GLOBAL SYNDICATED LOANS LEAGUE TABLES
Q1 2017 Q1 2017 MANAGER RANKINGS GLOBAL SYNDICATED LOANS
CONTENTS 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 1. Global market review across more than 200 countries and 100 different currencies. 2. US market review LEAG
DATA SUBMISSIONS AND QUERIES
Contact Phone Email North America Paul Bandong +1 609 279 5187 [email protected] Latin America Michael Mandarino +1 646 324 4218 [email protected] Europe Katy Johnson +44 20 35250920 [email protected] Africa Bidemi Wale-Kuteyi +44 20 35257246 [email protected] Asia Pacific Xin Yu Chen +65 6212 1123 [email protected]
© 2017 Bloomberg Finance L.P. All rights reserved. Bloomberg Global Syndicated Loans | Q1 2017
Global Loans: Quarterly Volume
Deal Count Amount Global Syndicated Loans Review 1,400 2,500
2,000 1,000 Q1 2017 total Global Loans volume increased 10.25% to USD 916.3 Bln while the total number of deals decreased 22.56% to D D e e n n l l a a l l B B
1,394 deals year-on-year. Total Global Bridge Loans volume decreased 22.90% year-on-year to USD 54.9 Bln while the total C C D D o o u u S S n n U U 1,000 t t number of deals decreased 30.00% to 21. 500 Bank of America Merrill Lynch ranked as the top Global Loans bookrunner for Q1 2017 with 11.62% of credited market
share. The bank acted as bookrunner in 319 deals over the period. JP Morgan and Deutsche Bank ranked second and third 0 0 122 133 144 155 166 177 001 001 001 001 001 001 with 9.03% and 5.94% of credited market share, respectively. 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
Quarters Global Bridge Loans: Quarterly Volume Global Loans (Bookrunner) Deal Count Amount Q1 2017 Q1 2016 120 50
100 Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) 100 40 D D e e n n l l Bank of America Merrill Lynch 1 11.623 97,549 319 1 9.958 1.665 a a l l B B
C C D D o o u u JP Morgan 2 9.033 75,810 270 2 8.977 0.056 S S 50 n n U U 50 20 t t Deutsche Bank 3 5.940 49,851 162 6 3.640 2.300 Wells Fargo 4 5.294 44,430 202 3 6.041 -0.747
Citi 5 5.035 42,258 174 4 5.215 -0.180 0 0 122 133 144 155 166 177 001 001 001 001 001 001 Barclays 6 4.890 41,036 167 5 4.052 0.838 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ Goldman Sachs 7 4.374 36,712 140 9 2.440 1.934 HSBC 8 3.887 32,625 88 7 3.237 0.650 Quarters Credit Suisse 9 3.668 30,786 132 11 2.285 1.383 Global Sponsor-Led Loans: Quarterly Volume Morgan Stanley 10 3.370 28,281 109 10 2.331 1.039 TOTAL 100% 839,241 1,201 100% Deal Count Amount
300 600
200 400 D D e e n n a a Global Loans: Industry Breakdown l l l l
B B C C
o o D D u u S S n n U U t t 100 200 6% Industry Volume (USD Mln) % Of Total % YOY Change
Financials 160,993 17.6% -12.3% 0 0 18% 0 0 6% 122 133 144 155 166 177 001 001 001 001 001 001 Consumer Discretionary 144,924 15.8% 42.8% 22 22 22 22 22 22 11 11 11 11 11 11 7% Consumer Staples 117,363 12.8% 162.6% QQ QQ QQ QQ QQ QQ Communications 90,001 9.8% 84.0% Quarters 7% 16% Technology 80,932 8.8% 55.6% Materials 69,454 7.6% -35.2% Sukuk & Islamic Financing: Quarterly Volume 8% Industrials 66,744 7.3% -27.1% 9% Health Care 64,896 7.1% -1.6% Deal Count Amount 13% 30 30 10% Energy 57,747 6.3% -17.4% Utilities 53,627 5.9% -11.8%
20 20 D D Government 9,635 1.1% 88.4% e e n n l l a a l l B B
C C D D o o u u S S n n U U t t 10 10
0 0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
Quarters
Bloomberg League Table Reports Page 1 Bloomberg Global Syndicated Loans | Q1 2017
Global Loans (Bookrunner) Global Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 11.623 97,549 319 1 9.958 1.665 Bank of America Merrill Lynch 1 9.204 82,077 329 2 8.645 0.559 JP Morgan 2 9.033 75,810 270 2 8.977 0.056 JP Morgan 2 8.373 74,662 281 1 9.878 -1.505 Deutsche Bank 3 5.940 49,851 162 6 3.640 2.300 Citi 3 5.206 46,427 198 4 4.505 0.701 Wells Fargo 4 5.294 44,430 202 3 6.041 -0.747 Wells Fargo 4 5.041 44,956 211 3 4.759 0.282 Citi 5 5.035 42,258 174 4 5.215 -0.180 Barclays 5 4.892 43,620 184 8 2.586 2.306 Barclays 6 4.890 41,036 167 5 4.052 0.838 Deutsche Bank 6 4.786 42,679 174 6 3.505 1.281 Goldman Sachs 7 4.374 36,712 140 9 2.440 1.934 Goldman Sachs 7 4.140 36,915 144 11 2.169 1.971 HSBC 8 3.887 32,625 88 7 3.237 0.650 Credit Suisse 8 3.566 31,797 140 18 1.549 2.017 Credit Suisse 9 3.668 30,786 132 11 2.285 1.383 RBC Capital Markets 9 3.384 30,173 130 13 1.865 1.519 Morgan Stanley 10 3.370 28,281 109 10 2.331 1.039 Morgan Stanley 10 3.221 28,718 110 24 1.133 2.088 RBC Capital Markets 11 3.137 26,326 117 14 2.159 0.978 HSBC 11 2.963 26,420 128 7 2.808 0.155 BNP Paribas 12 2.033 17,066 85 12 2.263 -0.230 BNP Paribas 12 2.327 20,754 118 10 2.377 -0.050 Mitsubishi UFJ Financial Group Inc 13 1.980 16,620 92 8 3.085 -1.105 Mitsubishi UFJ Financial Group Inc 13 2.126 18,962 117 5 3.700 -1.574 BMO Capital Markets 14 1.778 14,923 81 16 1.709 0.069 Mizuho Financial 14 2.015 17,971 84 12 1.948 0.067 Kohlberg Kravis Roberts & Co 15 1.627 13,652 28 229 0.004 1.623 BMO Capital Markets 15 1.742 15,533 91 17 1.590 0.152 Mizuho Financial 16 1.594 13,377 62 17 1.677 -0.083 Kohlberg Kravis Roberts & Co 16 1.548 13,804 28 339 0.003 1.545 SunTrust Robinson Humphrey 17 1.424 11,954 79 31 0.804 0.620 Scotiabank 17 1.434 12,788 47 22 1.157 0.277 Scotiabank 18 1.282 10,762 42 24 1.149 0.133 SunTrust Robinson Humphrey 18 1.411 12,587 81 35 0.730 0.681 Jefferies 19 1.259 10,562 56 59 0.296 0.963 Jefferies 19 1.290 11,505 54 58 0.300 0.990 TD Securities 20 1.258 10,554 46 19 1.576 -0.318 ING Groep 20 1.230 10,972 70 16 1.630 -0.400 TOTAL 100% 839,241 1,201 100% TOTAL 100% 891,727 1,341 100%
Global Sponsor-Led Loans (Bookrunner) Global Sponsor-Led Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 7.958 16,888 75 1 6.065 1.893 Goldman Sachs 1 7.158 15,335 69 2 5.246 1.912 Goldman Sachs 2 7.344 15,585 70 2 5.958 1.386 Barclays 2 6.903 14,789 72 4 4.197 2.706 Deutsche Bank 3 6.919 14,684 71 14 3.054 3.865 Bank of America Merrill Lynch 3 6.858 14,691 73 1 6.354 0.504 Barclays 4 6.766 14,358 72 4 5.028 1.738 Deutsche Bank 4 6.787 14,540 74 14 2.738 4.049 Credit Suisse 5 6.652 14,117 68 3 5.127 1.525 Morgan Stanley 5 6.195 13,272 53 3 4.345 1.850 Morgan Stanley 6 6.261 13,288 53 7 4.090 2.171 Credit Suisse 6 6.121 13,112 69 5 4.123 1.998 JP Morgan 7 6.003 12,740 60 10 3.408 2.595 JP Morgan 7 6.044 12,947 60 6 3.873 2.171 Kohlberg Kravis Roberts & Co 8 5.888 12,495 23 80 0.043 5.845 Kohlberg Kravis Roberts & Co 8 5.904 12,648 23 109 0.040 5.864 RBC Capital Markets 9 4.850 10,293 54 17 2.446 2.404 RBC Capital Markets 9 5.508 11,799 54 18 2.402 3.106 Jefferies 10 4.091 8,683 46 12 3.212 0.879 Jefferies 10 4.513 9,669 45 9 3.549 0.964 Citi 11 4.011 8,512 43 6 4.212 -0.201 Citi 11 3.960 8,483 44 10 3.505 0.455 Wells Fargo 12 3.745 7,948 33 13 3.210 0.535 Wells Fargo 12 3.862 8,273 34 8 3.705 0.157 Nomura 13 3.251 6,899 28 15 2.841 0.410 Nomura 13 3.129 6,703 28 16 2.644 0.485 UBS 14 2.285 4,848 22 18 2.280 0.005 SunTrust Robinson Humphrey 14 2.206 4,725 23 22 1.354 0.852 SunTrust Robinson Humphrey 15 2.226 4,725 23 22 1.300 0.926 UBS 15 2.204 4,721 21 17 2.498 -0.294 HSBC 16 1.995 4,234 18 9 3.484 -1.489 Macquarie 16 1.816 3,891 30 13 3.023 -1.207 Macquarie 17 1.966 4,173 31 11 3.218 -1.252 BMO Capital Markets 17 1.706 3,656 34 15 2.727 -1.021 BMO Capital Markets 18 1.382 2,932 29 16 2.492 -1.110 BNP Paribas 18 1.398 2,994 20 11 3.348 -1.950 KeyBanc Capital Markets 19 1.301 2,761 23 34 0.722 0.579 HSBC 19 1.376 2,947 19 12 3.184 -1.808 BNP Paribas 20 1.217 2,583 18 5 4.510 -3.293 KeyBanc Capital Markets 20 1.365 2,924 24 32 0.758 0.607 TOTAL 100% 212,220 334 100% TOTAL 100% 214,222 346 100%
Bloomberg League Table Reports Page 2 Bloomberg Global Syndicated Loans | Q1 2017
Global Bridge Loans (Bookrunner) Global Bridge Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 20.163 10,922 6 2 15.152 5.011 HSBC 1 12.947 7,110 5 9 2.871 10.076 HSBC 2 18.921 10,249 5 6 7.540 11.381 Bank of America Merrill Lynch 2 7.597 4,172 7 1 14.498 -6.901 Deutsche Bank 3 11.612 6,290 4 4 12.616 -1.004 Citi 3 5.580 3,065 8 29 1.089 4.491 JP Morgan 4 4.074 2,207 5 15 0.401 3.673 JP Morgan 4 5.466 3,002 7 30 0.795 4.671 Citi 5 3.353 1,816 4 11 1.122 2.231 ING Groep 5 4.896 2,689 7 24 1.536 3.360 ING Groep 6 3.234 1,752 3 - - 3.234 Deutsche Bank 6 4.351 2,389 5 2 12.539 -8.188 Credit Suisse 7 3.042 1,648 2 8 6.313 -3.271 Commerzbank 7 4.103 2,253 4 6 3.056 1.047 Commerzbank 8 2.691 1,458 2 16 0.147 2.544 Banco Santander 8 3.923 2,155 4 5 3.156 0.767 Mizuho Financial 8 2.691 1,458 2 - - 2.691 Sumitomo Mitsui Financial 9 3.897 2,140 3 12 2.438 1.459 Credit Agricole CIB 10 2.552 1,382 1 - - 2.552 Mizuho Financial 10 3.767 2,069 3 10 2.570 1.197 Banco Santander 11 2.199 1,191 2 - - 2.199 UniCredit 11 3.591 1,972 4 18 1.788 1.803 UniCredit 12 2.174 1,178 2 7 6.461 -4.287 Bank of China 12 3.255 1,788 2 8 2.883 0.372 Lloyds Bank 13 2.172 1,176 1 - - 2.172 Scotiabank 12 3.255 1,788 2 27 1.405 1.850 Bank of China 13 2.172 1,176 1 14 0.505 1.667 Banco Bilbao Vizcaya Argentaria 12 3.255 1,788 2 - - 3.255 RBS 13 2.172 1,176 1 - - 2.172 Credit Suisse 15 3.001 1,648 2 7 3.003 -0.002 Barclays 13 2.172 1,176 1 1 15.707 -13.535 Barclays 16 2.784 1,529 2 13 2.149 0.635 Scotiabank 13 2.172 1,176 1 18 0.105 2.067 Societe Generale 16 2.784 1,529 2 41 0.319 2.465 Societe Generale 13 2.172 1,176 1 - - 2.172 RBS 18 2.478 1,361 2 17 1.852 0.626 Sumitomo Mitsui Financial 13 2.172 1,176 1 - - 2.172 Mitsubishi UFJ Financial Group Inc 19 2.267 1,245 3 4 5.977 -3.710 Banco Bilbao Vizcaya Argentaria 13 2.172 1,176 1 - - 2.172 Lloyds Bank 20 2.142 1,176 1 20 1.686 0.456 TOTAL 100% 54,170 17 100% TOTAL 100% 54,921 21 100%
Bloomberg League Table Reports Page 3 Bloomberg Global Syndicated Loans | Q1 2017
US Leveraged Finance: Quarterly Volume
US Leveraged Loans
US Loans Review US High Yield Corporate Bonds 600 Q1 2017 total US Loans volume increased 55.43% to USD 596.8 Bln while the total number of deals increased 3.77% to 825 deals year-on-year. Total US Leveraged Loans volume increased 150.22% year-on-year to USD 417.3 Bln while the total 400 n n
number of deals increased 37.74% to 584. l l B B
Bank of America Merrill Lynch ranked as the top US Loans bookrunner for Q1 2017 with 13.50% of credited market share. D D S S U U The bank acted as bookrunner in 297 deals over the period. JP Morgan and Wells Fargo ranked second and third with 200 11.85% and 7.58% of credited market share, respectively.
