963

Jefferies 8 4.494 39,574 220 10 3.154 1.340

Citi 9 4.305 37,911 184 8 4.400 -0.095


WellsFargo 11 2.897 25,515 139 11 2.982 -0.085


UBS 13 2.500 22,018 121 12 2.893 -0.393

Nomura 14 2.436 21,454 92 16 1.779 0.657

Macquarie 15 2.265 19,950 117 19 1.576 0.689



HSBC 18 1.911 16,828 120 14 2.322 -0.411


BNPParibas 20 1.701 14,982 118 15 1.961 -0.260

TOTAL 100% 880,654 1,681 100%



GlobalBridgeLoans(Bookrunner)FY2017 FY2016


Barclays 1 12.376 16,066 10 4 6.280 6.096

HSBC 2 11.904 15,454 20 9 4.074 7.830


DeutscheBank 4 5.224 6,781 12 3 6.802 -1.578

JPMorgan 5 5.011 6,505 17 1 17.874 -12.863

BNPParibas 6 4.988 6,475 15 8 4.299 0.689

CreditSuisse 7 4.542 5,897 8 12 3.028 1.514

TDSecurities 8 3.469 4,503 3 25 0.796 2.673

SocieteGenerale 9 3.383 4,391 10 15 1.683 1.700

CreditAgricoleCIB 10 3.125 4,056 9 14 2.112 1.013

UniCredit 11 3.097 4,020 9 11 3.133 -0.036

MorganStanley 12 2.575 3,342 4 10 3.577 -1.002

IntesaSanpaolo 13 2.169 2,815 2 18 1.258 0.911

Citi 14 2.039 2,647 11 5 5.900 -3.861

INGGroep 15 1.670 2,168 8 19 1.235 0.435

Commerzbank 16 1.662 2,157 9 17 1.274 0.388


BancoSantander 18 1.424 1,848 6 20 1.189 0.235

BancoBilbaoVizcayaArgentaria 19 1.246 1,617 2 22 1.103 0.143

Natixis 20 1.240 1,610 5 27 0.444 0.796

TOTAL 100% 129,814 88 100%

GlobalBridgeLoans(MandatedLeadArranger)FY2017 FY2016


HSBC 1 10.106 14,256 31 10 2.925 7.181

JPMorgan 2 6.210 8,760 23 1 14.348 -8.138



BNPParibas 5 4.043 5,704 24 11 2.734 1.309



INGGroep 8 3.044 4,295 17 18 1.907 1.137

Barclays 9 2.924 4,125 13 9 3.239 -0.315

UniCredit 10 2.900 4,090 12 15 2.096 0.804

Citi 11 2.875 4,056 17 4 5.720 -2.845

Commerzbank 12 2.757 3,889 13 17 1.947 0.810

CreditSuisse 13 2.696 3,803 8 14 2.221 0.475

BancoSantander 14 2.476 3,493 12 13 2.416 0.060

NatWestMarkets 15 2.464 3,476 6 - - 2.464

MorganStanley 16 2.369 3,342 4 31 0.615 1.754

SumitomoMitsuiFinancial 17 2.303 3,249 11 12 2.587 -0.284


DeutscheBank 19 1.995 2,814 13 3 6.623 -4.628

IntesaSanpaolo 20 1.912 2,698 4 19 1.752 0.160

TOTAL 100% 141,070 117 100%



USLoansReviewFY2017totalUSLoansvolumeincreased18.97%toUSD2.4Trlnwhilethetotalnumberofdealsincreased8.75%to4,038dealsyear-on-year.TotalUSLeveragedLoansvolumeincreased48.43%year-on-yeartoUSD1.5Trlnwhilethetotalnumberofdealsincreased22.69%to2,720.BankofAmericaMerrillLynchrankedasthetopUSLoansbookrunnerforFY2017with13.52%ofcreditedmarketshare.Thebankactedasbookrunnerin1,287dealsovertheperiod.JPMorganandWellsFargorankedsecondandthirdwith13.02%and8.50%ofcreditedmarketshare,respectively.

USLoans(Bookrunner)

FY2017 FY2016



JPMorgan 2 13.017 306,575 1,168 2 14.341 -1.324

WellsFargo 3 8.495 200,093 905 3 9.332 -0.837

Citi 4 7.327 172,570 624 4 8.278 -0.951

Barclays 5 4.991 117,551 535 5 4.586 0.405

GoldmanSachs 6 4.792 112,868 527 9 3.608 1.184

MorganStanley 7 3.996 94,107 387 10 2.990 1.006

CreditSuisse 8 3.983 93,804 481 7 3.712 0.271

DeutscheBank 9 3.866 91,053 436 6 3.988 -0.122


TOTAL 100% 2,355,277 3,695 100%

USLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

100100

200200

300300

400400

500500

600600

USDBln

USDBln

00

700700

200200

400400

600600

800800

1,0001,000

1,2001,200

DealC

ountDealC

ount

00

1,4001,400

DealCount Amount

Financials19%

ConsumerDiscretionary18%

Technology11%

Communications9%

HealthCare9%

Industrials9%

Energy8%

ConsumerStaples7%

Materials6%

Others5%

USLeveragedFinance:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

200200

400400

USDBln

USDBln

00

600600

USLeveragedLoans

USHighYieldCorporateBonds

USLoans:IndustryBreakdown

USLoans:IndustryBreakdown

Industry Volume(USDMln) %OfTotal %YOYChange

Financials 467,341 19.2% 20.0%


Technology 267,937 11.0% 15.4%

Communications 222,289 9.1% 43.4%

HealthCare 211,665 8.7% 45.1%

Industrials 209,859 8.6% -0.7%

Energy 202,852 8.3% 42.9%


Materials 139,524 5.7% 17.4%

Utilities 108,225 4.4% -0.9%

Government 3,325 0.1% 194.2%

19%

18%

11%9%

9%

9%

8%

7%

6%

5%



USLoans(Bookrunner)FY2017 FY2016



JPMorgan 2 13.017 306,575 1,168 2 14.341 -1.324

WellsFargo 3 8.495 200,093 905 3 9.332 -0.837

Citi 4 7.327 172,570 624 4 8.278 -0.951

Barclays 5 4.991 117,551 535 5 4.586 0.405

GoldmanSachs 6 4.792 112,868 527 9 3.608 1.184

MorganStanley 7 3.996 94,107 387 10 2.990 1.006

CreditSuisse 8 3.983 93,804 481 7 3.712 0.271

DeutscheBank 9 3.866 91,053 436 6 3.988 -0.122



USBancorp 12 2.146 50,549 312 12 2.180 -0.034


Jefferies 14 1.838 43,299 242 23 0.843 0.995

HSBC 15 1.651 38,878 164 15 1.706 -0.055


BNPParibas 17 1.554 36,604 163 13 1.996 -0.442

PNCFinancialServicesGroupInc 18 1.538 36,224 259 17 1.574 -0.036


UBS 20 1.200 28,261 160 19 1.034 0.166

TOTAL 100% 2,355,277 3,695 100%

USLoans(MandatedLeadArranger)FY2017 FY2016



JPMorgan 2 12.516 299,180 1,196 1 14.799 -2.283

WellsFargo 3 8.075 193,031 936 3 8.882 -0.807

Citi 4 7.518 179,707 647 4 8.281 -0.763

Barclays 5 4.833 115,523 528 5 4.472 0.361

GoldmanSachs 6 4.651 111,183 516 8 3.533 1.118

CreditSuisse 7 3.977 95,061 477 9 3.526 0.451

MorganStanley 8 3.899 93,205 377 10 2.891 1.008

DeutscheBank 9 3.855 92,145 446 6 3.999 -0.144



USBancorp 12 2.235 53,429 345 12 2.169 0.066


PNCFinancialServicesGroupInc 14 1.841 44,010 313 16 1.747 0.094

Jefferies 15 1.773 42,372 240 24 0.843 0.930

BNPParibas 16 1.699 40,608 177 13 1.939 -0.240



HSBC 19 1.529 36,545 171 17 1.614 -0.085

UBS 20 1.130 27,014 152 20 1.054 0.076

TOTAL 100% 2,390,342 3,851 100%

USLoans-NewMoney(Bookrunner)FY2017 FY2016


BankofAmericaMerrillLynch 1 13.613 105,038 769 2 12.974 0.639

JPMorgan 2 11.625 89,695 684 1 13.703 -2.078

WellsFargo 3 7.716 59,532 521 3 8.689 -0.973

Citi 4 6.687 51,592 319 4 6.335 0.352

GoldmanSachs 5 4.834 37,300 308 8 3.677 1.157

Barclays 6 4.798 37,018 296 5 4.581 0.217

CreditSuisse 7 3.557 27,448 276 6 4.395 -0.838

MorganStanley 8 3.357 25,900 205 11 2.941 0.416


Jefferies 10 2.767 21,353 186 20 1.476 1.291

DeutscheBank 11 2.566 19,795 229 7 4.086 -1.520





USBancorp 16 1.829 14,113 190 13 1.992 -0.163

BNPParibas 17 1.662 12,824 92 18 1.496 0.166


KeyBancCapitalMarkets 19 1.419 10,947 161 22 1.390 0.029

CitizensFinancialGroupInc 20 1.349 10,411 169 23 1.221 0.128

TOTAL 100% 771,576 2,478 100%

USLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016



JPMorgan 2 11.167 87,815 705 1 14.489 -3.322

WellsFargo 3 7.679 60,384 547 3 8.394 -0.715

Citi 4 6.839 53,780 328 4 6.156 0.683

Barclays 5 4.623 36,352 294 5 4.229 0.394

GoldmanSachs 6 4.586 36,060 301 8 3.678 0.908

CreditSuisse 7 3.545 27,874 273 6 4.116 -0.571

MorganStanley 8 3.318 26,093 205 11 2.843 0.475


DeutscheBank 10 2.735 21,508 234 7 3.982 -1.247

Jefferies 11 2.584 20,316 185 19 1.478 1.106





USBancorp 16 1.960 15,409 209 14 1.883 0.077

BNPParibas 17 1.729 13,595 101 22 1.367 0.362

AntaresCapitalLP 18 1.685 13,252 174 18 1.557 0.128



TOTAL 100% 786,343 2,608 100%



USInvestmentGradeLoans(Bookrunner)FY2017 FY2016


JPMorgan 1 19.726 123,636 314 1 21.209 -1.483


Citi 3 12.648 79,273 201 3 13.084 -0.436

WellsFargo 4 9.383 58,811 230 4 8.252 1.131


Barclays 6 4.145 25,983 96 6 3.905 0.240


BNPParibas 8 2.779 17,416 60 8 3.483 -0.704

USBancorp 9 2.619 16,414 89 10 2.304 0.315


HSBC 11 2.132 13,362 31 15 1.406 0.726

DeutscheBank 12 1.832 11,481 32 9 2.335 -0.503

GoldmanSachs 13 1.817 11,390 36 11 2.092 -0.275

Scotiabank 14 1.560 9,781 50 20 0.833 0.727

MorganStanley 15 1.432 8,978 31 12 1.656 -0.224



CreditSuisse 18 1.012 6,345 20 19 0.871 0.141

TDSecurities 19 0.957 5,999 25 16 1.226 -0.269


TOTAL 100% 626,778 455 100%

USInvestmentGradeLoans(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 18.884 120,037 320 1 21.764 -2.880


Citi 3 13.110 83,335 214 3 13.158 -0.048

WellsFargo 4 9.158 58,214 241 4 7.789 1.369


Barclays 6 4.059 25,799 98 7 3.812 0.247


USBancorp 8 2.822 17,938 101 9 2.422 0.400

BNPParibas 9 2.781 17,676 60 8 3.167 -0.386


HSBC 11 2.017 12,824 35 15 1.349 0.668

DeutscheBank 12 1.941 12,338 38 10 2.366 -0.425

GoldmanSachs 13 1.640 10,427 36 11 2.069 -0.429

Scotiabank 14 1.588 10,091 53 18 1.102 0.486

MorganStanley 15 1.408 8,953 31 12 1.616 -0.208



TDSecurities 18 1.018 6,470 28 16 1.262 -0.244

CreditSuisse 19 0.973 6,186 22 20 0.827 0.146


TOTAL 100% 635,667 476 100%

USInvestmentGradeLoans-NewMoney(Bookrunner)FY2017 FY2016



JPMorgan 2 17.743 31,018 150 1 23.518 -5.775

Citi 3 12.341 21,574 91 3 9.200 3.141

WellsFargo 4 8.309 14,526 108 4 7.640 0.669

Barclays 5 5.705 9,973 41 7 3.347 2.358


BNPParibas 7 3.339 5,837 28 10 2.643 0.696

GoldmanSachs 8 2.622 4,584 22 11 2.420 0.202

USBancorp 9 2.482 4,339 44 14 1.967 0.515



MorganStanley 12 1.789 3,128 15 12 2.343 -0.554


HSBC 14 1.656 2,896 9 21 0.683 0.973

CreditSuisse 15 1.391 2,433 10 18 1.094 0.297

DeutscheBank 16 1.015 1,774 13 8 2.934 -1.919


UBS 18 0.994 1,738 3 35 0.099 0.895



TOTAL 100% 174,822 238 100%

USInvestmentGradeLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016



JPMorgan 2 17.348 30,801 156 1 25.934 -8.586

Citi 3 12.966 23,020 99 3 9.056 3.910

WellsFargo 4 9.550 16,955 119 4 7.278 2.272

Barclays 5 5.585 9,916 45 8 2.742 2.843


BNPParibas 7 3.195 5,672 28 12 2.157 1.038

USBancorp 8 2.614 4,640 52 13 2.110 0.504

GoldmanSachs 9 2.169 3,851 23 10 2.425 -0.256




MorganStanley 13 1.790 3,178 16 11 2.261 -0.471

HSBC 14 1.263 2,242 13 19 0.763 0.500

CreditSuisse 15 1.215 2,156 12 17 1.039 0.176


DeutscheBank 17 1.201 2,133 19 9 2.656 -1.455


TDSecurities 19 0.889 1,579 14 14 2.052 -1.163


TOTAL 100% 177,544 254 100%



USInstitutionalLoans(Bookrunner)FY2017 FY2016


GoldmanSachs 1 8.467 85,931 418 5 7.192 1.275

JPMorgan 2 8.348 84,723 411 7 6.640 1.708


CreditSuisse 4 7.677 77,910 393 1 9.349 -1.672

Barclays 5 7.375 74,845 355 3 7.801 -0.426

MorganStanley 6 7.336 74,454 296 8 6.449 0.887

DeutscheBank 7 6.346 64,401 327 4 7.282 -0.936

Citi 8 5.733 58,178 263 6 6.769 -1.036


Jefferies 10 4.077 41,370 228 11 2.612 1.465

WellsFargo 11 3.030 30,747 182 10 3.950 -0.920


UBS 13 2.248 22,816 134 12 2.606 -0.358


Macquarie 15 1.948 19,769 116 16 1.509 0.439

HSBC 16 1.651 16,758 91 13 2.266 -0.615



Nomura 19 1.506 15,288 80 19 1.135 0.371


TOTAL 100% 1,014,848 1,719 100%

USInstitutionalLoans(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 8.506 86,923 415 6 7.000 1.506

GoldmanSachs 2 8.339 85,211 408 5 7.056 1.283

CreditSuisse 3 7.741 79,103 388 2 8.931 -1.190


Barclays 5 7.262 74,211 347 3 7.591 -0.329

MorganStanley 6 7.216 73,734 288 8 6.291 0.925

DeutscheBank 7 6.236 63,726 323 4 7.215 -0.979

Citi 8 5.690 58,145 257 7 6.681 -0.991


Jefferies 10 3.966 40,521 226 12 2.667 1.299

WellsFargo 11 2.961 30,258 178 10 3.937 -0.976



UBS 14 2.215 22,636 128 11 2.689 -0.474

Macquarie 15 1.926 19,677 116 17 1.454 0.472



HSBC 18 1.483 15,158 87 13 2.160 -0.677

Nomura 19 1.454 14,853 78 20 1.135 0.319


TOTAL 100% 1,021,845 1,777 100%

USInstitutionalLoans-NewMoney(Bookrunner)FY2017 FY2016


GoldmanSachs 1 7.696 25,357 224 7 5.875 1.821

JPMorgan 2 7.410 24,414 205 6 5.905 1.505

CreditSuisse 3 6.545 21,563 215 1 9.103 -2.558

Barclays 4 6.493 21,394 191 2 7.259 -0.766

Jefferies 5 6.010 19,802 171 10 3.830 2.180


MorganStanley 7 5.494 18,100 144 8 5.116 0.378


Citi 9 5.063 16,681 126 4 6.307 -1.244

DeutscheBank 10 4.327 14,258 157 5 6.173 -1.846



Macquarie 13 2.738 9,020 77 16 1.962 0.776

UBS 14 2.267 7,470 83 14 2.647 -0.380

WellsFargo 15 2.164 7,128 82 12 3.399 -1.235

Nomura 16 2.042 6,729 56 21 1.204 0.838





TOTAL 100% 329,478 1,144 100%

USInstitutionalLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 7.569 25,183 207 5 6.014 1.555

