GLOBAL SYNDICATED LOANS - Bloomberg Finance L.P. · Global Syndicated Loans Review. 1st 3Q 2018...

GLOBAL SYNDICATED LOANS LEAGUE TABLES First 3Q 2018 Preliminary as of 20 June 2018

DATA SUBMISSIONS AND QUERIES

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.

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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.

CONTENTS

1. Global market review2. US market review3. Canada market review4. Latin America market review5. EMEA market review6. Asia Pacific market review7. Table criteria

GLOBAL SYNDICATED LOANS

Americas

Latin America

EMEA

Contact Email Phone

Asia-Pacific

FIRST 3Q 2018 PRELIMINARY AS OF 20 SEPTEMBER 2018

MANAGER RANKINGS

© 2018 Bloomberg Finance L.P. All rights reserved.

Paul Bandong +1 609 279 5187 [email protected]

Ceres Ribeiro +1 609 279 1337 [email protected]

Azat Davletkhanov +44 20 352 50123 [email protected]

Dave Lin +852 297 43196 [email protected]

Bloomberg PreliminaryGlobalSyndicatedLoans|1st3Q2018

BloombergLeagueTableReports Page1

GlobalSyndicatedLoansReview1st3Q2018totalGlobalLoansvolumeincreased2.91%toUSD3.3Trlnwhilethetotalnumberofdealsdecreased17.49%to5,236dealsyear-on-year.TotalGlobalBridgeLoansvolumeincreased112.96%year-on-yeartoUSD282.0Blnwhilethetotalnumberofdealsdecreased0.00%to104.JPMorganrankedasthetopGlobalLoansbookrunnerfor1st3Q2018with10.00%ofcreditedmarketshare.Thebankactedasbookrunnerin902dealsovertheperiod.BankofAmericaMerrillLynchandCitirankedsecondandthirdwith9.86%and5.70%ofcreditedmarketshare,respectively.

GlobalLoans(Bookrunner)

1st3Q2018 1st3Q2017

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

JPMorgan 1 9.996 291,350 902 2 8.574 1.422

BankofAmericaMerrillLynch 2 9.861 287,399 916 1 9.865 -0.004

Citi 3 5.702 166,197 526 4 5.249 0.453

WellsFargo 4 5.307 154,671 513 3 5.257 0.050

GoldmanSachs 5 3.673 107,061 397 7 3.572 0.101

BNPParibas 6 3.444 100,378 358 11 2.675 0.769

RBCCapitalMarkets 7 3.404 99,211 390 10 3.108 0.296

DeutscheBank 8 3.362 97,985 372 6 3.861 -0.499

Barclays 9 3.275 95,438 422 5 3.892 -0.617

MitsubishiUFJFinancialGroupInc 10 3.137 91,419 295 13 2.151 0.986

TOTAL 100% 2,914,525 4,363 100%

GlobalLoans:IndustryBreakdown

19%

15%

12%11%

9%8%

8%

7%

6%

5% Industry Volume(USDMln) %OfTotal %YOYChange

Financials 609,274 18.6% 0.8%

ConsumerDiscretionary 480,213 14.7% -5.7%

Industrials 394,564 12.1% 10.2%

Energy 349,770 10.7% 16.1%

Technology 281,837 8.6% 16.1%

Communications 276,241 8.4% 24.1%

HealthCare 254,438 7.8% 9.3%

Materials 226,479 6.9% -2.1%

ConsumerStaples 198,456 6.1% -27.3%

Utilities 165,984 5.1% -4.5%

Government 35,420 1.1% 14.9%

GlobalLoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

Q32016

Q32016

Q32017

Q32017

QuartersQuarters

Q32018

Q32018

500500

1,0001,000

USDBln

USDBln

00

1,6001,600

1,0001,000

2,0002,000

DealC

ountDealC

ount

00

2,5002,500

DealCount Amount

GlobalBridgeLoans:QuarterlyVolume

Q32013

Q32013

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5050

100100

USDBln

USDBln

00

160160

2020

4040 DealC

ountDealC

ount

00

6060

DealCount Amount

GlobalSponsor-LedLoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

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100100

200200

USDBln

USDBln

00

300300

200200

400400 DealC

ountDealC

ount

00

600600

DealCount Amount

Sukuk&IslamicFinancing:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

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Q32015

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1010

2020

USDBln

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3030

1010

2020 DealC

ountDealC

ount

00

3030

DealCount Amount



GlobalLoans(Bookrunner)1st3Q2018 1st3Q2017


JPMorgan 1 9.996 291,350 902 2 8.574 1.422


Citi 3 5.702 166,197 526 4 5.249 0.453

WellsFargo 4 5.307 154,671 513 3 5.257 0.050

GoldmanSachs 5 3.673 107,061 397 7 3.572 0.101

BNPParibas 6 3.444 100,378 358 11 2.675 0.769


DeutscheBank 8 3.362 97,985 372 6 3.861 -0.499

Barclays 9 3.275 95,438 422 5 3.892 -0.617


HSBC 11 2.908 84,745 357 9 3.160 -0.252

MorganStanley 12 2.617 76,286 275 12 2.655 -0.038

CreditSuisse 13 2.257 65,772 347 8 3.298 -1.041

CreditAgricoleCIB 14 1.836 53,502 255 19 1.474 0.362

MizuhoFinancial 15 1.763 51,373 212 16 1.580 0.183

Scotiabank 16 1.640 47,801 175 15 1.647 -0.007

SumitomoMitsuiFinancial 17 1.551 45,193 185 27 0.989 0.562

TDSecurities 18 1.543 44,974 160 18 1.546 -0.003

BMOCapitalMarkets 19 1.507 43,922 256 17 1.566 -0.059

BankofChina 20 1.500 43,716 217 14 1.854 -0.354

TOTAL 100% 2,914,525 4,363 100%

GlobalLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


JPMorgan 1 8.824 277,181 946 2 7.762 1.062

BankofAmericaMerrillLynch 2 8.475 266,227 979 1 8.223 0.252

Citi 3 5.452 171,251 606 3 5.079 0.373

WellsFargo 4 4.841 152,072 556 4 4.577 0.264

GoldmanSachs 5 3.449 108,346 424 7 3.265 0.184


Barclays 7 3.211 100,855 471 5 3.632 -0.421

BNPParibas 8 3.194 100,320 495 11 2.660 0.534


DeutscheBank 10 3.139 98,613 436 6 3.311 -0.172

HSBC 11 2.981 93,646 499 9 2.990 -0.009

MorganStanley 12 2.412 75,771 290 12 2.431 -0.019

CreditSuisse 13 2.287 71,846 372 10 2.940 -0.653



Scotiabank 16 1.673 52,559 204 17 1.532 0.141


BankofChina 18 1.626 51,085 308 14 2.181 -0.555


TDSecurities 20 1.423 44,693 180 22 1.278 0.145

TOTAL 100% 3,141,219 4,929 100%

GlobalSponsor-LedLoans(Bookrunner)1st3Q2018 1st3Q2017


GoldmanSachs 1 7.678 39,728 220 1 7.388 0.290


CreditSuisse 3 7.007 36,257 215 3 7.082 -0.075

JPMorgan 4 6.713 34,733 162 5 6.057 0.656

Barclays 5 5.887 30,464 195 4 6.504 -0.617

DeutscheBank 6 5.255 27,190 173 7 5.371 -0.116

Jefferies 7 4.565 23,620 159 8 4.838 -0.273

MorganStanley 8 4.420 22,871 142 6 5.582 -1.162


AntaresCapitalLP 10 2.978 15,410 169 20 1.725 1.253

UBS 11 2.701 13,976 98 14 2.223 0.478

WellsFargo 12 2.650 13,712 68 11 3.394 -0.744

Citi 13 2.488 12,873 95 9 4.354 -1.866

KohlbergKravisRoberts&Co 14 2.283 11,813 74 12 3.043 -0.760

BNPParibas 15 2.179 11,276 62 17 1.937 0.242

Macquarie 16 2.052 10,616 72 15 2.219 -0.167

Nomura 17 2.042 10,565 61 13 2.660 -0.618

BMOCapitalMarkets 18 2.026 10,483 92 19 1.745 0.281

HSBC 19 1.805 9,338 63 16 2.006 -0.201

SunTrustRobinsonHumphrey 20 1.793 9,277 80 18 1.792 0.001

TOTAL 100% 517,441 1,091 100%

GlobalSponsor-LedLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


GoldmanSachs 1 7.576 40,532 230 1 7.037 0.539

CreditSuisse 2 6.988 37,388 219 2 6.833 0.155


JPMorgan 4 6.498 34,767 162 5 6.077 0.421

Barclays 5 5.679 30,383 199 4 6.247 -0.568

DeutscheBank 6 5.278 28,239 186 7 5.265 0.013

Jefferies 7 4.371 23,386 161 8 4.646 -0.275

MorganStanley 8 4.200 22,473 147 6 5.378 -1.178

RBCCapitalMarkets 9 4.161 22,264 173 9 4.303 -0.142


WellsFargo 11 2.733 14,623 71 11 3.244 -0.511

UBS 12 2.568 13,741 95 14 2.200 0.368

Citi 13 2.559 13,689 98 10 4.227 -1.668


BNPParibas 15 2.176 11,641 75 16 2.071 0.105


HSBC 17 2.032 10,872 74 20 1.729 0.303

Macquarie 18 1.994 10,667 76 15 2.190 -0.196

Nomura 19 1.960 10,486 60 13 2.538 -0.578

SunTrustRobinsonHumphrey 20 1.768 9,459 83 18 1.862 -0.094

TOTAL 100% 535,001 1,140 100%



GlobalBridgeLoans(Bookrunner)1st3Q2018 1st3Q2017



JPMorgan 2 11.133 27,810 15 5 5.499 5.634


GoldmanSachs 4 8.135 20,322 11 28 1.092 7.043

MorganStanley 5 7.005 17,500 6 27 1.123 5.882

DeutscheBank 6 5.959 14,887 6 3 6.455 -0.496

BNPParibas 7 5.711 14,265 17 4 5.710 0.001

Citi 8 5.457 13,631 12 12 2.412 3.045

HSBC 9 5.089 12,712 10 1 12.610 -7.521


WellsFargo 11 4.544 11,350 2 68 0.048 4.496


StandardCharteredBank 13 1.333 3,329 8 34 0.292 1.041

MizuhoFinancial 14 1.295 3,234 5 19 1.393 -0.098

Barclays 15 1.176 2,938 7 18 1.501 -0.325

CreditSuisse 16 1.039 2,595 8 6 4.939 -3.900

Natixis 17 0.936 2,337 7 17 1.514 -0.578

UnitedOverseasBank 18 0.801 2,000 2 - - 0.801

CreditAgricoleCIB 19 0.673 1,680 10 9 3.883 -3.210

UniCredit 20 0.598 1,493 7 10 3.357 -2.759

TOTAL 100% 249,809 73 100%

GlobalBridgeLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017




JPMorgan 3 10.041 26,228 20 2 7.285 2.756

MorganStanley 4 6.919 18,073 9 28 1.039 5.880

GoldmanSachs 5 6.407 16,735 12 24 1.579 4.828

Citi 6 5.220 13,636 18 8 3.314 1.906


DeutscheBank 8 4.990 13,035 12 14 2.464 2.526

HSBC 9 4.879 12,744 17 1 10.516 -5.637

BNPParibas 10 4.681 12,226 28 5 3.694 0.987

WellsFargo 11 4.345 11,350 2 93 0.044 4.301


CreditSuisse 13 1.895 4,950 12 9 3.166 -1.271

Barclays 14 1.708 4,461 12 18 2.287 -0.579

UniCredit 15 1.160 3,030 15 16 2.365 -1.205


Natixis 17 1.098 2,868 12 25 1.492 -0.394

SocieteGenerale 18 0.983 2,567 11 4 3.922 -2.939

StandardCharteredBank 19 0.883 2,308 8 23 1.595 -0.712

INGGroep 20 0.872 2,278 12 6 3.525 -2.653

TOTAL 100% 261,211 94 100%

GlobalIslamicFinancing(Bookrunner)1st3Q2018 1st3Q2017


DubaiIslamicBank 1 10.645 1,692 7 2 10.382 0.263

CreditAgricoleCIB 2 7.582 1,205 2 - - 7.582

StandardCharteredBank 3 6.023 958 6 5 6.899 -0.876

Citi 4 5.483 872 4 18 1.711 3.772

HSBC 5 5.320 846 3 10 3.184 2.136

JPMorgan 6 5.131 816 2 18 1.711 3.420

Industrial&CommBankofChina 7 5.000 795 2 18 1.711 3.289

MitsubishiUFJFinancialGroupInc 8 4.974 791 2 - - 4.974

MizuhoFinancial 8 4.974 791 2 - - 4.974

SumitomoMitsuiFinancial 8 4.974 791 2 - - 4.974

BankofChina 11 4.812 765 1 17 1.951 2.861

KuwaitFinanceHouse 12 3.642 579 2 15 2.240 1.402

Al-RajhiBanking&InvestmentCorp 13 2.770 440 1 - - 2.770

ArabNationalBank 13 2.770 440 1 - - 2.770

BanqueSaudiFransi 13 2.770 440 1 - - 2.770

AbuDhabiIslamicBank 16 2.543 404 2 3 10.042 -7.499

SocieteGenerale 17 2.512 399 4 9 4.316 -1.804

WarbaBank 18 1.768 281 2 26 0.501 1.267

EmiratesNBDPJSC 19 1.411 224 7 11 2.867 -1.456

FirstAbuDhabiBankPJSC 20 1.310 208 5 18 1.711 -0.401

TOTAL 100% 15,899 28 100%

GlobalIslamicFinancing(MandatedLeadArranger)1st3Q2018 1st3Q2017



CreditAgricoleCIB 2 4.846 889 2 66 0.065 4.781

StandardCharteredBank 3 4.505 827 7 12 3.141 1.364

HSBC 4 4.484 823 4 4 6.237 -1.753


Citi 6 3.939 723 4 28 0.861 3.078


JPMorgan 8 3.670 673 2 31 0.792 2.878


MizuhoFinancial 10 3.614 663 3 55 0.116 3.498

BankofChina 11 3.611 662 3 23 1.122 2.489

BNPParibas 12 3.580 657 2 59 0.111 3.469


GoldmanSachs 14 3.475 638 1 - - 3.475

NoorBank 15 2.094 384 8 5 5.239 -3.145

SocieteGenerale 16 2.028 372 4 18 1.533 0.495

Al-RajhiBanking&InvestmentCorp 17 2.022 371 2 10 3.149 -1.127

ArabNationalBank 17 2.022 371 2 15 2.303 -0.281

BanqueSaudiFransi 17 2.022 371 2 6 4.531 -2.509


TOTAL 100% 18,347 38 100%



GlobalGreenLoans(Bookrunner)1st3Q2018 1st3Q2017


BancoSantander 1 14.631 1,624 10 4 5.882 8.749

INGGroep 2 7.609 844 6 8 2.733 4.876

MitsubishiUFJFinancialGroupInc 3 6.627 735 3 5 3.551 3.076

HSBC 4 6.485 720 5 - - 6.485

BancoBilbaoVizcayaArgentaria 5 6.427 713 4 45 0.549 5.878

NationalAustraliaBank 6 5.454 605 2 42 0.572 4.882

BankofAmericaMerrillLynch 7 4.505 500 1 18 1.628 2.877

JPMorgan 7 4.505 500 1 - - 4.505


BNPParibas 10 4.051 450 5 21 1.341 2.710

SumitomoMitsuiFinancial 11 3.897 432 4 13 2.029 1.868

KeyBancCapitalMarkets 12 3.293 365 6 - - 3.293

Investec 13 2.793 310 1 51 0.409 2.384

L&TFinancialServices 14 2.264 251 5 38 0.932 1.332

BankofChina 15 2.010 223 1 - - 2.010

CassaDepositiePrestitiSpA 16 1.875 208 1 - - 1.875

IntesaSanpaolo 16 1.875 208 1 41 0.775 1.100

UniCredit 16 1.875 208 1 - - 1.875

YesBank 19 1.792 199 2 7 2.905 -1.113

LaCaixa 20 1.711 190 3 33 1.122 0.589

TOTAL 100% 11,098 40 100%

GlobalGreenLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017



INGGroep 2 6.675 1,577 16 7 3.531 3.144

SumitomoMitsuiFinancial 3 6.604 1,560 16 1 6.901 -0.297

BancoSantander 4 5.381 1,271 13 2 5.859 -0.478

BNPParibas 5 4.638 1,095 14 8 3.517 1.121

BarclaysAfricaGroupLtd 6 4.216 996 5 - - 4.216


BancoBilbaoVizcayaArgentaria 8 3.115 736 5 31 0.857 2.258


HSBC 10 2.976 703 8 43 0.596 2.380

NedbankLtd 11 2.520 595 3 - - 2.520


JPMorgan 12 2.117 500 1 - - 2.117

MizuhoFinancial 14 1.975 467 7 3 4.757 -2.782

KeyBancCapitalMarkets 15 1.970 465 8 47 0.539 1.431

LaCaixa 16 1.910 451 7 12 1.896 0.014


UniCredit 18 1.625 384 4 33 0.829 0.796

WestpacBanking 19 1.612 381 6 64 0.378 1.234

BankofChina 20 1.567 370 3 - - 1.567

TOTAL 100% 23,622 83 100%



USLoansReview1st3Q2018totalUSLoansvolumeincreased8.57%toUSD2.0Trlnwhilethetotalnumberofdealsdecreased11.79%to2,762dealsyear-on-year.TotalUSLeveragedLoansvolumedecreased12.02%year-on-yeartoUSD987.5Blnwhilethetotalnumberofdealsdecreased12.42%to1,876.BankofAmericaMerrillLynchrankedasthetopUSLoansbookrunnerfor1st3Q2018with14.02%ofcreditedmarketshare.Thebankactedasbookrunnerin839dealsovertheperiod.JPMorganandWellsFargorankedsecondandthirdwith13.98%and8.00%ofcreditedmarketshare,respectively.