0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
US Loans (Bookrunner) Quarters
Q1 2017 Q1 2016 US Loans: Industry Breakdown Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 13.501 77,898 297 1 16.151 -2.650 Consumer Discretionary 18% 6% JP Morgan 2 11.849 68,367 246 2 16.147 -4.298 Financials 18% Wells Fargo 3 7.577 43,716 197 3 11.746 -4.169 6% 18% Barclays 4 6.117 35,293 148 5 4.210 1.907 Communications 12% 7% Citi 5 5.868 33,856 143 4 7.282 -1.414 Technology 11% Goldman Sachs 6 5.706 32,922 131 8 2.862 2.844 7% Deutsche Bank 7 5.464 31,525 131 7 3.171 2.293 Health Care 8% 18% Credit Suisse 8 4.511 26,028 121 10 2.373 2.138 8% Consumer Staples 8% Morgan Stanley 9 4.485 25,877 103 14 1.840 2.645 RBC Capital Markets 10 3.780 21,812 98 9 2.421 1.359 8% Industrials 7% 12% TOTAL 100% 576,990 777 100% 11% Utilities 7% Materials 6% US Loans: Quarterly Volume Energy 6% Others 0% Deal Count Amount 700 1,400
600 1,200 US Loans: Industry Breakdown
500 1,000 Industry Volume (USD Mln) % Of Total % YOY Change
D D Consumer Discretionary 108,343 18.2% 74.6% e e n n
400 800 a a
l l 400 800 l l
B B Financials 105,208 17.6% 9.9% C C
o o D D u u S S Communications 71,457 12.0% 234.8% n n U U
300 600 t t Technology 63,885 10.7% 55.4% Health Care 50,317 8.4% 123.6% 200 400 Consumer Staples 46,038 7.7% 99.3% Industrials 39,703 6.7% 2.9% 100 200 Utilities 38,893 6.5% 159.6% Materials 38,588 6.5% 30.1% 0 0 22 33 44 55 66 77 11 11 11 11 11 11 Energy 34,141 5.7% -1.6% 00 00 00 00 00 00 22 22 22 22 22 22 11 11 11 11 11 11 Q Q Q Q Q Q Government 250 0.0% 123.2%
Quarters
Bloomberg League Table Reports Page 4 Bloomberg Global Syndicated Loans | Q1 2017
US Loans (Bookrunner) US Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 13.501 77,898 297 1 16.151 -2.650 Bank of America Merrill Lynch 1 12.299 72,108 300 2 15.047 -2.748 JP Morgan 2 11.849 68,367 246 2 16.147 -4.298 JP Morgan 2 11.289 66,188 252 1 19.834 -8.545 Wells Fargo 3 7.577 43,716 197 3 11.746 -4.169 Wells Fargo 3 7.558 44,312 205 3 10.089 -2.531 Barclays 4 6.117 35,293 148 5 4.210 1.907 Barclays 4 6.215 36,439 149 5 3.878 2.337 Citi 5 5.868 33,856 143 4 7.282 -1.414 Citi 5 6.059 35,524 147 4 6.857 -0.798 Goldman Sachs 6 5.706 32,922 131 8 2.862 2.844 Goldman Sachs 6 5.645 33,099 130 8 2.637 3.008 Deutsche Bank 7 5.464 31,525 131 7 3.171 2.293 Deutsche Bank 7 5.270 30,898 130 7 3.106 2.164 Credit Suisse 8 4.511 26,028 121 10 2.373 2.138 Credit Suisse 8 4.499 26,377 120 9 2.193 2.306 Morgan Stanley 9 4.485 25,877 103 14 1.840 2.645 Morgan Stanley 9 4.446 26,069 101 14 1.844 2.602 RBC Capital Markets 10 3.780 21,812 98 9 2.421 1.359 RBC Capital Markets 10 4.030 23,629 100 13 1.900 2.130 Kohlberg Kravis Roberts & Co 11 2.156 12,442 27 87 0.008 2.148 Kohlberg Kravis Roberts & Co 11 2.148 12,594 27 97 0.008 2.140 SunTrust Robinson Humphrey 12 2.063 11,906 79 16 1.597 0.466 SunTrust Robinson Humphrey 12 2.139 12,539 81 16 1.611 0.528 Mitsubishi UFJ Financial Group Inc 13 2.002 11,554 64 6 3.856 -1.854 Mitsubishi UFJ Financial Group Inc 13 2.014 11,809 69 6 3.737 -1.723 Jefferies 14 1.757 10,138 55 29 0.534 1.223 BNP Paribas 14 1.939 11,370 41 18 1.469 0.470 BNP Paribas 15 1.753 10,117 36 17 1.499 0.254 Jefferies 15 1.890 11,082 53 27 0.593 1.297 US Bancorp 16 1.731 9,989 57 11 2.211 -0.480 US Bancorp 16 1.859 10,901 63 10 2.089 -0.230 HSBC 17 1.647 9,500 37 19 1.367 0.280 Mizuho Financial 17 1.596 9,357 38 12 1.911 -0.315 Nomura 18 1.522 8,780 29 30 0.509 1.013 Nomura 18 1.465 8,591 28 30 0.487 0.978 Mizuho Financial 19 1.410 8,134 34 13 1.916 -0.506 PNC Financial Services Group Inc 19 1.449 8,495 53 11 2.022 -0.573 UBS 20 1.409 8,130 36 35 0.323 1.086 BMO Capital Markets 20 1.380 8,093 66 15 1.617 -0.237 TOTAL 100% 576,990 777 100% TOTAL 100% 586,306 804 100%
US Loans - New Money (Bookrunner) US Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 15.279 24,582 137 1 15.484 -0.205 Bank of America Merrill Lynch 1 14.797 24,044 140 2 13.836 0.961 JP Morgan 2 10.572 17,008 105 2 12.915 -2.343 JP Morgan 2 10.635 17,281 110 1 17.038 -6.403 Wells Fargo 3 7.821 12,582 106 3 9.568 -1.747 Wells Fargo 3 7.969 12,950 110 3 8.742 -0.773 Barclays 4 7.273 11,700 74 5 5.058 2.215 Barclays 4 7.732 12,563 78 5 4.557 3.175 Citi 5 5.729 9,216 61 4 6.668 -0.939 Citi 5 6.040 9,815 64 4 6.587 -0.547 Credit Suisse 6 5.553 8,933 60 8 3.357 2.196 Credit Suisse 6 5.406 8,785 60 8 2.958 2.448 Goldman Sachs 7 4.855 7,810 57 6 4.315 0.540 Goldman Sachs 7 5.203 8,454 61 6 3.886 1.317 Deutsche Bank 8 4.466 7,184 55 7 4.008 0.458 Morgan Stanley 8 4.228 6,871 48 10 2.691 1.537 RBC Capital Markets 9 4.265 6,862 48 11 2.618 1.647 Deutsche Bank 9 4.013 6,521 53 7 3.746 0.267 Morgan Stanley 10 4.216 6,782 46 10 2.768 1.448 RBC Capital Markets 10 3.306 5,371 46 11 2.314 0.992 SunTrust Robinson Humphrey 11 3.062 4,926 51 18 1.300 1.762 SunTrust Robinson Humphrey 11 2.582 4,196 50 19 1.334 1.248 BNP Paribas 12 2.384 3,835 14 26 0.846 1.538 Mitsubishi UFJ Financial Group Inc 12 2.377 3,862 36 9 2.953 -0.576 Mitsubishi UFJ Financial Group Inc 13 2.165 3,484 31 9 3.303 -1.138 BNP Paribas 13 2.367 3,846 18 27 0.778 1.589 UBS 14 2.099 3,377 23 34 0.525 1.574 UBS 14 1.734 2,817 23 30 0.649 1.085 KeyBanc Capital Markets 15 1.505 2,421 30 19 1.288 0.217 Jefferies 15 1.404 2,282 30 25 0.913 0.491 Jefferies 16 1.386 2,230 29 27 0.823 0.563 US Bancorp 16 1.331 2,163 31 18 1.376 -0.045 HSBC 17 1.329 2,138 14 14 1.848 -0.519 PNC Financial Services Group Inc 17 1.313 2,134 27 15 1.598 -0.285 US Bancorp 18 1.320 2,124 29 17 1.501 -0.181 BMO Capital Markets 18 1.290 2,097 39 21 1.115 0.175 PNC Financial Services Group Inc 19 1.301 2,093 23 16 1.604 -0.303 KeyBanc Capital Markets 19 1.205 1,957 29 17 1.466 -0.261 BMO Capital Markets 20 1.295 2,083 33 24 0.902 0.393 Mizuho Financial 20 1.203 1,955 15 13 1.854 -0.651 TOTAL 100% 160,880 414 100% TOTAL 100% 162,492 425 100%
Bloomberg League Table Reports Page 5 Bloomberg Global Syndicated Loans | Q1 2017
US Investment Grade Loans (Bookrunner) US Investment Grade Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 20.462 24,144 49 2 16.459 4.003 Bank of America Merrill Lynch 1 17.950 21,554 51 2 14.963 2.987 JP Morgan 2 17.810 21,015 57 1 20.789 -2.979 JP Morgan 2 16.518 19,834 61 1 25.707 -9.189 Citi 3 8.266 9,753 34 3 11.055 -2.789 Wells Fargo 3 8.725 10,476 43 4 8.096 0.629 Wells Fargo 4 8.220 9,699 40 4 8.500 -0.280 Citi 4 8.720 10,471 37 3 10.359 -1.639 Mitsubishi UFJ Financial Group Inc 5 5.155 6,083 29 5 5.794 -0.639 Mitsubishi UFJ Financial Group Inc 5 5.353 6,427 31 5 5.303 0.050 Barclays 6 4.396 5,187 23 8 3.037 1.359 Barclays 6 4.907 5,892 24 8 2.928 1.979 Deutsche Bank 7 4.013 4,736 9 10 2.807 1.206 Mizuho Financial 7 4.399 5,283 20 6 3.920 0.479 BNP Paribas 8 3.570 4,213 11 11 2.626 0.944 BNP Paribas 8 3.925 4,713 12 11 2.460 1.465 Mizuho Financial 9 3.440 4,060 16 6 4.096 -0.656 Deutsche Bank 9 3.586 4,305 11 10 2.630 0.956 HSBC 10 2.747 3,242 8 21 0.650 2.097 US Bancorp 10 3.115 3,740 23 14 2.144 0.971 RBC Capital Markets 11 2.709 3,197 11 12 2.408 0.301 RBC Capital Markets 11 2.350 2,822 11 12 2.348 0.002 US Bancorp 12 2.587 3,053 21 14 2.241 0.346 Credit Suisse 12 2.228 2,676 8 16 1.048 1.180 PNC Financial Services Group Inc 13 1.576 1,860 10 15 1.594 -0.018 HSBC 13 1.877 2,254 9 22 0.609 1.268 Credit Suisse 14 1.520 1,794 6 16 1.119 0.401 PNC Financial Services Group Inc 14 1.699 2,041 12 15 1.494 0.205 UBS 15 1.403 1,655 2 34 0.144 1.259 Bank of China 15 1.510 1,813 6 27 0.381 1.129 Bank of China 16 1.377 1,625 4 28 0.314 1.063 Scotiabank 16 1.380 1,657 10 18 0.803 0.577 Scotiabank 17 1.245 1,469 9 18 0.759 0.486 Goldman Sachs 17 1.169 1,404 5 7 3.165 -1.996 Goldman Sachs 18 1.190 1,404 5 7 3.378 -2.188 SunTrust Robinson Humphrey 18 1.027 1,234 7 20 0.614 0.413 SunTrust Robinson Humphrey 19 1.045 1,234 7 20 0.656 0.389 TD Securities 19 1.009 1,211 6 9 2.844 -1.835 TD Securities 20 0.979 1,156 5 9 3.035 -2.056 Societe Generale 20 0.937 1,125 2 19 0.630 0.307 TOTAL 100% 117,997 89 100% TOTAL 100% 120,076 93 100%
US Investment Grade Loans - New Money (Bookrunner) US Investment Grade Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 34.578 11,563 22 2 16.879 17.699 Bank of America Merrill Lynch 1 31.181 10,734 23 2 14.388 16.793 JP Morgan 2 17.760 5,939 23 1 21.336 -3.576 JP Morgan 2 18.046 6,212 26 1 30.975 -12.929 Citi 3 7.307 2,444 12 4 7.249 0.058 Citi 3 7.365 2,535 14 4 6.335 1.030 Wells Fargo 4 5.949 1,989 16 3 8.843 -2.894 Mitsubishi UFJ Financial Group Inc 4 6.488 2,233 15 7 3.889 2.599 Mitsubishi UFJ Financial Group Inc 5 5.837 1,952 13 7 4.589 1.248 Wells Fargo 5 6.379 2,196 18 3 7.884 -1.505 Barclays 6 4.776 1,597 9 12 1.889 2.887 Barclays 6 5.454 1,878 12 12 1.743 3.711 BNP Paribas 7 4.074 1,362 5 17 1.033 3.041 BNP Paribas 7 5.120 1,762 6 17 0.903 4.217 US Bancorp 8 2.728 912 9 13 1.633 1.095 US Bancorp 8 2.860 984 11 13 1.514 1.346 HSBC 9 2.660 890 3 18 0.864 1.796 Mizuho Financial 9 2.075 714 7 8 3.834 -1.759 UBS 10 2.457 822 2 32 0.122 2.335 PNC Financial Services Group Inc 10 1.746 601 8 15 1.120 0.626 PNC Financial Services Group Inc 11 1.897 634 7 16 1.123 0.774 SunTrust Robinson Humphrey 11 1.474 507 5 27 0.335 1.139 SunTrust Robinson Humphrey 12 1.517 507 5 28 0.383 1.134 UniCredit 12 1.394 480 1 - - 1.394 KeyBanc Capital Markets 13 1.495 500 1 15 1.173 0.322 Goldman Sachs 13 1.323 456 2 5 5.261 -3.938 Goldman Sachs 14 1.246 417 1 5 6.020 -4.774 HSBC 14 0.957 330 3 18 0.755 0.202 Mizuho Financial 15 1.144 383 4 8 4.282 -3.138 Rabobank 15 0.855 294 3 14 1.179 -0.324 Rabobank 16 0.764 256 2 14 1.349 -0.585 Lloyds Bank 16 0.818 282 2 31 0.156 0.662 TD Securities 17 0.615 206 3 6 4.725 -4.110 UBS 17 0.760 262 2 34 0.107 0.653 Sumitomo Mitsui Financial 18 0.527 176 1 9 3.924 -3.397 TD Securities 18 0.743 256 4 6 4.129 -3.386 BMO Capital Markets 18 0.527 176 1 20 0.708 -0.181 Credit Suisse 19 0.726 250 2 23 0.562 0.164 RBC Capital Markets 20 0.523 175 2 10 2.840 -2.317 Scotiabank 20 0.522 180 4 20 0.702 -0.180 TOTAL 100% 33,440 37 100% TOTAL 100% 34,423 39 100%