GoldmanSachs 2 7.488 24,915 220 6 6.011 1.477

CreditSuisse 3 6.700 22,293 211 1 8.641 -1.941

Barclays 4 6.290 20,927 187 3 7.001 -0.711


Jefferies 6 5.662 18,840 170 10 3.961 1.701

MorganStanley 7 5.479 18,231 143 8 5.023 0.456

Citi 8 5.052 16,807 121 7 5.967 -0.915


DeutscheBank 10 4.635 15,421 156 4 6.123 -1.488



Macquarie 13 2.687 8,939 77 16 1.930 0.757

UBS 14 2.029 6,752 77 14 2.720 -0.691


WellsFargo 16 1.961 6,523 79 12 3.377 -1.416


Nomura 18 1.869 6,218 53 22 1.209 0.660



TOTAL 100% 332,719 1,191 100%



USHighGradeLoans(Bookrunner)FY2017 FY2016



WellsFargo 2 16.256 19,174 86 2 14.512 1.744

JPMorgan 3 14.393 16,977 76 3 12.715 1.678

Citi 4 5.591 6,595 28 4 9.003 -3.412


USBancorp 6 3.991 4,707 32 5 5.302 -1.311



BNPParibas 9 1.826 2,154 6 35 0.299 1.527

BMOCapitalMarkets 10 1.797 2,120 11 9 1.842 -0.045

MizuhoFinancial 11 1.549 1,827 6 - - 1.549

Scotiabank 12 1.348 1,590 6 26 0.566 0.782

Rabobank 13 1.316 1,552 3 19 0.967 0.349

CitizensFinancialGroupInc 14 1.234 1,455 10 16 1.396 -0.162

Barclays 15 1.189 1,402 7 8 1.845 -0.656

CapitalOneFinancial 16 1.148 1,354 8 12 1.597 -0.449

KeyBancCapitalMarkets 17 1.096 1,293 12 10 1.638 -0.542

MorganStanley 18 1.040 1,227 4 11 1.621 -0.581

HSBC 19 1.002 1,182 5 22 0.882 0.120

RegionsFinancialCorp 20 0.928 1,095 13 21 0.904 0.024

TOTAL 100% 117,949 249 100%

USHighGradeLoans(MandatedLeadArranger)FY2017 FY2016



WellsFargo 2 15.448 18,514 91 2 13.834 1.614

JPMorgan 3 13.213 15,836 85 3 12.976 0.237

Citi 4 5.972 7,158 32 4 9.093 -3.121


USBancorp 6 4.504 5,398 37 6 4.502 0.002




BNPParibas 10 1.901 2,279 7 36 0.296 1.605

MizuhoFinancial 11 1.525 1,827 6 46 0.074 1.451


Scotiabank 13 1.285 1,540 5 25 0.493 0.792

Barclays 14 1.149 1,377 8 10 1.854 -0.705

TDSecurities 15 1.143 1,370 8 37 0.254 0.889

CapitalOneFinancial 16 1.096 1,314 10 9 1.944 -0.848

MorganStanley 17 1.024 1,227 4 11 1.632 -0.608

HSBC 18 0.924 1,107 6 20 1.019 -0.095

RegionsFinancialCorp 19 0.922 1,105 15 17 1.156 -0.234


TOTAL 100% 119,849 256 100%

USHighGradeLoans-NewMoney(Bookrunner)FY2017 FY2016



WellsFargo 2 14.949 7,723 59 2 17.728 -2.779

JPMorgan 3 12.031 6,215 52 3 15.826 -3.795

Citi 4 4.828 2,494 15 4 7.139 -2.311


USBancorp 6 2.930 1,513 20 5 6.713 -3.783

BNPParibas 7 2.865 1,480 6 26 0.354 2.511

Rabobank 8 2.829 1,462 3 7 2.175 0.654




Scotiabank 12 2.200 1,137 6 31 0.172 2.028

CapitalOneFinancial 13 2.012 1,039 6 36 0.064 1.948

Barclays 14 1.952 1,008 4 12 1.536 0.416

MorganStanley 15 1.736 897 3 19 0.932 0.804

SunTrustRobinsonHumphrey 16 1.453 750 10 20 0.795 0.658

TDSecurities 17 1.092 564 3 24 0.461 0.631

Industrial&CommBankofChina 18 1.065 550 2 - - 1.065

CitizensFinancialGroupInc 19 0.992 513 8 15 1.270 -0.278

AgriculturalBankofChinaLtd 20 0.968 500 1 - - 0.968

TOTAL 100% 51,661 162 100%

USHighGradeLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016



WellsFargo 2 14.072 7,402 60 2 17.086 -3.014

JPMorgan 3 11.790 6,202 58 3 16.971 -5.181


Citi 5 4.737 2,492 15 4 7.507 -2.770

USBancorp 6 3.459 1,819 22 6 4.695 -1.236

BNPParibas 7 3.052 1,605 7 28 0.348 2.704




Scotiabank 11 2.066 1,087 5 - - 2.066

Rabobank 12 1.923 1,012 3 21 0.681 1.242

Barclays 13 1.888 993 6 11 1.585 0.303

SunTrustRobinsonHumphrey 14 1.864 980 12 22 0.648 1.216

MorganStanley 15 1.698 893 3 18 0.993 0.705

CapitalOneFinancial 16 1.447 761 7 19 0.748 0.699

TDSecurities 17 1.405 739 5 25 0.452 0.953

CitizensFinancialGroupInc 18 1.339 704 9 12 1.416 -0.077



TOTAL 100% 52,601 166 100%



USLeveragedLoans(Bookrunner)FY2017 FY2016



JPMorgan 2 9.939 141,252 683 2 9.192 0.747

GoldmanSachs 3 7.033 99,951 483 8 5.670 1.363

WellsFargo 4 6.390 90,821 457 3 7.841 -1.451

Barclays 5 6.254 88,887 422 5 6.154 0.100

CreditSuisse 6 6.100 86,688 457 4 6.922 -0.822

MorganStanley 7 5.880 83,571 349 9 4.690 1.190

Citi 8 5.585 79,381 365 7 5.731 -0.146

DeutscheBank 9 5.385 76,530 393 6 6.100 -0.715

RBCCapitalMarkets 10 3.948 56,109 309 10 4.013 -0.065

Jefferies 11 3.045 43,283 241 15 1.724 1.321



UBS 14 1.804 25,637 153 12 2.027 -0.223


Macquarie 16 1.494 21,228 129 21 1.045 0.449

HSBC 17 1.478 21,009 113 14 1.886 -0.408




TOTAL 100% 1,421,207 2,493 100%

USLeveragedLoans(MandatedLeadArranger)FY2017 FY2016



JPMorgan 2 9.818 140,892 689 2 9.761 0.057

GoldmanSachs 3 6.890 98,873 472 8 5.595 1.295

CreditSuisse 4 6.135 88,033 449 4 6.645 -0.510

Barclays 5 6.055 86,893 411 6 5.983 0.072

WellsFargo 6 5.878 84,345 459 3 7.419 -1.541

MorganStanley 7 5.744 82,421 338 9 4.559 1.185

Citi 8 5.629 80,777 366 7 5.661 -0.032

DeutscheBank 9 5.368 77,035 396 5 6.142 -0.774


Jefferies 11 2.951 42,347 239 15 1.747 1.204



UBS 14 1.766 25,337 145 12 2.097 -0.331



Macquarie 17 1.467 21,054 128 22 1.000 0.467


HSBC 19 1.339 19,208 108 14 1.775 -0.436


TOTAL 100% 1,435,015 2,575 100%

USLeveragedLoans-NewMoney(Bookrunner)FY2017 FY2016


JPMorgan 1 9.740 47,085 414 2 8.789 0.951


GoldmanSachs 3 6.601 31,913 280 8 5.109 1.492

WellsFargo 4 5.519 26,682 268 4 6.360 -0.841

Citi 5 5.488 26,530 198 6 5.759 -0.271

Barclays 6 5.343 25,832 245 5 6.128 -0.785

CreditSuisse 7 5.082 24,568 264 3 7.175 -2.093

MorganStanley 8 4.490 21,707 184 10 3.927 0.563

Jefferies 9 4.414 21,336 185 13 2.589 1.825


DeutscheBank 11 3.559 17,205 209 7 5.494 -1.935




Macquarie 15 2.067 9,995 88 19 1.356 0.711


UBS 17 1.716 8,298 96 15 2.028 -0.312

Nomura 18 1.530 7,394 64 26 0.825 0.705



TOTAL 100% 483,426 1,729 100%

USLeveragedLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 9.386 45,870 418 2 8.859 0.527