USLoans(Bookrunner)

1st3Q2018 1st3Q2017



JPMorgan 2 13.979 265,333 815 2 12.293 1.686

WellsFargo 3 8.001 151,875 501 3 8.262 -0.261

Citi 4 7.031 133,462 395 4 6.853 0.178

GoldmanSachs 5 4.802 91,142 352 6 4.800 0.002

Barclays 6 4.337 82,322 354 5 5.118 -0.781

DeutscheBank 7 3.662 69,501 283 8 3.914 -0.252

MorganStanley 8 3.634 68,984 251 9 3.806 -0.172



TOTAL 100% 1,898,132 2,509 100%

USLoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

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Q32016

Q32017

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QuartersQuarters

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200200

400400

600600

800800

USDBln

USDBln

00

1,0001,000

200200

400400

600600

800800

1,0001,000

1,2001,200

DealC

ountDealC

ount

00

1,4001,400

DealCount Amount

Financials16%

ConsumerDiscretionary16%

Technology12%

Industrials10%

HealthCare10%

Communications10%

Energy9%

ConsumerStaples6%

Materials5%

Others4%

USLeveragedFinance:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

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Q32016

Q32017

Q32017

QuartersQuarters

Q32018

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200200

400400

USDBln

USDBln

00

600600

USLeveragedLoans

USHighYieldCorporateBonds

USLoans:IndustryBreakdown

USLoans:IndustryBreakdown

Industry Volume(USDMln) %OfTotal %YOYChange

Financials 317,604 16.0% -8.7%


Technology 238,518 12.0% 17.7%

Industrials 208,691 10.5% 37.4%

HealthCare 205,877 10.4% 17.5%


Energy 188,311 9.5% 35.3%


Materials 103,451 5.2% -3.2%

Utilities 78,001 3.9% -2.4%

Government 4,393 0.2% 32.1%

16%

16%

12%

10%10%

10%

9%

6%5%

4%



USLoans(Bookrunner)1st3Q2018 1st3Q2017



JPMorgan 2 13.979 265,333 815 2 12.293 1.686

WellsFargo 3 8.001 151,875 501 3 8.262 -0.261

Citi 4 7.031 133,462 395 4 6.853 0.178

GoldmanSachs 5 4.802 91,142 352 6 4.800 0.002

Barclays 6 4.337 82,322 354 5 5.118 -0.781

DeutscheBank 7 3.662 69,501 283 8 3.914 -0.252

MorganStanley 8 3.634 68,984 251 9 3.806 -0.172



CreditSuisse 11 2.854 54,176 297 7 4.166 -1.312

BNPParibas 12 2.645 50,196 129 16 1.816 0.829

HSBC 13 2.020 38,343 112 14 1.953 0.067



USBancorp 16 1.698 32,233 185 12 2.090 -0.392

Jefferies 17 1.364 25,889 176 15 1.951 -0.587


PNCFinancialServicesGroupInc 19 1.274 24,186 149 17 1.623 -0.349


TOTAL 100% 1,898,132 2,509 100%

USLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


JPMorgan 1 12.966 249,478 822 2 11.839 1.127


WellsFargo 3 7.649 147,177 534 3 7.729 -0.080

Citi 4 7.117 136,931 413 4 7.082 0.035

GoldmanSachs 5 4.873 93,768 362 6 4.695 0.178

Barclays 6 4.235 81,481 353 5 4.979 -0.744


DeutscheBank 8 3.597 69,203 293 8 3.870 -0.273

MorganStanley 9 3.494 67,222 252 9 3.684 -0.190


CreditSuisse 11 2.989 57,510 301 7 4.075 -1.086

BNPParibas 12 2.682 51,609 143 14 2.011 0.671

HSBC 13 2.234 42,976 121 17 1.820 0.414



USBancorp 16 1.908 36,704 212 12 2.165 -0.257




Jefferies 20 1.306 25,130 176 16 1.876 -0.570

TOTAL 100% 1,924,055 2,606 100%

USLoans-NewMoney(Bookrunner)1st3Q2018 1st3Q2017



JPMorgan 2 11.879 96,972 513 2 11.943 -0.064

WellsFargo 3 8.233 67,207 313 3 7.734 0.499

Citi 4 5.590 45,631 224 4 5.972 -0.382

GoldmanSachs 5 5.285 43,138 217 6 4.371 0.914

Barclays 6 4.606 37,601 232 5 4.585 0.021


DeutscheBank 8 4.090 33,388 187 12 2.304 1.786

MorganStanley 9 4.036 32,949 147 9 2.967 1.069


BNPParibas 11 2.563 20,924 71 15 1.968 0.595

HSBC 12 2.534 20,685 80 11 2.352 0.182

CreditSuisse 13 2.327 18,994 199 7 3.990 -1.663




Jefferies 17 1.509 12,320 132 10 2.640 -1.131


AntaresCapitalLP 19 1.229 10,035 152 19 1.580 -0.351

UBS 20 1.202 9,813 82 23 1.196 0.006

TOTAL 100% 816,297 1,793 100%

USLoans-NewMoney(MandatedLeadArranger)1st3Q2018 1st3Q2017



JPMorgan 2 11.372 94,323 514 2 11.321 0.051

WellsFargo 3 7.635 63,325 331 3 7.527 0.108

Citi 4 5.533 45,897 238 4 6.159 -0.626

GoldmanSachs 5 5.304 43,992 225 6 4.326 0.978


Barclays 7 4.467 37,050 231 5 4.578 -0.111

DeutscheBank 8 3.949 32,755 191 12 2.346 1.603

MorganStanley 9 3.823 31,707 150 9 2.878 0.945


HSBC 11 2.814 23,343 87 13 2.313 0.501

BNPParibas 12 2.477 20,542 81 17 2.067 0.410

CreditSuisse 13 2.353 19,515 202 7 3.770 -1.417





Jefferies 18 1.501 12,453 132 10 2.418 -0.917

USBancorp 19 1.324 10,984 141 18 1.723 -0.399


TOTAL 100% 829,451 1,874 100%



USInvestmentGradeLoans(Bookrunner)1st3Q2018 1st3Q2017


JPMorgan 1 17.297 145,785 291 1 18.137 -0.840


Citi 3 10.422 87,838 163 3 12.092 -1.670

WellsFargo 4 9.556 80,542 182 4 8.890 0.666


GoldmanSachs 6 4.173 35,168 45 14 1.595 2.578

BNPParibas 7 3.836 32,327 51 8 3.479 0.357

MorganStanley 8 3.471 29,257 37 16 1.282 2.189

Barclays 9 3.177 26,773 66 6 3.565 -0.388



DeutscheBank 12 2.563 21,603 30 12 1.861 0.702

HSBC 13 2.545 21,451 31 7 3.505 -0.960

USBancorp 14 1.921 16,189 69 11 2.068 -0.147


PNCFinancialServicesGroupInc 16 1.252 10,553 46 18 1.140 0.112

Scotiabank 17 1.048 8,831 30 15 1.577 -0.529

TDSecurities 18 0.954 8,037 26 21 0.848 0.106



TOTAL 100% 842,820 503 100%

USInvestmentGradeLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


JPMorgan 1 16.333 138,432 296 1 17.161 -0.828


Citi 3 10.492 88,932 170 3 12.622 -2.130

WellsFargo 4 8.993 76,227 190 4 8.444 0.549


GoldmanSachs 6 4.129 35,000 43 14 1.551 2.578

BNPParibas 7 3.880 32,884 54 7 3.514 0.366

MorganStanley 8 3.436 29,124 39 17 1.260 2.176

Barclays 9 3.058 25,923 68 6 3.675 -0.617

HSBC 10 2.936 24,881 33 8 3.318 -0.382



DeutscheBank 13 2.587 21,923 31 12 2.002 0.585

USBancorp 14 2.153 18,252 82 11 2.343 -0.190



Scotiabank 17 1.112 9,427 31 13 1.553 -0.441

TDSecurities 18 0.983 8,332 33 22 0.898 0.085



TOTAL 100% 847,583 513 100%

USInvestmentGradeLoans-NewMoney(Bookrunner)1st3Q2018 1st3Q2017



JPMorgan 2 14.470 56,968 163 2 18.168 -3.698

WellsFargo 3 10.410 40,985 108 4 6.905 3.505

Citi 4 7.839 30,863 88 3 10.271 -2.432


GoldmanSachs 6 5.915 23,286 25 12 1.549 4.366

MorganStanley 7 4.779 18,816 19 14 1.346 3.433

Barclays 8 3.747 14,752 38 6 4.681 -0.934

DeutscheBank 9 3.611 14,217 17 18 0.906 2.705

BNPParibas 10 3.585 14,114 20 7 3.989 -0.404

HSBC 11 3.272 12,881 18 5 5.594 -2.322




USBancorp 15 0.995 3,916 36 10 1.865 -0.870


Scotiabank 17 0.925 3,641 14 21 0.744 0.181

TDSecurities 18 0.810 3,190 19 24 0.531 0.279

SocieteGenerale 19 0.690 2,717 6 28 0.223 0.467


TOTAL 100% 393,694 306 100%

USInvestmentGradeLoans-NewMoney(MandatedLeadArranger)1st3Q2018 1st3Q2017



JPMorgan 2 14.140 55,851 166 2 17.578 -3.438

WellsFargo 3 9.632 38,047 110 4 7.197 2.435

Citi 4 7.791 30,776 91 3 10.987 -3.196


GoldmanSachs 6 5.827 23,018 24 12 1.603 4.224

MorganStanley 7 4.749 18,758 22 15 1.356 3.393

HSBC 8 3.696 14,600 19 6 5.021 -1.325

BNPParibas 9 3.577 14,131 21 8 3.887 -0.310

DeutscheBank 10 3.530 13,944 17 18 1.108 2.422

Barclays 11 3.384 13,369 39 5 5.022 -1.638





USBancorp 16 1.028 4,060 44 10 2.035 -1.007

Scotiabank 17 0.930 3,674 15 23 0.584 0.346


TDSecurities 19 0.820 3,238 24 19 0.747 0.073


TOTAL 100% 395,001 315 100%



USInstitutionalLoans(Bookrunner)1st3Q2018 1st3Q2017


JPMorgan 1 8.291 49,362 242 3 8.148 0.143

GoldmanSachs 2 7.995 47,599 253 1 8.426 -0.431


Barclays 4 7.333 43,659 228 4 7.878 -0.545

CreditSuisse 5 7.258 43,208 234 5 7.652 -0.394

DeutscheBank 6 6.457 38,439 208 7 6.470 -0.013

MorganStanley 7 5.709 33,986 180 6 6.692 -0.983


Citi 9 4.247 25,282 141 8 5.283 -1.036

Jefferies 10 4.113 24,489 163 10 4.246 -0.133

WellsFargo 11 2.812 16,740 106 11 3.123 -0.311

UBS 12 2.692 16,028 88 14 2.096 0.596




Macquarie 16 2.112 12,576 80 15 1.907 0.205


BNPParibas 18 1.744 10,384 56 23 0.884 0.860

Nomura 19 1.679 9,996 49 16 1.835 -0.156

HSBC 20 1.308 7,785 48 17 1.567 -0.259

TOTAL 100% 595,346 1,144 100%

USInstitutionalLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


GoldmanSachs 1 8.156 48,944 259 2 8.350 -0.194

JPMorgan 2 7.794 46,774 234 1 8.440 -0.646

CreditSuisse 3 7.547 45,293 237 5 7.554 -0.007

Barclays 4 7.075 42,459 224 3 7.718 -0.643


DeutscheBank 6 6.297 37,786 210 7 6.201 0.096

MorganStanley 7 5.533 33,205 177 6 6.498 -0.965


Citi 9 4.360 26,164 141 8 5.298 -0.938

Jefferies 10 3.959 23,761 164 10 4.122 -0.163

WellsFargo 11 2.742 16,457 110 11 3.089 -0.347


UBS 13 2.647 15,888 87 14 2.110 0.537



Macquarie 16 2.074 12,448 82 15 1.880 0.194


BNPParibas 18 1.799 10,799 61 21 1.109 0.690

Nomura 19 1.687 10,125 50 16 1.808 -0.121

HSBC 20 1.344 8,064 51 19 1.315 0.029

TOTAL 100% 600,117 1,172 100%

USInstitutionalLoans-NewMoney(Bookrunner)1st3Q2018 1st3Q2017


Barclays 1 7.441 17,841 143 4 6.634 0.807

JPMorgan 2 6.636 15,911 136 2 7.113 -0.477

GoldmanSachs 3 6.438 15,437 152 1 7.152 -0.714

CreditSuisse 4 6.150 14,746 150 3 6.770 -0.620


DeutscheBank 6 6.002 14,390 134 10 3.890 2.112


Jefferies 8 4.746 11,379 121 5 5.906 -1.160

MorganStanley 9 4.717 11,311 106 9 4.758 -0.041


UBS 11 3.594 8,617 67 17 2.045 1.549

Citi 12 3.304 7,921 80 8 4.811 -1.507


WellsFargo 14 2.847 6,826 57 16 2.114 0.733

KohlbergKravisRoberts&Co 15 2.448 5,870 57 15 2.295 0.153


Macquarie 17 2.158 5,175 62 13 2.365 -0.207

BNPParibas 18 1.931 4,630 35 22 1.333 0.598

HSBC 19 1.767 4,237 31 21 1.529 0.238

GolubCapitalLLC 20 1.407 3,373 39 24 1.286 0.121

TOTAL 100% 239,767 814 100%

USInstitutionalLoans-NewMoney(MandatedLeadArranger)1st3Q2018 1st3Q2017


Barclays 1 7.570 18,330 142 3 6.528 1.042

GoldmanSachs 2 6.563 15,890 157 1 7.276 -0.713

JPMorgan 3 6.384 15,457 130 2 7.119 -0.735

CreditSuisse 4 6.028 14,595 150 4 6.526 -0.498

DeutscheBank 5 5.965 14,442 135 10 3.926 2.039



Jefferies 8 4.767 11,542 122 6 5.442 -0.675

MorganStanley 9 4.453 10,781 104 9 4.626 -0.173


UBS 11 3.559 8,617 66 17 1.986 1.573

Citi 12 3.278 7,937 81 8 4.752 -1.474


WellsFargo 14 2.698 6,532 56 16 2.071 0.627



Macquarie 17 2.162 5,234 65 13 2.325 -0.163

HSBC 18 1.904 4,611 35 22 1.551 0.353

BNPParibas 19 1.718 4,159 39 21 1.580 0.138

CitizensFinancialGroupInc 20 1.371 3,321 53 19 1.798 -0.427

TOTAL 100% 242,133 836 100%



USLeveragedLoans(Bookrunner)1st3Q2018 1st3Q2017



JPMorgan 2 10.779 100,295 448 2 9.643 1.136

GoldmanSachs 3 5.942 55,284 303 3 7.017 -1.075

Barclays 4 5.866 54,577 281 4 6.624 -0.758

WellsFargo 5 5.853 54,457 256 5 6.456 -0.603

CreditSuisse 6 5.267 49,006 283 6 6.042 -0.775

DeutscheBank 7 5.103 47,484 252 8 5.425 -0.322


Citi 9 4.310 40,104 210 9 4.976 -0.666

MorganStanley 10 4.217 39,241 212 7 5.516 -1.299

Jefferies 11 2.781 25,871 175 11 3.196 -0.415



UBS 14 1.897 17,651 105 15 1.646 0.251


BNPParibas 16 1.672 15,555 68 26 1.006 0.666


HSBC 18 1.571 14,618 72 18 1.362 0.209

Macquarie 19 1.433 13,335 87 16 1.461 -0.028


TOTAL 100% 930,439 1,716 100%

USLeveragedLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


JPMorgan 1 9.945 93,765 448 2 9.584 0.361


GoldmanSachs 3 6.162 58,095 316 3 6.920 -0.758

Barclays 4 5.748 54,194 277 4 6.367 -0.619

WellsFargo 5 5.642 53,190 270 6 5.961 -0.319

CreditSuisse 6 5.546 52,290 287 5 5.967 -0.421

DeutscheBank 7 4.978 46,929 262 7 5.327 -0.349

Citi 8 4.434 41,807 218 9 5.019 -0.585


MorganStanley 10 3.989 37,611 211 8 5.325 -1.336


Jefferies 12 2.666 25,130 176 11 3.087 -0.421



UBS 15 1.866 17,591 105 15 1.648 0.218

BNPParibas 16 1.753 16,528 76 20 1.280 0.473

HSBC 17 1.657 15,618 77 23 1.183 0.474



FifthThirdBancorp 20 1.435 13,525 92 25 1.149 0.286

TOTAL 100% 942,792 1,768 100%

USLeveragedLoans-NewMoney(Bookrunner)1st3Q2018 1st3Q2017



JPMorgan 2 9.410 34,824 296 1 9.382 0.028

Barclays 3 6.117 22,638 191 5 5.407 0.710

GoldmanSachs 4 5.238 19,384 187 3 6.220 -0.982