Bloomberg League Table Reports Page 6 Bloomberg Global Syndicated Loans | Q1 2017
US Institutional Loans (Bookrunner) US Institutional Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 9.246 29,401 108 9 4.680 4.566 JP Morgan 1 9.157 29,260 109 4 6.698 2.459 Goldman Sachs 2 8.737 27,782 113 8 5.048 3.689 Goldman Sachs 2 8.748 27,954 112 9 4.081 4.667 Bank of America Merrill Lynch 3 8.440 26,837 122 2 9.142 -0.702 Barclays 3 8.318 26,579 107 2 8.772 -0.454 Barclays 4 8.357 26,576 108 1 9.794 -1.437 Bank of America Merrill Lynch 4 7.712 24,643 121 1 9.137 -1.425 Deutsche Bank 5 7.109 22,607 105 6 5.433 1.676 Deutsche Bank 5 7.057 22,550 102 8 5.112 1.945 Credit Suisse 6 6.789 21,588 101 4 6.887 -0.098 Morgan Stanley 6 6.711 21,445 81 7 5.511 1.200 Morgan Stanley 7 6.737 21,423 84 7 5.156 1.581 Credit Suisse 7 6.523 20,843 98 5 5.988 0.535 Citi 8 5.062 16,097 73 5 6.850 -1.788 RBC Capital Markets 8 5.170 16,519 70 17 1.911 3.259 RBC Capital Markets 9 4.679 14,880 70 16 2.096 2.583 Citi 9 5.045 16,122 72 6 5.846 -0.801 Kohlberg Kravis Roberts & Co 10 3.822 12,153 24 56 0.041 3.781 Kohlberg Kravis Roberts & Co 10 3.851 12,306 24 64 0.041 3.810 Wells Fargo 11 3.752 11,930 63 3 7.287 -3.535 Wells Fargo 11 3.753 11,992 64 3 7.164 -3.411 Jefferies 12 3.099 9,854 51 13 2.534 0.565 Jefferies 12 3.388 10,827 50 11 2.931 0.457 Nomura 13 2.613 8,309 28 14 2.329 0.284 Nomura 13 2.548 8,143 27 14 2.290 0.258 SunTrust Robinson Humphrey 14 2.307 7,336 53 17 1.872 0.435 SunTrust Robinson Humphrey 14 2.323 7,422 53 18 1.857 0.466 UBS 15 1.875 5,962 31 23 1.091 0.784 UBS 15 1.919 6,131 31 19 1.513 0.406 Macquarie 16 1.573 5,003 32 12 2.567 -0.994 Macquarie 16 1.477 4,721 31 12 2.523 -1.046 HSBC 17 1.410 4,482 22 15 2.215 -0.805 BNP Paribas 17 1.376 4,397 20 26 0.767 0.609 BNP Paribas 18 1.290 4,101 19 27 0.785 0.505 KeyBanc Capital Markets 18 1.231 3,934 32 21 1.446 -0.215 KeyBanc Capital Markets 19 1.159 3,687 29 19 1.385 -0.226 BMO Capital Markets 19 1.218 3,893 36 16 2.083 -0.865 BMO Capital Markets 20 1.083 3,443 34 18 1.437 -0.354 HSBC 20 1.014 3,240 21 15 2.161 -1.147 TOTAL 100% 317,987 415 100% TOTAL 100% 319,539 423 100%
US Institutional Loans - New Money (Bookrunner) US Institutional Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Barclays 1 10.123 9,187 53 1 11.034 -0.911 Barclays 1 10.884 9,693 55 1 10.407 0.477 Credit Suisse 2 8.826 8,010 51 3 8.143 0.683 Credit Suisse 2 8.591 7,650 51 3 7.441 1.150 JP Morgan 3 8.208 7,449 44 10 3.250 4.958 JP Morgan 3 8.577 7,638 46 10 3.510 5.067 Goldman Sachs 4 7.360 6,680 46 8 4.431 2.929 Goldman Sachs 4 7.914 7,048 48 8 3.782 4.132 Deutsche Bank 5 6.841 6,209 43 6 6.315 0.526 Bank of America Merrill Lynch 5 6.667 5,937 48 2 9.252 -2.585 RBC Capital Markets 6 6.495 5,895 34 14 2.464 4.031 Morgan Stanley 6 6.330 5,637 35 5 6.067 0.263 Morgan Stanley 7 6.208 5,634 35 7 5.607 0.601 Deutsche Bank 7 6.217 5,537 41 7 5.913 0.304 Bank of America Merrill Lynch 8 5.802 5,265 45 2 10.045 -4.243 Citi 8 6.011 5,353 30 6 5.935 0.076 Citi 9 5.297 4,808 29 4 7.188 -1.891 RBC Capital Markets 9 5.047 4,495 32 14 2.345 2.702 SunTrust Robinson Humphrey 10 3.911 3,550 32 17 1.421 2.490 Wells Fargo 10 3.276 2,917 28 4 6.318 -3.042 Wells Fargo 11 3.214 2,917 27 5 6.433 -3.219 SunTrust Robinson Humphrey 11 3.032 2,700 31 19 1.509 1.523 UBS 12 2.753 2,498 19 19 1.384 1.369 UBS 12 2.805 2,498 19 17 1.916 0.889 Jefferies 13 2.303 2,090 25 13 2.662 -0.359 Jefferies 13 2.405 2,142 26 11 3.172 -0.767 BNP Paribas 14 1.992 1,808 6 40 0.194 1.798 Nomura 14 1.646 1,466 11 13 2.901 -1.255 Nomura 15 1.759 1,596 12 12 2.953 -1.194 KeyBanc Capital Markets 15 1.510 1,344 16 20 1.502 0.008 Macquarie 16 1.594 1,446 15 11 3.013 -1.419 BNP Paribas 16 1.507 1,342 6 44 0.184 1.323 KeyBanc Capital Markets 17 1.552 1,409 18 18 1.396 0.156 Mizuho Financial 17 1.330 1,184 6 28 0.594 0.736 Mizuho Financial 18 1.305 1,184 6 27 0.619 0.686 Macquarie 18 1.308 1,165 14 12 2.959 -1.651 Citizens Financial Group Inc 19 1.251 1,135 20 20 1.147 0.104 Citizens Financial Group Inc 19 1.250 1,113 20 23 1.199 0.051 BMO Capital Markets 20 1.164 1,056 20 24 0.875 0.289 Capital One Financial 20 1.223 1,090 16 21 1.495 -0.272 TOTAL 100% 90,758 223 100% TOTAL 100% 89,055 224 100%
Bloomberg League Table Reports Page 7 Bloomberg Global Syndicated Loans | Q1 2017
US High Grade Loans (Bookrunner) US High Grade Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 19.572 4,457 21 1 29.298 -9.726 Bank of America Merrill Lynch 1 20.953 4,792 23 1 24.534 -3.581 JP Morgan 2 16.896 3,847 15 3 11.508 5.388 Wells Fargo 2 17.679 4,043 20 4 11.178 6.501 Wells Fargo 3 15.981 3,639 18 2 18.348 -2.367 JP Morgan 3 13.725 3,139 15 2 13.896 -0.171 Citi 4 11.435 2,604 10 4 11.399 0.036 Citi 4 11.135 2,547 10 3 11.210 -0.075 US Bancorp 5 4.838 1,102 7 10 2.080 2.758 PNC Financial Services Group Inc 5 4.554 1,042 7 10 2.846 1.708 Morgan Stanley 6 4.072 927 3 17 0.392 3.680 Morgan Stanley 6 4.054 927 3 20 0.569 3.485 Rabobank 7 3.660 833 1 - - 3.660 US Bancorp 7 3.790 867 7 11 2.242 1.548 BNP Paribas 7 3.660 833 1 - - 3.660 Rabobank 8 3.644 833 1 13 1.435 2.209 Mitsubishi UFJ Financial Group Inc 9 3.509 799 5 14 0.795 2.714 BNP Paribas 8 3.644 833 1 - - 3.644 Citizens Financial Group Inc 10 3.327 758 5 13 0.954 2.373 Citizens Financial Group Inc 10 3.312 758 5 14 1.333 1.979 PNC Financial Services Group Inc 11 2.062 470 3 11 1.354 0.708 Mitsubishi UFJ Financial Group Inc 11 2.444 559 4 16 0.769 1.675 TD Securities 12 1.713 390 2 - - 1.713 TD Securities 12 1.893 433 3 - - 1.893 State Street Corp 13 1.372 313 1 - - 1.372 State Street Corp 13 1.366 313 1 - - 1.366 Capital One Financial 14 1.244 283 2 5 5.302 -4.058 Capital One Financial 14 1.239 283 2 5 6.792 -5.553 Barclays 15 0.924 210 2 7 3.785 -2.861 KeyBanc Capital Markets 15 1.071 245 3 9 2.847 -1.776 HSBC 16 0.922 210 2 - - 0.922 Barclays 16 0.920 210 2 8 3.849 -2.929 KeyBanc Capital Markets 17 0.856 195 2 9 2.768 -1.912 HSBC 17 0.918 210 2 - - 0.918 RBS 18 0.659 150 1 20 0.223 0.436 RBS 18 0.656 150 1 18 0.677 -0.021 Banco Bilbao Vizcaya Argentaria 18 0.659 150 1 - - 0.659 Banco Bilbao Vizcaya Argentaria 18 0.656 150 1 - - 0.656 Regions Financial Corp 20 0.613 140 3 8 3.221 -2.608 Regions Financial Corp 20 0.610 140 3 7 4.549 -3.939 TOTAL 100% 22,769 51 100% TOTAL 100% 22,869 52 100%
US High Grade Loans - New Money (Bookrunner) US High Grade Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 24.491 1,629 10 2 23.381 1.110 Bank of America Merrill Lynch 1 22.338 1,525 10 3 13.958 8.380 Wells Fargo 2 21.141 1,406 11 1 26.517 -5.376 Wells Fargo 2 20.599 1,406 11 4 13.493 7.106 Citi 3 10.160 676 4 4 11.761 -1.601 JP Morgan 3 8.789 600 3 2 14.661 -5.872 JP Morgan 4 9.020 600 3 3 13.939 -4.919 Morgan Stanley 4 8.203 560 3 15 1.307 6.896 Morgan Stanley 5 8.469 563 3 11 1.074 7.395 Citi 4 8.203 560 3 1 24.096 -15.893 Rabobank 6 7.517 500 1 - - 7.517 Rabobank 6 7.324 500 1 11 1.883 5.441 BNP Paribas 6 7.517 500 1 - - 7.517 BNP Paribas 6 7.324 500 1 - - 7.324 Citizens Financial Group Inc 8 1.879 125 2 9 1.525 0.354 PNC Financial Services Group Inc 8 4.315 295 3 13 1.589 2.726 KeyBanc Capital Markets 8 1.879 125 1 7 2.831 -0.952 Capital One Financial 9 2.162 148 2 8 2.413 -0.251 Mitsubishi UFJ Financial Group Inc 10 1.718 114 3 - - 1.718 Citizens Financial Group Inc 10 1.831 125 2 10 2.178 -0.347 SunTrust Robinson Humphrey 11 1.672 111 2 15 0.436 1.236 KeyBanc Capital Markets 10 1.831 125 1 7 3.290 -1.459 US Bancorp 12 0.966 64 2 14 0.488 0.478 Mitsubishi UFJ Financial Group Inc 12 1.674 114 3 - - 1.674 Goldman Sachs 13 0.752 50 1 11 1.074 -0.322 SunTrust Robinson Humphrey 13 1.630 111 2 19 0.406 1.224 Regions Financial Corp 14 0.670 45 2 5 7.841 -7.171 US Bancorp 14 0.942 64 2 17 0.925 0.017 BB&T 15 0.545 36 1 15 0.436 0.109 Goldman Sachs 15 0.732 50 1 15 1.307 -0.575 PNC Financial Services Group Inc 15 0.545 36 1 10 1.089 -0.544 Regions Financial Corp 16 0.653 45 2 5 8.240 -7.587 RBS 17 0.215 14 1 - - 0.215 BB&T 17 0.531 36 1 9 2.237 -1.706 TD Securities 17 0.215 14 1 - - 0.215 RBS 18 0.209 14 1 - - 0.209 Capital One Financial 17 0.215 14 1 - - 0.215 TD Securities 18 0.209 14 1 - - 0.209 Banco Bilbao Vizcaya Argentaria 17 0.215 14 1 - - 0.215 Banco Bilbao Vizcaya Argentaria 18 0.209 14 1 - - 0.209 TOTAL 100% 6,652 21 100% TOTAL 100% 6,827 21 100%