GoldmanSachs 3 6.346 31,011 271 8 5.212 1.134

Citi 4 5.527 27,010 196 6 5.540 -0.013

WellsFargo 5 5.309 25,943 271 4 6.279 -0.970

CreditSuisse 6 5.188 25,353 258 3 6.855 -1.667

Barclays 7 5.164 25,237 237 5 5.898 -0.734

MorganStanley 8 4.408 21,540 182 10 3.865 0.543

Jefferies 9 4.152 20,291 184 13 2.665 1.487


DeutscheBank 11 3.823 18,682 208 7 5.497 -1.674





Macquarie 16 2.015 9,848 88 20 1.327 0.688



UBS 19 1.535 7,500 90 15 2.081 -0.546


TOTAL 100% 488,684 1,798 100%



USLBOLoans(Bookrunner)FY2017 FY2016


Jefferies 1 9.682 14,013 100 9 4.096 5.586

CreditSuisse 2 7.523 10,887 91 1 7.102 0.421


GoldmanSachs 4 6.122 8,860 80 5 6.337 -0.215

MorganStanley 5 5.935 8,589 55 10 3.776 2.159

Barclays 6 5.860 8,480 80 2 7.005 -1.145



Macquarie 9 4.456 6,448 49 11 3.597 0.859

Citi 10 4.314 6,243 40 8 5.696 -1.382

DeutscheBank 11 4.034 5,838 54 4 6.440 -2.406

JPMorgan 12 3.780 5,470 41 12 3.029 0.751

Nomura 13 3.207 4,642 26 16 1.846 1.361



UBS 16 2.267 3,281 27 13 2.880 -0.613

SunTrustRobinsonHumphrey 17 2.255 3,264 36 14 2.552 -0.297

WellsFargo 18 1.980 2,865 27 18 1.834 0.146

GolubCapitalLLC 19 1.819 2,632 24 20 1.169 0.650


TOTAL 100% 144,722 414 100%

USLBOLoans(MandatedLeadArranger)FY2017 FY2016


Jefferies 1 9.047 13,159 100 9 4.130 4.917

CreditSuisse 2 6.908 10,047 91 2 7.140 -0.232


GoldmanSachs 4 6.091 8,860 80 5 6.315 -0.224


MorganStanley 6 5.898 8,579 56 10 4.044 1.854

Barclays 7 5.806 8,445 78 1 7.152 -1.346


Macquarie 9 4.618 6,717 50 11 3.630 0.988

Citi 10 4.330 6,297 40 8 5.745 -1.415

DeutscheBank 11 3.999 5,817 57 3 6.738 -2.739

JPMorgan 12 3.925 5,709 41 12 3.182 0.743

Nomura 13 3.192 4,642 26 17 1.851 1.341




WellsFargo 17 2.246 3,266 28 16 2.529 -0.283

UBS 18 2.224 3,235 26 13 3.024 -0.800



TOTAL 100% 145,445 426 100%

USLBOLoans-NewMoney(Bookrunner)FY2017 FY2016


Jefferies 1 10.131 13,477 90 9 4.492 5.639

CreditSuisse 2 7.875 10,476 81 1 7.409 0.466

GoldmanSachs 3 6.363 8,465 71 3 6.676 -0.313



Barclays 6 5.713 7,599 70 2 7.008 -1.295

MorganStanley 7 5.706 7,590 48 10 4.021 1.685


Macquarie 9 4.672 6,215 45 11 3.867 0.805

Citi 10 4.506 5,995 38 7 5.850 -1.344

DeutscheBank 11 3.881 5,162 46 6 6.407 -2.526

JPMorgan 12 3.356 4,464 37 13 2.815 0.541

Nomura 13 2.705 3,598 23 17 2.026 0.679




UBS 17 2.255 2,999 23 12 2.929 -0.674



WellsFargo 20 1.585 2,108 19 22 1.067 0.518

TOTAL 100% 133,019 369 100%

USLBOLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016


Jefferies 1 9.438 12,622 90 9 4.553 4.885

CreditSuisse 2 7.205 9,636 81 1 7.487 -0.282


GoldmanSachs 4 6.329 8,465 71 5 6.683 -0.354

MorganStanley 5 5.743 7,680 50 10 4.241 1.502

Barclays 6 5.707 7,633 69 2 7.106 -1.399



Macquarie 9 4.842 6,475 46 11 3.923 0.919

Citi 10 4.523 6,049 38 7 5.932 -1.409

DeutscheBank 11 3.927 5,252 48 6 6.508 -2.581

JPMorgan 12 3.378 4,518 37 13 2.836 0.542

Nomura 13 2.690 3,598 23 17 2.041 0.649




UBS 17 2.242 2,999 23 12 3.004 -0.762



WellsFargo 20 1.576 2,108 19 24 0.972 0.604

TOTAL 100% 133,743 381 100%



USLoans(AdministrativeAgent)FY2017 FY2016


JPMorgan 1 23.418 565,851 647 1 29.688 -6.270


WellsFargo 3 9.326 225,330 406 4 8.426 0.900

Citi 4 7.658 185,043 165 3 8.500 -0.842

CreditSuisse 5 7.407 178,976 203 5 4.924 2.483

DeutscheBank 6 4.156 100,411 103 6 4.016 0.140

Barclays 7 4.085 98,702 116 7 2.997 1.088

MorganStanley 8 3.763 90,914 109 8 2.327 1.436

GoldmanSachs 9 2.346 56,686 107 14 1.181 1.165

Jefferies 10 1.555 37,565 85 22 0.546 1.009

BNPParibas 11 1.315 31,778 36 11 1.535 -0.220


Scotiabank 13 1.157 27,951 23 17 0.897 0.260


USBancorp 15 1.014 24,497 101 12 1.269 -0.255





UBS 20 0.781 18,881 42 20 0.682 0.099

TOTAL 100% 2,416,278 3,987 100%

USLoans-NewMoney(AdministrativeAgent)FY2017 FY2016



JPMorgan 2 19.536 157,023 400 1 29.540 -10.004

WellsFargo 3 7.628 61,306 248 3 7.903 -0.275

CreditSuisse 4 6.777 54,472 132 4 5.697 1.080

Citi 5 6.015 48,346 76 5 5.370 0.645

Barclays 6 4.596 36,938 78 7 3.604 0.992

MorganStanley 7 4.252 34,171 64 8 2.322 1.930

GoldmanSachs 8 3.746 30,108 78 10 1.949 1.797

Jefferies 9 2.627 21,114 69 18 0.889 1.738

DeutscheBank 10 2.055 16,514 52 6 3.914 -1.859






UBS 16 1.200 9,642 29 19 0.808 0.392



USBancorp 19 0.805 6,469 63 13 1.454 -0.649

Scotiabank 20 0.750 6,025 12 34 0.203 0.547

TOTAL 100% 803,744 2,709 100%

USLeveragedLoans(AdministrativeAgent)FY2017 FY2016



JPMorgan 2 17.501 254,413 361 1 19.693 -2.192

CreditSuisse 3 11.975 174,076 200 3 9.853 2.122

DeutscheBank 4 6.659 96,806 97 4 7.310 -0.651

WellsFargo 5 6.167 89,651 201 5 7.289 -1.122

MorganStanley 6 6.106 88,764 107 8 4.330 1.776

Barclays 7 6.016 87,455 108 7 5.304 0.712

Citi 8 4.594 66,788 80 6 5.929 -1.335

GoldmanSachs 9 3.694 53,701 103 9 2.010 1.684

Jefferies 10 2.581 37,515 84 16 1.128 1.453


Scotiabank 12 1.682 24,451 19 12 1.589 0.093


UBS 14 1.299 18,881 42 13 1.375 -0.076




Nomura 18 0.604 8,780 10 23 0.433 0.171


WilmingtonTrustCo 20 0.570 8,289 25 24 0.396 0.174

TOTAL 100% 1,453,697 2,675 100%

USLeveragedLoans-NewMoney(AdministrativeAgent)FY2017 FY2016


JPMorgan 1 17.118 85,839 230 1 21.216 -4.098


CreditSuisse 3 10.593 53,122 130 3 10.113 0.480

MorganStanley 4 6.386 32,021 62 10 3.110 3.276

WellsFargo 5 5.926 29,718 131 4 6.148 -0.222

Barclays 6 5.512 27,641 71 6 5.747 -0.235

GoldmanSachs 7 5.409 27,123 74 8 3.457 1.952

Jefferies 8 4.201 21,064 68 13 1.596 2.605

Citi 9 3.323 16,662 40 7 4.592 -1.269


DeutscheBank 11 3.176 15,926 47 5 5.819 -2.643


UBS 13 1.923 9,642 29 15 1.451 0.472





Scotiabank 18 0.978 4,905 10 28 0.364 0.614

CapitalOneFinancial 19 0.723 3,627 33 19 0.625 0.098


TOTAL 100% 501,464 1,874 100%



CanadaLoansReviewFY2017totalCanadaLoansvolumeincreased12.48%toCAD309.7Blnwhilethetotalnumberofdealsincreased6.17%to568dealsyear-on-year.TotalCanadaLoans-NewMoneyvolumeincreased36.24%year-on-yeartoCAD87.1Blnwhilethetotalnumberofdealsincreased43.95%to321.TDSecuritiesrankedasthetopCanadaLoansbookrunnerforFY2017with18.71%ofcreditedmarketshare.Thebankactedasbookrunnerin135dealsovertheperiod.RBCCapitalMarketsandCIBCrankedsecondandthirdwith17.67%and14.32%ofcreditedmarketshare,respectively.

CanadaLoans(Bookrunner)

FY2017 FY2016

Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

TDSecurities 1 18.707 57,254 135 2 16.788 1.919


CIBC 3 14.324 43,840 128 4 13.876 0.448


Scotiabank 5 12.786 39,132 113 3 14.433 -1.647

NationalBankFinancialInc 6 9.503 29,086 132 6 7.553 1.950

HSBC 7 2.939 8,996 29 7 3.429 -0.490

JPMorgan 8 2.530 7,742 14 8 3.359 -0.829

Citi 9 1.363 4,170 10 9 1.802 -0.439

DesjardinsCapitalMarkets 10 1.280 3,919 18 12 1.118 0.162

TOTAL 100% 306,052 547 100%

CanadaLoans-NewMoney(Bookrunner)

FY2017 FY2016


TDSecurities 1 19.744 17,203 68 2 17.253 2.491



CIBC 4 12.908 11,246 59 5 8.711 4.197


Scotiabank 6 10.814 9,422 61 3 13.498 -2.684

HSBC 7 2.839 2,474 14 9 4.378 -1.539

JPMorgan 8 2.293 1,998 4 6 6.680 -4.387


MitsubishiUFJFinancialGroupInc 10 1.688 1,471 5 13 0.898 0.790

TOTAL 100% 87,128 321 100%

Energy29%

Materials13%

Industrials12%

Financials10%

Utilities8%

ConsumerStaples8%


Government5%

Others7%

CanadaLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

5050

100100

CADBln

CADBln

00

120120

5050

100100

150150

DealC

ountDealC

ount

00

200200

DealCount Amount

CanadaLoans:IndustryBreakdown

29%

13%

12%10%

8%

8%

7%

5%

7%

CanadaLoans:BookrunnerRankingsHistory

TDSecurities

RBCCapitalMarkets

CIBC

BMOCapitalMarkets

Scotiabank

NationalBankFinancialInc

10

MarketShare(%

)

0

20

2017 2016 2015



CanadaLoans(MandatedLeadArranger)FY2017 FY2016



TDSecurities 2 16.212 49,878 147 2 16.357 -0.145

CIBC 3 14.421 44,367 146 3 15.008 -0.587


Scotiabank 5 12.927 39,770 127 4 13.627 -0.700


HSBC 7 3.636 11,186 34 7 3.196 0.440

JPMorgan 8 2.510 7,723 14 8 2.495 0.015


Citi 10 1.726 5,310 12 9 1.945 -0.219


BNPParibas 12 0.849 2,613 5 14 0.898 -0.049


WellsFargo 14 0.613 1,887 16 10 1.699 -1.086

Barclays 15 0.363 1,117 6 19 0.153 0.210

ExportDevelopmentCanada 16 0.321 987 3 27 0.124 0.197

CreditAgricoleCIB 17 0.305 938 4 18 0.176 0.129

ATBFinancial 18 0.252 775 6 17 0.188 0.064

Rabobank 19 0.198 610 3 28 0.120 0.078

MorganStanley 20 0.195 601 3 15 0.572 -0.377

TOTAL 100% 307,652 554 100%

CanadaLoans-NewMoney(MandatedLeadArranger)FY2017 FY2016




CIBC 3 12.852 11,332 66 5 9.702 3.150

Scotiabank 4 12.544 11,061 67 3 13.546 -1.002

TDSecurities 5 11.235 9,906 73 2 16.994 -5.759


HSBC 7 4.288 3,781 16 9 4.252 0.036

JPMorgan 8 3.724 3,284 5 6 6.050 -2.326



WellsFargo 11 0.998 880 6 8 4.599 -3.601

BankofAmericaMerrillLynch 12 0.782 690 3 10 2.270 -1.488

CreditSuisse 13 0.392 346 1 37 0.005 0.387

SumitomoMitsuiFinancial 14 0.331 292 5 - - 0.331


Citi 16 0.298 263 3 12 1.227 -0.929

Rabobank 17 0.259 228 1 22 0.251 0.008

MizuhoFinancial 18 0.206 182 2 23 0.198 0.008

DeutscheBank 19 0.192 170 2 24 0.183 0.009

BNPParibas 20 0.170 150 2 13 1.126 -0.956

TOTAL 100% 88,173 327 100%

CanadaLoans(AdministrativeAgent)FY2017 FY2016




TDSecurities 3 16.235 50,159 75 5 13.584 2.651

CIBC 4 14.958 46,215 83 4 13.919 1.039

Scotiabank 5 14.559 44,982 81 1 20.172 -5.613


JPMorgan 7 1.801 5,565 6 9 1.139 0.662

HSBC 8 0.766 2,368 11 8 2.011 -1.245


CitizensFinancialGroupInc 10 0.339 1,046 2 - - 0.339

WellsFargo 11 0.323 997 6 13 0.187 0.136

WilmingtonTrustCo 12 0.298 919 1 19 0.067 0.231

Barclays 13 0.263 813 2 - - 0.263

ATBFinancial 14 0.204 630 3 15 0.111 0.093


MitsubishiUFJFinancialGroupInc 16 0.125 387 3 14 0.128 -0.003

CreditSuisse 17 0.112 346 1 - - 0.112

Citi 18 0.065 200 1 - - 0.065

AntaresHoldingsLP 19 0.061 187 3 - - 0.061

FederalFarmCreditBank 20 0.042 130 1 - - 0.042

TOTAL 100% 308,963 561 100%

CanadaLoans-NewMoney(AdministrativeAgent)FY2017 FY2016



CIBC 2 17.886 15,889 42 5 8.755 9.131

TDSecurities 3 17.219 15,297 42 4 12.750 4.469



Scotiabank 6 8.212 7,295 48 2 17.929 -9.717

DesjardinsCapitalMarkets 7 0.647 575 7 11 0.595 0.052

WilmingtonTrustCo 8 0.580 515 1 15 0.274 0.306


WellsFargo 10 0.509 453 3 - - 0.509


CitizensFinancialGroupInc 12 0.417 370 1 - - 0.417

HSBC 13 0.417 370 5 8 2.613 -2.196

CreditSuisse 14 0.389 346 1 - - 0.389

Citi 15 0.225 200 1 - - 0.225

Barclays 16 0.221 196 1 - - 0.221

AntaresHoldingsLP 17 0.211 187 3 - - 0.211

JPMorgan 18 0.169 150 1 9 2.382 -2.213

MorganStanley 19 0.113 100 1 - - 0.113

Natixis 20 0.099 88 1 - - 0.099

TOTAL 100% 88,835 331 100%



LatinAmericaLoansReviewFY2017totalLatinAmericaLoansvolumedecreased9.66%toUSD31.6Blnwhilethetotalnumberofdealsdecreased24.37%to90dealsyear-on-year.ScotiabankrankedasthetopLatinAmericaLoansbookrunnerforFY2017with10.10%ofcreditedmarketshare.Thebankactedasbookrunnerin25dealsovertheperiod.BancoBilbaoVizcayaArgentariaandCitirankedsecondandthirdwith9.42%and8.28%ofcreditedmarketshare,respectively.

LatinAmericaLoans(Bookrunner)

FY2017 FY2016


Scotiabank 1 10.102 2,894 25 9 4.619 5.483

BancoBilbaoVizcayaArgentaria 2 9.425 2,700 15 1 9.527 -0.102

Citi 3 8.280 2,372 14 6 6.702 1.578

JPMorgan 4 6.424 1,841 11 4 6.914 -0.490

HSBC 5 6.331 1,814 11 15 2.156 4.175


BancoSantander 7 6.078 1,741 10 5 6.706 -0.628

BNPParibas 8 5.350 1,533 12 24 0.945 4.405



TOTAL 100% 28,650 73 100%

LatinAmericaLoans(MandatedLeadArranger)

FY2017 FY2016


BancoSantander 1 8.358 2,520 13 3 6.180 2.178


JPMorgan 3 6.430 1,938 11 2 6.338 0.092


Scotiabank 5 5.930 1,788 22 19 1.773 4.157


Citi 7 4.563 1,376 12 4 6.016 -1.453

HSBC 8 4.294 1,294 10 13 2.703 1.591


BNPParibas 10 3.625 1,093 10 17 1.952 1.673

TOTAL 100% 30,147 76 100%

Materials36%

Industrials15%

Energy13%

ConsumerStaples9%

Utilities9%

Financials9%

Others9%

LatinAmericaLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

55

1010

1515

USDBln

USDBln

00

2020

2020

4040 DealC

ountDealC

ount

00

6060

DealCount Amount

LatinAmericaLoans:IndustryBreakdown

36%

15%13%

9%

9%

9%

9%

LatinAmericaLoans:BookrunnerRankingsHistory

Scotiabank

BancoBilbaoVizcayaArgentaria Ci

ti

JPMorgan

HSBC

SumitomoMitsuiFinancial

5

10

MarketShare(%

)

0

15

2017 2016 2015



EMEALoansReviewFY2017totalEMEALoansvolumedecreased1.76%toEUR923.1Blnwhilethetotalnumberofdealsdecreased14.18%to1,804dealsyear-on-year.TotalEMEALeveragedLoansvolumeincreased35.74%year-on-yeartoEUR212.0Blnwhilethetotalnumberofdealsincreased16.07%to455.HSBCrankedasthetopEMEALoansbookrunnerforFY2017with6.52%ofcreditedmarketshare.Thebankactedasbookrunnerin272dealsovertheperiod.BNPParibasandDeutscheBankrankedsecondandthirdwith5.87%and5.24%ofcreditedmarketshare,respectively.

EMEALoans(Bookrunner)

FY2017 FY2016

Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

HSBC 1 6.523 50,075 272 2 5.945 0.578

BNPParibas 2 5.870 45,061 290 1 5.987 -0.117

DeutscheBank 3 5.236 40,191 184 9 3.619 1.617

UniCredit 4 4.395 33,737 230 4 5.287 -0.892



Barclays 7 4.325 33,200 149 6 4.196 0.129

JPMorgan 8 4.195 32,203 153 3 5.679 -1.484

INGGroep 9 4.079 31,310 228 5 4.203 -0.124


TOTAL 100% 767,653 1,311 100%

EMEALoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

100100

200200

300300

400400

EURBln

EURBln

00

500500

200200

400400

600600

DealC

ountDealC

ount

00

800800

DealCount Amount

Financials15%


Industrials14%

ConsumerStaples12%

Materials11%

Energy10%

Utilities7%

Communications6%

HealthCare5%

Others5%

EMEALoans:IndustryBreakdown

EMEALoans:IndustryBreakdown

Industry Volume(EURMln) %OfTotal %YOYChange

Financials 139,964 15.2% -10.8%


Industrials 130,615 14.1% 14.7%


Materials 100,427 10.9% -8.2%

Energy 92,810 10.1% 7.7%

Utilities 63,624 6.9% -11.0%

Communications 55,319 6.0% -15.4%

HealthCare 46,868 5.1% -49.4%

Technology 33,024 3.6% 20.7%

Government 11,047 1.2% -49.3%

15%

15%

14%

12%

11%

10%

7%

6%5%

5%



EMEALoans(Bookrunner)FY2017 FY2016


HSBC 1 6.523 50,075 272 2 5.945 0.578

BNPParibas 2 5.870 45,061 290 1 5.987 -0.117

DeutscheBank 3 5.236 40,191 184 9 3.619 1.617

UniCredit 4 4.395 33,737 230 4 5.287 -0.892



Barclays 7 4.325 33,200 149 6 4.196 0.129

JPMorgan 8 4.195 32,203 153 3 5.679 -1.484

INGGroep 9 4.079 31,310 228 5 4.203 -0.124


Commerzbank 11 3.107 23,848 157 11 3.129 -0.022

Citi 12 2.930 22,490 126 10 3.509 -0.579

CreditSuisse 13 2.523 19,370 107 14 2.395 0.128

Natixis 14 2.473 18,983 142 13 2.431 0.042

BancoSantander 15 2.150 16,508 133 16 2.089 0.061

GoldmanSachs 16 2.102 16,133 103 18 1.923 0.179


NatWestMarkets 18 1.807 13,869 101 153 0.012 1.795



TOTAL 100% 767,653 1,311 100%

EMEALoans(MandatedLeadArranger)FY2017 FY2016


HSBC 1 5.336 47,411 409 1 5.115 0.221

BNPParibas 2 5.107 45,380 458 2 4.954 0.153

INGGroep 3 4.149 36,864 366 4 4.103 0.046

DeutscheBank 4 4.129 36,686 258 8 3.208 0.921

JPMorgan 5 3.685 32,745 202 3 4.113 -0.428



UniCredit 8 3.464 30,778 308 5 3.890 -0.426

Barclays 9 3.192 28,358 234 9 3.124 0.068

Commerzbank 10 2.952 26,231 238 11 3.067 -0.115

Citi 11 2.795 24,838 195 10 3.098 -0.303


Natixis 13 2.479 22,029 213 16 2.289 0.190

BancoSantander 14 2.442 21,694 235 14 2.460 -0.018


NatWestMarkets 16 2.306 20,488 170 149 0.040 2.266

CreditSuisse 17 2.143 19,039 145 19 1.759 0.384

GoldmanSachs 18 1.991 17,686 136 18 1.815 0.176



TOTAL 100% 888,518 1,685 100%

EMEALoans(AdministrativeAgent)FY2017 FY2016


HSBC 1 9.591 78,994 65 2 5.319 4.272

UniCredit 2 7.023 57,844 120 4 4.909 2.114

BNPParibas 3 5.153 42,446 77 3 5.096 0.057


INGGroep 5 4.692 38,649 79 5 4.653 0.039

Barclays 6 4.604 37,919 60 6 4.564 0.040

JPMorgan 7 4.399 36,229 42 1 10.598 -6.199

DeutscheBank 8 4.049 33,352 60 7 4.401 -0.352

Commerzbank 9 3.489 28,740 55 10 3.205 0.284


Natixis 11 2.664 21,941 54 15 2.324 0.340


Rabobank 13 2.257 18,592 25 19 1.892 0.365

CreditSuisse 14 2.184 17,990 36 25 0.985 1.199


Citi 16 2.018 16,622 9 8 4.335 -2.317


BancoSantander 18 1.746 14,380 61 21 1.470 0.276

NatWestMarkets 19 1.709 14,080 40 - - 1.709

WilmingtonTrustCo 20 1.510 12,437 17 35 0.586 0.924

TOTAL 100% 823,647 1,609 100%



EMEALeveragedLoans(Bookrunner)FY2017 FY2016


JPMorgan 1 8.622 16,948 79 2 8.480 0.142

DeutscheBank 2 7.227 14,206 92 9 5.054 2.173

GoldmanSachs 3 6.745 13,257 79 5 6.312 0.433

CreditSuisse 4 5.748 11,298 76 3 8.155 -2.407

BNPParibas 5 5.688 11,180 87 7 5.366 0.322

HSBC 6 4.999 9,827 76 1 8.919 -3.920


Barclays 8 4.520 8,885 64 10 3.674 0.846

Nomura 9 4.322 8,495 31 13 2.602 1.720

INGGroep 10 3.472 6,826 66 11 3.486 -0.014

UniCredit 11 3.434 6,750 68 4 7.788 -4.354


MorganStanley 13 3.262 6,412 48 16 2.256 1.006

UBS 14 2.990 5,876 34 18 1.831 1.159

Natixis 15 2.964 5,825 48 14 2.472 0.492



BankofChina 18 1.798 3,535 4 65 0.026 1.772

Citi 19 1.797 3,531 32 17 2.156 -0.359

ChinaConstructionBank 20 1.717 3,375 1 - - 1.717

TOTAL 100% 196,561 386 100%

EMEALeveragedLoans(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 8.160 16,569 83 1 8.195 -0.035