WellsFargo 5 5.169 19,128 160 4 6.001 -0.832

DeutscheBank 6 5.068 18,758 169 11 3.155 1.913


CreditSuisse 8 4.771 17,659 192 6 5.042 -0.271

MorganStanley 9 3.755 13,897 127 10 3.950 -0.195

Citi 10 3.582 13,256 123 7 4.933 -1.351

Jefferies 11 3.324 12,302 131 9 4.252 -0.928



UBS 14 2.566 9,495 81 21 1.436 1.130


BNPParibas 16 1.678 6,209 46 26 1.205 0.473


HSBC 18 1.619 5,991 52 23 1.330 0.289


Macquarie 20 1.505 5,571 68 16 1.742 -0.237

TOTAL 100% 370,094 1,268 100%

USLeveragedLoans-NewMoney(MandatedLeadArranger)1st3Q2018 1st3Q2017


JPMorgan 1 8.834 33,309 293 1 8.963 -0.129


Barclays 3 6.224 23,470 189 5 5.300 0.924

GoldmanSachs 4 5.443 20,524 197 3 6.204 -0.761

WellsFargo 5 4.941 18,632 169 4 5.959 -1.018

DeutscheBank 6 4.896 18,461 174 11 3.201 1.695

CreditSuisse 7 4.826 18,197 195 7 4.857 -0.031


Citi 9 3.547 13,373 132 6 4.923 -1.376

MorganStanley 10 3.372 12,713 127 10 3.748 -0.376

Jefferies 11 3.303 12,453 132 9 3.917 -0.614




UBS 15 2.530 9,539 82 23 1.403 1.127


HSBC 17 1.842 6,944 57 25 1.370 0.472


BNPParibas 19 1.565 5,900 52 22 1.433 0.132

Macquarie 20 1.493 5,631 70 17 1.717 -0.224

TOTAL 100% 377,064 1,311 100%



USLBOLoans(Bookrunner)1st3Q2018 1st3Q2017


Jefferies 1 8.509 9,224 71 1 9.366 -0.857

Barclays 2 7.577 8,213 69 4 5.895 1.682

GoldmanSachs 3 7.190 7,794 74 5 5.792 1.398


DeutscheBank 5 6.242 6,766 64 9 4.306 1.936


CreditSuisse 7 5.850 6,342 64 2 7.902 -2.052


UBS 9 4.347 4,712 43 16 2.161 2.186


JPMorgan 11 3.317 3,596 38 13 3.470 -0.153

MorganStanley 12 2.990 3,241 35 10 4.295 -1.305


Macquarie 14 2.479 2,687 28 11 3.927 -1.448

Citi 15 2.417 2,620 28 7 5.126 -2.709


Nomura 17 2.090 2,266 22 12 3.775 -1.685


WellsFargo 19 1.463 1,585 14 17 2.064 -0.601

CapitalOneFinancial 20 1.287 1,396 17 34 0.429 0.858

TOTAL 100% 108,399 326 100%

USLBOLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


Jefferies 1 8.372 9,107 69 1 8.565 -0.193

Barclays 2 7.605 8,273 69 5 5.849 1.756

GoldmanSachs 3 7.489 8,146 77 6 5.779 1.710

DeutscheBank 4 6.319 6,874 68 10 4.277 2.042


CreditSuisse 6 5.599 6,090 64 2 7.117 -1.518



UBS 9 4.216 4,587 41 17 2.114 2.102


JPMorgan 11 3.385 3,683 37 13 3.543 -0.158

MorganStanley 12 3.179 3,459 38 9 4.368 -1.189

Citi 13 2.593 2,821 28 7 5.164 -2.571


Macquarie 15 2.437 2,651 28 11 3.919 -1.482

Nomura 16 2.011 2,187 21 12 3.766 -1.755

GolubCapitalLLC 17 1.861 2,025 15 18 2.097 -0.236

WellsFargo 18 1.852 2,015 15 16 2.289 -0.437


HSBC 20 1.374 1,495 15 23 0.934 0.440

TOTAL 100% 108,785 325 100%

USLBOLoans-NewMoney(Bookrunner)1st3Q2018 1st3Q2017


Jefferies 1 9.114 9,116 68 1 10.020 -0.906

Barclays 2 7.487 7,489 61 6 5.888 1.599

GoldmanSachs 3 7.383 7,384 66 5 5.928 1.455


DeutscheBank 5 6.029 6,030 58 11 3.973 2.056

CreditSuisse 6 6.001 6,002 59 2 8.137 -2.136



UBS 9 4.414 4,415 38 16 2.069 2.345


MorganStanley 11 3.022 3,022 31 9 4.099 -1.077

JPMorgan 12 2.752 2,753 30 12 3.343 -0.591


Macquarie 14 2.509 2,509 24 10 4.077 -1.568


Citi 16 2.108 2,108 22 8 5.282 -3.174

Nomura 17 1.964 1,965 16 13 3.080 -1.116


KeyBancCapitalMarkets 19 1.296 1,297 16 21 1.518 -0.222

BNPParibas 20 1.272 1,273 12 23 1.000 0.272

TOTAL 100% 100,017 284 100%

USLBOLoans-NewMoney(MandatedLeadArranger)1st3Q2018 1st3Q2017


Jefferies 1 9.023 8,999 66 1 9.150 -0.127

GoldmanSachs 2 7.645 7,624 69 5 5.913 1.732

Barclays 3 7.457 7,437 61 6 5.907 1.550

DeutscheBank 4 6.346 6,329 62 11 4.052 2.294


CreditSuisse 6 5.845 5,829 60 2 7.285 -1.440



UBS 9 4.427 4,415 38 18 2.064 2.363


MorganStanley 11 3.239 3,230 33 9 4.177 -0.938


JPMorgan 13 2.573 2,566 29 12 3.388 -0.815

Macquarie 14 2.480 2,474 24 10 4.066 -1.586

Citi 15 2.078 2,072 22 8 5.322 -3.244

GolubCapitalLLC 16 1.993 1,987 13 16 2.270 -0.277

Nomura 17 1.970 1,965 16 13 3.072 -1.102



HSBC 20 1.237 1,234 14 24 0.989 0.248

TOTAL 100% 99,728 283 100%



USLoans(AdministrativeAgent)1st3Q2018 1st3Q2017


JPMorgan 1 31.244 601,376 481 1 23.980 7.264


Citi 3 7.328 141,050 112 4 7.816 -0.488

WellsFargo 4 6.872 132,272 202 3 9.062 -2.190

CreditSuisse 5 4.665 89,795 109 5 6.726 -2.061

Barclays 6 3.721 71,625 97 7 4.158 -0.437

MorganStanley 7 3.690 71,024 82 8 3.522 0.168

GoldmanSachs 8 3.471 66,808 80 9 2.080 1.391

DeutscheBank 9 2.783 53,564 67 6 4.477 -1.694

Jefferies 10 1.835 35,318 81 10 1.638 0.197

KeyBancCapitalMarkets 11 1.450 27,905 96 11 1.115 0.335




USBancorp 15 1.029 19,812 71 16 0.955 0.074


UBS 17 0.901 17,335 39 20 0.742 0.159

BNPParibas 18 0.760 14,633 31 15 0.957 -0.197



TOTAL 100% 1,924,754 2,732 100%

USLoans-NewMoney(AdministrativeAgent)1st3Q2018 1st3Q2017


JPMorgan 1 29.650 241,674 325 2 21.084 8.566


WellsFargo 3 6.117 49,855 135 3 7.181 -1.064

GoldmanSachs 4 5.826 47,490 59 9 2.636 3.190

Citi 5 4.737 38,611 57 4 5.972 -1.235

CreditSuisse 6 4.486 36,569 74 5 5.561 -1.075

Barclays 7 4.001 32,608 66 6 4.850 -0.849

MorganStanley 8 3.013 24,562 53 7 4.143 -1.130

Jefferies 9 2.295 18,707 62 8 2.661 -0.366

DeutscheBank 10 2.142 17,455 41 12 1.847 0.295


UBS 12 1.460 11,898 33 18 1.041 0.419




MitsubishiUFJFinancialGroupInc 16 1.076 8,771 12 11 1.895 -0.819



USBancorp 19 0.845 6,891 54 20 0.814 0.031


TOTAL 100% 815,084 1,971 100%

USLeveragedLoans(AdministrativeAgent)1st3Q2018 1st3Q2017


JPMorgan 1 20.381 197,195 259 2 17.491 2.890


CreditSuisse 3 9.198 88,995 108 3 11.048 -1.850

Barclays 4 6.814 65,930 88 5 6.310 0.504

MorganStanley 5 6.353 61,474 77 7 5.615 0.738

WellsFargo 6 5.612 54,301 99 6 6.156 -0.544

DeutscheBank 7 5.061 48,972 60 4 7.126 -2.065

Jefferies 8 3.650 35,318 81 10 2.691 0.959

GoldmanSachs 9 3.592 34,758 72 9 3.069 0.523

Citi 10 3.248 31,424 43 8 4.735 -1.487



UBS 13 1.792 17,335 39 14 1.219 0.573

Scotiabank 14 1.210 11,706 12 13 1.308 -0.098




BNPParibas 18 0.890 8,609 21 20 0.608 0.282



TOTAL 100% 967,565 1,858 100%

USLeveragedLoans-NewMoney(AdministrativeAgent)1st3Q2018 1st3Q2017


JPMorgan 1 17.795 69,559 188 1 17.874 -0.079


CreditSuisse 3 9.342 36,519 74 3 8.988 0.354

Barclays 4 7.926 30,983 63 4 6.743 1.183

WellsFargo 5 5.062 19,787 65 5 6.464 -1.402

Jefferies 6 4.786 18,707 62 7 4.301 0.485

MorganStanley 7 4.109 16,062 49 6 6.205 -2.096

DeutscheBank 8 4.033 15,763 36 11 2.786 1.247

GoldmanSachs 9 3.981 15,562 51 9 3.254 0.727

UBS 10 3.044 11,898 33 14 1.683 1.361




Citi 14 1.805 7,058 18 10 3.181 -1.376



WilmingtonTrustCo 17 1.187 4,640 21 27 0.364 0.823

CortlandCapitalMarketServicesLLC 18 1.024 4,005 9 25 0.390 0.634



TOTAL 100% 390,902 1,386 100%



CanadaLoansReview1st3Q2018totalCanadaLoansvolumedecreased0.16%toCAD207.4Blnwhilethetotalnumberofdealsdecreased17.97%to347dealsyear-on-year.TotalCanadaLoans-NewMoneyvolumedecreased31.02%year-on-yeartoCAD46.9Blnwhilethetotalnumberofdealsdecreased22.73%to187.ScotiabankrankedasthetopCanadaLoansbookrunnerfor1st3Q2018with17.93%ofcreditedmarketshare.Thebankactedasbookrunnerin85dealsovertheperiod.TDSecuritiesandCIBCrankedsecondandthirdwith17.57%and16.84%ofcreditedmarketshare,respectively.

CanadaLoans(Bookrunner)

1st3Q2018 1st3Q2017

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

Scotiabank 1 17.926 36,805 85 2 16.650 1.276

TDSecurities 2 17.571 36,075 90 1 20.066 -2.495

CIBC 3 16.839 34,571 80 4 15.522 1.317



NationalBankFinancialInc 6 7.985 16,393 70 6 8.552 -0.567

HSBC 7 3.241 6,654 28 7 3.400 -0.159

Citi 8 1.885 3,870 11 10 1.317 0.568

JPMorgan 9 1.791 3,677 8 9 1.337 0.454


TOTAL 100% 205,309 336 100%

CanadaLoans-NewMoney(Bookrunner)

1st3Q2018 1st3Q2017


TDSecurities 1 18.131 8,512 45 1 22.896 -4.765

Scotiabank 2 17.807 8,360 45 5 12.319 5.488

CIBC 3 14.075 6,608 38 3 14.038 0.037




HSBC 7 3.576 1,679 18 7 3.570 0.006

Citi 8 3.007 1,412 6 13 0.282 2.725


AntaresCapitalLP 10 1.739 816 5 23 0.049 1.690

TOTAL 100% 46,946 187 100%

Energy28%

Industrials14%


Materials13%

Financials13%

Utilities9%

Others10%

CanadaLoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

Q32016

Q32016

Q32017

Q32017

QuartersQuarters

Q32018

Q32018

5050

100100

CADBln

CADBln

00

120120

5050

100100

150150

DealC

ountDealC

ount

00

200200

DealCount Amount

CanadaLoans:IndustryBreakdown

28%

14%

13%

13%

13%

9%

10%

CanadaLoans:BookrunnerRankingsHistory

Scotiabank

TDSecurities

CIBC

RBCCapitalMarkets

BMOCapitalMarkets

NationalBankFinancialInc

10

20

Marke

tSha

re(%

)

0

25

2018 2017 2016



CanadaLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


Scotiabank 1 17.182 35,277 93 3 15.716 1.466

CIBC 2 16.263 33,390 91 4 15.391 0.872

TDSecurities 3 15.512 31,848 93 2 15.967 -0.455




HSBC 7 3.743 7,685 30 7 4.100 -0.357

JPMorgan 8 2.234 4,587 10 10 1.745 0.489


Citi 10 2.040 4,189 12 8 1.887 0.153


WellsFargo 12 0.746 1,532 4 15 0.417 0.329

BNPParibas 13 0.654 1,342 3 13 0.860 -0.206

DesjardinsCapitalMarkets 14 0.614 1,260 6 11 1.689 -1.075

ExportDevelopmentCanada 15 0.529 1,085 3 - - 0.529



MorganStanley 18 0.308 632 4 18 0.301 0.007

INGGroep 19 0.236 485 6 24 0.116 0.120

ATBFinancial 20 0.185 379 4 16 0.325 -0.140

TOTAL 100% 205,309 336 100%

CanadaLoans-NewMoney(MandatedLeadArranger)1st3Q2018 1st3Q2017


TDSecurities 1 16.523 7,718 44 5 11.249 5.274


Scotiabank 3 15.731 7,348 45 2 14.264 1.467

CIBC 4 14.543 6,793 41 3 13.290 1.253



HSBC 7 3.400 1,588 17 7 5.474 -2.074

Citi 8 3.053 1,426 6 17 0.261 2.792



Natixis 11 0.796 372 4 - - 0.796

BNPParibas 12 0.741 346 1 23 0.117 0.624

ATBFinancial 13 0.587 274 2 21 0.150 0.437

DesjardinsCapitalMarkets 14 0.565 264 3 10 2.634 -2.069

WellsFargo 15 0.478 223 3 11 0.653 -0.175

USBancorp 16 0.464 217 1 - - 0.464

BankofIreland 17 0.438 205 1 - - 0.438

DeutscheBank 18 0.350 164 1 18 0.254 0.096

BankofAmericaMerrillLynch 19 0.272 127 5 14 0.375 -0.103

JPMorgan 20 0.219 102 3 8 4.804 -4.585

TOTAL 100% 46,710 186 100%

CanadaLoans(AdministrativeAgent)1st3Q2018 1st3Q2017


Scotiabank 1 23.570 48,728 58 3 17.880 5.690


CIBC 3 15.545 32,137 48 4 15.388 0.157

TDSecurities 4 15.198 31,421 48 1 19.530 -4.332




HSBC 8 2.150 4,444 17 8 0.846 1.304

SumitomoMitsuiFinancial 9 1.048 2,168 5 - - 1.048

DNBASA 10 0.448 926 1 - - 0.448


Citi 12 0.317 655 1 - - 0.317

BankofIreland 13 0.300 619 1 - - 0.300

WellsFargo 14 0.253 523 2 12 0.340 -0.087

JPMorgan 15 0.160 331 1 16 0.141 0.019

ATBFinancial 16 0.156 323 1 11 0.363 -0.207

USBancorp 17 0.105 217 1 - - 0.105

MorganStanley 18 0.063 130 1 20 0.050 0.013

RoyalCapitalManagementCorp 19 0.032 66 1 - - 0.032

Macquarie 20 0.017 35 1 21 0.017 0.000

TOTAL 100% 206,735 340 100%

CanadaLoans-NewMoney(AdministrativeAgent)1st3Q2018 1st3Q2017


Scotiabank 1 25.470 12,229 30 6 8.006 17.464



TDSecurities 4 11.160 5,358 28 2 19.399 -8.239

CIBC 5 7.791 3,741 23 3 16.601 -8.810


HSBC 7 4.564 2,191 12 12 0.459 4.105

SumitomoMitsuiFinancial 8 4.515 2,168 5 - - 4.515


Citi 10 1.363 655 1 - - 1.363


BankofIreland 12 0.852 409 1 - - 0.852

ATBFinancial 13 0.672 323 1 17 0.148 0.524

WellsFargo 14 0.458 220 2 10 0.540 -0.082

USBancorp 15 0.451 217 1 - - 0.451

MorganStanley 16 0.167 80 1 17 0.148 0.019

RoyalCapitalManagementCorp 17 0.137 66 1 - - 0.137

JPMorgan 18 0.069 33 1 16 0.222 -0.153

- - - - - - - -

- - - - - - - -

TOTAL 100% 48,011 189 100%



LatinAmericaLoansReview1st3Q2018totalLatinAmericaLoansvolumeincreased44.84%toUSD37.4Blnwhilethetotalnumberofdealsdecreased3.61%to80dealsyear-on-year.BancoBilbaoVizcayaArgentariarankedasthetopLatinAmericaLoansbookrunnerfor1st3Q2018with14.36%ofcreditedmarketshare.Thebankactedasbookrunnerin23dealsovertheperiod.CitiandScotiabankrankedsecondandthirdwith12.30%and8.14%ofcreditedmarketshare,respectively.