Bloomberg League Table Reports Page 8 Bloomberg Global Syndicated Loans | Q1 2017
US Leveraged Loans (Bookrunner) US Leveraged Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 10.259 41,442 192 1 13.233 -2.974 JP Morgan 1 9.621 39,278 156 1 14.375 -4.754 JP Morgan 2 9.794 39,563 155 3 10.489 -0.695 Bank of America Merrill Lynch 2 9.358 38,203 191 2 12.829 -3.471 Goldman Sachs 3 7.678 31,018 123 9 3.361 4.317 Goldman Sachs 3 7.667 31,299 122 9 3.032 4.635 Barclays 4 7.288 29,439 121 4 6.500 0.788 Barclays 4 7.276 29,705 120 4 5.931 1.345 Deutsche Bank 5 6.476 26,160 119 6 4.457 2.019 Deutsche Bank 5 6.385 26,068 116 6 4.468 1.917 Morgan Stanley 6 5.958 24,068 95 8 3.706 2.252 Morgan Stanley 6 5.923 24,179 92 8 3.884 2.039 Credit Suisse 7 5.896 23,818 114 7 4.393 1.503 Wells Fargo 7 5.755 23,495 116 3 10.283 -4.528 Wells Fargo 8 5.764 23,283 112 2 12.893 -7.129 Credit Suisse 8 5.729 23,388 111 7 4.044 1.685 Citi 9 4.980 20,119 88 5 5.147 -0.167 Citi 9 4.998 20,405 88 5 4.607 0.391 RBC Capital Markets 10 4.425 17,874 82 10 3.355 1.070 RBC Capital Markets 10 4.839 19,753 83 12 2.221 2.618 Kohlberg Kravis Roberts & Co 11 3.080 12,442 27 67 0.018 3.062 Kohlberg Kravis Roberts & Co 11 3.085 12,594 27 77 0.018 3.067 SunTrust Robinson Humphrey 12 2.600 10,503 68 11 2.533 0.067 Jefferies 12 2.714 11,082 53 18 1.394 1.320 Jefferies 13 2.510 10,138 55 21 1.227 1.283 SunTrust Robinson Humphrey 13 2.644 10,792 69 10 2.639 0.005 Nomura 14 2.173 8,780 29 22 1.127 1.046 Nomura 14 2.104 8,591 28 22 1.105 0.999 UBS 15 1.603 6,475 34 28 0.610 0.993 UBS 15 1.631 6,659 34 26 0.880 0.751 BMO Capital Markets 16 1.427 5,764 48 15 1.709 -0.282 BMO Capital Markets 16 1.554 6,343 53 13 2.188 -0.634 HSBC 17 1.369 5,532 24 13 2.201 -0.832 BNP Paribas 17 1.380 5,636 25 25 0.891 0.489 Macquarie 18 1.292 5,221 37 18 1.388 -0.096 US Bancorp 18 1.241 5,065 27 19 1.367 -0.126 BNP Paribas 19 1.218 4,921 23 25 0.911 0.307 Macquarie 19 1.210 4,939 36 20 1.361 -0.151 US Bancorp 20 1.210 4,889 25 17 1.511 -0.301 KeyBanc Capital Markets 20 1.147 4,682 39 21 1.335 -0.188 TOTAL 100% 403,963 557 100% TOTAL 100% 408,242 570 100%
US Leveraged Loans - New Money (Bookrunner) US Leveraged Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Barclays 1 9.087 10,103 65 2 8.381 0.706 Barclays 1 9.652 10,676 65 2 7.843 1.809 JP Morgan 2 8.596 9,557 68 5 6.770 1.826 JP Morgan 2 8.640 9,556 70 3 7.293 1.347 Bank of America Merrill Lynch 3 8.101 9,007 87 1 11.596 -3.495 Bank of America Merrill Lynch 3 8.546 9,452 89 1 10.955 -2.409 Credit Suisse 4 7.765 8,633 58 6 6.206 1.559 Credit Suisse 4 7.490 8,285 57 6 5.765 1.725 Wells Fargo 5 6.733 7,485 63 3 7.383 -0.650 Goldman Sachs 5 6.960 7,699 57 9 3.618 3.342 Goldman Sachs 6 6.381 7,094 54 9 3.946 2.435 Wells Fargo 6 6.928 7,663 65 4 7.272 -0.344 Deutsche Bank 7 6.226 6,922 53 7 5.818 0.408 Morgan Stanley 7 5.625 6,222 43 8 5.285 0.340 RBC Capital Markets 8 5.905 6,565 43 10 3.142 2.763 Deutsche Bank 8 5.621 6,217 50 7 5.669 -0.048 Morgan Stanley 9 5.594 6,219 43 8 5.077 0.517 Citi 9 5.526 6,112 40 5 6.140 -0.614 Citi 10 4.894 5,441 38 4 7.133 -2.239 RBC Capital Markets 10 4.666 5,161 41 10 2.855 1.811 SunTrust Robinson Humphrey 11 3.822 4,249 42 16 1.869 1.953 SunTrust Robinson Humphrey 11 3.181 3,519 41 13 2.048 1.133 UBS 12 2.298 2,555 21 24 0.955 1.343 UBS 12 2.310 2,555 21 21 1.279 1.031 Jefferies 13 2.006 2,230 29 17 1.636 0.370 Jefferies 13 2.063 2,282 30 15 1.920 0.143 BNP Paribas 14 1.639 1,823 7 27 0.851 0.788 BMO Capital Markets 14 1.453 1,607 33 18 1.596 -0.143 Nomura 15 1.505 1,673 13 15 1.918 -0.413 Citizens Financial Group Inc 15 1.438 1,590 28 20 1.363 0.075 KeyBanc Capital Markets 16 1.443 1,605 24 18 1.362 0.081 KeyBanc Capital Markets 16 1.379 1,525 22 19 1.386 -0.007 BMO Capital Markets 17 1.428 1,587 28 22 1.130 0.298 Nomura 17 1.374 1,520 12 16 1.871 -0.497 Macquarie 18 1.374 1,528 18 13 2.021 -0.647 Capital One Financial 18 1.266 1,400 22 24 1.058 0.208 Citizens Financial Group Inc 19 1.365 1,518 28 19 1.298 0.067 HSBC 19 1.265 1,400 12 11 2.840 -1.575 HSBC 20 1.123 1,248 11 11 2.931 -1.808 BNP Paribas 20 1.261 1,394 8 27 0.827 0.434 TOTAL 100% 111,176 316 100% TOTAL 100% 110,608 321 100%
Bloomberg League Table Reports Page 9 Bloomberg Global Syndicated Loans | Q1 2017
US LBO Loans (Bookrunner) US LBO Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Credit Suisse 1 9.002 2,629 18 7 5.471 3.531 Credit Suisse 1 8.870 2,629 18 7 5.493 3.377 RBC Capital Markets 2 7.760 2,266 15 8 4.453 3.307 RBC Capital Markets 2 7.646 2,266 15 8 4.669 2.977 Barclays 3 7.274 2,124 20 4 6.921 0.353 Barclays 3 7.350 2,178 20 4 6.679 0.671 Deutsche Bank 4 7.043 2,057 16 13 3.189 3.854 Deutsche Bank 4 6.405 1,898 16 13 3.131 3.274 Bank of America Merrill Lynch 5 6.421 1,875 15 17 2.148 4.273 Jefferies 5 6.180 1,831 15 23 1.460 4.720 Jefferies 6 6.272 1,831 15 23 1.487 4.785 Bank of America Merrill Lynch 6 5.793 1,717 15 19 2.036 3.757 Morgan Stanley 7 5.226 1,526 9 5 6.100 -0.874 Morgan Stanley 7 5.150 1,526 9 5 5.995 -0.845 Nomura 8 4.728 1,381 6 6 5.722 -0.994 Antares Capital LP 8 4.773 1,415 16 16 2.547 2.226 Antares Capital LP 9 4.134 1,207 14 16 2.277 1.857 Nomura 9 4.658 1,381 6 6 5.618 -0.960 JP Morgan 10 3.926 1,147 10 11 4.084 -0.158 JP Morgan 10 4.051 1,201 10 11 4.010 0.041 Goldman Sachs 11 3.873 1,131 11 2 8.169 -4.296 Goldman Sachs 11 3.816 1,131 11 2 7.991 -4.175 Macquarie 12 3.289 960 13 1 8.634 -5.345 Macquarie 12 3.240 960 13 1 8.478 -5.238 UBS 13 3.279 958 5 14 2.727 0.552 UBS 13 3.231 958 5 14 2.604 0.627 Citizens Financial Group Inc 14 2.974 868 7 21 1.692 1.282 Citizens Financial Group Inc 14 2.930 868 7 20 1.661 1.269 Citi 15 2.542 742 7 3 7.917 -5.375 Citi 15 2.688 797 7 3 7.949 -5.261 KeyBanc Capital Markets 16 2.286 667 10 24 1.178 1.108 Kohlberg Kravis Roberts & Co 16 1.878 557 6 - - 1.878 Kohlberg Kravis Roberts & Co 17 1.906 557 6 - - 1.906 KeyBanc Capital Markets 17 1.871 555 8 26 0.785 1.086 Golub Capital LLC 18 1.805 527 5 18 2.144 -0.339 BMO Capital Markets 18 1.864 553 7 17 2.254 -0.390 SunTrust Robinson Humphrey 19 1.710 499 7 20 1.701 0.009 HSBC 19 1.826 541 6 10 4.141 -2.315 HSBC 20 1.668 487 6 10 4.271 -2.603 Golub Capital LLC 20 1.779 527 5 18 2.105 -0.326 TOTAL 100% 29,200 91 100% TOTAL 100% 29,635 94 100%
US LBO Loans - New Money (Bookrunner) US LBO Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Credit Suisse 1 12.284 2,720 15 6 6.478 5.806 Credit Suisse 1 12.073 2,720 15 6 6.466 5.607 RBC Capital Markets 2 9.763 2,162 11 8 4.979 4.784 RBC Capital Markets 2 9.595 2,162 11 8 5.210 4.385 Barclays 3 9.604 2,127 18 3 7.901 1.703 Barclays 3 9.568 2,156 17 4 7.576 1.992 Jefferies 4 6.661 1,475 12 20 1.761 4.900 Jefferies 4 6.776 1,527 13 20 1.719 5.057 Deutsche Bank 5 6.263 1,387 9 25 1.135 5.128 Deutsche Bank 5 6.155 1,387 9 24 1.108 5.047 Bank of America Merrill Lynch 6 5.204 1,152 8 21 1.663 3.541 JP Morgan 6 5.158 1,162 7 11 3.186 1.972 JP Morgan 7 5.004 1,108 7 11 3.264 1.740 Bank of America Merrill Lynch 7 5.004 1,127 7 21 1.538 3.466 UBS 8 4.691 1,039 5 13 2.935 1.756 Goldman Sachs 8 4.947 1,115 9 2 7.871 -2.924 Morgan Stanley 9 4.607 1,020 5 7 5.650 -1.043 UBS 9 4.610 1,039 5 14 2.779 1.831 Goldman Sachs 10 4.221 935 8 2 8.101 -3.880 Morgan Stanley 10 4.527 1,020 5 7 5.522 -0.995 Macquarie 11 3.891 862 11 1 10.224 -6.333 Macquarie 11 3.714 837 10 1 9.980 -6.266 Citi 12 2.508 555 5 4 7.802 -5.294 Citi 12 2.705 609 5 3 7.823 -5.118 Kohlberg Kravis Roberts & Co 13 2.458 544 5 - - 2.458 Kohlberg Kravis Roberts & Co 13 2.415 544 5 - - 2.415 HSBC 14 2.199 487 6 10 3.485 -1.286 HSBC 14 2.402 541 6 10 3.340 -0.938 Antares Capital LP 15 2.072 459 7 14 2.575 -0.503 Antares Capital LP 15 2.380 536 8 12 3.131 -0.751 Nomura 16 1.976 438 4 5 6.775 -4.799 Capital One Financial 16 1.969 444 5 47 0.014 1.955 Golub Capital LLC 17 1.844 408 4 15 2.539 -0.695 Nomura 17 1.942 438 4 5 6.613 -4.671 KeyBanc Capital Markets 18 1.824 404 8 23 1.309 0.515 BMO Capital Markets 18 1.903 429 5 16 2.173 -0.270 SunTrust Robinson Humphrey 19 1.592 352 5 17 2.014 -0.422 Golub Capital LLC 19 1.812 408 4 15 2.478 -0.666 BMO Capital Markets 20 1.586 351 4 16 2.241 -0.655 SunTrust Robinson Humphrey 20 1.565 352 5 19 1.823 -0.258 TOTAL 100% 22,142 66 100% TOTAL 100% 22,530 68 100%
Bloomberg League Table Reports Page 10 Bloomberg Global Syndicated Loans | Q1 2017