DeutscheBank 2 7.180 14,580 100 7 4.801 2.379

GoldmanSachs 3 6.191 12,571 87 2 5.942 0.249

CreditSuisse 4 5.983 12,148 86 5 4.840 1.143

BNPParibas 5 5.422 11,009 102 4 5.747 -0.325

HSBC 6 4.877 9,904 87 3 5.777 -0.900

Barclays 7 4.727 9,598 69 11 3.508 1.219


Nomura 9 3.984 8,090 32 14 2.373 1.611


INGGroep 11 3.184 6,465 75 8 4.496 -1.312

MorganStanley 12 3.080 6,255 48 15 2.167 0.913

UniCredit 13 3.039 6,171 74 9 4.065 -1.026

UBS 14 2.948 5,986 37 18 1.563 1.385

Natixis 15 2.644 5,370 51 16 2.045 0.599


NatWestMarkets 17 1.887 3,832 33 - - 1.887

BankofChina 18 1.787 3,628 6 62 0.099 1.688

Citi 19 1.778 3,610 38 17 1.910 -0.132


TOTAL 100% 203,059 425 100%

EMEASponsor-ledLeveragedLoans(Bookrunner)FY2017 FY2016


JPMorgan 1 7.121 10,864 50 5 6.226 0.895

DeutscheBank 2 7.069 10,785 71 4 6.267 0.802

BNPParibas 3 6.100 9,307 75 2 6.620 -0.520

GoldmanSachs 4 6.084 9,283 59 1 8.079 -1.995

CreditSuisse 5 5.302 8,089 55 8 5.324 -0.022

Nomura 6 5.082 7,754 27 11 3.655 1.427

HSBC 7 4.666 7,119 59 3 6.595 -1.929

UniCredit 8 4.157 6,342 65 6 6.200 -2.043


MorganStanley 10 3.794 5,789 42 17 2.478 1.316

Barclays 11 3.774 5,758 45 10 3.892 -0.118


UBS 13 3.514 5,362 30 16 2.546 0.968

INGGroep 14 3.450 5,264 55 9 4.184 -0.734

Natixis 15 3.357 5,122 40 12 3.432 -0.075


BankofChina 17 2.317 3,535 4 63 0.037 2.280



Citi 20 1.772 2,704 26 15 2.559 -0.787

TOTAL 100% 152,576 325 100%

EMEASponsor-ledLeveragedLoans(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 6.814 10,573 51 2 6.167 0.647