LatinAmericaLoans(Bookrunner)

1st3Q2018 1st3Q2017


BancoBilbaoVizcayaArgentaria 1 14.359 4,512 23 1 8.979 5.380

Citi 2 12.300 3,865 18 3 8.612 3.688

Scotiabank 3 8.137 2,557 15 2 8.733 -0.596

HSBC 4 7.513 2,361 12 8 4.915 2.598

BNPParibas 5 7.342 2,307 11 7 4.920 2.422


JPMorgan 7 5.715 1,796 13 5 5.226 0.489

BancoSantander 8 5.685 1,786 11 4 5.407 0.278



TOTAL 100% 31,424 67 100%

LatinAmericaLoans(MandatedLeadArranger)

1st3Q2018 1st3Q2017


Scotiabank 1 13.348 4,447 19 6 4.922 8.426


Citi 3 8.774 2,923 17 11 3.106 5.668

BancoSantander 4 6.295 2,097 15 7 4.491 1.804

JPMorgan 5 5.771 1,923 13 4 5.324 0.447


HSBC 7 5.156 1,718 11 12 3.075 2.081


INGGroep 9 4.593 1,530 11 9 3.513 1.080

BNPParibas 10 4.542 1,513 11 13 3.064 1.478

TOTAL 100% 33,317 70 100%

Utilities23%

Materials21%

Energy21%


Communications7%

ConsumerStaples6%

Others12%

LatinAmericaLoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

Q32016

Q32016

Q32017

Q32017

QuartersQuarters

Q32018

Q32018

55

1010

1515

USDBln

USDBln

00

2020

1010

2020

3030

4040

DealC

ountDealC

ount

00

5050

DealCount Amount

LatinAmericaLoans:IndustryBreakdown

23%

21%

21%

10%

7%

6%

12%

LatinAmericaLoans:BookrunnerRankingsHistory

BancoBilbaoVizcayaArgentaria Ci

ti

Scotiabank

HSBC

BNPParibas

CreditAgricoleCIB

5

10

Marke

tSha

re(%

)

0

15

2018 2017 2016



EMEALoansReview1st3Q2018totalEMEALoansvolumedecreased15.72%toEUR585.7Blnwhilethetotalnumberofdealsdecreased27.18%to1,085dealsyear-on-year.TotalEMEALeveragedLoansvolumedecreased33.15%year-on-yeartoEUR99.6Blnwhilethetotalnumberofdealsdecreased32.87%to243.BNPParibasrankedasthetopEMEALoansbookrunnerfor1st3Q2018with7.52%ofcreditedmarketshare.Thebankactedasbookrunnerin188dealsovertheperiod.CreditAgricoleCIBandUniCreditrankedsecondandthirdwith5.55%and4.98%ofcreditedmarketshare,respectively.

EMEALoans(Bookrunner)

1st3Q2018 1st3Q2017

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

BNPParibas 1 7.518 34,866 188 3 5.921 1.597


UniCredit 3 4.984 23,115 143 5 4.485 0.499


HSBC 5 4.661 21,615 142 1 6.414 -1.753

DeutscheBank 6 4.481 20,783 90 2 6.025 -1.544

Citi 7 3.862 17,911 89 11 2.985 0.877

JPMorgan 8 3.699 17,155 79 9 3.279 0.420

INGGroep 9 3.697 17,148 141 8 3.978 -0.281


TOTAL 100% 463,777 736 100%

EMEALoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

Q32016

Q32016

Q32017

Q32017

QuartersQuarters

Q32018

Q32018

100100

200200

300300

400400

EURBln

EURBln

00

500500

200200

400400

600600

DealC

ountDealC

ount

00

800800

DealCount Amount

Financials19%

Industrials17%


Communications9%

Materials9%

Energy8%

ConsumerStaples8%

Utilities5%

Others11%

EMEALoans:IndustryBreakdown

EMEALoans:IndustryBreakdown

Industry Volume(EURMln) %OfTotal %YOYChange

Financials 113,875 19.4% 7.1%

Industrials 97,405 16.6% -2.5%



Materials 52,050 8.9% -19.1%

Energy 47,169 8.1% -28.8%


Utilities 31,407 5.4% -27.5%

HealthCare 27,936 4.8% -32.4%

Technology 18,752 3.2% -16.2%

Government 16,294 2.8% 33.6%

19%

17%

14%9%

9%

8%

8%

5%

11%



EMEALoans(Bookrunner)1st3Q2018 1st3Q2017


BNPParibas 1 7.518 34,866 188 3 5.921 1.597


UniCredit 3 4.984 23,115 143 5 4.485 0.499


HSBC 5 4.661 21,615 142 1 6.414 -1.753

DeutscheBank 6 4.481 20,783 90 2 6.025 -1.544

Citi 7 3.862 17,911 89 11 2.985 0.877

JPMorgan 8 3.699 17,155 79 9 3.279 0.420

INGGroep 9 3.697 17,148 141 8 3.978 -0.281


Commerzbank 11 2.752 12,764 98 10 3.102 -0.350

GoldmanSachs 12 2.684 12,450 57 14 2.441 0.243

Natixis 13 2.663 12,352 82 12 2.812 -0.149


BancoSantander 15 2.530 11,733 94 17 1.954 0.576


Barclays 17 2.210 10,250 75 13 2.771 -0.561

NatWestMarkets 18 1.941 9,000 57 16 2.075 -0.134


CreditSuisse 20 1.631 7,565 51 15 2.417 -0.786

TOTAL 100% 463,777 736 100%

EMEALoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BNPParibas 1 6.184 33,552 279 1 5.300 0.884


HSBC 3 4.341 23,554 218 2 5.272 -0.931

UniCredit 4 4.110 22,301 201 7 3.466 0.644

DeutscheBank 5 4.088 22,181 138 3 4.137 -0.049


Citi 7 3.532 19,163 134 11 2.891 0.641

INGGroep 8 3.529 19,148 214 4 4.067 -0.538

JPMorgan 9 2.958 16,050 108 9 3.129 -0.171


Commerzbank 11 2.894 15,700 160 8 3.145 -0.251

Barclays 12 2.670 14,487 119 10 2.913 -0.243


BancoSantander 14 2.234 12,121 150 14 2.643 -0.409

Natixis 15 2.229 12,093 113 13 2.651 -0.422

NatWestMarkets 16 2.168 11,762 109 15 2.192 -0.024


GoldmanSachs 18 2.018 10,950 71 16 2.180 -0.162

CreditSuisse 19 1.910 10,361 69 17 1.901 0.009


TOTAL 100% 542,556 980 100%

EMEALoans(AdministrativeAgent)1st3Q2018 1st3Q2017


DeutscheBank 1 8.540 44,860 40 5 5.045 3.495

JPMorgan 2 7.703 40,462 27 8 3.510 4.193

BNPParibas 3 6.221 32,677 39 4 5.080 1.141

UniCredit 4 5.553 29,169 62 2 7.106 -1.553


INGGroep 6 4.299 22,585 47 7 4.721 -0.422

HSBC 7 4.193 22,025 34 1 11.711 -7.518

Commerzbank 8 4.161 21,858 45 9 3.149 1.012



NatWestMarkets 11 3.211 16,868 22 14 2.033 1.178

Barclays 12 2.908 15,278 21 6 4.723 -1.815

CreditSuisse 13 2.842 14,931 16 19 1.657 1.185


BancoSantander 15 2.421 12,718 51 15 1.955 0.466

LloydsBank 16 2.416 12,690 22 22 1.416 1.000

Rabobank 17 2.291 12,033 20 13 2.325 -0.034

Natixis 18 2.264 11,893 27 12 2.376 -0.112

IntesaSanpaolo 19 2.202 11,567 15 35 0.686 1.516

FirstAbuDhabiBankPJSC 20 2.145 11,267 20 26 0.995 1.150

TOTAL 100% 525,310 955 100%



EMEALeveragedLoans(Bookrunner)1st3Q2018 1st3Q2017


GoldmanSachs 1 7.390 6,374 42 1 7.878 -0.488

DeutscheBank 2 6.615 5,706 39 2 7.378 -0.763

BNPParibas 3 6.121 5,280 43 4 6.440 -0.319

JPMorgan 4 5.788 4,993 37 3 6.994 -1.206

HSBC 5 5.728 4,941 38 6 5.227 0.501

CreditSuisse 6 5.382 4,642 34 5 5.519 -0.137

Barclays 7 5.067 4,371 34 8 4.884 0.183


INGGroep 9 4.076 3,516 40 10 3.965 0.111

Natixis 10 3.693 3,185 26 13 3.690 0.003


MorganStanley 12 3.239 2,794 20 15 2.935 0.304


UniCredit 14 2.997 2,585 27 12 3.848 -0.851

Citi 15 2.712 2,339 18 20 1.735 0.977

DNBASA 16 2.675 2,307 5 31 0.575 2.100



UBS 19 2.072 1,787 15 16 2.586 -0.514

Rabobank 20 2.054 1,772 13 17 2.033 0.021

TOTAL 100% 86,256 190 100%

EMEALeveragedLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


DeutscheBank 1 6.407 6,047 46 2 6.976 -0.569

HSBC 2 6.076 5,734 46 6 5.137 0.939

BNPParibas 3 5.993 5,655 55 4 6.550 -0.557

GoldmanSachs 4 5.827 5,499 43 1 7.354 -1.527

JPMorgan 5 5.566 5,252 39 3 6.716 -1.150

CreditSuisse 6 5.094 4,808 37 5 5.505 -0.411

Barclays 7 4.726 4,460 39 7 4.763 -0.037

INGGroep 8 4.168 3,933 50 11 3.654 0.514


Natixis 10 3.213 3,032 32 13 3.267 -0.054


Citi 12 3.043 2,872 21 19 1.831 1.212


UniCredit 14 2.914 2,750 36 12 3.517 -0.603


Rabobank 16 2.266 2,138 18 18 1.905 0.361


MorganStanley 18 2.029 1,915 21 15 2.598 -0.569

UBS 19 1.894 1,787 15 16 2.594 -0.700

NatWestMarkets 20 1.874 1,769 23 17 1.980 -0.106

TOTAL 100% 94,371 221 100%

EMEASponsor-ledLeveragedLoans(Bookrunner)1st3Q2018 1st3Q2017


GoldmanSachs 1 7.181 5,043 36 3 6.787 0.394

DeutscheBank 2 6.458 4,535 30 1 7.690 -1.232

BNPParibas 3 6.403 4,496 35 2 7.283 -0.880

JPMorgan 4 5.717 4,015 28 4 6.004 -0.287

HSBC 5 5.217 3,663 31 6 4.773 0.444

CreditSuisse 6 5.138 3,608 25 5 5.625 -0.487

INGGroep 7 4.432 3,112 37 10 4.224 0.208

Natixis 8 4.343 3,050 24 12 4.005 0.338

Barclays 9 4.310 3,026 26 11 4.041 0.269



DNBASA 12 3.286 2,307 5 32 0.553 2.733


UniCredit 14 2.885 2,026 24 7 4.599 -1.714



Citi 17 2.570 1,805 12 17 2.076 0.494

UBS 18 2.545 1,787 15 16 2.917 -0.372

Rabobank 19 2.290 1,608 11 18 1.771 0.519

MorganStanley 20 2.098 1,473 15 13 3.415 -1.317

TOTAL 100% 70,222 161 100%

EMEASponsor-ledLeveragedLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


DeutscheBank 1 6.440 5,030 36 2 7.265 -0.825

GoldmanSachs 2 6.123 4,783 37 3 6.166 -0.043

BNPParibas 3 5.936 4,637 45 1 7.446 -1.510

HSBC 4 5.626 4,395 37 6 4.571 1.055

JPMorgan 5 5.522 4,313 30 4 5.899 -0.377

CreditSuisse 6 4.838 3,779 27 5 5.627 -0.789

INGGroep 7 4.242 3,313 46 10 3.891 0.351

Barclays 8 4.088 3,193 31 9 4.031 0.057


Natixis 10 3.475 2,714 29 12 3.514 -0.039




UniCredit 14 2.952 2,306 32 8 4.179 -1.227

Citi 15 2.766 2,160 14 17 2.036 0.730

Rabobank 16 2.578 2,013 16 19 1.852 0.726

UBS 17 2.288 1,787 15 15 2.946 -0.658


NatWestMarkets 19 1.994 1,558 20 18 1.951 0.043

Nordea 20 1.976 1,543 12 25 1.009 0.967

TOTAL 100% 78,109 188 100%



EMEAInvestmentGradeLoans(Bookrunner)1st3Q2018 1st3Q2017


BNPParibas 1 7.724 17,065 61 5 5.143 2.581

UniCredit 2 5.685 12,560 57 4 5.357 0.328

Citi 3 5.553 12,268 44 7 4.295 1.258

DeutscheBank 4 5.129 11,332 23 1 8.645 -3.516


HSBC 6 4.413 9,751 51 2 8.033 -3.620

JPMorgan 7 4.355 9,623 29 21 1.548 2.807





INGGroep 12 2.969 6,560 36 10 3.602 -0.633

BancoSantander 13 2.856 6,311 37 17 2.086 0.770

Commerzbank 14 2.760 6,098 32 6 5.032 -2.272

NatWestMarkets 15 2.688 5,940 29 13 2.488 0.200



GoldmanSachs 18 2.143 4,735 9 34 0.609 1.534

IntesaSanpaolo 19 1.994 4,406 23 15 2.178 -0.184

Barclays 20 1.828 4,038 26 12 2.509 -0.681

TOTAL 100% 220,939 156 100%

EMEAInvestmentGradeLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BNPParibas 1 6.469 15,471 98 5 4.400 2.069

Citi 2 4.966 11,876 66 4 4.595 0.371

DeutscheBank 3 4.568 10,924 45 1 5.286 -0.718

UniCredit 4 4.566 10,919 80 7 4.233 0.333

HSBC 5 4.295 10,271 79 3 5.155 -0.860





JPMorgan 10 3.306 7,905 44 15 2.673 0.633

Commerzbank 11 3.161 7,559 54 2 5.239 -2.078

INGGroep 12 3.130 7,486 56 8 4.157 -1.027

Barclays 13 2.832 6,772 46 14 2.688 0.144

NatWestMarkets 14 2.774 6,634 50 17 2.582 0.192


BancoSantander 16 2.668 6,381 52 10 3.232 -0.564



IntesaSanpaolo 19 2.343 5,603 43 25 1.272 1.071

BancoBilbaoVizcayaArgentaria 20 1.866 4,462 33 16 2.606 -0.740

TOTAL 100% 239,146 190 100%

EMEAInstitutionalLoans(Bookrunner)1st3Q2018 1st3Q2017


GoldmanSachs 1 8.400 4,668 35 2 8.987 -0.587

DeutscheBank 2 7.803 4,336 34 3 8.023 -0.220

JPMorgan 3 5.973 3,320 30 1 9.097 -3.124

BNPParibas 4 5.914 3,287 27 4 7.773 -1.859

HSBC 5 5.860 3,257 32 7 5.090 0.770

Barclays 6 5.432 3,019 26 6 5.484 -0.052

CreditSuisse 7 5.065 2,815 26 5 6.709 -1.644

INGGroep 8 4.557 2,533 30 13 2.669 1.888

MorganStanley 9 4.091 2,274 18 9 3.563 0.528


Natixis 11 3.101 1,724 15 12 2.918 0.183



UBS 14 2.973 1,652 14 15 2.312 0.661

UniCredit 15 2.893 1,608 17 16 2.208 0.685

Citi 16 2.777 1,543 12 20 2.066 0.711



Rabobank 19 2.338 1,299 11 19 2.082 0.256

NatWestMarkets 20 2.013 1,119 12 14 2.343 -0.330

TOTAL 100% 55,576 128 100%

EMEAInstitutionalLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


GoldmanSachs 1 7.500 4,182 36 2 8.351 -0.851

DeutscheBank 2 7.442 4,150 35 3 7.896 -0.454

BNPParibas 3 5.799 3,234 30 4 7.830 -2.031

JPMorgan 4 5.761 3,212 30 1 8.912 -3.151

HSBC 5 5.761 3,212 34 7 5.128 0.633

CreditSuisse 6 5.057 2,820 27 5 6.845 -1.788

Barclays 7 5.029 2,804 26 6 5.244 -0.215

INGGroep 8 4.837 2,697 35 13 2.673 2.164

Natixis 9 3.327 1,855 18 12 2.866 0.461




UBS 13 2.963 1,652 14 15 2.374 0.589

Citi 14 2.953 1,647 13 18 1.900 1.053

Rabobank 15 2.721 1,517 13 20 1.758 0.963

MorganStanley 16 2.711 1,512 18 11 3.240 -0.529


UniCredit 18 2.597 1,448 18 16 2.073 0.524


NatWestMarkets 20 2.155 1,202 13 14 2.492 -0.337

TOTAL 100% 55,761 131 100%



EuropeCorporateLoans(Bookrunner)1st3Q2018 1st3Q2017


BNPParibas 1 9.557 22,665 108 3 6.285 3.272



UniCredit 4 5.274 12,508 78 5 5.459 -0.185

HSBC 5 4.159 9,863 69 1 7.784 -3.625

Commerzbank 6 3.755 8,906 73 9 3.860 -0.105

JPMorgan 7 3.529 8,368 24 16 2.263 1.266

BancoSantander 8 3.526 8,361 65 10 3.031 0.495

DeutscheBank 9 3.308 7,845 34 4 5.685 -2.377

INGGroep 10 3.264 7,740 50 7 4.090 -0.826

Citi 11 3.015 7,151 37 13 2.664 0.351


Natixis 13 2.904 6,886 42 24 1.248 1.656

NatWestMarkets 14 2.780 6,594 32 12 2.791 -0.011


GoldmanSachs 16 2.436 5,777 12 34 0.781 1.655


Barclays 18 2.090 4,956 33 15 2.345 -0.255

IntesaSanpaolo 19 2.031 4,816 27 14 2.515 -0.484

Rabobank 20 1.711 4,057 28 22 1.456 0.255

TOTAL 100% 237,152 317 100%

EuropeCorporateLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BNPParibas 1 6.838 18,155 158 2 5.482 1.356