US Loans (Administrative Agent) US Loans - New Money (Administrative Agent) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 25.536 150,308 139 1 33.460 -7.924 Bank of America Merrill Lynch 1 22.756 38,975 79 2 23.621 -0.865 Bank of America Merrill Lynch 2 20.765 122,226 154 2 20.550 0.215 JP Morgan 2 21.186 36,286 59 1 26.714 -5.528 Wells Fargo 3 8.595 50,591 79 3 11.967 -3.372 Credit Suisse 3 7.943 13,604 28 6 3.583 4.360 Deutsche Bank 4 7.558 44,484 35 8 2.224 5.334 Deutsche Bank 4 7.217 12,361 16 7 3.230 3.987 Credit Suisse 5 7.026 41,358 48 6 2.694 4.332 Barclays 5 6.947 11,899 21 5 5.125 1.822 Citi 6 4.944 29,099 35 4 5.700 -0.756 Wells Fargo 6 6.639 11,370 49 3 9.235 -2.596 Barclays 7 4.937 29,061 31 5 2.896 2.041 Morgan Stanley 7 5.637 9,655 15 11 1.448 4.189 Morgan Stanley 8 3.780 22,252 25 13 1.059 2.721 Mitsubishi UFJ Financial Group Inc 8 4.863 8,330 8 8 2.934 1.929 Mitsubishi UFJ Financial Group Inc 9 2.059 12,120 12 7 2.339 -0.280 Citi 9 2.752 4,713 11 4 6.394 -3.642 Goldman Sachs 10 1.917 11,284 23 18 0.761 1.156 Jefferies 10 1.616 2,768 11 45 0.042 1.574 Jefferies 11 1.500 8,831 16 41 0.098 1.402 Goldman Sachs 11 1.579 2,705 14 12 1.405 0.174 Scotiabank 12 1.165 6,858 3 26 0.314 0.851 KeyBanc Capital Markets 12 1.476 2,528 16 10 1.529 -0.053 KeyBanc Capital Markets 13 0.995 5,857 29 9 1.761 -0.766 SunTrust Robinson Humphrey 13 1.121 1,920 15 15 1.091 0.030 RBC Capital Markets 14 0.787 4,631 11 20 0.575 0.212 RBC Capital Markets 14 0.962 1,648 8 16 0.875 0.087 SunTrust Robinson Humphrey 15 0.711 4,184 18 16 0.813 -0.102 Antares Capital LP 15 0.945 1,619 11 14 1.186 -0.241 BMO Capital Markets 16 0.683 4,022 19 14 1.014 -0.331 BMO Capital Markets 16 0.807 1,381 13 22 0.490 0.317 PNC Financial Services Group Inc 17 0.667 3,927 16 10 1.520 -0.853 General Electric Capital Corp 17 0.614 1,052 1 52 0.017 0.597 TD Securities 18 0.648 3,815 4 23 0.455 0.193 Citizens Financial Group Inc 18 0.605 1,036 13 21 0.527 0.078 Antares Capital LP 19 0.634 3,731 19 17 0.769 -0.135 BNP Paribas 19 0.559 958 3 37 0.143 0.416 RBS 20 0.527 3,101 1 - - 0.527 TD Securities 20 0.496 850 2 17 0.871 -0.375 TOTAL 100% 588,603 816 100% TOTAL 100% 171,271 440 100%
US Leveraged Loans (Administrative Agent) US Leveraged Loans - New Money (Administrative Agent) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 20.836 85,421 78 2 23.625 -2.789 Bank of America Merrill Lynch 1 19.880 23,325 54 1 27.408 -7.528 Bank of America Merrill Lynch 2 20.710 84,907 101 1 24.697 -3.987 JP Morgan 2 16.692 19,585 34 2 18.262 -1.570 Deutsche Bank 3 10.460 42,884 33 10 2.203 8.257 Credit Suisse 3 11.595 13,604 28 4 7.290 4.305 Credit Suisse 4 10.088 41,358 48 5 4.478 5.610 Deutsche Bank 4 10.535 12,361 16 12 1.918 8.617 Barclays 5 6.545 26,835 28 4 5.547 0.998 Barclays 5 9.757 11,449 20 3 8.547 1.210 Morgan Stanley 6 5.428 22,252 25 9 2.252 3.176 Morgan Stanley 6 8.229 9,655 15 9 2.613 5.616 Wells Fargo 7 4.374 17,934 38 3 10.696 -6.322 Wells Fargo 7 5.301 6,220 26 6 4.780 0.521 Citi 8 3.992 16,364 21 6 3.963 0.029 Jefferies 8 2.359 2,768 11 34 0.088 2.271 Goldman Sachs 9 2.655 10,884 22 12 1.691 0.964 Goldman Sachs 9 2.305 2,705 14 8 2.763 -0.458 Jefferies 10 2.154 8,831 16 28 0.232 1.922 Citi 10 1.752 2,056 6 5 5.735 -3.983 Scotiabank 11 1.673 6,858 3 37 0.097 1.576 SunTrust Robinson Humphrey 11 1.513 1,775 14 14 1.628 -0.115 SunTrust Robinson Humphrey 12 0.985 4,039 17 15 1.173 -0.188 RBC Capital Markets 12 1.405 1,648 8 13 1.834 -0.429 RBC Capital Markets 13 0.947 3,881 10 14 1.312 -0.365 Antares Capital LP 13 1.379 1,619 11 10 2.485 -1.106 Antares Capital LP 14 0.910 3,731 19 11 1.815 -0.905 KeyBanc Capital Markets 14 1.281 1,503 11 11 2.426 -1.145 KeyBanc Capital Markets 15 0.908 3,722 22 7 3.174 -2.266 BMO Capital Markets 15 0.885 1,038 11 16 0.916 -0.031 BMO Capital Markets 16 0.897 3,679 17 16 1.121 -0.224 Citizens Financial Group Inc 16 0.668 784 10 20 0.602 0.066 RBS 17 0.756 3,101 1 - - 0.756 TD Securities 17 0.639 750 1 - - 0.639 Nomura 18 0.691 2,833 2 - - 0.691 BNP Paribas 18 0.539 633 2 38 0.070 0.469 TD Securities 19 0.661 2,710 2 - - 0.661 Nomura 19 0.403 473 2 - - 0.403 HSBC 20 0.477 1,957 2 - - 0.477 Capital One Financial 20 0.339 398 7 19 0.684 -0.345 TOTAL 100% 409,974 576 100% TOTAL 100% 117,331 330 100%
Bloomberg League Table Reports Page 11 Bloomberg Global Syndicated Loans | Q1 2017
Canada Loans: Quarterly Volume
Deal Count Amount Canada Loans Review 100 200
Q1 2017 total Canada Loans volume decreased 12.10% to CAD 42.2 Bln while the total number of deals decreased 28.44% 80 150
to 78 deals year-on-year. Total Canada Loans - New Money volume increased 61.64% year-on-year to CAD 13.5 Bln while D D e e n n a a l l 60 l l B B
the total number of deals decreased 30.61% to 34. C C
D D 100 o o u u A A n n
BMO Capital Markets ranked as the top Canada Loans bookrunner for Q1 2017 with 22.88% of credited market share. The C C 40 40 t t bank acted as bookrunner in 22 deals over the period. CIBC and TD Securities ranked second and third with 21.03% and 50 18.78% of credited market share, respectively. 20
0 0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
Quarters
Canada Loans (Bookrunner) Canada Loans: Industry Breakdown Q1 2017 Q1 2016 5% Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Materials 17% BMO Capital Markets 1 22.882 9,532 22 1 16.521 6.361 6% 17% Government 17% CIBC 2 21.030 8,761 26 3 16.180 4.850 8% Consumer Discretionary 14% TD Securities 3 18.780 7,823 18 2 16.304 2.476 Scotiabank 4 15.509 6,461 17 5 13.918 1.591 8% Energy 13% 17% RBC Capital Markets 5 8.762 3,650 11 4 15.739 -6.977 Utilities 10% HSBC 6 3.066 1,277 4 7 4.438 -1.372 10% National Bank Financial Inc 7 2.691 1,121 12 6 5.919 -3.228 Industrials 8% 14% Barclays 8 1.429 595 1 19 0.077 1.352 13% Communications 8% JP Morgan 9 1.200 500 2 9 1.889 -0.689 Citi 10 1.163 485 2 8 2.025 -0.862 Financials 6% TOTAL 100% 41,659 73 100% Consumer Staples 5% Others 1%
Canada Loans - New Money (Bookrunner) Canada Loans: Bookrunner Rankings History
Q1 2017 Q1 2016 2017 2016 2015 25 Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
) 20
BMO Capital Markets 1 35.786 4,840 13 2 15.282 20.504 % (
e r
CIBC 2 30.254 4,092 13 6 7.341 22.913 a h S
TD Securities 3 10.720 1,450 8 1 20.230 -9.510 t e 10 k r
Scotiabank 4 5.504 745 5 3 14.429 -8.925 a M National Bank Financial Inc 5 4.223 571 8 4 11.062 -6.839
RBC Capital Markets 6 2.832 383 4 5 9.043 -6.211 0 s s k s t C e n t C Bank of America Merrill Lynch 7 2.768 374 2 11 2.206 0.562 e IB ti a e B rk C ri b rk S a u ia a H M c t M l e o l Credit Suisse 8 2.557 346 1 - - 2.557 a S c a it S it p D p a T a Wells Fargo 9 1.296 175 1 9 3.578 -2.282 C C O C M B JP Morgan 9 1.296 175 1 10 2.549 -1.253 B R TOTAL 100% 13,525 34 100%
Bloomberg League Table Reports Page 12 Bloomberg Global Syndicated Loans | Q1 2017
Canada Loans (Mandated Lead Arranger) Canada Loans - New Money (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) BMO Capital Markets 1 22.358 9,317 25 1 17.634 4.724 BMO Capital Markets 1 26.950 3,661 14 3 13.558 13.392 TD Securities 2 18.605 7,753 19 3 15.589 3.016 CIBC 2 19.224 2,612 13 4 9.960 9.264 CIBC 3 17.369 7,238 26 2 16.676 0.693 RBC Capital Markets 3 11.746 1,596 6 6 9.772 1.974 Scotiabank 4 15.395 6,416 16 5 14.006 1.389 TD Securities 4 10.964 1,489 9 1 16.915 -5.951 RBC Capital Markets 5 10.992 4,581 15 4 15.186 -4.194 HSBC 5 8.931 1,213 2 8 4.132 4.799 HSBC 6 5.581 2,326 5 7 4.381 1.200 Scotiabank 6 5.480 745 5 2 13.887 -8.407 National Bank Financial Inc 7 2.493 1,039 12 6 5.578 -3.085 National Bank Financial Inc 7 3.923 533 8 5 9.931 -6.008 Barclays 8 1.429 595 1 19 0.076 1.353 Bank of America Merrill Lynch 8 2.756 374 2 12 2.106 0.650 Citi 9 1.163 485 2 9 1.998 -0.835 Export Development Canada 9 2.546 346 1 - - 2.546 Desjardins Capital Markets 10 0.888 370 4 8 2.065 -1.177 Rabobank 10 1.678 228 1 20 0.117 1.561 Credit Suisse 11 0.830 346 1 - - 0.830 Wells Fargo 11 1.613 219 2 10 3.415 -1.802 Wells Fargo 12 0.763 318 4 10 1.165 -0.402 JP Morgan 12 1.290 175 1 11 2.433 -1.143 Bank of America Merrill Lynch 13 0.601 250 2 14 0.895 -0.294 Citi 12 1.290 175 1 9 4.007 -2.717 Rabobank 14 0.547 228 1 24 0.036 0.511 Desjardins Capital Markets 14 0.674 92 3 13 1.572 -0.898 Deutsche Bank 15 0.407 170 2 15 0.625 -0.218 Mitsubishi UFJ Financial Group Inc 15 0.216 29 1 7 5.837 -5.621 JP Morgan 16 0.123 51 1 12 0.940 -0.817 Korea Development Bank 15 0.216 29 1 - - 0.216 ATB Financial 17 0.096 40 1 - - 0.096 Bank of China 15 0.216 29 1 - - 0.216 Mitsubishi UFJ Financial Group Inc 18 0.070 29 1 11 1.071 -1.001 Morgan Stanley 18 0.096 13 1 - - 0.096 Korea Development Bank 18 0.070 29 1 - - 0.070 SunTrust Robinson Humphrey 18 0.096 13 1 - - 0.096 Bank of China 18 0.070 29 1 - - 0.070 Macquarie 18 0.096 13 1 - - 0.096 TOTAL 100% 41,674 73 100% TOTAL 100% 13,585 35 100%
Canada Loans (Administrative Agent) Canada Loans - New Money (Administrative Agent) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) CIBC 1 36.853 15,578 22 2 18.562 18.291 CIBC 1 49.034 6,914 11 8 2.377 46.657 BMO Capital Markets 2 19.014 8,037 13 3 14.977 4.037 BMO Capital Markets 2 20.421 2,880 8 3 17.393 3.028 TD Securities 3 18.497 7,819 10 4 13.907 4.590 Bank of America Merrill Lynch 3 11.184 1,577 1 1 18.909 -7.725 Scotiabank 4 15.980 6,755 10 1 27.312 -11.332 TD Securities 4 7.282 1,027 4 4 16.325 -9.043 National Bank Financial Inc 5 1.980 837 8 6 6.840 -4.860 National Bank Financial Inc 5 4.380 618 5 5 10.954 -6.574 RBC Capital Markets 6 1.923 813 3 5 9.474 -7.551 Wilmington Trust Co 6 3.655 515 1 - - 3.655 HSBC 7 1.899 803 2 8 1.968 -0.069 Credit Suisse 7 2.453 346 1 - - 2.453 Wilmington Trust Co 8 1.219 515 1 - - 1.219 Desjardins Capital Markets 8 1.274 180 3 11 0.999 0.275 Bank of America Merrill Lynch 9 1.091 461 1 7 5.578 -4.487 Scotiabank 9 0.316 45 2 2 17.559 -17.243 Credit Suisse 10 0.818 346 1 - - 0.818 ------Desjardins Capital Markets 11 0.453 191 3 9 0.467 -0.014 ------ATB Financial 12 0.189 80 1 - - 0.189 ------Macquarie 13 0.083 35 1 - - 0.083 ------TOTAL 100% 42,269 76 100% TOTAL 100% 14,101 36 100%