DeutscheBank 2 6.775 10,512 77 5 5.757 1.018

BNPParibas 3 5.871 9,109 87 4 5.762 0.109

GoldmanSachs 4 5.514 8,556 65 1 7.440 -1.926

CreditSuisse 5 5.322 8,257 63 9 4.327 0.995

Nomura 6 4.725 7,331 27 12 3.267 1.458

HSBC 7 4.551 7,062 69 3 5.907 -1.356


Barclays 9 3.763 5,838 48 11 3.483 0.280

UniCredit 10 3.715 5,764 71 7 4.534 -0.819

MorganStanley 11 3.630 5,632 42 15 2.245 1.385

UBS 12 3.527 5,472 33 19 2.117 1.410


INGGroep 14 3.179 4,932 64 8 4.428 -1.249

Natixis 15 2.996 4,649 42 14 2.767 0.229

SocieteGenerale 16 2.716 4,214 53 13 3.047 -0.331

BankofChina 17 2.338 3,628 6 54 0.141 2.197



Citi 20 1.751 2,716 29 17 2.195 -0.444

TOTAL 100% 155,160 353 100%



EMEAInvestmentGradeLoans(Bookrunner)FY2017 FY2016


HSBC 1 8.463 26,422 78 4 5.800 2.663

Barclays 2 6.461 20,171 40 2 7.503 -1.042

DeutscheBank 3 6.351 19,828 33 6 4.612 1.739

BNPParibas 4 5.200 16,237 77 3 7.388 -2.188

Commerzbank 5 4.900 15,297 53 8 4.171 0.729

UniCredit 6 4.794 14,969 71 7 4.211 0.583



Citi 9 3.836 11,978 49 5 5.259 -1.423

INGGroep 10 3.497 10,918 55 11 3.459 0.038



JPMorgan 13 3.202 9,996 41 1 7.889 -4.687


BancoSantander 15 2.241 6,995 40 16 2.534 -0.293


CreditSuisse 17 2.096 6,543 14 22 1.617 0.479

IntesaSanpaolo 18 2.066 6,451 20 18 2.041 0.025

NatWestMarkets 19 2.030 6,339 36 - - 2.030


TOTAL 100% 312,219 200 100%

EMEAInvestmentGradeLoans(MandatedLeadArranger)FY2017 FY2016


HSBC 1 5.765 19,269 105 1 5.717 0.048

BNPParibas 2 4.757 15,900 115 3 5.082 -0.325

Commerzbank 3 4.648 15,535 83 8 3.952 0.696

DeutscheBank 4 4.538 15,167 61 6 4.368 0.170

Citi 5 4.289 14,337 74 2 5.542 -1.253

UniCredit 6 4.178 13,965 92 12 3.723 0.455

INGGroep 7 3.923 13,112 80 10 3.879 0.044



Barclays 10 3.293 11,007 61 4 4.673 -1.380


JPMorgan 12 3.257 10,887 68 5 4.413 -1.156


NatWestMarkets 14 2.980 9,962 54 - - 2.980

BancoSantander 15 2.916 9,745 62 14 3.404 -0.488




StandardCharteredBank 19 1.896 6,339 55 23 1.316 0.580

Natixis 20 1.593 5,326 34 24 1.299 0.294

TOTAL 100% 334,248 244 100%

EMEAInstitutionalLoans(Bookrunner)FY2017 FY2016


JPMorgan 1 10.720 11,312 62 1 9.735 0.985

DeutscheBank 2 8.355 8,816 71 3 6.287 2.068

GoldmanSachs 3 8.111 8,559 59 5 6.077 2.034

BNPParibas 4 6.599 6,963 58 2 6.681 -0.082

CreditSuisse 5 6.386 6,738 53 8 4.775 1.611

Barclays 6 5.255 5,545 47 4 6.173 -0.918

HSBC 7 4.501 4,749 57 6 5.159 -0.658

MorganStanley 8 4.064 4,288 40 13 3.388 0.676


UBS 10 3.557 3,754 25 10 3.752 -0.195


Nomura 12 3.211 3,388 20 17 2.878 0.333

INGGroep 13 2.953 3,115 44 9 4.695 -1.742


Natixis 15 2.469 2,605 33 16 2.919 -0.450

Citi 16 2.168 2,288 21 15 3.028 -0.860


NatWestMarkets 18 2.059 2,172 24 - - 2.059

UniCredit 19 1.938 2,044 33 12 3.599 -1.661

Rabobank 20 1.528 1,613 14 14 3.073 -1.545

TOTAL 100% 105,515 248 100%

EMEAInstitutionalLoans(MandatedLeadArranger)FY2017 FY2016


JPMorgan 1 10.099 10,947 63 1 9.498 0.601

DeutscheBank 2 8.580 9,301 74 3 5.920 2.660

GoldmanSachs 3 7.315 7,929 61 5 5.560 1.755

CreditSuisse 4 6.828 7,401 56 9 4.276 2.552

BNPParibas 5 6.509 7,056 62 4 5.873 0.636

Barclays 6 5.452 5,909 48 2 5.921 -0.469

HSBC 7 4.464 4,839 61 6 4.934 -0.470

MorganStanley 8 3.970 4,304 40 12 3.264 0.706

UBS 9 3.522 3,818 27 11 3.424 0.098



Nomura 12 2.941 3,188 21 16 2.731 0.210


INGGroep 14 2.800 3,035 47 8 4.666 -1.866

NatWestMarkets 15 2.590 2,807 27 - - 2.590

Natixis 16 2.393 2,593 33 18 2.553 -0.160

Citi 17 2.017 2,186 21 15 2.875 -0.858


UniCredit 19 1.798 1,949 33 14 2.881 -1.083

Jefferies 20 1.322 1,433 12 25 1.098 0.224

TOTAL 100% 108,399 254 100%



EuropeCorporateLoans(Bookrunner)FY2017 FY2016


HSBC 1 7.589 30,999 148 5 4.748 2.841

BNPParibas 2 6.324 25,833 162 1 8.268 -1.944

Barclays 3 5.384 21,992 67 3 6.041 -0.657


UniCredit 5 5.255 21,466 122 2 6.080 -0.825


DeutscheBank 7 4.464 18,236 74 10 3.628 0.836

INGGroep 8 4.321 17,651 108 7 4.421 -0.100

Commerzbank 9 4.300 17,564 113 8 4.352 -0.052


BancoSantander 11 3.288 13,430 98 11 3.308 -0.020

Citi 12 2.840 11,601 59 12 2.948 -0.108

JPMorgan 13 2.835 11,583 55 4 5.342 -2.507


NatWestMarkets 15 2.385 9,744 63 85 0.023 2.362


IntesaSanpaolo 17 2.209 9,022 43 19 1.857 0.352


CreditSuisse 19 1.773 7,242 22 23 1.499 0.274

LloydsBank 20 1.514 6,184 36 30 1.078 0.436

TOTAL 100% 408,491 544 100%

EuropeCorporateLoans(MandatedLeadArranger)FY2017 FY2016


HSBC 1 5.695 25,310 227 2 5.163 0.532

BNPParibas 2 5.499 24,440 261 1 5.938 -0.439

INGGroep 3 4.403 19,568 170 6 4.191 0.212


Commerzbank 5 4.077 18,119 163 5 4.256 -0.179

UniCredit 6 3.948 17,544 160 3 4.493 -0.545


Barclays 8 3.515 15,622 129 4 4.256 -0.741

BancoSantander 9 3.510 15,599 145 8 3.669 -0.159

NatWestMarkets 10 3.255 14,464 110 75 0.082 3.173


DeutscheBank 12 2.965 13,176 119 10 3.479 -0.514


JPMorgan 14 2.817 12,517 84 14 2.786 0.031

Citi 15 2.775 12,330 92 12 3.327 -0.552




Natixis 19 1.835 8,156 98 19 1.896 -0.061

IntesaSanpaolo 20 1.827 8,118 71 18 2.018 -0.191

TOTAL 100% 444,410 671 100%



WesternEuropeLoans(Bookrunner)FY2017 FY2016


HSBC 1 6.623 47,700 258 2 5.933 0.690

BNPParibas 2 6.170 44,436 286 1 6.544 -0.374

DeutscheBank 3 5.564 40,076 183 8 3.926 1.638

Barclays 4 4.568 32,901 146 5 4.586 -0.018



UniCredit 7 4.430 31,905 214 4 5.561 -1.131

JPMorgan 8 4.380 31,544 147 3 5.798 -1.418


INGGroep 10 4.074 29,340 213 6 4.552 -0.478

Commerzbank 11 3.223 23,214 150 11 3.422 -0.199

Citi 12 2.808 20,221 114 10 3.622 -0.814

CreditSuisse 13 2.666 19,200 105 14 2.565 0.101

Natixis 14 2.593 18,675 140 13 2.621 -0.028

BancoSantander 15 2.260 16,275 132 16 2.308 -0.048

GoldmanSachs 16 2.240 16,133 103 17 2.089 0.151

NatWestMarkets 17 1.926 13,869 101 111 0.013 1.913




TOTAL 100% 720,236 1,173 100%

WesternEuropeLoans(MandatedLeadArranger)FY2017 FY2016


BNPParibas 1 5.495 44,788 450 1 5.281 0.214

HSBC 2 5.466 44,548 385 2 5.167 0.299

DeutscheBank 3 4.461 36,359 255 8 3.542 0.919

INGGroep 4 4.269 34,790 338 3 4.418 -0.149

JPMorgan 5 3.928 32,018 193 4 4.177 -0.249



UniCredit 8 3.564 29,047 287 5 4.078 -0.514

Barclays 9 3.456 28,171 231 10 3.362 0.094

Commerzbank 10 3.121 25,440 224 9 3.415 -0.294


Citi 12 2.775 22,618 174 11 3.272 -0.497

Natixis 13 2.584 21,060 202 16 2.489 0.095

BancoSantander 14 2.565 20,905 227 13 2.728 -0.163

NatWestMarkets 15 2.514 20,488 170 107 0.045 2.469


CreditSuisse 17 2.258 18,402 138 19 1.875 0.383

GoldmanSachs 18 2.170 17,686 136 18 2.015 0.155



TOTAL 100% 815,027 1,467 100%

GermanBorrowerLoans(Bookrunner)FY2017 FY2016


Commerzbank 1 12.292 16,845 85 2 11.956 0.336

UniCredit 2 9.999 13,703 83 1 12.135 -2.136

JPMorgan 3 9.338 12,797 20 4 7.858 1.480

DeutscheBank 4 6.983 9,570 65 3 8.793 -1.810


Citi 6 4.684 6,419 14 6 5.117 -0.433

HSBC 7 4.666 6,395 24 10 3.076 1.590


GoldmanSachs 9 3.747 5,135 18 9 3.217 0.530

LandesbankBaden-Wuerttemberg 10 3.438 4,712 37 7 3.587 -0.149


INGGroep 12 3.069 4,206 28 11 2.808 0.261

BNPParibas 13 2.956 4,051 25 5 5.515 -2.559

BayernLB 14 2.519 3,453 24 23 1.569 0.950

LandesbankHessen-ThuringenGirozentrale

15 2.105 2,884 17 26 0.513 1.592



Nomura 18 1.849 2,533 5 32 0.171 1.678

Barclays 19 1.583 2,170 13 8 3.535 -1.952

NatWestMarkets 20 1.558 2,135 13 - - 1.558

TOTAL 100% 137,046 185 100%

GermanBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


Commerzbank 1 8.945 12,788 103 2 9.889 -0.944

JPMorgan 2 7.178 10,262 24 1 12.583 -5.405

UniCredit 3 7.094 10,142 92 3 7.639 -0.545

DeutscheBank 4 6.772 9,681 86 4 6.446 0.326

LandesbankBaden-Wuerttemberg 5 4.302 6,150 50 13 2.757 1.545

INGGroep 6 3.583 5,122 40 7 3.538 0.045

GoldmanSachs 7 3.464 4,952 23 9 3.023 0.441

Citi 8 3.373 4,822 18 5 4.967 -1.594


BNPParibas 10 3.276 4,683 42 6 3.849 -0.573

HSBC 11 3.086 4,412 35 8 3.334 -0.248


BayernLB 13 2.958 4,229 39 22 2.140 0.818


Barclays 15 2.362 3,377 21 15 2.593 -0.231

LandesbankHessen-ThuringenGirozentrale 16 2.352 3,362 30 24 1.576 0.776

NatWestMarkets 17 2.271 3,247 16 - - 2.271


DZBank 19 2.059 2,943 29 25 1.576 0.483


TOTAL 100% 142,959 199 100%



NordicBorrowerLoans(Bookrunner)FY2017 FY2016


Barclays 1 21.676 12,962 11 20 1.130 20.546

Nordea 2 10.407 6,223 59 1 19.489 -9.082

DanskeBank 3 8.092 4,839 42 3 11.150 -3.058

SEB 4 7.062 4,223 37 4 9.450 -2.388

DNBASA 5 6.409 3,832 33 2 11.323 -4.914

BNPParibas 6 4.837 2,893 18 5 3.844 0.993

DeutscheBank 7 3.976 2,377 12 10 2.985 0.991



SvenskaHandelsbanken 10 2.564 1,533 21 6 3.597 -1.033

MorganStanley 11 2.274 1,360 10 16 1.678 0.596

JPMorgan 12 1.960 1,172 12 21 1.090 0.870

NatWestMarkets 13 1.710 1,022 11 - - 1.710

Swedbank 14 1.696 1,014 16 7 3.592 -1.896

INGGroep 15 1.601 957 10 12 2.357 -0.756

GoldmanSachs 16 1.566 936 10 15 1.842 -0.276

HSBC 17 1.514 905 9 14 1.996 -0.482

Nomura 18 1.363 815 4 18 1.135 0.228

OPCooperative 19 1.350 808 17 9 2.998 -1.648


TOTAL 100% 59,798 101 100%

NordicBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


Nordea 1 11.792 7,992 83 1 15.974 -4.182

DanskeBank 2 9.607 6,511 60 2 10.292 -0.685

SEB 3 8.378 5,679 55 3 9.992 -1.614

DNBASA 4 6.070 4,114 48 4 8.145 -2.075

BNPParibas 5 4.727 3,204 23 7 3.673 1.054

SvenskaHandelsbanken 6 4.110 2,785 36 6 4.525 -0.415

Barclays 7 3.724 2,524 14 21 1.010 2.714

NatWestMarkets 8 3.514 2,382 13 38 0.327 3.187

Swedbank 9 3.432 2,326 30 5 5.435 -2.003

UniCredit 10 3.010 2,040 10 23 0.927 2.083



DeutscheBank 13 2.458 1,666 16 11 2.595 -0.137

HSBC 14 2.233 1,514 16 14 2.018 0.215


Citi 16 2.083 1,412 17 13 2.161 -0.078

JPMorgan 17 2.033 1,378 14 20 1.108 0.925

INGGroep 18 2.032 1,377 16 10 2.654 -0.622

MorganStanley 19 1.820 1,233 10 18 1.404 0.416

IntesaSanpaolo 20 1.770 1,200 1 37 0.350 1.420

TOTAL 100% 67,778 135 100%

BeneluxBorrowerLoans(Bookrunner)FY2017 FY2016


DeutscheBank 1 12.797 14,974 38 1 9.136 3.661

JPMorgan 2 8.077 9,452 38 5 5.766 2.311

INGGroep 3 6.961 8,145 62 2 8.293 -1.332

BNPParibas 4 6.277 7,345 50 7 5.441 0.836

HSBC 5 5.650 6,611 37 3 6.268 -0.618

CreditSuisse 6 5.512 6,450 30 11 3.153 2.359

Rabobank 7 4.947 5,789 37 4 6.005 -1.058

GoldmanSachs 8 4.580 5,359 25 15 2.219 2.361


ABNAmroBankNV 10 3.797 4,443 38 6 5.669 -1.872

MorganStanley 11 3.564 4,171 22 13 2.721 0.843

Citi 12 3.365 3,937 29 19 1.415 1.950

Barclays 13 3.191 3,734 17 9 3.899 -0.708




UBS 17 1.490 1,744 9 22 1.336 0.154



Natixis 20 1.129 1,322 14 12 2.794 -1.665

TOTAL 100% 117,016 153 100%

BeneluxBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


DeutscheBank 1 10.433 13,451 45 1 8.435 1.998

JPMorgan 2 7.375 9,509 48 4 5.361 2.014

CreditSuisse 3 5.972 7,699 36 12 2.790 3.182

BNPParibas 4 5.634 7,264 70 6 4.871 0.763

INGGroep 5 5.620 7,246 82 2 7.504 -1.884

HSBC 6 4.456 5,745 48 3 5.686 -1.230

Rabobank 7 4.106 5,293 45 5 5.117 -1.011

Citi 8 4.025 5,190 41 22 1.271 2.754

GoldmanSachs 9 3.806 4,907 28 15 2.314 1.492


MorganStanley 11 3.261 4,205 23 13 2.609 0.652

ABNAmroBankNV 12 3.220 4,151 49 7 4.605 -1.385

Barclays 13 3.099 3,996 26 10 3.458 -0.359





Natixis 18 1.544 1,991 21 11 2.790 -1.246

UBS 19 1.543 1,989 12 21 1.329 0.214

Commerzbank 20 1.536 1,981 20 25 1.075 0.461

TOTAL 100% 128,927 185 100%



Central&EasternEuropeanBorrowerLoans(Bookrunner)FY2017 FY2016


INGGroep 1 11.623 3,274 27 3 7.210 4.413

UniCredit 2 9.176 2,585 23 1 11.868 -2.692

Commerzbank 3 5.515 1,553 16 11 2.953 2.562



Citi 6 4.219 1,188 14 4 6.379 -2.160



BNPParibas 9 3.017 850 7 15 2.261 0.756

DeutscheBank 10 2.868 808 8 17 2.195 0.673


BankofChina 12 2.820 794 4 10 2.982 -0.162

SumitomoMitsuiFinancial 13 2.777 782 8 13 2.471 0.306

StandardCharteredBank 14 2.688 757 16 6 4.463 -1.775

HSBC 15 2.683 756 13 5 5.592 -2.909

ErsteGroupBank 16 2.572 724 6 26 1.391 1.181

EmiratesNBDPJSC 17 2.058 580 10 28 1.074 0.984

Industrial&CommBankofChina 18 1.737 489 6 29 0.657 1.080

SberbankCIBCJSC 19 1.600 451 4 20 1.715 -0.115

CreditSuisse 20 1.592 448 4 42 0.229 1.363

TOTAL 100% 28,170 62 100%

Central&EasternEuropeanBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


INGGroep 1 8.128 3,834 50 2 7.517 0.611

UniCredit 2 6.152 2,902 37 1 8.308 -2.156


Citi 4 4.158 1,962 27 5 3.811 0.347

Commerzbank 5 4.115 1,941 29 10 2.904 1.211

HSBC 6 3.342 1,577 26 4 4.419 -1.077




RaiffeisenBankInternationalGroup 10 2.579 1,217 15 34 0.796 1.783

BNPParibas 11 2.481 1,170 15 15 2.340 0.141

Industrial&CommBankofChina 12 2.435 1,149 16 26 1.492 0.943



DeutscheBank 15 1.945 917 15 21 1.722 0.223

JPMorgan 16 1.908 900 12 6 3.496 -1.588

TurkiyeISBankasi 17 1.804 851 14 17 2.192 -0.388


TurkiyeGarantiBankasiAS 19 1.747 824 14 9 2.964 -1.217


TOTAL 100% 47,171 120 100%

Russia&CISBorrowerLoans(Bookrunner)FY2017 FY2016


INGGroep 1 15.655 1,826 12 3 9.689 5.966

UniCredit 2 11.478 1,339 9 2 12.933 -1.455

Commerzbank 3 7.877 919 6 20 1.797 6.080


SocieteGenerale 5 7.167 836 6 1 13.018 -5.851


VTBCapital 7 4.226 493 2 27 0.338 3.888

Nordea 8 3.944 460 3 21 1.303 2.641

BankofChina 9 3.307 386 2 11 4.257 -0.950

Natixis 10 3.297 385 2 10 4.343 -1.046

EuropeanBankforReconstruct&Dev 11 3.001 350 1 23 0.725 2.276

DeutscheBank 12 2.940 343 2 14 2.306 0.634

Citi 13 2.756 321 2 12 3.081 -0.325

BankofAmericaMerrillLynch 14 2.143 250 1 - - 2.143

MitsubishiUFJFinancialGroupInc 14 2.143 250 1 15 1.951 0.192


ChinaConstructionBank 14 2.143 250 1 - - 2.143

SumitomoMitsuiFinancial 14 2.143 250 1 6 5.102 -2.959

MizuhoFinancial 14 2.143 250 1 6 5.102 -2.959

CreditSuisse 20 1.825 213 2 24 0.423 1.402

TOTAL 100% 11,663 18 100%

Russia&CISBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


INGGroep 1 10.901 1,547 15 1 11.829 -0.928

UniCredit 2 7.989 1,133 11 2 8.220 -0.231

Commerzbank 3 5.402 766 7 21 1.525 3.877



RaiffeisenBankInternationalGroup 6 4.578 649 6 24 1.262 3.316

Nordea 7 4.299 610 5 22 1.492 2.807

VTBCapital 8 4.210 597 4 33 0.142 4.068


Citi 10 3.896 553 4 18 2.224 1.672

IntesaSanpaolo 11 3.895 553 4 7 4.872 -0.977

Natixis 12 3.188 452 4 8 4.784 -1.596

Gazprombank 13 2.940 417 3 - - 2.940

Industrial&CommBankofChina 14 2.891 410 4 12 3.631 -0.740

BankofChina 15 2.777 394 4 4 6.234 -3.457

JPMorgan 16 2.526 358 2 10 3.799 -1.273

EuropeanBankforReconstruct&Dev 17 2.467 350 1 27 0.558 1.909

BankofAmericaMerrillLynch 18 2.198 312 2 - - 2.198

ChinaConstructionBank 19 2.124 301 3 16 2.378 -0.254

HSBC 20 2.049 291 3 11 3.672 -1.623

TOTAL 100% 14,186 27 100%



MENABorrowerLoans(Bookrunner)FY2017 FY2016


FirstAbuDhabiBankPJSC 1 11.589 5,669 18 - - 11.589

HSBC 2 8.026 3,927 14 1 6.349 1.677

Citi 3 4.722 2,310 10 11 3.207 1.515


Industrial&CommBankofChina 5 4.329 2,118 3 4 4.743 -0.414

AbuDhabiCommercialBank 6 4.127 2,019 11 46 0.632 3.495

JPMorgan 7 3.875 1,896 6 2 5.270 -1.395

ChinaDevelopmentBank 8 3.628 1,775 1 - - 3.628


NationalBankofEgypt 10 3.385 1,656 16 20 1.648 1.737

BanqueMisrSAE 11 3.334 1,631 22 16 2.213 1.121


ArabAfricanInternationalBank 13 3.074 1,504 21 42 0.716 2.358

AbuDhabiIslamicBank 14 2.996 1,466 9 18 1.748 1.248

DubaiIslamicBank 15 2.706 1,324 8 21 1.586 1.120

BankABC 16 2.689 1,315 10 25 1.383 1.306


CommercialInternationalBankofEgypt 18 2.191 1,072 7 28 1.052 1.139

MashreqbankPSC 19 2.079 1,017 5 34 0.864 1.215

NoorBank 20 2.074 1,015 5 22 1.503 0.571

TOTAL 100% 48,920 99 100%

MENABorrowerLoans(MandatedLeadArranger)FY2017 FY2016


HSBC 1 6.313 4,583 24 1 5.352 0.961




Citi 5 3.350 2,432 14 13 2.377 0.973



SambaCapital 8 2.717 1,972 10 15 1.845 0.872



NationalCommercialBank 11 2.453 1,781 8 16 1.773 0.680


BanqueMisrSAE 13 2.134 1,549 24 27 1.176 0.958



Natixis 16 2.006 1,457 10 14 2.035 -0.029


BNPParibas 18 1.832 1,330 5 10 2.702 -0.870

EmiratesNBDPJSC 19 1.817 1,319 14 17 1.728 0.089


TOTAL 100% 72,594 127 100%

GCCBorrowerLoans(Bookrunner)FY2017 FY2016



HSBC 2 9.409 3,927 14 1 7.175 2.234

Citi 3 5.471 2,283 9 11 3.625 1.846




JPMorgan 7 4.542 1,896 6 2 5.956 -1.414






BankABC 13 3.152 1,315 10 22 1.563 1.589


MashreqbankPSC 15 2.437 1,017 5 31 0.977 1.460

NoorBank 16 2.431 1,015 5 23 1.551 0.880

Natixis 17 1.973 823 3 18 1.728 0.245

EmiratesNBDPJSC 18 1.909 797 6 13 3.032 -1.123

CIBC 19 1.534 640 1 34 0.903 0.631

CommercialBankofDubai 20 1.502 627 4 59 0.139 1.363

TOTAL 100% 41,734 65 100%

GCCBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


HSBC 1 7.142 4,583 24 1 5.713 1.429





Citi 6 3.437 2,206 11 10 2.733 0.704


SambaCapital 8 3.074 1,972 10 15 2.122 0.952






Natixis 14 2.270 1,457 10 13 2.298 -0.028


BNPParibas 16 2.073 1,330 5 9 2.988 -0.915

EmiratesNBDPJSC 17 1.768 1,134 11 17 1.936 -0.168

BanqueSaudiFransi 18 1.765 1,132 6 18 1.614 0.151

JPMorgan 19 1.684 1,080 7 2 4.619 -2.935


TOTAL 100% 64,164 88 100%



EMEAIslamicFinancing(Bookrunner)FY2017 FY2016




NoorBank 3 12.465 1,171 7 3 9.315 3.150

FirstAbuDhabiBankPJSC 4 8.704 818 4 - - 8.704

AbuDhabiCommercialBank 5 7.693 723 6 16 1.646 6.047

StandardCharteredBank 6 6.084 571 7 9 3.846 2.238

MashreqbankPSC 7 3.797 357 4 23 0.986 2.811

BankABC 8 3.309 311 5 14 1.766 1.543

SocieteGenerale 9 3.077 289 2 17 1.484 1.593

HSBC 10 2.270 213 3 7 5.108 -2.838

EmiratesNBDPJSC 11 2.160 203 5 10 3.476 -1.316

QatarIslamicBank 12 1.758 165 2 30 0.523 1.235


GulfInternationalBankBSC 14 1.418 133 1 12 2.801 -1.383

ArabNationalBank 14 1.418 133 1 - - 1.418

NationalCommercialBank 14 1.418 133 1 5 5.952 -4.534

SaudiInvestmentBank/The 14 1.418 133 1 - - 1.418

BankofChina 18 1.220 115 1 - - 1.220

Citi 18 1.220 115 1 26 0.805 0.415

IntesaSanpaolo 18 1.220 115 1 - - 1.220

TOTAL 100% 9,392 36 100%

EMEAIslamicFinancing(MandatedLeadArranger)FY2017 FY2016


SambaCapital 1 9.565 1,858 9 1 6.740 2.825



HSBC 4 5.859 1,138 8 6 5.259 0.600

BanqueSaudiFransi 5 5.829 1,132 6 5 5.412 0.417

NoorBank 6 5.819 1,130 9 4 5.512 0.307


RiyadBank 8 4.799 932 5 9 2.846 1.953

Al-RajhiBanking&InvestmentCorp 9 3.990 775 5 7 4.973 -0.983

ArabNationalBank 10 3.667 712 4 12 2.217 1.450


AbuDhabiCommercialBank 12 3.215 624 6 28 1.307 1.908


BankAlbilad 14 2.454 477 3 36 0.930 1.524

SaudiInvestmentBank/The 15 2.124 413 3 15 1.798 0.326

MashreqbankPSC 16 2.063 401 6 43 0.625 1.438

JPMorgan 17 1.526 296 2 20 1.538 -0.012

BankAl-Jazira 18 1.476 287 2 15 1.798 -0.322



TOTAL 100% 19,424 48 100%

AfricaBorrowerLoans(Bookrunner)FY2017 FY2016


StandardCharteredBank 1 6.485 1,844 9 3 8.631 -2.146


BanqueMisrSAE 3 5.672 1,613 21 5 5.947 -0.275

SumitomoMitsuiFinancial 4 5.542 1,576 5 - - 5.542

BNPParibas 5 5.240 1,490 2 23 1.199 4.041






CommercialInternationalBankofEgypt 11 3.770 1,072 7 11 2.828 0.942

BankofChina 12 3.197 909 3 36 0.479 2.718

Export-ImportBankofKorea 13 2.860 813 1 - - 2.860

Export-ImportBankofChina 13 2.860 813 1 - - 2.860


StandardBankofSouthAfrica 16 2.571 731 5 6 5.685 -3.114

Citi 17 2.461 700 6 1 11.771 -9.310

QatarNationalBank 18 2.331 663 6 20 1.363 0.968


JPMorgan 20 1.665 473 3 10 3.236 -1.571

TOTAL 100% 28,433 68 100%

AfricaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


StandardBankofSouthAfrica 1 5.282 1,978 17 7 3.764 1.518

BNPParibas 2 4.397 1,647 10 16 2.183 2.214



BanqueMisrSAE 5 4.087 1,531 23 11 2.768 1.319

FirstRandLtd 6 3.725 1,395 18 3 4.230 -0.505


BankofChina 8 3.118 1,168 12 14 2.244 0.874


Citi 10 2.968 1,111 13 2 4.797 -1.829

Barclays 11 2.848 1,067 6 6 3.868 -1.020

INGGroep 12 2.826 1,058 8 23 1.499 1.327



CommercialInternationalBankofEgypt 15 2.441 914 12 35 0.946 1.495

HSBC 16 2.376 890 8 5 3.916 -1.540


UniCredit 18 2.167 811 4 20 1.834 0.333

QatarNationalBank 19 2.166 811 9 37 0.738 1.428

JPMorgan 20 2.156 808 8 10 3.308 -1.152

TOTAL 100% 37,452 96 100%



Sub-SaharanAfricaBorrowerLoans(Bookrunner)FY2017 FY2016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%) MktShareChg(%)