UniCredit 3 4.667 12,391 109 6 3.922 0.745


HSBC 5 3.920 10,406 116 1 5.664 -1.744

Commerzbank 6 3.760 9,983 111 5 4.054 -0.294

INGGroep 7 3.182 8,447 79 4 4.209 -1.027

BancoSantander 8 3.171 8,419 100 7 3.767 -0.596


DeutscheBank 10 2.918 7,747 64 11 3.172 -0.254

NatWestMarkets 11 2.836 7,531 63 12 2.986 -0.150

Barclays 12 2.672 7,093 61 10 3.208 -0.536

Citi 13 2.637 7,000 57 13 2.879 -0.242

JPMorgan 14 2.565 6,810 43 14 2.767 -0.202

IntesaSanpaolo 15 2.493 6,618 49 19 1.825 0.668



Natixis 18 2.287 6,071 56 20 1.811 0.476


CreditSuisse 20 1.773 4,708 23 29 1.105 0.668

TOTAL 100% 265,489 404 100%



WesternEuropeLoans(Bookrunner)1st3Q2018 1st3Q2017


BNPParibas 1 8.023 34,322 185 3 6.280 1.743



UniCredit 4 4.842 20,713 128 7 4.471 0.371

DeutscheBank 5 4.786 20,473 85 2 6.496 -1.710

HSBC 6 4.475 19,145 130 1 6.585 -2.110

Citi 7 3.964 16,959 80 13 2.842 1.122

JPMorgan 8 3.916 16,752 75 9 3.478 0.438

INGGroep 9 3.829 16,379 129 8 3.895 -0.066


Commerzbank 11 2.935 12,554 95 10 3.200 -0.265

GoldmanSachs 12 2.897 12,392 56 14 2.641 0.256


Natixis 14 2.818 12,057 80 12 2.946 -0.128

BancoSantander 15 2.736 11,704 93 17 2.067 0.669


Barclays 17 2.357 10,081 73 11 2.961 -0.604

NatWestMarkets 18 2.104 9,000 57 16 2.245 -0.141


CreditSuisse 20 1.713 7,330 48 15 2.580 -0.867

TOTAL 100% 427,775 646 100%

WesternEuropeLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BNPParibas 1 6.731 33,127 274 1 5.767 0.964