Bloomberg League Table Reports Page 13 Bloomberg Global Syndicated Loans | Q1 2017
Latin America Loans: Quarterly Volume
Deal Count Amount Latin America Loans Review 20 60 Q1 2017 total Latin America Loans volume decreased 62.01% to USD 2.7 Bln while the total number of deals decreased 15
68.00% to 8 deals year-on-year. 40 D D e e n n a a l l l l B B
ING Groep ranked as the top Latin America Loans bookrunner for Q1 2017 with 22.95% of credited market share. The bank C C
D D 10 o o u u S S n n
acted as bookrunner in 2 deals over the period. Mitsubishi UFJ Financial Group Inc and Mizuho Financial ranked second and U U t t third with 17.99% and 17.99% of credited market share, respectively. 20 5
0 0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
Quarters
Latin America Loans (Bookrunner) Latin America Loans: Industry Breakdown Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Utilities 51% 7% ING Groep 1 22.953 80 2 - - 22.953 Communications 28% Mitsubishi UFJ Financial Group Inc 2 17.987 63 1 3 10.544 7.443 14% Financials 14% Mizuho Financial 2 17.987 63 1 15 2.161 15.826 Bradesco BBI SA 4 17.917 62 1 - - 17.917 51% Energy 7% Banco Santander 4 17.917 62 1 2 13.790 4.127 Banco Itau BBA 6 5.036 18 1 9 4.027 1.009 28% Banco Nacional de Mexico SA 7 0.067 0.23 1 - - 0.067 Scotiabank 7 0.067 0.23 1 7 5.422 -5.355 Banco Bilbao Vizcaya Argentaria 7 0.067 0.23 1 1 20.121 -20.054 ------TOTAL 100% 347 4 100%
Latin America Loans (Mandated Lead Arranger) Latin America Loans: Bookrunner Rankings History
Q1 2017 Q1 2016 2017 2016 2015 25 Mkt Volume (USD Deal Prev Prev Mkt Mkt Share
Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) ) 20 % (
e Banco Nacional de Desen Economico e 1 30.675 816 1 - - 30.675 r a h S
Social t
e 10 k Banco Santander 2 28.760 765 2 4 7.505 21.255 r a Credit Suisse 3 6.953 185 2 - - 6.953 M Mitsubishi UFJ Financial Group Inc 4 6.369 169 2 7 6.189 0.180 0 p c l r Mizuho Financial 4 6.369 169 2 15 2.490 3.879 e n ia A e A o I c S d B r p n I n B G u a B ta o n B n u La Caixa 6 4.020 107 1 24 0.927 3.093 G r i a ta N G F o I I l o c S o ia h s o c c u e c n Sumitomo Mitsui Financial 6 4.020 107 1 8 4.935 -0.915 n z d n a a i ra a B in M B B F Banco Bilbao Vizcaya Argentaria 6 4.020 107 1 1 11.005 -6.985 J F U i ING Groep 9 2.998 80 2 17 1.875 1.123 h is b u s Bladex 10 2.819 75 1 - - 2.819 it M TOTAL 100% 2,660 8 100%
Bloomberg League Table Reports Page 14 Bloomberg Global Syndicated Loans | Q1 2017
EMEA Leveraged Finance: Quarterly Volume
EMEA Corporate High Yield Bonds (inc EM)
EMEA Loans Review EMEA Sponsor-led Leveraged Loans 90 Q1 2017 total EMEA Loans volume decreased 17.07% to EUR 190.9 Bln while the total number of deals decreased 44.37% to 262 deals year-on-year. Total EMEA Leveraged Loans volume increased 5.25% year-on-year to EUR 41.6 Bln while the n n
total number of deals decreased 2.53% to 77. l l
B B 50
50
Bank of America Merrill Lynch ranked as the top EMEA Loans bookrunner for Q1 2017 with 10.20% of credited market R R U U share. The bank acted as bookrunner in 29 deals over the period. Deutsche Bank and HSBC ranked second and third with E E 10.20% and 8.58% of credited market share, respectively.
0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
EMEA Loans (Bookrunner) Quarters
Q1 2017 Q1 2016 EMEA Loans: Industry Breakdown Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 10.202 16,733 29 28 1.180 9.022 Consumer Staples 30% 7% Deutsche Bank 2 10.197 16,725 35 13 3.068 7.129 Financials 14% HSBC 3 8.581 14,074 40 2 6.506 2.075 6% ING Groep 4 3.985 6,535 37 7 3.904 0.081 Consumer Discretionary 13% 6% 30% Societe Generale 5 3.659 6,002 36 11 3.488 0.171 Materials 11% Citi 6 3.548 5,819 23 9 3.593 -0.045 6% Credit Agricole CIB 7 3.541 5,808 39 8 3.724 -0.183 Communications 6% BNP Paribas 8 3.528 5,787 45 5 4.775 -1.247 6% Energy 6% UniCredit 9 3.456 5,669 36 3 6.461 -3.005 Commerzbank 10 3.421 5,610 24 12 3.455 -0.034 11% 14% Industrials 6% TOTAL 100% 164,012 193 100% 13% Health Care 6% Others 7% EMEA Loans: Quarterly Volume
Deal Count Amount 500 800
EMEA Loans: Industry Breakdown 400 600 Industry Volume (EUR Mln) % Of Total % YOY Change
300 D D Consumer Staples 57,980 30.4% 520.8%
300 e e n n a a l l l l
B B Financials 25,886 13.6% -23.1% C C
o o R R 400 u u U U Consumer Discretionary 25,740 13.5% 24.4% n n E E t t 200 Materials 20,226 10.6% -57.0% Communications 12,320 6.5% -27.1% 200 Energy 12,290 6.4% -37.1% 100 Industrials 11,696 6.1% -58.9% Health Care 11,252 5.9% -45.3% Technology 7,858 4.1% 30.4% 0 0 22 33 44 55 66 77 11 11 11 11 11 11 Government 2,823 1.5% 39.8% 00 00 00 00 00 00 22 22 22 22 22 22 11 11 11 11 11 11 Q Q Q Q Q Q Utilities 2,810 1.5% -89.2%
Quarters
Bloomberg League Table Reports Page 15 Bloomberg Global Syndicated Loans | Q1 2017
EMEA Loans (Bookrunner) EMEA Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 10.202 16,733 29 28 1.180 9.022 Deutsche Bank 1 5.914 10,638 48 7 3.462 2.452 Deutsche Bank 2 10.197 16,725 35 13 3.068 7.129 HSBC 2 4.659 8,381 58 2 4.444 0.215 HSBC 3 8.581 14,074 40 2 6.506 2.075 ING Groep 3 4.630 8,328 54 3 4.391 0.239 ING Groep 4 3.985 6,535 37 7 3.904 0.081 Citi 4 4.495 8,086 35 10 2.702 1.793 Societe Generale 5 3.659 6,002 36 11 3.488 0.171 BNP Paribas 5 4.427 7,964 69 1 4.579 -0.152 Citi 6 3.548 5,819 23 9 3.593 -0.045 Bank of America Merrill Lynch 6 4.160 7,483 34 20 1.712 2.448 Credit Agricole CIB 7 3.541 5,808 39 8 3.724 -0.183 UniCredit 7 3.775 6,791 49 6 3.874 -0.099 BNP Paribas 8 3.528 5,787 45 5 4.775 -1.247 Commerzbank 8 3.723 6,696 37 4 4.086 -0.363 UniCredit 9 3.456 5,669 36 3 6.461 -3.005 JP Morgan 9 3.469 6,240 33 14 2.328 1.141 Commerzbank 10 3.421 5,610 24 12 3.455 -0.034 Barclays 10 3.388 6,095 42 13 2.629 0.759 JP Morgan 11 3.024 4,960 26 16 2.105 0.919 Societe Generale 11 3.177 5,715 45 12 2.646 0.531 Barclays 12 2.861 4,693 25 1 6.954 -4.093 Banco Santander 12 3.077 5,535 36 11 2.685 0.392 Banco Santander 13 2.212 3,628 19 25 1.239 0.973 Mizuho Financial 13 2.862 5,149 23 17 2.055 0.807 Mizuho Financial 14 2.205 3,617 17 26 1.231 0.974 Credit Agricole CIB 14 2.754 4,953 53 5 3.914 -1.160 Goldman Sachs 15 2.124 3,484 20 31 0.821 1.303 Sumitomo Mitsui Financial 15 2.514 4,522 21 16 2.105 0.409 RBS 16 2.070 3,394 16 14 2.346 -0.276 RBS 16 2.356 4,238 32 9 2.795 -0.439 Lloyds Bank 17 1.987 3,259 9 17 2.036 -0.049 Banco Bilbao Vizcaya Argentaria 17 2.266 4,076 21 27 1.148 1.118 Banco Bilbao Vizcaya Argentaria 18 1.892 3,103 12 30 0.879 1.013 Scotiabank 18 1.996 3,590 11 31 0.944 1.052 Sumitomo Mitsui Financial 19 1.806 2,962 11 22 1.398 0.408 Goldman Sachs 19 1.951 3,510 24 28 1.017 0.934 Mitsubishi UFJ Financial Group Inc 20 1.521 2,495 13 18 2.025 -0.504 Bank of China 20 1.891 3,402 8 23 1.355 0.536 TOTAL 100% 164,012 193 100% TOTAL 100% 179,882 239 100%
EMEA Loans (Administrative Agent) Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) HSBC 1 30.906 53,067 9 2 11.469 19.437 Deutsche Bank 2 5.308 9,114 11 9 3.492 1.816 Citi 3 4.792 8,229 2 8 3.507 1.285 JP Morgan 4 4.529 7,777 7 29 0.988 3.541 Commerzbank 5 4.519 7,760 12 6 4.262 0.257 Bank of America Merrill Lynch 6 4.434 7,614 9 13 2.386 2.048 Barclays 7 4.277 7,345 9 1 11.680 -7.403 UniCredit 8 3.994 6,859 19 3 5.251 -1.257 Credit Agricole CIB 9 3.776 6,484 10 11 3.057 0.719 ING Groep 10 2.364 4,059 9 5 4.311 -1.947 RBS 11 2.328 3,997 13 4 4.375 -2.047 Banco Santander 12 2.062 3,541 9 22 1.320 0.742 Scotiabank 13 1.897 3,257 2 74 0.046 1.851 Rabobank 14 1.885 3,237 6 14 2.250 -0.365 BNP Paribas 15 1.864 3,201 7 7 3.647 -1.783 SEB 16 1.455 2,499 5 28 1.024 0.431 National Commercial Bank 17 1.288 2,211 2 - - 1.288 DNB ASA 18 1.194 2,050 3 25 1.123 0.071 National Bank of Egypt 19 1.171 2,011 6 30 0.876 0.295 Mizuho Financial 20 1.088 1,868 3 17 1.918 -0.830 TOTAL 100% 171,708 231 100%
Bloomberg League Table Reports Page 16 Bloomberg Global Syndicated Loans | Q1 2017