SumitomoMitsuiFinancial 2 7.181 1,526 4 - - 7.181

BNPParibas 3 7.013 1,490 2 14 1.604 5.409





BankofChina 8 4.279 909 3 26 0.641 3.638

Export-ImportBankofKorea 9 3.828 813 1 - - 3.828

Export-ImportBankofChina 9 3.828 813 1 - - 3.828


StandardBankofSouthAfrica 12 3.440 731 5 5 7.605 -4.165

Citi 13 3.168 673 5 1 15.746 -12.578


JPMorgan 15 2.228 473 3 8 4.328 -2.100

ABNAmroBankNV 16 1.836 390 1 - - 1.836

IntesaSanpaolo 16 1.836 390 1 - - 1.836

UniCredit 16 1.836 390 1 11 2.055 -0.219

Natixis 19 1.751 372 2 15 1.561 0.190

EasternandSouthernAfricanTradeandDevel

20 1.647 350 1 - - 1.647

TOTAL 100% 21,247 34 100%

Sub-SaharanAfricaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


StandardBankofSouthAfrica 1 6.705 1,978 17 4 5.156 1.549

BNPParibas 2 5.583 1,647 10 14 2.658 2.925


FirstRandLtd 4 4.729 1,395 18 3 5.795 -1.066


BankofChina 6 3.959 1,168 12 12 3.074 0.885


Barclays 8 3.615 1,067 6 5 5.153 -1.538


HSBC 10 3.017 890 8 9 4.127 -1.110

Citi 11 2.999 885 10 2 6.571 -3.572


INGGroep 13 2.910 858 6 34 0.718 2.192

UniCredit 14 2.751 811 4 25 1.111 1.640

JPMorgan 15 2.737 808 8 11 3.529 -0.792

Natixis 16 2.468 728 5 15 2.487 -0.019

ABNAmroBankNV 17 2.326 686 3 49 0.319 2.007

NedbankLtd 18 2.286 674 9 10 3.712 -1.426

DeutscheBank 19 2.257 666 3 27 0.888 1.369


TOTAL 100% 29,501 58 100%

SpainBorrowerLoans(Bookrunner)FY2017 FY2016


BancoSantander 1 17.756 7,579 75 1 17.427 0.329


LaCaixa 3 10.826 4,621 48 3 11.677 -0.851

Bankia 4 6.249 2,667 33 4 6.029 0.220

HSBC 5 4.267 1,821 9 10 2.825 1.442

BancoSabadell 6 4.075 1,739 20 5 4.971 -0.896



BNPParibas 9 3.327 1,420 12 8 3.449 -0.122

Natixis 10 3.237 1,382 9 18 1.488 1.749


Nomura 12 3.073 1,312 3 39 0.052 3.021

BancoPopularEspanolSA 13 2.942 1,256 13 17 1.564 1.378

GoldmanSachs 14 2.739 1,169 4 19 1.405 1.334

INGGroep 15 2.278 972 11 7 3.655 -1.377

Citi 16 1.878 801 10 15 2.059 -0.181

JPMorgan 17 1.415 604 4 14 2.304 -0.889

NatWestMarkets 18 1.344 574 4 - - 1.344

IntesaSanpaolo 19 1.320 564 4 11 2.562 -1.242

DeutscheBank 20 1.109 473 5 25 0.744 0.365

TOTAL 100% 42,684 124 100%

SpainBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


BancoSantander 1 12.483 6,196 105 1 12.331 0.152

LaCaixa 2 10.121 5,024 94 3 9.196 0.925


Bankia 4 6.526 3,239 61 4 7.413 -0.887

BancoSabadell 5 5.427 2,694 59 5 5.355 0.072


BNPParibas 7 4.036 2,003 26 6 4.493 -0.457

HSBC 8 3.698 1,835 11 13 2.254 1.444

BancoPopularEspanolSA 9 3.474 1,724 29 8 3.182 0.292

INGGroep 10 3.173 1,575 20 12 2.422 0.751



Natixis 13 2.730 1,355 11 18 1.763 0.967

Nomura 14 2.471 1,226 3 77 0.039 2.432

GoldmanSachs 15 2.465 1,224 5 29 0.708 1.757

JPMorgan 16 1.820 904 7 21 1.567 0.253

AbancaCorporacionBancariaSA 17 1.675 831 13 24 0.979 0.696

Citi 18 1.509 749 11 16 2.093 -0.584

NatWestMarkets 19 1.364 677 6 - - 1.364

Barclays 20 1.304 647 10 10 2.454 -1.150

TOTAL 100% 49,636 159 100%



AsiaPacificex-JapanLoansReviewFY2017totalAPACex-JapanLoansvolumedecreased1.39%toUSD498.8Blnwhilethetotalnumberofdealsincreased6.37%to1,619dealsyear-on-year.BankofChinarankedasthetopAPACex-JapanLoansbookrunnerforFY2017with14.78%ofcreditedmarketshare.Thebankactedasbookrunnerin180dealsovertheperiod.BankofTaiwanandANZBankingGrouprankedsecondandthirdwith4.50%and4.18%ofcreditedmarketshare,respectively.

APACex-JapanLoans(Bookrunner)

FY2017 FY2016


BankofChina 1 14.775 48,963 180 1 15.687 -0.912

BankofTaiwan 2 4.504 14,925 52 25 1.165 3.339

ANZBankingGroup 3 4.176 13,839 79 2 4.273 -0.097

StateBankofIndia 4 4.136 13,707 33 6 3.059 1.077


HSBC 6 3.371 11,171 76 3 3.589 -0.218

KBFinancialGroupInc 7 2.935 9,725 37 21 1.521 1.414


CommonwealthBankAustralia 9 2.450 8,118 43 9 2.615 -0.165


TOTAL 100% 331,380 1,176 100%

APACex-JapanLoans:LargestDealsbyCountryofFY2017

Borrower Volume(USDMln) Date Country

NetworkFinanceCoPtyLtd 4,477 06/07/2017 Australia

AlibabaGroupHoldingLtd 5,150 04/07/2017 China

MuseHoldings-BInc 3,585 07/20/2017 HongKong

RelianceIndustriesLtd,RelianceJioInfocommLtd 2,491 12/15/2017 India

PerusahaanListrikNegaraPT 2,088 07/07/2017 Indonesia

PengerangTerminalsTwoSdnBhd 1,250 12/11/2017 Malaysia

MSCommercialPteLtd 2,494 05/02/2017 Singapore

WesternInlandHighwayCoLtd 2,191 12/20/2017 SouthKorea

TaiwanHighSpeedRailCorp 10,222 10/13/2017 Taiwan

BeerCoLtd 1,950 12/19/2017 Thailand

Financials32%

Industrials18%


Energy8%

Utilities7%

Materials7%

Others14%

APACex-JapanLoans:QuarterlyVolume

Q42012

Q42012

Q42013

Q42013

Q42014

Q42014

Q42015

Q42015

Q42016

Q42016

QuartersQuarters

Q42017

Q42017

5050

100100

USDBln

USDBln

00

160160

200200

400400 DealC

ountDealC

ount

00

600600

DealCount Amount

APACex-JapanLoans:IndustryBreakdown

32%

18%15%

8%

7%

7%

14%

APACex-JapanLoans:BookrunnerRankingsHistory

BankofChina

BankofTaiwan

ANZBankingGroup

StateBankofIndia

StandardCharteredBank

HSBC

10

MarketShare(%

)