DeutscheBank 3 4.412 21,713 132 3 4.510 -0.098

HSBC 4 4.376 21,537 199 2 5.491 -1.115


UniCredit 6 4.083 20,094 182 7 3.568 0.515

Citi 7 3.590 17,670 120 12 2.904 0.686

INGGroep 8 3.552 17,480 191 4 4.130 -0.578

JPMorgan 9 3.220 15,845 104 8 3.371 -0.151


Commerzbank 11 3.020 14,863 149 9 3.313 -0.293

Barclays 12 2.911 14,329 116 10 3.187 -0.276

BancoSantander 13 2.412 11,869 147 13 2.779 -0.367

NatWestMarkets 14 2.390 11,762 109 15 2.419 -0.029

Natixis 15 2.340 11,517 109 14 2.744 -0.404



GoldmanSachs 18 2.183 10,743 69 16 2.406 -0.223

CreditSuisse 19 1.964 9,667 61 18 2.006 -0.042


TOTAL 100% 492,157 841 100%

GermanBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


BNPParibas 1 11.261 9,679 18 10 3.638 7.623

Commerzbank 2 9.922 8,528 46 1 12.510 -2.588

UniCredit 3 7.802 6,706 39 2 12.168 -4.366

JPMorgan 4 6.454 5,547 6 7 3.799 2.655

LandesbankBaden-Wuerttemberg 5 5.172 4,445 22 6 3.923 1.249

DeutscheBank 6 4.373 3,758 20 3 9.299 -4.926

Citi 7 3.176 2,730 5 4 6.221 -3.045

HSBC 8 2.949 2,534 9 11 2.786 0.163




INGGroep 12 2.108 1,812 6 9 3.752 -1.644

Barclays 13 2.051 1,763 6 19 1.574 0.477

ABNAmroBankNV 14 1.978 1,700 5 39 0.318 1.660

CreditSuisse 15 1.914 1,646 5 21 1.408 0.506

GoldmanSachs 16 1.710 1,470 5 5 4.719 -3.009





TOTAL 100% 85,951 92 100%

GermanBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


Commerzbank 1 9.422 8,712 68 1 10.881 -1.459

UniCredit 2 7.255 6,709 53 2 8.709 -1.454

LandesbankBaden-Wuerttemberg 3 5.349 4,946 43 6 4.237 1.112

DeutscheBank 4 4.823 4,460 30 3 8.362 -3.539

BNPParibas 5 4.265 3,944 26 7 3.843 0.422

Citi 6 3.308 3,059 7 5 4.612 -1.304

INGGroep 7 3.247 3,003 14 11 3.089 0.158

JPMorgan 8 3.194 2,954 8 10 3.372 -0.178


DZBank 10 2.940 2,719 30 12 2.828 0.112




HSBC 14 2.616 2,419 19 14 2.684 -0.068

Barclays 15 2.599 2,403 9 19 1.560 1.039

BayernLB 16 2.412 2,231 20 9 3.465 -1.053

NatWestMarkets 17 2.032 1,879 6 20 1.488 0.544

LandesbankHessen-ThuringenGirozentrale 18 2.004 1,853 13 15 2.647 -0.643

CreditSuisse 19 1.779 1,646 5 18 1.678 0.101

SEB 20 1.756 1,624 10 21 1.409 0.347

TOTAL 100% 92,471 106 100%



NordicBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


Nordea 1 15.779 4,058 32 1 14.540 1.239

DNBASA 2 12.728 3,273 12 2 9.872 2.856

SEB 3 6.935 1,784 18 3 9.291 -2.356

Citi 4 6.867 1,766 6 20 1.506 5.361

DanskeBank 5 5.429 1,396 15 4 7.917 -2.488

BNPParibas 6 3.980 1,024 7 7 4.651 -0.671

JPMorgan 7 3.863 994 4 17 1.677 2.186

Barclays 8 3.291 846 5 16 1.739 1.552

DeutscheBank 9 2.961 762 5 5 5.207 -2.246

HSBC 10 2.700 695 4 12 2.361 0.339

GoldmanSachs 11 2.518 648 3 13 2.352 0.166

BankofChina 12 2.216 570 4 41 0.179 2.037

Macquarie 13 2.152 554 1 - - 2.152

OPCooperative 14 1.933 497 5 23 1.150 0.783

SvenskaHandelsbanken 15 1.927 496 5 10 2.789 -0.862

INGGroep 16 1.814 467 7 11 2.396 -0.582


Swedbank 18 1.718 442 6 14 1.938 -0.220

CreditSuisse 19 1.599 411 5 25 1.086 0.513

UniCredit 20 1.418 365 5 26 1.061 0.357

TOTAL 100% 25,718 48 100%

NordicBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


Nordea 1 15.276 5,307 53 1 12.333 2.943

DanskeBank 2 10.397 3,612 41 2 9.186 1.211

SEB 3 10.386 3,608 36 3 8.520 1.866

DNBASA 4 6.010 2,088 21 4 8.512 -2.502

JPMorgan 5 4.787 1,663 7 15 1.880 2.907

Citi 6 4.717 1,639 7 10 2.711 2.006

BNPParibas 7 3.942 1,369 10 7 3.281 0.661

Barclays 8 3.305 1,148 7 12 2.337 0.968

DeutscheBank 9 3.066 1,065 6 11 2.359 0.707

HSBC 10 2.873 998 5 8 3.098 -0.225

Swedbank 11 2.831 984 15 5 4.584 -1.753

SvenskaHandelsbanken 12 2.403 835 13 6 4.361 -1.958

NykreditBankA/S 13 2.390 830 6 26 1.265 1.125


INGGroep 15 1.930 671 11 9 2.732 -0.802


GoldmanSachs 17 1.864 648 3 20 1.628 0.236

OPCooperative 18 1.743 605 10 18 1.725 0.018

BankofChina 19 1.321 459 4 49 0.144 1.177

Macquarie 20 1.275 443 1 - - 1.275

TOTAL 100% 34,741 76 100%

BeneluxBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


DeutscheBank 1 13.297 8,383 22 1 12.248 1.049

INGGroep 2 8.328 5,251 37 3 6.403 1.925

BNPParibas 3 6.704 4,227 31 4 6.349 0.355

Rabobank 4 5.911 3,727 26 5 5.953 -0.042

HSBC 5 4.743 2,990 20 9 4.491 0.252

ABNAmroBankNV 6 4.483 2,826 17 8 4.612 -0.129


JPMorgan 8 4.011 2,529 16 2 8.199 -4.188

CreditSuisse 9 3.980 2,510 14 7 4.729 -0.749

GoldmanSachs 10 3.863 2,435 21 6 5.486 -1.623


Citi 12 3.628 2,288 17 14 3.100 0.528


Barclays 14 3.400 2,144 12 13 3.122 0.278

UniCredit 15 2.442 1,540 8 22 0.908 1.534

NatWestMarkets 16 2.290 1,444 12 24 0.776 1.514

Natixis 17 2.130 1,343 6 21 0.910 1.220



UBS 20 1.430 902 9 15 2.358 -0.928

TOTAL 100% 63,048 96 100%

BeneluxBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


DeutscheBank 1 12.253 9,100 34 1 10.334 1.919

INGGroep 2 6.275 4,660 48 4 5.522 0.753

BNPParibas 3 6.004 4,459 46 3 6.867 -0.863

Rabobank 4 4.882 3,626 34 6 4.568 0.314

HSBC 5 4.283 3,181 28 11 3.360 0.923

JPMorgan 6 4.128 3,066 21 2 7.154 -3.026

ABNAmroBankNV 7 4.056 3,012 28 9 3.893 0.163

CreditSuisse 8 4.056 3,012 18 5 4.715 -0.659

GoldmanSachs 9 3.654 2,714 24 7 4.186 -0.532

Citi 10 3.642 2,705 24 10 3.870 -0.228



Barclays 13 2.974 2,209 17 14 2.793 0.181


NatWestMarkets 15 2.691 1,998 19 25 1.016 1.675

UniCredit 16 2.111 1,568 12 24 1.075 1.036

Natixis 17 1.871 1,389 8 20 1.469 0.402




TOTAL 100% 74,267 118 100%



Central&EasternEuropeanBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


UniCredit 1 11.871 2,593 24 2 8.713 3.158

INGGroep 2 8.071 1,763 23 1 11.738 -3.667

DeutscheBank 3 7.981 1,744 11 8 3.286 4.695




IntesaSanpaolo 7 5.324 1,163 5 - - 5.324

BNPParibas 8 3.478 760 9 14 2.522 0.956



Commerzbank 11 3.308 723 10 4 5.259 -1.951

Citi 12 2.481 542 10 5 4.690 -2.209

GoldmanSachs 13 2.446 534 3 35 0.894 1.552




FirstAbuDhabiBankPJSC 17 1.548 338 6 25 1.102 0.446

ErsteGroupBank 18 1.518 332 4 10 2.946 -1.428

HSBC 19 1.518 332 5 13 2.813 -1.295

JPMorgan 20 1.432 313 5 36 0.825 0.607

TOTAL 100% 21,846 53 100%

Central&EasternEuropeanBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


UniCredit 1 8.743 2,928 32 2 6.324 2.419

INGGroep 2 8.024 2,687 40 1 8.729 -0.705

DeutscheBank 3 6.887 2,306 16 15 2.074 4.813



IntesaSanpaolo 6 3.795 1,271 7 31 1.008 2.787

Commerzbank 7 3.606 1,207 17 4 4.332 -0.726

Citi 8 3.290 1,102 16 5 4.283 -0.993


BNPParibas 10 2.795 936 14 12 2.110 0.685

TurkiyeGarantiBankasiAS 11 2.463 825 12 30 1.075 1.388


GoldmanSachs 13 2.225 745 5 43 0.683 1.542

RaiffeisenBankInternationalGroup 14 2.135 715 13 16 1.959 0.176

SberbankCIBCJSC 15 2.079 696 11 18 1.888 0.191

HSBC 16 2.079 696 9 6 3.213 -1.134

Industrial&CommBankofChina 17 2.011 673 10 10 2.468 -0.457

SumitomoMitsuiFinancial 18 1.943 651 10 8 2.556 -0.613

ErsteGroupBank 19 1.941 650 9 11 2.230 -0.289


TOTAL 100% 33,485 83 100%

Russia&CISBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


DeutscheBank 1 16.447 1,342 4 10 4.109 12.338

INGGroep 2 15.734 1,284 10 1 16.442 -0.708

UniCredit 3 10.649 869 7 3 11.563 -0.914




Commerzbank 7 3.788 309 2 4 7.368 -3.580

SberbankCIBCJSC 8 3.710 303 3 6 5.933 -2.223

Natixis 9 2.781 227 2 12 3.961 -1.180


BankofChina 11 2.154 176 1 11 3.976 -1.822

ChinaConstructionBank 11 2.154 176 1 - - 2.154

IntesaSanpaolo 11 2.154 176 1 - - 2.154

Nordea 14 1.733 141 2 8 4.780 -3.047

HSBC 15 1.313 107 1 16 1.695 -0.382

AlfaBank 16 1.272 104 3 17 0.866 0.406

Citi 17 1.005 82 2 13 3.852 -2.847

ABNAmroBankNV 18 0.515 42 1 - - 0.515

BNPParibas 18 0.515 42 1 - - 0.515

KreditanstaltfuerWiederaufbau 18 0.515 42 1 - - 0.515

TOTAL 100% 8,162 17 100%

Russia&CISBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


DeutscheBank 1 17.527 1,637 6 19 2.020 15.507

INGGroep 2 15.225 1,422 15 1 12.728 2.497

UniCredit 3 12.676 1,184 11 2 9.281 3.395




Commerzbank 7 3.345 312 3 4 6.010 -2.665

SberbankCIBCJSC 8 3.277 306 4 6 5.569 -2.292

Natixis 9 2.608 244 3 9 4.456 -1.848

Citi 10 2.486 232 3 11 3.905 -1.419

IntesaSanpaolo 11 1.917 179 2 20 1.441 0.476

BankofChina 12 1.882 176 1 12 3.881 -1.999

ChinaConstructionBank 12 1.882 176 1 21 1.429 0.453

BancoSantander 14 1.608 150 1 - - 1.608

Nordea 15 1.514 141 2 8 4.469 -2.955

RaiffeisenBankInternationalGroup 16 1.500 140 3 17 2.133 -0.633

HSBC 17 1.147 107 1 22 1.324 -0.177

AlfaBank 18 0.972 91 3 27 0.712 0.260

BNPParibas 19 0.628 59 2 - - 0.628


TOTAL 100% 9,342 22 100%



MENABorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


HSBC 1 9.047 5,421 14 4 5.662 3.385

Citi 2 8.372 5,017 14 5 5.245 3.127




JPMorgan 6 5.983 3,585 7 25 1.192 4.791



FirstAbuDhabiBankPJSC 9 4.391 2,631 17 1 10.159 -5.768


BNPParibas 11 3.291 1,972 2 45 0.241 3.050

Industrial&CommBankofChina 12 3.004 1,800 3 2 6.818 -3.814

BankofChina 13 2.670 1,600 2 26 0.950 1.720


NationalBankofEgypt 15 2.350 1,408 13 8 4.365 -2.015

BanqueMisrSAE 16 2.092 1,253 11 7 4.579 -2.487


CommercialInternationalBankofEgypt 18 1.443 865 7 12 3.412 -1.969

NationalBankofKuwait 19 1.397 837 2 45 0.241 1.156

CIBC 20 1.068 640 1 - - 1.068

TOTAL 100% 59,922 59 100%

MENABorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


HSBC 1 7.926 5,373 20 2 5.412 2.514


Citi 3 6.814 4,619 17 14 2.272 4.542




BNPParibas 7 4.425 3,000 4 24 1.511 2.914


JPMorgan 9 4.105 2,783 7 39 0.728 3.377


BankofChina 11 3.442 2,333 4 31 1.121 2.321

GoldmanSachs 12 3.424 2,321 4 - - 3.424





AbuDhabiCommercialBank 17 1.657 1,123 11 12 2.452 -0.795

BanqueMisrSAE 18 1.611 1,092 11 10 2.628 -1.017

NationalBankofKuwait 19 1.606 1,089 3 52 0.454 1.152


TOTAL 100% 67,793 76 100%

GCCBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


Citi 1 9.195 4,742 11 5 6.442 2.753

HSBC 2 8.167 4,212 10 4 7.070 1.097



JPMorgan 5 6.952 3,585 7 20 1.488 5.464






BNPParibas 11 3.824 1,972 2 39 0.301 3.523


BankofChina 13 3.102 1,600 2 21 1.186 1.916




CIBC 17 1.241 640 1 - - 1.241


Barclays 19 1.076 555 3 28 0.768 0.308

SambaCapital 20 1.047 540 2 26 0.912 0.135

TOTAL 100% 51,572 39 100%

GCCBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


HSBC 1 8.409 4,934 15 2 6.377 2.032


Citi 3 7.431 4,359 14 13 2.384 5.047




BNPParibas 7 5.114 3,000 4 18 1.780 3.334

JPMorgan 8 4.743 2,783 7 34 0.858 3.885


BankofChina 10 3.977 2,333 4 26 1.321 2.656

GoldmanSachs 11 3.957 2,321 4 - - 3.957





AbuDhabiCommercialBank 16 1.915 1,123 11 11 2.675 -0.760




CreditSuisse 20 1.055 619 3 22 1.548 -0.493

TOTAL 100% 58,667 52 100%



EMEAIslamicFinancing(Bookrunner)1st3Q2018 1st3Q2017


DubaiIslamicBank 1 11.401 1,692 7 1 13.938 -2.537



Citi 4 5.698 846 3 13 2.298 3.400

HSBC 4 5.698 846 3 8 4.275 1.423

JPMorgan 6 5.496 816 2 13 2.298 3.198


BankofChina 8 5.153 765 1 13 2.298 2.855




KuwaitFinanceHouse 12 3.901 579 2 - - 3.901


ArabNationalBank 13 2.967 440 1 - - 2.967

BanqueSaudiFransi 13 2.967 440 1 - - 2.967



WarbaBank 18 1.893 281 2 22 0.673 1.220



TOTAL 100% 14,845 24 100%

EMEAIslamicFinancing(MandatedLeadArranger)1st3Q2018 1st3Q2017


DubaiIslamicBank 1 10.005 1,721 10 3 10.158 -0.153



HSBC 4 4.782 823 4 5 5.419 -0.637

KuwaitFinanceHouse 5 4.661 802 4 - - 4.661

Citi 6 4.089 703 3 22 0.939 3.150

JPMorgan 7 3.915 673 2 22 0.939 2.976




BankofChina 11 3.739 643 2 22 0.939 2.800

BNPParibas 12 3.706 638 1 - - 3.706

GoldmanSachs 12 3.706 638 1 - - 3.706


NoorBank 15 2.233 384 8 4 6.210 -3.977


Al-RajhiBanking&InvestmentCorp 17 2.156 371 2 8 3.733 -1.577

ArabNationalBank 17 2.156 371 2 13 2.730 -0.574

BanqueSaudiFransi 17 2.156 371 2 6 5.372 -3.216


TOTAL 100% 17,201 33 100%

AfricaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%) MktShareChg(%)

HSBC 1 6.957 1,464 7 16 1.983 4.974

NationalBankofEgypt 2 6.690 1,408 13 2 6.553 0.137

FirstRandLtd 3 6.012 1,265 2 22 1.311 4.701

BanqueMisrSAE 4 5.954 1,253 11 1 6.788 -0.834


AfricanExport-ImportBank 6 4.929 1,037 4 27 1.063 3.866


EasternandSouthernAfricanTradeandDevel

8 4.019 846 2 19 1.692 2.327

Citi 9 3.520 741 6 28 0.999 2.521


ArabAfricanInternationalBank 11 2.748 578 6 6 5.741 -2.993

BNPParibas 12 2.570 541 3 34 0.717 1.853


MashreqbankPSC 14 2.243 472 6 46 0.161 2.082

JPMorgan 15 1.798 378 3 46 0.161 1.637


BarclaysAfricaGroupLtd 17 1.693 356 2 29 0.993 0.700



Investec 20 1.475 311 1 - - 1.475

TOTAL 100% 21,048 38 100%

AfricaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BarclaysAfricaGroupLtd 1 5.764 1,523 14 48 0.505 5.259



StandardBankofSouthAfrica 4 4.230 1,118 12 1 5.653 -1.423

BanqueMisrSAE 5 4.132 1,092 11 2 5.030 -0.898

AfricanExport-ImportBank 6 3.926 1,037 4 24 1.532 2.394

HSBC 7 3.293 870 10 16 2.222 1.071


Citi 9 2.754 728 7 12 2.710 0.044

NedbankLtd 10 2.634 696 7 22 1.638 0.996

FirstRandLtd 11 2.629 695 4 5 3.680 -1.051





ArabAfricanInternationalBank 16 1.951 516 6 8 3.150 -1.199


Investec 18 1.833 484 5 - - 1.833

CreditAgricoleCIB 19 1.797 475 4 20 1.919 -0.122

BNPParibas 20 1.771 468 3 9 2.953 -1.182

TOTAL 100% 26,423 59 100%



MENABorrowerCorporateLoans(Bookrunner)1st3Q2018 1st3Q2017


Citi 1 8.825 3,060 8 8 3.753 5.072

HSBC 2 7.198 2,496 8 2 9.323 -2.125





JPMorgan 7 5.725 1,985 5 34 0.598 5.127

BNPParibas 8 5.688 1,972 2 34 0.598 5.090



MizuhoFinancial 11 4.462 1,547 2 - - 4.462

NationalBankofEgypt 12 2.494 865 9 3 7.081 -4.587

BanqueMisrSAE 13 2.292 795 8 3 7.081 -4.789



CIBC 16 1.846 640 1 - - 1.846

SambaCapital 17 1.557 540 2 16 1.811 -0.254

Barclays 18 1.509 523 2 25 0.913 0.596



TOTAL 100% 34,676 35 100%

MENABorrowerCorporateLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017



Citi 2 7.539 2,881 10 10 3.169 4.370

HSBC 3 6.614 2,528 12 2 6.450 0.164



BNPParibas 6 4.361 1,667 2 45 0.471 3.890



JPMorgan 9 3.793 1,449 5 45 0.471 3.322




GoldmanSachs 13 2.585 988 2 - - 2.585

BankofChina 14 2.399 917 1 35 0.628 1.771

AbuDhabiCommercialBank 15 2.183 834 5 9 3.393 -1.210

NationalBankofEgypt 16 1.897 725 9 4 4.982 -3.085

BanqueMisrSAE 17 1.778 679 8 4 4.982 -3.204



Scotiabank 20 1.413 540 2 - - 1.413

TOTAL 100% 38,215 45 100%



Sub-SaharanAfricaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%) MktShareChg(%)

FirstRandLtd 1 9.588 1,265 2 16 1.871 7.717


AfricanExport-ImportBank 3 7.103 938 3 21 1.517 5.586


4 6.410 846 2 13 2.413 3.997


Citi 6 4.288 566 4 26 1.240 3.048

BNPParibas 7 4.098 541 3 28 1.023 3.075


JPMorgan 9 2.867 378 3 40 0.230 2.637


BarclaysAfricaGroupLtd 11 2.700 356 2 22 1.417 1.283


Investec 13 2.353 311 1 - - 2.353

NedbankLtd 13 2.353 311 1 27 1.207 1.146

StandardFinance 13 2.353 311 1 - - 2.353

HSBC 16 1.935 255 3 10 2.829 -0.894

BankofChina 17 1.927 254 3 4 6.268 -4.341

StandardBankofSouthAfrica 18 1.809 239 2 8 4.758 -2.949

MashreqbankPSC 19 1.803 238 3 40 0.230 1.573

Commerzbank 20 1.610 213 2 14 2.273 -0.663

TOTAL 100% 13,198 19 100%

Sub-SaharanAfricaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank PrevMktShare(%) MktShareChg(%)

BarclaysAfricaGroupLtd 1 8.502 1,523 14 40 0.688 7.814


StandardBankofSouthAfrica 3 6.240 1,118 12 1 7.693 -1.453

AfricanExport-ImportBank 4 5.234 938 3 17 2.085 3.149

NedbankLtd 5 3.885 696 7 16 2.229 1.656

FirstRandLtd 6 3.878 695 4 3 5.007 -1.129


Citi 8 3.170 568 5 10 3.054 0.116



Investec 11 2.703 484 5 - - 2.703

BNPParibas 12 2.612 468 3 5 4.018 -1.406

HSBC 13 2.402 430 5 11 3.023 -0.621


JPMorgan 15 2.123 380 4 29 1.141 0.982


Commerzbank 17 1.984 355 5 13 2.950 -0.966


18 1.838 329 2 12 2.997 -1.159

IntesaSanpaolo 19 1.810 324 2 28 1.434 0.376

BankofChina 20 1.787 320 4 4 4.505 -2.718

TOTAL 100% 17,912 37 100%

SpainBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


BancoSantander 1 15.592 4,661 55 1 14.813 0.779

LaCaixa 2 8.292 2,479 23 2 11.257 -2.965


BNPParibas 4 6.752 2,018 12 16 1.812 4.940



Citi 7 3.879 1,160 5 15 2.007 1.872

BancoSabadell 8 3.526 1,054 12 12 2.821 0.705

Bankia 9 3.176 949 16 5 5.833 -2.657

INGGroep 10 3.123 934 10 14 2.489 0.634

NatWestMarkets 11 2.940 879 4 17 1.414 1.526



UniCredit 14 2.293 686 2 22 0.808 1.485

GoldmanSachs 15 2.096 627 2 8 4.827 -2.731

Barclays 16 1.939 580 4 20 0.914 1.025


JPMorgan 18 1.939 580 3 21 0.871 1.068

IntesaSanpaolo 19 1.918 573 3 17 1.414 0.504

CreditSuisse 20 1.915 572 2 - - 1.915

TOTAL 100% 29,896 92 100%

SpainBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BancoSantander 1 11.369 4,000 81 1 11.743 -0.374

LaCaixa 2 7.594 2,672 61 2 9.740 -2.146


BancoSabadell 4 5.826 2,050 42 7 4.641 1.185

BNPParibas 5 5.547 1,952 19 12 3.548 1.999

Bankia 6 5.108 1,797 53 4 5.961 -0.853



Citi 9 3.378 1,189 8 16 1.712 1.666


DeutscheBank 11 2.711 954 7 24 0.824 1.887

Barclays 12 2.577 907 10 20 1.311 1.266


INGGroep 14 2.430 855 16 11 3.687 -1.257

Commerzbank 15 2.268 798 7 44 0.195 2.073

HSBC 16 2.035 716 10 5 5.477 -3.442

NatWestMarkets 17 2.028 714 8 17 1.630 0.398

CreditSuisse 18 2.003 705 3 - - 2.003

UniCredit 19 1.888 664 4 21 1.158 0.730

IntesaSanpaolo 20 1.737 611 6 18 1.535 0.202

TOTAL 100% 35,182 122 100%



AsiaPacificex-JapanLoansReview1st3Q2018totalAPACex-JapanLoansvolumedecreased0.86%toUSD361.9Blnwhilethetotalnumberofdealsdecreased22.02%to988dealsyear-on-year.BankofChinarankedasthetopAPACex-JapanLoansbookrunnerfor1st3Q2018with13.17%ofcreditedmarketshare.Thebankactedasbookrunnerin186dealsovertheperiod.ANZBankingGroupandHSBCrankedsecondandthirdwith5.67%and4.84%ofcreditedmarketshare,respectively.

APACex-JapanLoans(Bookrunner)

1st3Q2018 1st3Q2017


BankofChina 1 13.168 34,278 186 1 16.482 -3.314

ANZBankingGroup 2 5.667 14,751 80 3 4.337 1.330

HSBC 3 4.845 12,611 68 4 3.621 1.224

ChinaDevelopmentBank 4 4.080 10,621 4 86 0.153 3.927


Industrial&CommBankofChina 6 3.002 7,816 22 6 2.647 0.355

KBFinancialGroupInc 7 2.920 7,601 21 7 2.524 0.396


DBSGroup 9 2.720 7,081 56 14 1.925 0.795


TOTAL 100% 260,311 742 100%

APACex-JapanLoans:LargestDealsbyCountryof1st3Q2018

Borrower Volume(USDMln) Date Country

NSWElectricityNetworksFinancePtyLtd 3,210 06/07/2018 Australia

ZhejiangPetroleum&ChemicalCoLtd 9,081 07/06/2018 China

MuseHoldings-BInc 3,823 09/14/2018 HongKong

NatSteelAsiaPteLtd 1,684 06/21/2018 India

PerusahaanListrikNegaraPT 1,979 06/23/2018 Indonesia

PRPCRefineryandCrackerSdnBhd 7,000 03/19/2018 Malaysia

MarinaBaySandsPteLtd 3,875 03/19/2018 Singapore

GangneungEcoPowerCoLtd 4,393 05/18/2018 SouthKorea

ASETechnologyHoldingCoLtd 3,039 04/30/2018 Taiwan

WorthAccessTradingLtd 480 02/26/2018 Thailand

Financials36%

Energy13%

Industrials12%


Materials9%

Utilities7%

Technology5%

Others6%

APACex-JapanLoans:QuarterlyVolume

Q32013

Q32013

Q32014

Q32014

Q32015

Q32015

Q32016

Q32016

Q32017

Q32017

QuartersQuarters

Q32018

Q32018

5050

100100

USDBln

USDBln

00

160160

200200

400400 DealC

ountDealC

ount

00

600600

DealCount Amount

APACex-JapanLoans:IndustryBreakdown

36%

13%12%

11%

9%

7%

5%

6%

APACex-JapanLoans:BookrunnerRankingsHistory

BankofChina

ANZBankingGroup

HSBC

ChinaDevelopmentBank

StandardCharteredBank

Industrial&CommBankofChina

10

Marke

tSha

re(%

)

0

20

2018 2017 2016



Asiaex-JapanLoans(Bookrunner)1st3Q2018 1st3Q2017


BankofChina 1 15.231 32,892 181 1 18.854 -3.623



HSBC 4 4.394 9,488 51 6 2.839 1.555



DBSGroup 7 3.091 6,675 54 10 2.054 1.037

ChinaCiticBank 8 2.533 5,469 7 46 0.517 2.016


KoreaDevelopmentBank 10 2.278 4,920 17 9 2.204 0.074

UnitedOverseasBank 11 2.203 4,757 16 36 0.716 1.487


BankofTaiwan 13 2.085 4,503 34 19 1.488 0.597

MegaFinancialHoldingCoLtd 14 1.964 4,241 34 29 0.881 1.083


ChinaConstructionBank 16 1.788 3,862 21 15 1.740 0.048

BNPParibas 17 1.682 3,632 28 21 1.270 0.412

Oversea-ChineseBankingCorp 18 1.573 3,396 26 31 0.846 0.727


ANZBankingGroup 20 1.450 3,131 30 12 1.852 -0.402

TOTAL 100% 215,949 643 100%

Asiaex-JapanLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BankofChina 1 12.275 35,416 228 1 16.885 -4.610