EMEA Leveraged Loans (Bookrunner) EMEA Leveraged Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Deutsche Bank 1 8.046 3,201 21 7 2.171 5.875 Deutsche Bank 1 7.541 3,027 23 18 2.236 5.305 Goldman Sachs 2 7.453 2,965 16 6 2.522 4.931 Goldman Sachs 2 6.938 2,785 15 17 2.808 4.130 Bank of America Merrill Lynch 3 6.044 2,404 15 24 0.654 5.390 JP Morgan 3 6.438 2,584 14 19 1.399 5.039 JP Morgan 4 5.973 2,376 13 12 1.405 4.568 Bank of America Merrill Lynch 4 5.885 2,362 15 29 0.963 4.922 Barclays 5 5.539 2,203 15 16 1.300 4.239 Barclays 5 5.578 2,239 16 24 1.124 4.454 BNP Paribas 6 5.090 2,025 16 5 4.965 0.125 BNP Paribas 6 5.396 2,166 17 1 6.295 -0.899 UBS 7 4.483 1,783 9 15 1.335 3.148 UBS 7 4.417 1,773 9 23 1.162 3.255 Credit Suisse 8 4.269 1,698 13 2 15.660 -11.391 UniCredit 8 4.047 1,624 14 6 4.872 -0.825 UniCredit 9 4.228 1,682 13 3 14.989 -10.761 Credit Suisse 9 4.038 1,621 15 4 5.022 -0.984 Nomura 10 4.088 1,626 9 18 1.183 2.905 Credit Agricole CIB 10 3.863 1,550 14 5 4.934 -1.071 Credit Agricole CIB 11 3.924 1,561 13 10 1.594 2.330 Nomura 11 3.549 1,424 9 27 1.069 2.480 Morgan Stanley 12 3.789 1,507 10 26 0.506 3.283 ING Groep 12 3.400 1,365 12 2 5.885 -2.485 HSBC 13 3.716 1,478 11 1 16.079 -12.363 Morgan Stanley 13 3.359 1,348 10 32 0.762 2.597 ING Groep 14 3.342 1,329 11 8 2.043 1.299 HSBC 14 3.264 1,310 12 3 5.773 -2.509 RBC Capital Markets 15 3.240 1,289 10 33 0.409 2.831 RBC Capital Markets 15 3.211 1,289 10 43 0.383 2.828 Kohlberg Kravis Roberts & Co 16 2.848 1,133 5 - - 2.848 Kohlberg Kravis Roberts & Co 16 2.822 1,133 5 - - 2.822 Natixis 17 2.693 1,071 9 14 1.345 1.348 Natixis 17 2.643 1,061 9 22 1.195 1.448 Societe Generale 18 2.575 1,024 10 17 1.280 1.295 Societe Generale 18 2.468 991 10 20 1.320 1.148 Citi 19 1.509 600 6 11 1.544 -0.035 Citi 19 1.723 692 8 21 1.304 0.419 Bank of Ireland 20 1.263 503 6 21 0.963 0.300 Rabobank 20 1.436 576 6 7 4.657 -3.221 TOTAL 100% 39,779 67 100% TOTAL 100% 40,137 71 100%
EMEA Sponsor-led Leveraged Loans (Bookrunner) EMEA Sponsor-led Leveraged Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Deutsche Bank 1 9.895 2,689 16 7 3.937 5.958 Deutsche Bank 1 9.235 2,526 18 6 3.853 5.382 Goldman Sachs 2 6.395 1,738 11 3 5.362 1.033 Goldman Sachs 2 6.270 1,715 11 4 5.652 0.618 UniCredit 3 6.189 1,682 13 6 4.025 2.164 BNP Paribas 3 6.087 1,665 13 1 6.788 -0.701 UBS 4 5.677 1,543 7 13 3.017 2.660 UniCredit 4 5.940 1,624 14 7 3.557 2.383 Barclays 5 5.576 1,515 12 22 1.971 3.605 Barclays 5 5.671 1,551 13 23 1.517 4.154 BNP Paribas 6 5.568 1,513 12 1 11.216 -5.648 UBS 6 5.642 1,543 7 13 2.439 3.203 JP Morgan 7 5.565 1,512 9 15 2.840 2.725 JP Morgan 7 5.530 1,512 9 11 2.693 2.837 Morgan Stanley 8 4.457 1,211 8 25 1.143 3.314 Credit Agricole CIB 8 4.297 1,175 11 5 3.929 0.368 Credit Agricole CIB 9 4.324 1,175 10 9 3.601 0.723 Kohlberg Kravis Roberts & Co 9 4.142 1,133 5 - - 4.142 Nomura 10 4.281 1,163 7 16 2.672 1.609 Bank of America Merrill Lynch 10 4.006 1,095 9 33 0.860 3.146 Kohlberg Kravis Roberts & Co 11 4.168 1,133 5 - - 4.168 Morgan Stanley 11 3.846 1,052 8 22 1.600 2.246 Bank of America Merrill Lynch 12 4.031 1,095 9 42 0.369 3.662 RBC Capital Markets 12 3.793 1,037 8 36 0.805 2.988 RBC Capital Markets 13 3.817 1,037 8 30 0.923 2.894 Nomura 13 3.672 1,004 7 16 2.244 1.428 Credit Suisse 14 3.770 1,024 10 4 4.909 -1.139 ING Groep 14 3.523 963 9 2 5.927 -2.404 ING Groep 15 3.717 1,010 9 5 4.616 -0.899 Credit Suisse 15 3.501 958 12 8 3.272 0.229 HSBC 16 2.917 793 7 2 6.822 -3.905 Natixis 16 2.703 739 6 12 2.509 0.194 Natixis 17 2.720 739 6 11 3.039 -0.319 HSBC 17 2.477 678 8 3 5.691 -3.214 Societe Generale 18 2.349 638 7 14 2.892 -0.543 Societe Generale 18 2.250 615 7 10 2.771 -0.521 Citi 19 1.746 474 5 17 2.522 -0.776 RBS 19 1.799 492 6 19 1.962 -0.163 Bank of Ireland 20 1.555 423 5 20 2.175 -0.620 Citi 20 1.729 473 6 20 1.896 -0.167 TOTAL 100% 27,177 54 100% TOTAL 100% 27,349 57 100%
Bloomberg League Table Reports Page 17 Bloomberg Global Syndicated Loans | Q1 2017
EMEA Investment Grade Loans (Bookrunner) EMEA Investment Grade Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Deutsche Bank 1 16.810 12,683 8 4 5.428 11.382 Deutsche Bank 1 8.245 6,489 15 1 7.018 1.227 Bank of America Merrill Lynch 2 12.217 9,217 8 23 0.833 11.384 Citi 2 6.712 5,283 14 4 4.650 2.062 HSBC 3 11.726 8,847 9 6 4.434 7.292 Commerzbank 3 6.468 5,091 15 2 5.651 0.817 Commerzbank 4 5.521 4,165 10 5 4.615 0.906 ING Groep 4 5.455 4,293 14 13 2.944 2.511 Citi 5 4.974 3,753 8 3 5.838 -0.864 Bank of America Merrill Lynch 5 4.767 3,752 12 12 3.105 1.662 ING Groep 6 3.710 2,799 10 9 2.985 0.725 UniCredit 6 4.694 3,694 13 18 2.308 2.386 RBS 7 3.707 2,797 8 12 2.575 1.132 HSBC 7 4.617 3,634 14 7 4.055 0.562 Societe Generale 8 3.408 2,571 8 16 2.000 1.408 Banco Santander 8 4.562 3,590 13 9 3.695 0.867 Lloyds Bank 9 3.305 2,494 4 24 0.782 2.523 Mizuho Financial 9 4.435 3,490 10 5 4.550 -0.115 UniCredit 10 3.168 2,390 7 11 2.594 0.574 Sumitomo Mitsui Financial 10 4.182 3,291 9 10 3.326 0.856 Mizuho Financial 11 3.129 2,361 8 10 2.953 0.176 Banco Bilbao Vizcaya Argentaria 11 3.853 3,032 6 23 1.765 2.088 Sumitomo Mitsui Financial 12 2.865 2,162 5 17 1.976 0.889 Bank of China 12 3.737 2,941 4 17 2.610 1.127 Banco Santander 13 2.861 2,158 8 14 2.038 0.823 Scotiabank 13 3.657 2,878 3 29 0.777 2.880 Barclays 14 2.860 2,157 6 1 17.014 -14.154 Barclays 14 3.411 2,685 13 8 4.008 -0.597 Credit Agricole CIB 15 2.642 1,993 6 15 2.007 0.635 RBS 15 3.224 2,537 11 6 4.174 -0.950 Banco Bilbao Vizcaya Argentaria 16 2.460 1,856 4 19 1.644 0.816 Societe Generale 16 3.166 2,491 11 24 1.744 1.422 Bank of China 17 2.350 1,773 2 28 0.711 1.639 BNP Paribas 17 2.695 2,121 13 11 3.203 -0.508 Scotiabank 17 2.350 1,773 2 36 0.394 1.956 Lloyds Bank 18 2.615 2,058 6 16 2.661 -0.046 Mitsubishi UFJ Financial Group Inc 19 1.989 1,500 8 7 3.660 -1.671 JP Morgan 19 2.464 1,939 8 20 2.257 0.207 BNP Paribas 20 1.615 1,218 8 8 3.120 -1.505 Mitsubishi UFJ Financial Group Inc 20 2.351 1,850 10 3 4.934 -2.583 TOTAL 100% 75,444 25 100% TOTAL 100% 78,700 30 100%
EMEA Institutional Loans (Bookrunner) EMEA Institutional Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 8.913 1,713 9 10 3.726 5.187 JP Morgan 1 9.997 1,921 10 9 3.726 6.271 Barclays 2 7.610 1,462 10 19 1.892 5.718 Deutsche Bank 2 7.875 1,513 16 4 5.358 2.517 Deutsche Bank 3 7.151 1,374 15 5 5.623 1.528 Barclays 3 7.610 1,462 10 17 2.355 5.255 Goldman Sachs 4 6.779 1,303 9 4 5.788 0.991 Bank of America Merrill Lynch 4 6.733 1,294 9 15 2.415 4.318 Bank of America Merrill Lynch 5 6.733 1,294 9 19 1.892 4.841 BNP Paribas 5 6.419 1,233 10 1 8.154 -1.735 BNP Paribas 6 6.473 1,244 10 1 11.759 -5.286 Credit Suisse 6 6.412 1,232 9 3 6.091 0.321 Credit Suisse 7 6.466 1,243 9 2 7.542 -1.076 Goldman Sachs 7 6.183 1,188 8 7 4.221 1.962 Morgan Stanley 8 5.226 1,004 9 23 1.621 3.605 Morgan Stanley 8 4.442 854 9 20 2.144 2.298 RBC Capital Markets 9 4.392 844 6 31 0.875 3.517 RBC Capital Markets 9 4.392 844 6 33 0.875 3.517 Credit Agricole CIB 10 4.113 790 7 16 2.454 1.659 Credit Agricole CIB 10 4.053 779 7 13 2.603 1.450 Nomura 11 3.504 673 6 12 3.233 0.271 Natixis 11 3.236 622 6 14 2.521 0.715 Natixis 12 3.290 632 6 14 2.568 0.722 HSBC 12 3.134 602 7 2 7.009 -3.875 HSBC 13 3.232 621 7 3 7.424 -4.192 Societe Generale 13 3.103 596 7 16 2.400 0.703 Societe Generale 14 3.206 616 7 18 2.148 1.058 Nomura 14 2.720 523 6 11 3.111 -0.391 ING Groep 15 2.725 524 5 7 4.300 -1.575 ING Groep 15 2.628 505 5 5 5.356 -2.728 Lloyds Bank 16 2.301 442 2 15 2.556 -0.255 Lloyds Bank 16 2.294 441 2 25 1.394 0.900 UBS 17 2.193 421 4 9 3.883 -1.690 UBS 17 2.139 411 4 10 3.680 -1.541 Rabobank 18 1.787 343 4 8 3.951 -2.164 Rabobank 18 1.737 334 4 6 4.500 -2.763 Scotiabank 19 1.719 330 2 - - 1.719 Scotiabank 19 1.719 330 2 - - 1.719 UniCredit 20 1.706 328 3 26 1.477 0.229 UniCredit 20 1.700 327 3 35 0.762 0.938 TOTAL 100% 19,215 35 100% TOTAL 100% 19,215 35 100%
Bloomberg League Table Reports Page 18 Bloomberg Global Syndicated Loans | Q1 2017
Western Europe Loans (Bookrunner) Western Europe Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 10.725 16,733 29 26 1.202 9.523 Deutsche Bank 1 6.375 10,638 48 7 3.716 2.659 Deutsche Bank 2 10.720 16,725 35 12 3.320 7.400 ING Groep 2 4.803 8,015 50 2 4.562 0.241 HSBC 3 8.509 13,275 37 2 6.840 1.669 Citi 3 4.744 7,917 32 12 2.826 1.918 ING Groep 4 4.066 6,344 35 8 4.000 0.066 HSBC 4 4.605 7,684 53 3 4.560 0.045 Societe Generale 5 3.847 6,002 36 13 3.234 0.613 BNP Paribas 5 4.567 7,622 66 1 4.984 -0.417 Credit Agricole CIB 6 3.694 5,763 38 7 4.029 -0.335 Bank of America Merrill Lynch 6 4.484 7,483 34 20 1.813 2.671 Citi 7 3.674 5,732 21 10 3.697 -0.023 Commerzbank 7 3.983 6,646 35 4 4.440 -0.457 Commerzbank 8 3.567 5,565 23 11 3.674 -0.107 UniCredit 8 3.884 6,481 45 6 3.971 -0.087 BNP Paribas 9 3.440 5,367 42 5 5.166 -1.726 JP Morgan 9 3.696 6,168 32 15 2.306 1.390 UniCredit 10 3.357 5,238 33 3 6.809 -3.452 Barclays 10 3.587 5,986 41 11 2.836 0.751 JP Morgan 11 3.133 4,889 25 15 2.278 0.855 Societe Generale 11 3.425 5,715 45 13 2.620 0.805 Barclays 12 3.008 4,693 25 1 7.364 -4.356 Banco Santander 12 3.178 5,303 35 10 2.955 0.223 Mizuho Financial 13 2.289 3,572 16 28 1.054 1.235 Mizuho Financial 13 3.061 5,107 22 16 2.121 0.940 Goldman Sachs 14 2.233 3,484 20 31 0.803 1.430 Credit Agricole CIB 14 2.943 4,912 52 5 4.170 -1.227 Banco Santander 15 2.176 3,396 18 24 1.340 0.836 Sumitomo Mitsui Financial 15 2.685 4,480 20 19 2.057 0.628 RBS 16 2.176 3,394 16 14 2.538 -0.362 RBS 16 2.540 4,238 32 9 3.090 -0.550 Lloyds Bank 17 2.089 3,259 9 17 2.203 -0.114 Banco Bilbao Vizcaya Argentaria 17 2.442 4,076 21 27 1.269 1.173 Banco Bilbao Vizcaya Argentaria 18 1.989 3,103 12 30 0.951 1.038 Scotiabank 18 2.151 3,590 11 31 1.044 1.107 Sumitomo Mitsui Financial 19 1.870 2,917 10 27 1.150 0.720 Goldman Sachs 19 2.103 3,510 24 29 1.054 1.049 Mitsubishi UFJ Financial Group Inc 20 1.570 2,450 12 18 1.828 -0.258 Bank of China 20 2.038 3,402 8 24 1.424 0.614 TOTAL 100% 156,015 171 100% TOTAL 100% 166,873 206 100%