0

20

2017 2016 2015



Asiaex-JapanLoans(Bookrunner)FY2017 FY2016


BankofChina 1 16.656 47,492 174 1 19.081 -2.425

BankofTaiwan 2 5.234 14,925 52 20 1.441 3.793





HSBC 7 2.731 7,787 62 5 3.050 -0.319

KoreaDevelopmentBank 8 2.537 7,235 54 10 2.037 0.500

AxisBankLtd 9 2.519 7,184 41 9 2.207 0.312


DBSGroup 11 2.327 6,634 54 6 2.719 -0.392


ShanghaiPudongDevelopmentBankCoLtd 13 1.761 5,021 16 11 1.997 -0.236

ANZBankingGroup 14 1.751 4,994 35 19 1.614 0.137

CreditSuisse 15 1.557 4,441 27 27 1.161 0.396

ChinaConstructionBank 16 1.523 4,343 17 7 2.510 -0.987

ChinaMerchantsBank 17 1.431 4,081 19 8 2.432 -1.001

ICICI 18 1.393 3,971 29 30 1.044 0.349

ShinhanFinancialGroupCoLtd 19 1.362 3,883 30 18 1.706 -0.344

Maybank 20 1.362 3,883 21 45 0.559 0.803

TOTAL 100% 285,130 1,037 100%

Asiaex-JapanLoans(MandatedLeadArranger)FY2017 FY2016


BankofChina 1 15.345 63,122 352 1 15.414 -0.069


DBSGroup 3 3.548 14,592 145 3 3.536 0.012

HSBC 4 3.475 14,295 156 5 2.776 0.699

BankofTaiwan 5 3.294 13,550 63 29 0.877 2.417



KoreaDevelopmentBank 8 2.359 9,704 81 6 2.619 -0.260



Oversea-ChineseBankingCorp 11 2.189 9,003 88 14 1.902 0.287


UnitedOverseasBank 13 2.142 8,812 76 17 1.807 0.335


ShanghaiPudongDevelopmentBankCoLtd 15 1.880 7,733 38 18 1.768 0.112


AxisBankLtd 17 1.619 6,661 44 20 1.614 0.005

BankofCommunications 18 1.563 6,431 49 21 1.449 0.114

ChinaDevelopmentBank 19 1.525 6,273 13 2 3.860 -2.335


TOTAL 100% 411,338 1,369 100%

APACex-JapanG3CurrencyLoans(Bookrunner)FY2017 FY2016


BankofChina 1 11.281 14,563 25 3 4.902 6.379


HSBC 3 5.348 6,904 43 5 3.681 1.667


DBSGroup 5 4.420 5,706 40 2 4.950 -0.530



ChinaConstructionBank 8 3.106 4,009 15 36 0.832 2.274

CreditSuisse 9 2.847 3,676 25 11 2.714 0.133

Citi 10 2.748 3,547 21 14 2.354 0.394

BNPParibas 11 2.589 3,343 23 6 3.570 -0.981

DeutscheBank 12 2.434 3,142 24 12 2.580 -0.146



ChinaMerchantsBank 15 1.807 2,333 10 27 1.286 0.521

INGGroep 16 1.672 2,159 20 17 2.054 -0.382

AxisBankLtd 17 1.577 2,035 14 20 1.471 0.106


Maybank 19 1.351 1,744 10 31 1.103 0.248


TOTAL 100% 129,092 328 100%

APACex-JapanG3CurrencyLoans(MandatedLeadArranger)FY2017 FY2016


BankofChina 1 9.397 16,960 82 1 6.830 2.567


HSBC 3 5.059 9,131 96 3 3.654 1.405

DBSGroup 4 3.929 7,092 81 2 5.033 -1.104





Citi 9 2.932 5,292 47 11 2.435 0.497


BNPParibas 11 2.311 4,171 52 10 2.503 -0.192



INGGroep 14 1.812 3,271 42 24 1.427 0.385

CreditSuisse 15 1.755 3,168 30 17 1.614 0.141



CTBCFinancialHoldingCoLtd 18 1.570 2,834 43 29 1.054 0.516



TOTAL 100% 180,496 447 100%



APACex-JapanLoans(Bookrunner)FY2017 FY2016


BankofChina 1 14.775 48,963 180 1 15.687 -0.912

BankofTaiwan 2 4.504 14,925 52 25 1.165 3.339




HSBC 6 3.371 11,171 76 3 3.589 -0.218






AxisBankLtd 12 2.168 7,184 41 16 1.930 0.238

DBSGroup 13 2.139 7,090 56 11 2.353 -0.214


NationalAustraliaBankLtd 15 1.901 6,300 34 5 3.080 -1.179

WestpacBanking 16 1.689 5,598 38 8 2.620 -0.931

ShanghaiPudongDevelopmentBankCoLtd 17 1.515 5,021 16 19 1.615 -0.100


CreditSuisse 19 1.416 4,692 29 24 1.178 0.238


TOTAL 100% 331,380 1,176 100%

APACex-JapanLoans(MandatedLeadArranger)FY2017 FY2016


BankofChina 1 13.442 66,374 390 1 13.108 0.334

HSBC 2 3.672 18,133 195 4 3.171 0.501



DBSGroup 5 3.167 15,637 157 3 3.253 -0.086


BankofTaiwan 7 2.744 13,550 63 36 0.710 2.034











WestpacBanking 18 1.871 9,237 101 13 2.295 -0.424



TOTAL 100% 493,782 1,601 100%

ASEANLoans(Bookrunner)FY2017 FY2016


Maybank 1 7.639 3,722 18 13 3.139 4.500

DBSGroup 2 5.725 2,789 20 1 8.853 -3.128

BankNegaraIndonesia(Persero)TbkPT 3 5.671 2,763 17 3 6.387 -0.716




BankMandiri 7 3.583 1,746 13 14 3.103 0.480

CIMB 8 3.194 1,556 10 11 3.690 -0.496

UnitedOverseasBank 9 3.123 1,522 7 8 4.042 -0.919


HSBC 11 2.877 1,402 11 6 4.887 -2.010

Oversea-ChineseBankingCorp 12 2.863 1,395 16 7 4.597 -1.734


BankCentralAsia 14 2.593 1,264 11 51 0.295 2.298

CreditSuisse 15 2.558 1,247 12 27 0.884 1.674


DeutscheBank 17 2.236 1,090 12 38 0.404 1.832

BankofChina 18 2.226 1,084 7 16 2.617 -0.391

BDOUNIBANKINC 19 2.211 1,077 3 23 0.954 1.257

BNPParibas 20 1.874 913 10 9 3.930 -2.056

TOTAL 100% 48,726 141 100%

ASEANLoans(MandatedLeadArranger)FY2017 FY2016


DBSGroup 1 7.608 6,841 65 1 9.511 -1.903





Maybank 6 3.945 3,547 35 10 2.993 0.952

BankNegaraIndonesia(Persero)TbkPT 7 3.923 3,527 21 6 3.431 0.492

HSBC 8 3.661 3,292 40 7 3.275 0.386


BankofChina 10 3.195 2,873 31 12 2.432 0.763

BankMandiri 11 2.853 2,566 19 11 2.715 0.138



CIMB 14 1.793 1,613 20 16 1.917 -0.124

Citi 15 1.741 1,566 16 21 1.004 0.737

BDOUNIBANKINC 16 1.682 1,512 6 31 0.729 0.953


BNPParibas 18 1.554 1,397 27 14 2.182 -0.628


BankRakyatIndonesiaPT 20 1.451 1,305 5 17 1.915 -0.464

TOTAL 100% 89,921 236 100%



APACex-JapanLeveragedLoans(Bookrunner)FY2017 FY2016


DBSGroup 1 6.346 945 3 10 3.017 3.329

MitsubishiUFJFinancialGroupInc 2 5.876 875 2 - - 5.876

BankofChina 2 5.876 875 2 2 7.288 -1.412


ChinaMerchantsBank 2 5.876 875 2 1 27.342 -21.466

GoldmanSachs 6 5.499 819 4 21 1.560 3.939

HSBC 7 5.113 762 3 4 5.170 -0.057

Citi 8 3.893 580 2 - - 3.893

WestpacBanking 9 3.881 578 5 - - 3.881

CreditSuisse 10 3.729 555 3 8 3.177 0.552

BankofCommunications 11 3.469 517 1 - - 3.469

MizuhoFinancial 11 3.469 517 1 - - 3.469

ANZBankingGroup 13 3.427 510 4 3 5.378 -1.951

WooriBank 14 3.039 453 4 - - 3.039

MiraeAssetDaewooCoLtd 15 3.035 452 4 - - 3.035

ChinaCiticBank 16 2.649 395 2 7 4.157 -1.508

ChinaMinshengBankingCorpLtd 16 2.649 395 2 27 0.814 1.835

BankofAmericaMerrillLynch 18 2.407 359 1 32 0.138 2.269

ShanghaiPudongDevelopmentBankCoLtd 18 2.407 359 1 - - 2.407

CTBCFinancialHoldingCoLtd 20 2.130 317 5 5 4.525 -2.395

TOTAL 100% 14,894 33 100%

APACex-JapanLeveragedLoans(MandatedLeadArranger)FY2017 FY2016


BankofChina 1 8.491 1,533 5 2 11.940 -3.449



DBSGroup 4 5.167 933 4 14 1.674 3.493




GoldmanSachs 8 3.382 611 4 16 1.505 1.877


Citi 10 2.926 528 2 - - 2.926


MiraeAssetDaewooCoLtd 12 2.778 501 4 - - 2.778

BankofCommunications 13 2.757 498 2 33 0.583 2.174

WooriBank 14 2.689 485 5 25 1.171 1.518

HSBC 15 2.526 456 4 24 1.215 1.311

ChinaMinshengBankingCorpLtd 16 2.367 427 3 37 0.522 1.845

ChinaCiticBank 17 2.186 395 2 3 5.975 -3.789

ShanghaiPudongDevelopmentBankCoLtd 18 1.986 359 1 15 1.541 0.445

BankofAmericaMerrillLynch 18 1.986 359 1 60 0.103 1.883

CathayUnitedBankCoLtd 20 1.882 340 7 17 1.415 0.467

TOTAL 100% 18,050 41 100%

APACProjectFinanceLoans(Bookrunner)FY2017 FY2016


BankofChina 1 26.472 21,261 58 1 32.948 -6.476




AxisBankLtd 5 3.698 2,970 13 10 2.138 1.560

AgriculturalBankofChinaLtd 6 3.519 2,826 5 9 2.192 1.327




L&TFinancialServices 10 1.675 1,346 21 - - 1.675


ICICI 12 1.516 1,217 12 13 1.260 0.256


YesBank 14 1.479 1,188 19 21 0.774 0.705




WestpacBanking 18 1.063 854 5 17 0.908 0.155

CommonwealthBankAustralia 19 1.002 805 5 18 0.888 0.114

ChinaConstructionBank 20 0.935 751 2 19 0.861 0.074

TOTAL 100% 80,315 261 100%

APACProjectFinanceLoans(MandatedLeadArranger)FY2017 FY2016


BankofChina 1 20.585 25,672 93 1 23.211 -2.626









AxisBankLtd 10 2.381 2,970 13 13 1.560 0.821

AgriculturalBankofChinaLtd 11 2.311 2,882 7 6 3.075 -0.764





CommonwealthBankAustralia 16 1.440 1,796 21 20 1.137 0.303


JapanBankforInternationalCooperation 18 1.379 1,720 2 32 0.672 0.707

WestpacBanking 19 1.331 1,660 18 14 1.516 -0.185

INGGroep 20 1.081 1,348 12 46 0.406 0.675

TOTAL 100% 124,710 358 100%



AustraliaBorrowerLoans(Bookrunner)FY2017 FY2016

Firm Rank MktShare(%) Volume(AUDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)



WestpacBanking 3 10.454 5,321 21 3 12.750 -2.296


HSBC 5 8.624 4,389 14 5 5.663 2.961


BankofChina 7 3.745 1,906 6 17 1.585 2.160




BNPParibas 11 2.203 1,121 5 7 3.429 -1.226


Natixis 13 1.479 753 6 13 2.260 -0.781

INGGroep 14 1.408 717 5 9 2.630 -1.222


DBSGroup 16 1.164 592 2 22 0.952 0.212

ABNAmroBankNV 16 1.164 592 2 23 0.623 0.541


CreditSuisse 19 1.122 571 3 19 1.400 -0.278


TOTAL 100% 50,897 101 100%

AustraliaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016

Firm Rank MktShare(%) Volume(AUDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)




WestpacBanking 4 7.938 8,083 60 3 10.055 -2.117


HSBC 6 4.941 5,031 37 6 4.456 0.485


BankofChina 8 4.377 4,457 36 8 3.699 0.678




BNPParibas 12 2.370 2,414 15 11 2.490 -0.120

INGGroep 13 1.928 1,963 17 16 2.043 -0.115


DBSGroup 15 1.607 1,636 13 13 2.348 -0.741


Scotiabank 17 1.573 1,602 11 15 2.068 -0.495


Natixis 19 1.446 1,473 12 17 1.904 -0.458


TOTAL 100% 101,829 184 100%

Australia/NewZealandLoans(Bookrunner)FY2017 FY2016





WestpacBanking 4 10.266 4,748 29 4 12.161 -1.895

HSBC 5 7.318 3,384 14 5 5.932 1.386


BankofChina 7 3.181 1,471 6 17 1.357 1.824




BNPParibas 11 1.867 863 5 7 2.998 -1.131

Citi 12 1.519 702 5 18 1.295 0.224


Natixis 14 1.270 587 7 13 1.998 -0.728


DBSGroup 16 0.985 456 2 22 0.816 0.169

ABNAmroBankNV 16 0.985 456 2 24 0.546 0.439



GoldmanSachs 20 0.901 417 4 29 0.380 0.521

TOTAL 100% 46,249 140 100%

Australia/NewZealandLoans(MandatedLeadArranger)FY2017 FY2016





WestpacBanking 4 9.166 7,557 79 4 10.588 -1.422

HSBC 5 4.656 3,838 40 5 4.897 -0.241


BankofChina 7 3.945 3,252 38 8 3.293 0.652




BNPParibas 11 2.042 1,683 14 11 2.130 -0.088




INGGroep 15 1.548 1,277 17 17 1.723 -0.175

Citi 16 1.437 1,184 12 23 1.262 0.175

Natixis 17 1.353 1,116 13 18 1.635 -0.282

Scotiabank 18 1.337 1,102 11 14 1.811 -0.474

DBSGroup 19 1.267 1,044 12 12 2.063 -0.796


TOTAL 100% 82,443 234 100%



ChinaBorrowerLoans(Bookrunner)FY2017 FY2016

Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofChina 1 48.525 286,401 155 1 42.358 6.167



AgriculturalBankofChinaLtd 4 4.054 23,926 9 7 2.644 1.410

HSBC 5 3.532 20,848 23 8 2.414 1.118


BankofShanghai 7 2.487 14,678 5 - - 2.487



DBSGroup 10 1.880 11,093 19 20 0.965 0.915


DeutscheBank 12 1.544 9,114 8 19 1.085 0.459

Citi 13 1.535 9,060 6 22 0.631 0.904



CreditSuisse 16 1.227 7,245 7 10 1.812 -0.585


Natixis 18 0.790 4,664 5 14 1.378 -0.588

BankofCommunications 19 0.766 4,524 3 11 1.686 -0.920

ChinaEverbrightBank 20 0.708 4,180 4 34 0.223 0.485

TOTAL 100% 590,208 284 100%

ChinaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016

Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofChina 1 40.120 354,243 272 1 36.626 3.494





HSBC 6 3.460 30,549 47 9 2.068 1.392

AgriculturalBankofChinaLtd 7 3.300 29,135 22 5 4.203 -0.903



DBSGroup 10 2.321 20,492 36 13 1.387 0.934



ChinaCiticBank 13 1.528 13,487 17 3 4.629 -3.101

Citi 14 1.332 11,757 12 25 0.694 0.638




MorganStanley 18 1.022 9,023 4 43 0.237 0.785

CreditSuisse 19 0.941 8,310 9 15 1.333 -0.392


TOTAL 100% 882,956 408 100%

TaiwanBorrowerLoans(Bookrunner)FY2017 FY2016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofTaiwan 1 49.564 14,599 46 1 13.956 35.608

TaiwanCooperativeFinancialHoldingCoLtd

2 8.308 2,447 42 3 8.601 -0.293

MegaFinancialHoldingCoLtd 3 8.206 2,417 33 2 9.596 -1.390

LandBankofTaiwan 4 5.959 1,755 27 5 7.698 -1.739

FubonFinancialHoldingCoLtd 5 3.118 919 20 4 7.771 -4.653

TaishinFinancialHoldingCoLtd 6 2.883 849 11 8 5.693 -2.810

ChangHwaCommercialBank 7 2.753 811 16 9 4.996 -2.243

BNPParibas 8 2.716 800 1 - - 2.716

YuantaFinancialHoldingCoLtd 9 2.675 788 7 24 0.321 2.354

HuaNanFinancialHoldingsCoLtd 10 2.432 716 17 10 4.921 -2.489

TaiwanBusinessBank 11 2.255 664 17 13 2.382 -0.127

FirstCommercialBank 12 2.090 615 18 7 6.242 -4.152



E.SunFinancialHoldingCoLtd 15 1.002 295 13 18 1.260 -0.258

CathayUnitedBankCoLtd 16 0.734 216 4 16 1.858 -1.124

FarEasternInternationalBank 17 0.334 98 4 30 0.163 0.171

O-BankCoLtd 18 0.321 94 2 22 0.421 -0.100

KGIBank 19 0.316 93 3 20 0.579 -0.263

AgriculturalBankofTaiwan 20 0.203 60 1 28 0.201 0.002

TOTAL 100% 29,455 144 100%

TaiwanBorrowerLoans(MandatedLeadArranger)FY2017 FY2016

Firm RankMkt

Share(%)Volume(USD

Mln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofTaiwan 1 43.556 13,114 52 1 10.169 33.387

MegaFinancialHoldingCoLtd 2 8.638 2,601 51 2 9.064 -0.426


3 7.696 2,317 63 3 8.757 -1.061

LandBankofTaiwan 4 7.598 2,287 45 4 6.563 1.035

HuaNanFinancialHoldingsCoLtd 5 3.344 1,007 30 8 5.656 -2.312

TaiwanBusinessBank 6 3.017 908 30 11 3.955 -0.938

YuantaFinancialHoldingCoLtd 7 2.949 888 11 23 0.722 2.227

BNPParibas 8 2.657 800 1 - - 2.657

ChangHwaCommercialBank 9 2.623 790 27 9 5.240 -2.617

FubonFinancialHoldingCoLtd 10 2.589 780 23 7 5.739 -3.150

TaishinFinancialHoldingCoLtd 11 2.467 743 13 5 6.270 -3.803

FirstCommercialBank 12 2.146 646 26 10 4.791 -2.645



E.SunFinancialHoldingCoLtd 15 1.093 329 16 16 2.522 -1.429

AgriculturalBankofTaiwan 16 0.703 212 8 26 0.521 0.182

DBSGroup 17 0.681 205 7 15 2.542 -1.861

O-BankCoLtd 18 0.497 150 6 28 0.404 0.093

SinoPacFinancialHoldingsCoLtd 19 0.493 148 5 14 2.582 -2.089

FarEasternInternationalBank 20 0.394 119 4 29 0.317 0.077

TOTAL 100% 30,107 149 100%



HongKong/MacauLoans(Bookrunner)FY2017 FY2016



BankofChina 2 9.112 5,886 19 3 6.117 2.995

HSBC 3 7.960 5,142 34 2 7.746 0.214






CreditSuisse 9 3.620 2,338 11 12 3.101 0.519

DBSGroup 10 2.969 1,918 12 13 2.975 -0.006

DeutscheBank 11 2.959 1,912 10 14 2.917 0.042

Citi 12 2.800 1,808 8 21 2.301 0.499


FubonFinancialHoldingCoLtd 14 1.751 1,131 6 26 1.022 0.729

INGGroep 15 1.621 1,047 7 34 0.435 1.186

ChinaEverbrightBank 16 1.453 939 5 37 0.385 1.068


ShanghaiPudongDevelopmentBankCoLtd 18 1.429 923 5 8 4.022 -2.593

MorganStanley 19 1.421 918 3 38 0.371 1.050

ChinaCiticBank 20 1.323 854 5 10 3.330 -2.007

TOTAL 100% 64,594 130 100%

HongKong/MacauLoans(MandatedLeadArranger)FY2017 FY2016


BankofChina 1 8.724 9,896 69 1 7.492 1.232

HSBC 2 8.711 9,882 95 2 7.129 1.582



DBSGroup 5 4.768 5,409 45 11 3.078 1.690





BankofCommunications 10 2.985 3,386 34 6 3.948 -0.963


Citi 12 2.390 2,711 18 15 2.574 -0.184

BankofEastAsiaLtd 13 2.246 2,548 32 21 1.935 0.311





ChongHingBankLtd 18 1.611 1,827 19 25 1.610 0.001

ChinaCiticBank 19 1.509 1,712 16 16 2.443 -0.934

ChinaCindaAssetManagementCoLtd 20 1.439 1,632 26 37 0.481 0.958

TOTAL 100% 113,440 208 100%

HongKongBorrowerLoans(Bookrunner)FY2017 FY2016

Firm Rank MktShare(%) Volume(HKDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofChina 1 14.313 28,973 9 3 7.395 6.918

HSBC 2 8.548 17,302 17 2 10.129 -1.581




CreditSuisse 6 4.315 8,734 4 - - 4.315


DBSGroup 8 3.812 7,716 6 5 4.487 -0.675






ChinaCiticBank 14 2.128 4,307 2 20 1.072 1.056

INGGroep 15 1.853 3,751 3 22 1.054 0.799

DeutscheBank 16 1.744 3,529 2 32 0.713 1.031

ShanghaiPudongDevelopmentBankCoLtd

17 1.531 3,100 2 15 1.965 -0.434

GoldmanSachs 18 1.421 2,877 2 - - 1.421


ChinaMinshengBankingCorpLtd 19 1.383 2,800 1 - - 1.383

TOTAL 100% 202,419 50 100%

HongKongBorrowerLoans(MandatedLeadArranger)FY2017 FY2016

Firm Rank MktShare(%) Volume(HKDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofChina 1 10.985 42,309 33 3 7.451 3.534

HSBC 2 10.134 39,030 49 2 7.775 2.359


DBSGroup 4 5.910 22,763 23 7 3.789 2.121






BankofEastAsiaLtd 10 2.796 10,768 13 16 2.114 0.682






ChinaCiticBank 16 1.846 7,112 8 26 0.698 1.148




ChongHingBankLtd 20 1.504 5,791 13 23 1.306 0.198

TOTAL 100% 385,155 93 100%



SouthKoreaBorrowerLoans(Bookrunner)FY2017 FY2016

Firm RankMkt

Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)