HSBC 4 3.604 10,398 102 3 3.533 0.071

DBSGroup 5 3.450 9,955 101 4 3.267 0.183







ChinaCiticBank 12 2.050 5,915 12 24 1.102 0.948

ChinaConstructionBank 13 1.924 5,552 46 12 2.213 -0.289


AgriculturalBankofChina 15 1.466 4,229 22 19 1.487 -0.021

BNPParibas 16 1.453 4,194 52 22 1.219 0.234

ShinhanFinancialGroupCoLtd 17 1.320 3,809 32 25 1.086 0.234

Export-ImportBankofChina 18 1.310 3,779 9 76 0.229 1.081



TOTAL 100% 288,521 810 100%

APACex-JapanG3CurrencyLoans(Bookrunner)1st3Q2018 1st3Q2017



HSBC 2 6.787 6,360 38 3 6.292 0.495





DBSGroup 7 4.013 3,760 32 5 4.125 -0.112

BNPParibas 8 3.427 3,211 22 8 3.208 0.219


DeutscheBank 10 2.968 2,781 13 11 2.513 0.455




Citi 14 2.155 2,019 16 10 2.873 -0.718


CreditSuisse 16 1.892 1,773 10 9 3.085 -1.193

INGGroep 17 1.801 1,688 17 13 1.842 -0.041


BankofChina 19 1.691 1,584 14 1 10.051 -8.360

Natixis 20 1.549 1,452 8 26 1.260 0.289

TOTAL 100% 93,698 211 100%

APACex-JapanG3CurrencyLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017



HSBC 2 4.363 5,146 61 2 5.053 -0.690

DBSGroup 3 4.101 4,837 50 5 3.508 0.593





BankofChina 8 3.282 3,871 41 1 8.945 -5.663


BNPParibas 10 2.842 3,352 41 11 2.566 0.276






INGGroep 16 2.183 2,575 34 16 1.893 0.290

Citi 17 2.038 2,404 25 10 2.756 -0.718


Natixis 19 1.742 2,055 14 50 0.542 1.200

DeutscheBank 20 1.672 1,972 17 19 1.401 0.271

TOTAL 100% 117,954 274 100%



APACex-JapanLoans(Bookrunner)1st3Q2018 1st3Q2017


BankofChina 1 13.168 34,278 186 1 16.482 -3.314


HSBC 3 4.845 12,611 68 4 3.621 1.224






DBSGroup 9 2.720 7,081 56 14 1.925 0.795


ChinaCiticBank 11 2.101 5,469 7 52 0.435 1.666

NationalAustraliaBank 12 2.049 5,334 31 9 2.427 -0.378




CommonwealthBankAustralia 16 1.854 4,827 30 8 2.457 -0.603

BNPParibas 17 1.802 4,690 33 21 1.382 0.420

BankofTaiwan 18 1.730 4,503 34 25 1.252 0.478


WestpacBanking 20 1.576 4,103 28 13 1.925 -0.349

TOTAL 100% 260,311 742 100%

APACex-JapanLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BankofChina 1 10.817 38,156 253 1 14.691 -3.874




HSBC 5 3.724 13,137 125 2 3.758 -0.034


DBSGroup 7 3.105 10,953 112 5 2.995 0.110








NationalAustraliaBank 15 1.781 6,283 61 18 1.642 0.139


ChinaCiticBank 17 1.677 5,915 12 28 0.904 0.773

BNPParibas 18 1.599 5,641 67 25 1.269 0.330

WestpacBanking 19 1.546 5,454 55 17 1.734 -0.188


TOTAL 100% 352,730 958 100%

ASEANLoans(Bookrunner)1st3Q2018 1st3Q2017




DBSGroup 3 7.939 3,808 29 2 5.749 2.190

HSBC 4 6.906 3,312 12 18 2.403 4.503



Maybank 7 5.397 2,589 17 1 8.334 -2.937



BankMandiri 10 3.384 1,623 13 10 3.188 0.196

BDOCapital&InvestmentCorp 11 2.934 1,407 1 4 4.801 -1.867

INGGroep 12 2.824 1,354 14 26 1.499 1.325


CIMB 14 2.472 1,186 13 11 2.821 -0.349

BankCentralAsia 15 2.363 1,134 9 25 1.511 0.852


BNPParibas 17 2.258 1,083 13 20 1.985 0.273

BankNegaraIndonesia(Persero)TbkPT 18 1.936 929 9 5 4.565 -2.629

CreditSuisse 19 1.614 774 5 19 2.162 -0.548

Citi 20 1.305 626 9 48 0.281 1.024

TOTAL 100% 47,961 100 100%

ASEANLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017



DBSGroup 2 8.332 5,846 54 3 7.210 1.122

UnitedOverseasBank 3 8.002 5,615 41 2 8.172 -0.170




Maybank 7 4.455 3,126 29 7 3.933 0.522

HSBC 8 3.905 2,740 25 6 3.938 -0.033


BankRakyatIndonesiaPT 10 3.312 2,324 5 16 1.611 1.701

CIMB 11 2.811 1,972 23 29 0.855 1.956

BankofChina 12 2.730 1,916 18 10 3.083 -0.353

BDOCapital&InvestmentCorp 13 2.055 1,442 2 13 2.544 -0.489

BNPParibas 14 1.915 1,344 23 15 1.709 0.206

BankMandiri 15 1.863 1,307 16 12 2.763 -0.900


INGGroep 17 1.805 1,267 23 27 0.932 0.873




TOTAL 100% 70,168 161 100%



APACex-JapanLeveragedLoans(Bookrunner)1st3Q2018 1st3Q2017



ChinaConstructionBank 2 8.504 1,690 1 - - 8.504


KBFinancialGroupInc 4 5.350 1,063 4 - - 5.350

MiraeAssetDaewooCoLtd 5 4.407 876 4 5 5.066 -0.659

ANZBankingGroup 6 4.105 816 5 3 5.657 -1.552

BankofChina 7 3.695 734 2 9 4.018 -0.323


NHInvestment&SecuritiesCoLtd 9 3.473 690 4 25 1.017 2.456

DBSGroup 10 3.401 676 4 6 4.803 -1.402

GoldmanSachs 11 3.215 639 3 15 3.390 -0.175

HSBC 12 3.112 618 4 1 8.139 -5.027

WooriBank 13 2.956 587 3 4 5.073 -2.117

MitsubishiUFJFinancialGroupInc 14 2.904 577 2 9 4.018 -1.114

HanaFinancialGroupInc 15 2.496 496 3 34 0.646 1.850

UnitedOverseasBank 16 2.292 456 2 - - 2.292

INGGroep 17 1.996 397 4 - - 1.996

CreditAgricoleCIB 18 1.943 386 3 - - 1.943


ChinaCiticBank 19 1.924 382 1 7 4.422 -2.498

TOTAL 100% 19,873 38 100%

APACex-JapanLeveragedLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017



ChinaMinshengBankingCorp 2 6.009 1,260 4 9 3.349 2.660

ChinaMerchantsBank 3 5.685 1,193 2 2 8.703 -3.018

KBFinancialGroupInc 4 5.069 1,063 4 - - 5.069


MiraeAssetDaewooCoLtd 6 4.272 896 5 5 4.257 0.015

HSBC 7 3.762 789 7 8 3.571 0.191

NHInvestment&SecuritiesCoLtd 8 3.290 690 4 25 1.027 2.263

HanaFinancialGroupInc 9 3.162 663 5 17 2.237 0.925

GoldmanSachs 10 3.153 661 4 24 1.235 1.918

DBSGroup 11 3.075 645 6 6 3.970 -0.895

BankofChina 12 3.046 639 6 1 8.925 -5.879


WooriBank 14 2.859 600 4 7 3.843 -0.984

ShinhanFinancialGroupCoLtd 15 2.837 595 5 32 0.653 2.184



ChinaCindaAssetManagement 18 2.303 483 2 - - 2.303


ChinaCiticBank 20 1.895 398 2 9 3.349 -1.454

TOTAL 100% 20,975 48 100%

APACProjectFinanceLoans(Bookrunner)1st3Q2018 1st3Q2017


ChinaDevelopmentBank 1 21.175 10,018 2 - - 21.175



BankofChina 4 7.606 3,599 9 1 31.016 -23.410


HSBC 6 4.691 2,219 3 - - 4.691

AgriculturalBankofChina 7 4.432 2,097 1 5 4.293 0.139

StandardCharteredBank 8 4.227 2,000 2 - - 4.227



BankMandiri 11 2.422 1,146 6 53 0.107 2.315

AxisBankLtd 12 2.241 1,060 6 6 3.830 -1.589

BankCentralAsia 13 1.965 930 4 - - 1.965

YesBank 14 1.674 792 8 10 1.737 -0.063

NationalAustraliaBank 15 1.644 778 4 33 0.448 1.196


BankNegaraIndonesia(Persero)TbkPT 17 1.619 766 6 13 1.390 0.229

WestpacBanking 18 1.604 759 2 15 1.297 0.307

ANZBankingGroup 19 1.580 748 2 16 1.286 0.294

L&TFinancialServices 20 1.401 663 10 12 1.393 0.008

TOTAL 100% 47,309 82 100%

APACProjectFinanceLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017





BankofChina 4 5.137 4,014 18 1 23.981 -18.844






HSBC 10 2.494 1,949 12 21 1.067 1.427

DBSGroup 11 2.190 1,711 10 29 0.884 1.306

StateBankofIndia 12 2.162 1,690 5 2 9.257 -7.095




WestpacBanking 16 1.510 1,180 14 18 1.446 0.064


KoreaDevelopmentBank 18 1.366 1,068 6 10 2.499 -1.133

AxisBankLtd 19 1.357 1,060 6 9 2.551 -1.194


TOTAL 100% 78,152 140 100%



NorthAsiaLoans(Bookrunner)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

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

BankofChina 1 21.254 32,750 179 1 27.412 -6.158




HSBC 5 3.664 5,647 34 5 3.388 0.276

ChinaCiticBank 6 3.549 5,469 7 29 0.770 2.779


BankofTaiwan 8 2.922 4,503 34 10 2.219 0.703





ShinhanFinancialGroupCoLtd 13 1.855 2,858 25 9 2.286 -0.431


FubonFinancialHolding 15 1.547 2,384 25 16 1.516 0.031


BNPParibas 17 1.507 2,322 13 22 1.192 0.315

DBSGroup 18 1.485 2,288 21 17 1.508 -0.023

TaiwanCooperativeFinancialHoldingCoLtd

19 1.251 1,928 25 18 1.429 -0.178

WooriBank 20 1.244 1,916 9 40 0.550 0.694

TOTAL 100% 154,091 460 100%

NorthAsiaLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BankofChina 1 17.040 33,431 209 1 24.334 -7.294