HanaFinancialGroupInc 4 4.862 1,445 12 4 5.331 -0.469

MiraeAssetDaewooCoLtd 5 3.472 1,032 8 - - 3.472

NHInvestment&SecuritiesCoLtd 6 3.102 922 6 17 1.017 2.085

IndustrialBankofKorea 7 2.636 783 4 7 2.646 -0.010

NationalAgriculturalCooperativeFederation

8 2.529 751 4 16 1.058 1.471

WooriBank 9 2.395 712 8 6 2.694 -0.299

SamsungSecuritiesCoLtd 10 2.292 681 7 24 0.384 1.908

KyoboLifeInsuranceCoLtd 11 1.814 539 3 - - 1.814

HanwhaLifeInsuranceCoLtd 12 1.597 475 1 22 0.448 1.149

KoreaInvestment&SecuritiesCo 13 1.567 466 5 18 0.946 0.621


StandardCharteredBank 15 0.713 212 3 - - 0.713

DBSGroup 16 0.538 160 1 - - 0.538

MeritzSecuritiesCoLtd 17 0.507 151 1 - - 0.507

NationalCreditUnionFederationofKorea 17 0.507 151 1 31 0.095 0.412

INGGroep 19 0.436 130 1 14 1.079 -0.643

BancoSantander 19 0.436 130 1 - - 0.436

TOTAL 100% 29,717 131 100%

SouthKoreaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016





NHInvestment&SecuritiesCoLtd 4 4.593 1,535 7 5 3.254 1.339

HanaFinancialGroupInc 5 4.571 1,528 13 4 4.087 0.484

MiraeAssetDaewooCoLtd 6 3.627 1,212 9 - - 3.627

NationalAgriculturalCooperativeFederation 7 2.605 871 5 11 1.443 1.162

SamsungSecuritiesCoLtd 8 2.512 840 9 10 1.471 1.041

IndustrialBankofKorea 9 2.247 751 4 8 2.104 0.143

WooriBank 10 1.918 641 8 7 2.251 -0.333

KyoboLifeInsuranceCoLtd 11 1.613 539 3 - - 1.613

HanwhaLifeInsuranceCoLtd 12 1.420 475 1 24 0.501 0.919

KoreaInvestment&SecuritiesCo 13 1.313 439 4 12 1.414 -0.101



Citi 16 0.798 267 3 22 0.640 0.158


BankofChina 18 0.651 217 5 25 0.412 0.239

DBSGroup 19 0.548 183 3 - - 0.548


TOTAL 100% 33,425 153 100%

IndiaBorrowerLoans(Bookrunner)FY2017 FY2016

Firm Rank MktShare(%) Volume(INRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)


AxisBankLtd 2 15.197 448,239 37 2 18.992 -3.795

ICICI 3 8.107 239,127 27 3 8.302 -0.195



IndusindBankLtd 6 4.909 144,787 37 13 2.239 2.670

IDFCBankLtd 7 3.840 113,258 14 7 2.719 1.121

YesBank 8 3.703 109,224 23 5 3.783 -0.080


DBSGroup 10 2.001 59,026 9 11 2.382 -0.381

Barclays 11 1.632 48,139 9 19 0.835 0.797



HSBC 14 1.427 42,086 8 27 0.393 1.034

Citi 15 1.345 39,669 7 12 2.263 -0.918


BNPParibas 17 1.121 33,077 6 23 0.569 0.552


ExportDevelopmentCanada 19 0.837 24,693 4 35 0.156 0.681


TOTAL 100% 2,949,588 232 100%

IndiaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016

Firm Rank MktShare(%) Volume(INRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

StateBankofIndia 1 29.571 1,007,525 39 1 26.166 3.405

AxisBankLtd 2 12.236 416,917 39 2 14.814 -2.578

ICICI 3 7.708 262,632 32 3 6.707 1.001


IndusindBankLtd 5 4.277 145,739 39 13 1.979 2.298


IDFCBankLtd 7 3.414 116,330 15 12 2.269 1.145

YesBank 8 3.401 115,866 25 7 3.388 0.013


DBSGroup 10 2.408 82,054 14 5 4.431 -2.023


Citi 12 1.601 54,546 11 6 3.684 -2.083




Barclays 16 1.172 39,928 9 25 0.750 0.422

HSBC 17 1.118 38,095 10 31 0.435 0.683

ExportDevelopmentCanada 18 1.105 37,634 7 29 0.521 0.584


BNPParibas 20 0.947 32,253 8 20 0.946 0.001

TOTAL 100% 3,407,167 261 100%



SingaporeBorrowerLoans(Bookrunner)FY2017 FY2016


DBSGroup 1 10.486 1,544 9 1 12.830 -2.344


Maybank 3 7.140 1,051 3 20 1.488 5.652

HSBC 4 6.221 916 5 5 6.492 -0.271

ABNAmroBankNV 5 5.225 769 7 14 2.902 2.323







BankofChina 12 2.833 417 3 7 5.037 -2.204

Oversea-ChineseBankingCorp 13 2.745 404 5 8 4.976 -2.231

INGGroep 14 2.441 359 5 11 3.480 -1.039


Rabobank 16 2.179 321 5 21 1.307 0.872

DeutscheBank 17 2.105 310 3 22 0.905 1.200


ChinaMerchantsBank 19 1.783 263 1 - - 1.783


TOTAL 100% 14,723 35 100%

SingaporeBorrowerLoans(MandatedLeadArranger)FY2017 FY2016



DBSGroup 2 13.974 4,773 36 1 11.764 2.210




HSBC 6 4.168 1,423 17 5 4.914 -0.746

Maybank 7 4.098 1,400 6 10 3.525 0.573

BankofChina 8 3.592 1,227 12 9 3.617 -0.025





ABNAmroBankNV 13 1.358 464 8 22 0.935 0.423

Industrial&CommBankofChina 14 1.232 421 4 17 1.493 -0.261

WestpacBanking 15 1.218 416 4 13 2.434 -1.216

BNPParibas 16 1.217 416 5 11 2.775 -1.558


NationalAustraliaBankLtd 18 1.055 360 3 18 1.303 -0.248

CTBCFinancialHoldingCoLtd 19 1.018 348 8 30 0.639 0.379

INGGroep 20 0.948 324 6 14 1.939 -0.991

TOTAL 100% 34,156 75 100%

IndonesiaBorrowerLoans(Bookrunner)FY2017 FY2016


BankNegaraIndonesia(Persero)TbkPT 1 17.882 2,763 17 1 25.565 -7.683

BankMandiri 2 11.299 1,746 13 2 11.019 0.280




CIMB 6 5.490 848 6 7 4.645 0.845

Maybank 7 3.903 603 5 12 2.625 1.278

ChinaConstructionBank 8 3.365 520 1 - - 3.365

Oversea-ChineseBankingCorp 9 3.256 503 6 15 2.159 1.097

BankRakyatIndonesiaPT 10 3.220 498 3 9 4.453 -1.233

SaranaMultiInfrastrukturPerseroPT 11 3.200 494 3 - - 3.200

BNPParibas 12 2.932 453 6 5 5.804 -2.872


DBSGroup 14 2.197 340 5 3 5.923 -3.726

CTBCFinancialHoldingCoLtd 15 2.123 328 4 17 1.371 0.752

ANZBankingGroup 16 1.640 253 3 16 1.413 0.227

HSBC 17 1.586 245 4 10 4.058 -2.472

DeutscheBank 18 1.474 228 4 27 0.363 1.111

Citi 19 1.456 225 3 14 2.213 -0.757


TOTAL 100% 15,451 55 100%

IndonesiaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016



BankMandiri 2 8.826 2,566 19 2 8.321 0.505



JapanBankforInternationalCooperation 5 5.919 1,720 2 25 0.823 5.096



BankRakyatIndonesiaPT 8 4.488 1,305 5 5 6.130 -1.642


SaranaMultiInfrastrukturPerseroPT 10 2.520 733 6 17 1.812 0.708

CIMB 11 2.442 710 10 13 2.256 0.186

BNPParibas 12 2.366 688 13 9 2.968 -0.602

DBSGroup 13 2.360 686 15 4 7.245 -4.885

Maybank 14 2.183 635 9 12 2.344 -0.161

INGGroep 15 2.064 600 5 19 1.398 0.666

HSBC 16 1.987 578 13 15 2.213 -0.226



BankofChina 19 1.442 419 7 14 2.231 -0.789

UnitedOverseasBank 20 1.431 416 9 20 1.316 0.115

TOTAL 100% 29,067 81 100%



MalaysiaBorrowerLoans(Bookrunner)FY2017 FY2016


Maybank 1 29.067 1,580 5 7 5.717 23.350


HSBC 3 10.392 565 3 - - 10.392

CIMB 4 10.285 559 3 2 17.231 -6.946


BNPParibas 6 5.916 322 2 10 2.742 3.174

DeutscheBank 7 5.024 273 1 13 1.242 3.782

KoreaDevelopmentBank 8 4.363 237 1 - - 4.363

AmInvestmentBankBhd 9 3.915 213 3 6 6.141 -2.226

RHB 10 3.615 196 2 14 0.960 2.655

DBSGroup 11 2.982 162 1 8 4.303 -1.321

MitsubishiUFJFinancialGroupInc 12 0.920 50 1 - - 0.920

CathayUnitedBankCoLtd 12 0.920 50 1 - - 0.920

BankofChina 14 0.892 48 1 5 8.813 -7.921

ChinaMerchantsBank 14 0.892 48 1 - - 0.892

CreditSuisse 14 0.892 48 1 - - 0.892

OctaveJapanCoLtd 14 0.892 48 1 - - 0.892

SabahDevelopmentBankBhd 18 0.740 40 1 - - 0.740

- - - - - - - -

- - - - - - - -

TOTAL 100% 5,435 19 100%

MalaysiaBorrowerLoans(MandatedLeadArranger)FY2017 FY2016


Oversea-ChineseBankingCorp 1 12.712 1,416 13 2 13.095 -0.383

Maybank 2 10.953 1,220 11 8 4.217 6.736

HSBC 3 10.644 1,186 7 10 3.667 6.977

CIMB 4 7.698 858 8 6 6.947 0.751

AmInvestmentBankBhd 5 5.789 645 6 12 2.656 3.133


RHB 7 4.653 518 5 18 0.762 3.891




BankofChina 11 2.855 318 5 9 3.944 -1.089

AffinHwangCapital 12 2.598 289 3 11 2.928 -0.330

DBSGroup 13 2.465 275 3 3 12.564 -10.099

UnitedOverseasBank 14 2.340 261 3 4 9.511 -7.171

INGGroep 15 2.215 247 3 17 0.802 1.413

CathayUnitedBankCoLtd 16 1.749 195 3 19 0.688 1.061

Natixis 17 1.624 181 2 - - 1.624

CTBCFinancialHoldingCoLtd 18 1.412 157 2 - - 1.412

MalaysiaBuildingSociety 19 1.205 134 2 - - 1.205


TOTAL 100% 11,139 33 100%

ThailandBorrowerLoans(Bookrunner)FY2017 FY2016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount PrevRank PrevMktShare(%) MktShareChg(%)


SiamCommercialBankPCL 2 23.548 905 3 3 11.463 12.085

KrungThaiBank 3 4.713 181 2 - - 4.713

BangkokBankPCL 3 4.713 181 2 3 11.463 -6.750

Rabobank 5 3.637 140 1 - - 3.637

BankofTaiwan 6 2.868 110 1 - - 2.868

MegaFinancialHoldingCoLtd 7 0.803 31 1 - - 0.803

TaishinFinancialHoldingCoLtd 7 0.803 31 1 - - 0.803

LandBankofTaiwan 7 0.803 31 1 - - 0.803

E.SunFinancialHoldingCoLtd 7 0.803 31 1 - - 0.803

FubonFinancialHoldingCoLtd 7 0.803 31 1 - - 0.803


7 0.803 31 1 - - 0.803

SinoPacFinancialHoldingsCoLtd 7 0.803 31 1 - - 0.803

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 3,843 8 100%

ThailandBorrowerLoans(MandatedLeadArranger)FY2017 FY2016

Firm RankMkt

Share(%)Volume(USD

Mln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)



SiamCommercialBankPCL 3 17.103 905 3 3 8.975 8.128

BangkokBankPCL 4 10.362 548 4 1 12.403 -2.041

BankofAyudhyaPCL 5 8.344 442 3 7 5.010 3.334

KasikornbankPCL 6 6.114 324 2 4 8.949 -2.835


KrungThaiBank 8 3.423 181 2 8 4.057 -0.634

BankofTaiwan 9 2.083 110 1 - - 2.083

KiatnakinBankPCL 10 1.404 74 1 17 3.219 -1.815

Rabobank 11 1.321 70 1 9 3.982 -2.661

CathayUnitedBankCoLtd 11 1.321 70 1 - - 1.321

SinoPacFinancialHoldingsCoLtd 13 0.583 31 1 - - 0.583

MegaFinancialHoldingCoLtd 13 0.583 31 1 - - 0.583

TaishinFinancialHoldingCoLtd 13 0.583 31 1 - - 0.583

LandBankofTaiwan 13 0.583 31 1 - - 0.583

E.SunFinancialHoldingCoLtd 13 0.583 31 1 - - 0.583

FubonFinancialHoldingCoLtd 13 0.583 31 1 - - 0.583


13 0.583 31 1 - - 0.583

- - - - - - - -

TOTAL 100% 5,291 12 100%

Bloomberg Syndicated Loans - League Tables Criteria

General Guidelines

For a signed, syndicated loan transaction to receive credit in Bloomberg league tables, Bloomberg must be notified of the following information:

• Borrower (and parent/guarantor if applicable) • Tranche amounts and types• Total Deal amount • Capital structure rank• Signing/execution/funding date • Syndicate list with titles & branch locations• Maturity date and tenor • Agent(s)• Borrower country of domicile/incorporation • Market of Syndication

Credit is awarded as of the date of execution of the credit agreement, regardless of subsequent events related to the transaction, with the exception of Asia-Pacific transactions signed in senior syndication (documentation required); for which credit is awarded only on the syndication completion date.

Amendments / Amended and Restated Agreements Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only:

• Maturity is extended for a period of three months or more. A limitation of one amended maturity update is allowed full credit perloan, per calendar year.

• Credit is allocated on incremental basis for increases in deal size.• Reduction in pricing.• Full release of collateral.• Borrowing base amendment increases on an incremental basis.

Eligible Roles and Credit Allocation Full credit is split equally between bank(s) sharing the highest title on a loan. Mandated lead arrangers or bookrunners under the same parent are treated as one bank. There is no limit to the number of mandated lead arranger or bookrunner titles on any syndicated loan.

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

margin at signing of LIBOR / EURIBOR +300 or higher and a leverage multiple greater than 4.5x.

APAC Loans must meet both of the below criteria to be considered Leveraged:a. primary use of proceeds is LBO, MBO, recapitalization, secondary buyout;b. a private equity sponsor is present.

Bloomberg Syndicated Loans - League Tables Criteria

Table Types • Investment Grade Loans

Loans or Borrowers with one or more Investment Grade ratings are automatically considered Investment Grade. Where a Loan or Borrower receives split ratings, the transaction will be credited to the relevant Investment Grade table.

• High Grade LoansUnrated Loans will be considered high grade if they are unsecured and have a margin at close of 150 BPS or less:

a. In EMEA, internal bank ratings (that must be equivalent to Fitch/Moody’s/Standard & Poor’s IG ratings) are required.b. In APAC, the Sovereign rating of the borrower must be investment grade.

Leveraged:

•

For the purposes of League Table credit, Loans meeting one or more of the following criterion are considered Leveraged:

• US Loansa. rated BB+ or lower;b. unrated Loans where the borrowing entity has a non-Investment Grade rating;c. primary use of proceeds is LBO, MBO, recapitalization, secondary buyout;d. a private equity sponsor is present;e. If neither the Loan nor the Borrower are rated and the US Loan has a margin at signing of LIBOR +200bps or higher and is secured by a lien.

• EMEA Loansa. primary use of proceeds is LBO, MBO, recapitalization, secondary buyout;b. a private equity sponsor is present;c.

Exclusions • Bilateral transactions.• Transactions with a maturity of less than three months.• Cancelled or withdrawn transactions that are not signed prior to the deal’s cancellation or withdrawal.

The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on LEAG<GO>.

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

GLOBAL SYNDICATED LOANS · 2018-01-02 · Bloomberg. Global Syndicated Loans | FY 2017. Bloomberg...

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