HSBC 5 3.492 6,850 68 3 3.910 -0.418

ChinaCiticBank 6 3.015 5,915 12 15 1.662 1.353





DBSGroup 11 1.859 3,648 42 8 2.478 -0.619






BNPParibas 17 1.249 2,451 24 21 1.127 0.122

BankofEastAsia 18 1.240 2,432 26 23 1.079 0.161

WooriBank 19 1.205 2,364 13 58 0.344 0.861

BankofCommunications 20 1.190 2,335 28 11 2.146 -0.956

TOTAL 100% 196,184 541 100%

Australia/NewZealandBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017



NationalAustraliaBank 2 11.558 5,128 30 2 14.881 -3.323


HSBC 4 7.039 3,123 17 5 7.761 -0.722

WestpacBanking 5 6.608 2,932 18 4 11.022 -4.414



BankofChina 8 3.124 1,386 5 6 3.908 -0.784

DeutscheBank 9 2.439 1,082 2 - - 2.439

Citi 10 2.423 1,075 3 11 1.909 0.514

BNPParibas 11 2.385 1,058 5 10 1.974 0.411

INGGroep 12 2.275 1,009 3 20 1.060 1.215

CreditAgricoleCIB 13 2.135 947 4 7 2.954 -0.819


GoldmanSachs 15 1.579 701 3 19 1.133 0.446


Oversea-ChineseBankingCorp 17 1.238 549 3 - - 1.238

BankofAmericaMerrillLynch 18 1.105 490 2 - - 1.105

UnitedOverseasBank 19 1.073 476 3 30 0.390 0.683

CreditSuisse 20 0.936 415 2 23 0.688 0.248

DBSGroup 21 0.915 406 2 15 1.239 -0.324

TOTAL 100% 44,362 100 100%

Australia/NewZealandBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017





WestpacBanking 4 6.804 4,369 42 4 8.803 -1.999


BankofChina 6 4.269 2,741 26 6 4.666 -0.397

HSBC 7 4.266 2,739 23 5 4.787 -0.521



INGGroep 10 2.615 1,679 13 17 1.547 1.068



BNPParibas 13 2.254 1,447 15 18 1.501 0.753


Citi 15 2.055 1,319 9 14 1.907 0.148



DBSGroup 18 1.555 998 11 15 1.753 -0.198

DeutscheBank 19 1.270 816 5 - - 1.270

Natixis 20 1.218 782 7 20 1.308 -0.090

TOTAL 100% 64,208 149 100%



AustraliaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

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




WestpacBanking 4 7.332 3,503 17 3 11.270 -3.938


HSBC 6 6.103 2,915 14 5 9.073 -2.970


BankofChina 8 3.769 1,801 4 6 4.575 -0.806

INGGroep 9 2.778 1,327 3 13 1.858 0.920




Oversea-ChineseBankingCorp 13 1.549 740 3 - - 1.549


GoldmanSachs 15 1.507 720 2 21 1.296 0.211


DBSGroup 17 1.134 542 2 15 1.455 -0.321

CreditSuisse 18 1.029 492 1 17 1.410 -0.381

Rabobank 19 0.884 423 2 - - 0.884


TOTAL 100% 47,771 82 100%

AustraliaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017

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




WestpacBanking 4 6.868 4,909 39 3 8.110 -1.242


BankofChina 6 4.955 3,542 24 6 4.837 0.118

HSBC 7 4.109 2,937 20 7 4.722 -0.613





INGGroep 12 2.611 1,867 12 14 1.855 0.756


BNPParibas 14 1.787 1,278 12 17 1.680 0.107



RBCCapitalMarkets 17 1.274 910 7 25 0.897 0.377

DBSGroup 18 1.245 890 9 13 2.183 -0.938

GoldmanSachs 19 1.221 873 3 37 0.454 0.767

Citi 20 1.179 843 6 21 1.382 -0.203

TOTAL 100% 71,480 125 100%

NewZealandBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017



NationalAustraliaBank 2 11.639 291 1 2 27.822 -16.183

Citi 3 10.241 256 1 5 6.584 3.657

CommonwealthBankAustralia 4 2.994 75 2 4 8.075 -5.081

BNPParibas 5 0.698 17 1 - - 0.698

HSBC 5 0.698 17 1 - - 0.698



- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 2,496 10 100%

NewZealandBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017



Citi 2 6.019 256 1 5 6.504 -0.485




Rabobank 6 3.420 145 1 13 0.959 2.461


Natixis 7 2.280 97 1 - - 2.280


Industrial&CommBankofChina 9 2.141 91 1 7 2.289 -0.148

RBCCapitalMarkets 9 2.141 91 1 - - 2.141

SocieteGenerale 9 2.141 91 1 - - 2.141

WestpacBanking 9 2.141 91 1 2 14.272 -12.131

CommonwealthBankAustralia 14 1.759 75 2 4 8.429 -6.670

BNPParibas 15 0.410 17 1 - - 0.410

HSBC 15 0.410 17 1 6 5.454 -5.044

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,248 14 100%



ChinaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

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

BankofChina 1 35.852 182,409 163 1 52.318 -16.466


ChinaCiticBank 3 5.969 30,367 4 20 0.560 5.409



HSBC 6 3.847 19,574 18 6 2.887 0.960



DeutscheBank 9 1.646 8,373 4 17 0.924 0.722

DBSGroup 10 1.479 7,527 13 13 1.047 0.432

Natixis 11 1.380 7,023 5 18 0.677 0.703


CreditSuisse 13 1.265 6,435 4 14 1.036 0.229

FubonFinancialHolding 14 1.099 5,591 7 55 0.024 1.075

BNPParibas 15 1.027 5,224 4 26 0.395 0.632




IndustrialBank 19 0.754 3,836 3 31 0.261 0.493


TOTAL 100% 508,781 239 100%

ChinaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017

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

BankofChina 1 28.213 181,459 173 1 43.120 -14.907



ChinaCiticBank 4 4.936 31,748 7 11 1.989 2.947




HSBC 8 2.404 15,459 28 8 2.713 -0.309




DBSGroup 12 1.509 9,706 21 12 1.927 -0.418

BankofEastAsia 13 1.460 9,388 14 24 0.594 0.866


Natixis 15 1.093 7,032 6 45 0.212 0.881


CreditSuisse 17 0.981 6,308 4 16 1.168 -0.187


ChinaCindaAssetManagement 19 0.950 6,108 16 20 0.724 0.226


TOTAL 100% 643,165 265 100%

TaiwanBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

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

BankofTaiwan 1 18.228 3,829 30 1 20.338 -2.110



3 8.914 1,872 23 2 13.724 -4.810

LandBankofTaiwan 4 7.641 1,605 21 4 8.717 -1.076

TaishinFinancialHoldingCoLtd 5 4.990 1,048 12 7 5.746 -0.756

HuaNanFinancialHoldingsCoLtd 6 4.162 874 13 10 4.582 -0.420

ChangHwaCommercialBank 7 3.911 821 12 9 4.642 -0.731

FubonFinancialHolding 8 3.003 631 10 6 5.883 -2.880

BankofChina 9 2.961 622 4 - - 2.961

DBSGroup 10 2.942 618 6 18 0.374 2.568


CTBCBank 12 2.332 490 10 13 1.856 0.476

FirstCommercialBank 13 2.152 452 10 11 3.094 -0.942

ChinaDevelopmentBank 14 1.684 354 1 - - 1.684

TaiwanBusinessBank 15 1.543 324 6 8 4.655 -3.112

CathayUnitedBank 16 1.400 294 5 15 1.254 0.146

E.SunCommercialBank 17 1.391 292 8 14 1.639 -0.248

Citi 18 1.372 288 3 26 0.052 1.320

YuantaFinancialHoldingCoLtd 19 1.349 283 6 23 0.203 1.146

BNPParibas 20 1.122 236 3 5 5.984 -4.862

TOTAL 100% 21,003 85 100%

TaiwanBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

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

MegaFinancialHoldingCoLtd 1 11.229 2,429 30 2 13.262 -2.033

LandBankofTaiwan 2 8.665 1,874 31 4 9.736 -1.071

BankofTaiwan 3 8.271 1,789 33 1 13.641 -5.370


4 7.828 1,693 34 3 10.205 -2.377

HuaNanFinancialHoldingsCoLtd 5 5.702 1,233 24 7 5.363 0.339

TaishinFinancialHoldingCoLtd 6 4.946 1,070 17 8 5.293 -0.347

ChangHwaCommercialBank 7 4.849 1,049 24 10 4.409 0.440

DBSGroup 8 3.835 829 11 16 0.971 2.864

FubonFinancialHolding 9 3.333 721 16 9 4.756 -1.423

BankofChina 10 3.007 650 5 31 0.324 2.683

FirstCommercialBank 11 2.855 617 18 11 3.646 -0.791

CTBCBank 12 2.679 579 12 13 1.883 0.796

E.SunCommercialBank 13 2.471 534 13 14 1.684 0.787


YuantaFinancialHoldingCoLtd 15 2.351 508 13 23 0.462 1.889

SinoPacFinancialHoldingsCoLtd 16 2.167 469 9 17 0.801 1.366

KGIBank 17 1.900 411 9 25 0.400 1.500

TaiwanBusinessBank 18 1.781 385 8 5 6.350 -4.569

ChinaDevelopmentBank 19 1.635 354 1 - - 1.635

AgriculturalBankofTaiwan 20 1.341 290 8 15 1.202 0.139

TOTAL 100% 21,626 87 100%



HongKong/MacauLoans(Bookrunner)1st3Q2018 1st3Q2017


HSBC 1 9.809 5,103 25 2 9.548 0.261


BankofChina 3 8.005 4,165 15 4 7.224 0.781




BNPParibas 7 3.819 1,987 9 20 1.342 2.477




FubonFinancialHolding 11 1.960 1,020 7 12 2.465 -0.505

ChinaCiticBank 12 1.936 1,007 4 14 2.049 -0.113

DeutscheBank 13 1.740 905 4 15 2.010 -0.270



DBSGroup 16 1.603 834 6 11 2.990 -1.387

BankofEastAsia 17 1.562 813 6 35 0.536 1.026

ChinaMerchantsBank 18 1.550 806 4 5 6.503 -4.953

AgriculturalBankofChina 19 1.416 737 4 34 0.548 0.868

BankofCommunications 20 1.400 728 8 51 0.193 1.207

TOTAL 100% 52,025 79 100%

HongKong/MacauLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


HSBC 1 8.476 6,355 57 1 9.223 -0.747


BankofChina 3 6.598 4,947 39 2 7.818 -1.220




DBSGroup 7 3.337 2,502 21 7 4.760 -1.423


BankofEastAsia 9 2.950 2,212 23 11 2.630 0.320


BNPParibas 11 2.589 1,941 16 24 1.388 1.201

BankofCommunications 12 2.409 1,806 20 14 2.201 0.208





ShanghaiPudongDevelopmentBank 17 2.044 1,532 18 28 1.162 0.882




TOTAL 100% 74,973 123 100%

HongKongBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

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

HSBC 1 13.407 21,678 13 1 9.921 3.486

BankofChina 2 8.795 14,221 8 2 7.436 1.359






BNPParibas 8 4.292 6,940 3 27 1.116 3.176






DBSGroup 14 2.336 3,778 2 8 4.514 -2.178

BankofCommunications 15 2.046 3,308 5 - - 2.046

BankofEastAsia 16 1.996 3,227 3 38 0.582 1.414


ChinaCiticBank 17 1.855 3,000 1 10 2.848 -0.993



TOTAL 100% 161,693 35 100%

HongKongBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017

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

HSBC 1 12.126 35,316 38 1 11.096 1.030

BankofChina 2 9.138 26,613 24 2 7.359 1.779




DBSGroup 6 4.059 11,821 11 4 5.372 -1.313







BNPParibas 13 2.448 7,128 9 28 1.102 1.346


BankofEastAsia 15 2.340 6,814 11 7 3.506 -1.166


ShanghaiPudongDevelopmentBank 17 2.063 6,007 7 26 1.146 0.917


ChinaCiticBank 19 1.692 4,927 2 17 1.921 -0.229


TOTAL 100% 291,248 65 100%



SouthKoreaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

Firm RankMkt

Share(%)Volume(USD

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



ShinhanFinancialGroupCoLtd 3 11.883 2,858 25 3 12.993 -1.110

WooriBank 4 7.967 1,916 9 10 3.200 4.767

IndustrialBankofKorea 5 4.652 1,119 1 7 3.591 1.061

MiraeAssetDaewooCoLtd 6 4.573 1,100 5 5 4.983 -0.410

NHInvestment&SecuritiesCoLtd 7 2.985 718 5 6 4.387 -1.402

HanaFinancialGroupInc 8 2.513 605 4 4 5.868 -3.355

KBSecuritiesCoLtd 9 2.281 549 4 15 0.755 1.526

KoreaInvestment&SecuritiesCo 10 1.529 368 5 13 2.080 -0.551

SamsungSecuritiesCoLtd 11 1.199 288 1 9 3.242 -2.043

SamsungFire&MarineInsuranceCoLtd 12 1.154 278 1 - - 1.154

DaiwaSecurities 13 1.027 247 1 - - 1.027


KyoboLifeInsuranceCoLtd 15 0.611 147 1 11 2.565 -1.954

NationalAgriculturalCooperativeFederation 16 0.531 128 2 8 3.484 -2.953

HanwhaLifeInsuranceCoLtd 17 0.463 111 1 12 2.259 -1.796

NationalFederationofFisheriesCooperative

18 0.432 104 3 - - 0.432

HanwhaInvestment&SecuritiesCoLtd 19 0.419 101 1 - - 0.419


TOTAL 100% 24,054 79 100%

SouthKoreaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017




WooriBank 3 7.991 2,262 12 10 2.446 5.545


IndustrialBankofKorea 5 6.694 1,895 5 8 3.054 3.640

MiraeAssetDaewooCoLtd 6 5.150 1,458 7 6 4.696 0.454

HanaFinancialGroupInc 7 5.082 1,439 10 5 5.782 -0.700

NHInvestment&SecuritiesCoLtd 8 2.638 747 6 4 6.242 -3.604

KoreaInvestment&SecuritiesCo 9 2.503 709 9 13 1.784 0.719

KBSecuritiesCoLtd 10 2.446 693 5 18 0.645 1.801

SamsungFire&MarineInsuranceCoLtd 11 1.958 554 2 - - 1.958

HanwhaLifeInsuranceCoLtd 12 1.879 532 3 12 1.930 -0.051

NationalAgriculturalCooperativeFederation 13 1.500 425 4 7 3.461 -1.961

KyoboLifeInsuranceCoLtd 14 1.497 424 2 11 2.191 -0.694


SamsungSecuritiesCoLtd 16 1.268 359 2 9 2.984 -1.716

DBInsuranceCoLtd 17 0.977 277 1 - - 0.977

SamsungLifeInsuranceCoLtd 17 0.977 277 1 - - 0.977

BNKFinancialGroup 19 0.941 267 2 35 0.074 0.867

DaiwaSecurities 20 0.872 247 1 - - 0.872

TOTAL 100% 28,310 105 100%

IndiaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017

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

AxisBankLtd 1 12.029 124,382 15 2 14.852 -2.823

YesBank 2 9.109 94,184 16 6 4.493 4.616


L&TFinancialServices 4 6.302 65,162 19 5 5.013 1.289


DBSGroup 6 5.825 60,227 7 15 1.373 4.452



IndusindBankLtd 9 4.792 49,555 15 9 2.182 2.610

ICICI 10 3.434 35,507 7 3 9.706 -6.272


HSBC 12 3.118 32,239 5 11 1.526 1.592




Citi 16 2.208 22,828 4 13 1.415 0.793

DeutscheBank 17 1.927 19,925 3 22 0.643 1.284

Barclays 18 1.817 18,787 4 12 1.466 0.351

BNPParibas 19 1.656 17,121 3 17 1.112 0.544

KotakMahindraBankLtd 20 1.629 16,842 3 34 0.193 1.436

HDFCBank 21 1.535 15,875 3 18 1.095 0.440

JPMorgan 22 1.207 12,475 2 30 0.260 0.947

SocieteGenerale 22 1.207 12,475 2 - - 1.207

HousingDevelopmentFinanceCorp 24 1.148 11,875 2 - - 1.148

TataCapitalFinancialServicesLtd 24 1.148 11,875 2 - - 1.148

WestpacBanking 26 0.662 6,848 1 26 0.375 0.287


TOTAL 100% 1,034,015 85 100%

IndiaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017

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


AxisBankLtd 2 8.320 133,472 18 2 12.756 -4.436

IDBIBankLtd 3 6.607 106,000 1 24 0.658 5.949


YesBank 5 5.871 94,184 16 6 3.908 1.963


L&TFinancialServices 7 4.927 79,050 23 5 4.246 0.681


ICICI 9 4.026 64,591 9 3 9.152 -5.126

IndusindBankLtd 10 4.002 64,200 23 10 1.977 2.025

Citi 11 3.344 53,646 8 12 1.308 2.036

HSBC 12 3.305 53,016 9 14 1.250 2.055


DBSGroup 14 2.939 47,146 9 13 1.298 1.641



BNPParibas 17 2.046 32,822 7 19 1.007 1.039


Barclays 19 1.830 29,351 6 18 1.020 0.810

SumitomoMitsuiTrustHoldingsInc 20 1.256 20,154 3 - - 1.256

TOTAL 100% 1,604,260 112 100%



SingaporeBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


DBSGroup 1 12.940 2,016 10 1 11.336 1.604




Maybank 5 7.700 1,200 3 2 10.537 -2.837


HSBC 7 5.816 906 4 4 9.181 -3.365



WestpacBanking 10 2.973 463 2 18 1.514 1.459


INGGroep 12 2.658 414 3 14 1.921 0.737

Rabobank 13 1.935 302 3 14 1.921 0.014

CreditSuisse 14 1.668 260 2 - - 1.668



CIMB 17 1.214 189 1 20 1.495 -0.281

FirstAbuDhabiBankPJSC 18 1.214 189 2 - - 1.214

BNPParibas 19 1.134 177 1 - - 1.134

ABNAmroBankNV 20 0.963 150 1 5 6.557 -5.594

EmiratesNBDPJSC 21 0.733 114 1 - - 0.733

FirstRandLtd 21 0.733 114 1 - - 0.733

Industrial&CommBankofChina 21 0.733 114 1 - - 0.733

Natixis 21 0.733 114 1 24 0.668 0.065

NedbankLtd 21 0.733 114 1 - - 0.733

TOTAL 100% 15,582 28 100%

SingaporeBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


UnitedOverseasBank 1 13.724 3,494 22 1 17.647 -3.923


DBSGroup 3 11.674 2,972 27 2 13.954 -2.280

Maybank 4 5.534 1,409 8 5 5.756 -0.222


BankofChina 6 5.039 1,283 8 8 3.186 1.853



HSBC 9 3.725 948 8 6 4.976 -1.251


CIMB 11 2.731 695 2 55 0.204 2.527


BNPParibas 13 1.989 506 6 13 1.359 0.630

FirstAbuDhabiBankPJSC 14 1.758 447 5 22 0.661 1.097

INGGroep 15 1.678 427 8 28 0.493 1.185

HongLeongFinancialGroupBhd 16 1.651 420 2 16 0.855 0.796



AgriculturalBankofChina 19 1.368 348 3 19 0.702 0.666

WestpacBanking 20 1.112 283 2 19 0.702 0.410

TOTAL 100% 25,461 49 100%

IndonesiaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


BankMandiri 1 15.270 1,602 13 2 10.130 5.140


BankNegaraIndonesia(Persero)TbkPT 3 8.852 929 9 1 14.504 -5.652

CIMB 4 7.329 769 11 13 2.956 4.373



Oversea-ChineseBankingCorp 7 4.508 473 7 7 4.502 0.006



DBSGroup 10 3.941 413 9 11 3.194 0.747

BankRakyatIndonesiaPT 11 3.291 345 4 14 2.804 0.487

Maybank 12 3.190 335 6 8 3.605 -0.415

BNPParibas 13 3.110 326 7 15 2.445 0.665

INGGroep 14 2.908 305 5 27 0.715 2.193

Citi 15 2.634 276 5 12 3.039 -0.405


FirstAbuDhabiBankPJSC 17 1.566 164 2 - - 1.566


SaranaMultiInfrastrukturPerseroPT 19 1.254 132 1 - - 1.254

CTBCBank 20 1.149 121 3 9 3.517 -2.368

TOTAL 100% 10,491 39 100%

IndonesiaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


BankRakyatIndonesiaPT 1 14.709 2,324 5 7 4.375 10.334

BankMandiri 2 8.180 1,292 16 4 7.505 0.675


BankNegaraIndonesia(Persero)TbkPT 4 6.519 1,030 10 1 9.559 -3.040


CIMB 6 5.778 913 17 28 0.798 4.980



Oversea-ChineseBankingCorp 9 3.678 581 13 8 3.503 0.175


Maybank 11 2.963 468 8 16 1.733 1.230

DBSGroup 12 2.631 416 11 11 2.453 0.178


BNPParibas 14 2.524 399 10 15 1.936 0.588

HSBC 15 2.277 360 7 13 1.954 0.323


BangkokBankPCL 17 1.899 300 1 - - 1.899

Citi 18 1.693 268 6 20 1.477 0.216

SaranaMultiInfrastrukturPerseroPT 19 1.593 252 3 42 0.290 1.303

BankPermata 20 1.579 249 5 - - 1.579

TOTAL 100% 15,800 56 100%



MalaysiaBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017



HSBC 2 20.545 2,064 3 - - 20.545

MizuhoFinancial 3 20.421 2,052 3 - - 20.421


Oversea-ChineseBankingCorp 5 3.255 327 5 4 10.093 -6.838

INGGroep 6 2.087 210 2 - - 2.087


AmInvestmentBankBhd 8 1.427 143 1 13 1.219 0.208


Maybank 8 1.427 143 1 1 26.668 -25.241

BNPParibas 11 1.332 134 2 5 9.740 -8.408

Natixis 12 1.269 128 1 - - 1.269

DBSGroup 13 0.818 82 1 7 4.910 -4.092

SocieteGenerale 13 0.818 82 1 - - 0.818

Citi 15 0.514 52 1 - - 0.514

HongLeongBankBhd 15 0.514 52 1 - - 0.514


ICICI 18 0.343 34 1 - - 0.343

- - - - - - - -

- - - - - - - -

TOTAL 100% 10,046 12 100%

MalaysiaBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


Oversea-ChineseBankingCorp 1 17.794 2,381 15 1 19.172 -1.378




DBSGroup 5 10.129 1,355 4 22 1.042 9.087



HSBC 8 8.552 1,144 5 2 9.967 -1.415

AmInvestmentBankBhd 9 1.733 232 3 16 1.546 0.187

Maybank 10 1.624 217 3 5 6.877 -5.253

ChinaConstructionBank 11 1.071 143 1 19 1.294 -0.223

INGGroep 12 0.932 125 2 14 1.732 -0.800

BNPParibas 13 0.904 121 2 18 1.454 -0.550


BankofChina 15 0.607 81 2 7 5.152 -4.545

CIMB 16 0.462 62 2 8 4.636 -4.174

BangkokBankPCL 17 0.435 58 2 - - 0.435

RHB 18 0.430 58 2 12 2.138 -1.708

CathayUnitedBank 19 0.374 50 1 10 2.528 -2.154

DevelopmentBankofJapan 20 0.318 43 1 - - 0.318

Natixis 20 0.318 43 1 26 0.675 -0.357

TOTAL 100% 13,379 21 100%

ThailandBorrowerLoans(Bookrunner)1st3Q2018 1st3Q2017


CIMB 1 31.896 240 1 - - 31.896

Maybank 1 31.896 240 1 - - 31.896

Rabobank 3 18.575 140 1 3 10.900 7.675

StandardCharteredBank 4 17.633 133 1 - - 17.633

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 752 3 100%

ThailandBorrowerLoans(MandatedLeadArranger)1st3Q2018 1st3Q2017


CIMB 1 34.519 324 2 - - 34.519

Maybank 2 25.609 240 1 - - 25.609

KrungThaiBank 3 8.910 84 1 10 2.033 6.877


Rabobank 4 7.457 70 1 8 2.872 4.585

BankofChina 6 4.719 44 1 - - 4.719

StandardCharteredBank 6 4.719 44 1 - - 4.719

UnitedOverseasBank 6 4.719 44 1 - - 4.719

CreditAgricoleCIB 9 0.630 6 1 - - 0.630

KasikornbankPCL 9 0.630 6 1 4 10.241 -9.611

LandesbankHessen-ThuringenGirozentrale 9 0.630 6 1 - - 0.630

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 937 5 100%

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.

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