German Borrower Loans (Bookrunner) German Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Commerzbank 1 21.269 3,191 15 1 27.086 -5.817 Commerzbank 1 16.515 2,623 17 2 15.823 0.692 UniCredit 2 11.661 1,750 12 2 16.853 -5.192 Citi 2 9.764 1,551 2 4 7.258 2.506 Citi 3 9.997 1,500 1 3 12.207 -2.210 UniCredit 3 9.574 1,521 14 3 7.635 1.939 Deutsche Bank 4 9.095 1,365 8 5 6.484 2.611 Deutsche Bank 4 9.035 1,435 10 6 3.701 5.334 ING Groep 5 4.993 749 5 10 2.003 2.990 Goldman Sachs 5 4.170 662 3 - - 4.170 BNP Paribas 6 4.908 736 4 6 5.131 -0.223 Bank of America Merrill Lynch 6 3.787 601 5 - - 3.787 Bank of America Merrill Lynch 7 4.480 672 4 - - 4.480 Landesbank Baden-Wuerttemberg 7 3.715 590 6 5 4.641 -0.926 Goldman Sachs 8 4.076 612 2 - - 4.076 BNP Paribas 8 3.586 570 7 9 2.191 1.395 Landesbank Baden-Wuerttemberg 9 3.543 532 4 4 11.371 -7.828 DZ Bank 9 3.535 561 6 13 1.163 2.372 JP Morgan 10 2.456 368 1 - - 2.456 ING Groep 10 3.384 537 6 8 2.910 0.474 Credit Agricole CIB 11 2.393 359 2 14 1.140 1.253 Societe Generale 11 2.502 397 5 - - 2.502 Mitsubishi UFJ Financial Group Inc 12 2.232 335 2 11 1.722 0.510 Credit Agricole CIB 12 2.327 370 3 10 1.622 0.705 Sumitomo Mitsui Financial 13 2.160 324 1 15 0.953 1.207 JP Morgan 13 2.320 368 1 1 37.938 -35.618 Banco Bilbao Vizcaya Argentaria 13 2.160 324 1 11 1.722 0.438 Mizuho Financial 14 2.272 361 3 - - 2.272 Rabobank 13 2.160 324 1 - - 2.160 Barclays 15 1.903 302 4 - - 1.903 HSBC 16 1.991 299 2 20 0.313 1.678 Morgan Stanley 16 1.851 294 2 - - 1.851 Morgan Stanley 17 1.621 243 1 - - 1.621 Sumitomo Mitsui Financial 17 1.846 293 3 20 0.648 1.198 Landesbank Hessen-Thuringen 18 1.573 236 2 13 1.465 0.108 SEB 18 1.809 287 4 15 1.097 0.712 Girozentrale Mitsubishi UFJ Financial Group Inc 19 1.739 276 3 12 1.329 0.410 DZ Bank 19 1.532 230 2 19 0.412 1.120 HSBC 20 1.726 274 3 16 0.940 0.786 Societe Generale 20 1.372 206 2 - - 1.372 TOTAL 100% 15,882 25 100% TOTAL 100% 15,003 24 100%
Bloomberg League Table Reports Page 19 Bloomberg Global Syndicated Loans | Q1 2017
Nordic Borrower Loans (Bookrunner) Nordic Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Deutsche Bank 1 19.319 1,556 3 - - 19.319 Nordea 1 18.280 1,579 13 1 16.765 1.515 Credit Agricole CIB 2 17.539 1,412 2 14 0.608 16.931 Danske Bank 2 11.068 956 7 3 9.703 1.365 Nordea 3 15.911 1,281 10 1 24.267 -8.356 SEB 3 7.232 625 8 2 14.330 -7.098 Danske Bank 4 9.720 783 6 2 20.193 -10.473 BNP Paribas 4 5.708 493 4 9 3.758 1.950 BNP Paribas 5 3.970 320 3 8 4.528 -0.558 JP Morgan 5 5.548 479 4 - - 5.548 JP Morgan 6 3.799 306 3 - - 3.799 Deutsche Bank 6 4.967 429 3 - - 4.967 SEB 7 3.275 264 4 4 11.128 -7.853 UniCredit 7 4.158 359 2 33 0.232 3.926 HSBC 8 3.175 256 2 - - 3.175 RBS 8 4.116 356 3 10 3.518 0.598 Nomura 9 2.639 213 1 - - 2.639 Credit Agricole CIB 9 3.960 342 3 11 2.564 1.396 UniCredit 10 2.308 186 1 - - 2.308 Swedbank 10 3.667 317 4 6 5.675 -2.008 Credit Suisse 10 2.308 186 1 - - 2.308 HSBC 11 2.960 256 2 - - 2.960 Svenska Handelsbanken 12 2.263 182 2 11 1.582 0.681 Citi 12 2.816 243 2 12 1.892 0.924 RBS 12 2.263 182 2 6 5.533 -3.270 Svenska Handelsbanken 13 2.753 238 3 7 4.982 -2.229 Barclays 12 2.263 182 2 - - 2.263 Nomura 14 2.460 213 1 - - 2.460 Mizuho Financial 15 2.190 176 2 - - 2.190 Credit Suisse 15 2.151 186 1 - - 2.151 Swedbank 16 1.781 143 3 13 0.776 1.005 Barclays 16 2.110 182 2 - - 2.110 DNB ASA 17 1.491 120 2 3 12.353 -10.862 Mizuho Financial 17 2.042 176 2 24 0.966 1.076 Morgan Stanley 18 0.868 70 1 - - 0.868 Bank of America Merrill Lynch 18 2.007 173 1 - - 2.007 Citi 18 0.868 70 1 7 4.925 -4.057 ING Groep 18 2.007 173 1 8 4.076 -2.069 Goldman Sachs 18 0.868 70 1 - - 0.868 Standard Chartered Bank 18 2.007 173 1 - - 2.007 TOTAL 100% 8,052 12 100% TOTAL 100% 8,637 16 100%
Benelux Borrower Loans (Bookrunner) Benelux Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Deutsche Bank 1 20.997 5,981 9 5 9.320 11.677 Deutsche Bank 1 15.602 5,000 11 1 8.373 7.229 BNP Paribas 2 5.653 1,610 8 6 3.954 1.699 Citi 2 6.636 2,127 9 30 0.755 5.881 JP Morgan 3 5.619 1,601 5 18 0.868 4.751 BNP Paribas 3 5.603 1,796 11 3 6.563 -0.960 Morgan Stanley 4 5.400 1,538 5 - - 5.400 JP Morgan 4 5.381 1,725 7 19 1.641 3.740 Bank of America Merrill Lynch 5 5.025 1,432 5 21 0.625 4.400 Credit Suisse 5 5.181 1,660 5 10 3.812 1.369 ING Groep 6 4.961 1,413 10 8 3.293 1.668 Morgan Stanley 6 4.937 1,582 6 60 0.032 4.905 Rabobank 7 4.461 1,271 7 1 16.293 -11.832 ING Groep 7 4.626 1,482 13 2 6.659 -2.033 Goldman Sachs 8 4.053 1,154 6 28 0.460 3.593 Bank of America Merrill Lynch 8 4.603 1,475 6 25 1.081 3.522 Citi 9 3.988 1,136 6 26 0.505 3.483 Rabobank 9 4.384 1,405 9 4 5.458 -1.074 ABN Amro Bank NV 10 3.732 1,063 7 17 0.923 2.809 Goldman Sachs 10 3.938 1,262 9 47 0.139 3.799 Credit Agricole CIB 11 3.423 975 5 25 0.531 2.892 ABN Amro Bank NV 11 3.331 1,067 8 18 2.138 1.193 Societe Generale 12 3.370 960 4 - - 3.370 Credit Agricole CIB 12 3.179 1,019 6 8 4.095 -0.916 Credit Suisse 13 3.198 911 3 3 14.646 -11.448 Societe Generale 13 3.090 990 5 40 0.469 2.621 RBC Capital Markets 14 3.168 903 4 32 0.159 3.009 RBC Capital Markets 14 2.953 946 5 - - 2.953 Barclays 15 2.940 838 4 37 0.083 2.857 Barclays 15 2.906 931 6 57 0.075 2.831 Scotiabank 16 2.396 683 2 10 1.123 1.273 Banco Santander 16 2.137 685 4 12 3.249 -1.112 Banco Santander 17 2.051 584 2 - - 2.051 Mizuho Financial 17 2.004 642 3 24 1.107 0.897 Mizuho Financial 18 1.722 490 2 23 0.553 1.169 Scotiabank 18 1.942 622 2 11 3.698 -1.756 UniCredit 19 1.488 424 3 4 14.578 -13.090 HSBC 19 1.389 445 5 6 4.449 -3.060 HSBC 20 1.318 375 3 2 15.462 -14.144 UniCredit 20 1.256 403 3 7 4.327 -3.071 TOTAL 100% 28,486 28 100% TOTAL 100% 32,046 36 100%
Bloomberg League Table Reports Page 20 Bloomberg Global Syndicated Loans | Q1 2017
Central & Eastern European Borrower Loans (Bookrunner) Central & Eastern European Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) UniCredit 1 20.343 464 4 2 9.919 10.424 UniCredit 1 16.524 468 6 1 8.435 8.089 ING Groep 2 10.933 250 3 3 8.769 2.164 ING Groep 2 12.879 364 4 2 7.687 5.192 Nordea 3 5.675 130 1 22 1.425 4.250 Yapi ve Kredi Bankasi AS 3 4.624 131 1 13 2.751 1.873 Citi 4 5.258 120 2 8 4.479 0.779 Nordea 4 4.580 130 1 28 1.017 3.563 Standard Chartered Bank 5 4.027 92 2 19 1.587 2.440 Nova Ljubljanska Banka DD Ljubljana 5 4.241 120 1 27 1.081 3.160 Sberbank CIB CJSC 6 2.942 67 1 10 2.867 0.075 Citi 6 3.881 110 2 11 2.900 0.981 Alfa Bank 6 2.942 67 1 11 2.736 0.206 Standard Chartered Bank 7 3.249 92 2 22 1.449 1.800 Raiffeisen Bank International Group 8 2.694 61 1 30 0.404 2.290 Vnesheconombank 8 2.481 70 1 - - 2.481 Erste Group Bank 8 2.694 61 1 - - 2.694 VTB Capital 8 2.481 70 1 - - 2.481 Natixis 10 2.564 59 1 28 0.978 1.586 Sberbank CIB CJSC 10 2.374 67 1 15 2.616 -0.242 Arab Investment Company SAA 10 2.564 59 1 - - 2.564 Alfa Bank 10 2.374 67 1 25 1.137 1.237 Mitsubishi UFJ Financial Group Inc 10 2.564 59 1 4 8.178 -5.614 Commerzbank 12 2.363 67 2 9 3.232 -0.869 Industrial & Comm Bank of China 10 2.564 59 1 15 2.049 0.515 Natixis 13 2.069 59 1 34 0.698 1.371 HSBC 10 2.564 59 1 7 4.650 -2.086 Bank of America Merrill Lynch 13 2.069 59 1 12 2.866 -0.797 Emirates NBD PJSC 10 2.564 59 1 - - 2.564 Industrial & Comm Bank of China 13 2.069 59 1 4 4.686 -2.617 Abu Dhabi Commercial Bank 10 2.564 59 1 - - 2.564 Arab Investment Company SAA 13 2.069 59 1 - - 2.069 Sumitomo Mitsui Financial 10 2.564 59 1 15 2.049 0.515 China Development Bank 13 2.069 59 1 - - 2.069 Bank of America Merrill Lynch 10 2.564 59 1 13 2.601 -0.037 HSBC 13 2.069 59 1 7 4.011 -1.942 Commerzbank 10 2.564 59 1 12 2.609 -0.045 Sumitomo Mitsui Financial 13 2.069 59 1 17 2.406 -0.337 China Development Bank 10 2.564 59 1 - - 2.564 Emirates NBD PJSC 13 2.069 59 1 - - 2.069 TOTAL 100% 2,283 6 100% TOTAL 100% 2,829 10 100%
Russia & CIS Borrower Loans (Bookrunner) Russia & CIS Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) ING Groep 1 24.802 140 1 3 6.578 18.224 ING Groep 1 27.801 272 2 7 5.493 22.308 UniCredit 1 24.802 140 1 2 11.081 13.721 UniCredit 1 27.801 272 2 3 8.322 19.479 Nordea 1 24.802 140 1 16 2.156 22.646 Nordea 3 14.306 140 1 18 1.891 12.415 Alfa Bank 4 12.797 72 1 6 5.819 6.978 Vnesheconombank 4 7.664 75 1 - - 7.664 Sberbank CIB CJSC 4 12.797 72 1 5 5.988 6.809 VTB Capital 4 7.664 75 1 - - 7.664 ------Sberbank CIB CJSC 6 7.381 72 1 11 4.132 3.249 ------Alfa Bank 6 7.381 72 1 17 2.962 4.419 ------TOTAL 100% 564 2 100% TOTAL 100% 978 4 100%
Bloomberg League Table Reports Page 21 Bloomberg Global Syndicated Loans | Q1 2017
MENA Borrower Loans (Bookrunner) MENA Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) HSBC 1 15.091 810 3 6 3.985 11.106 Samba Capital 1 8.028 798 4 34 0.989 7.039 National Bank of Egypt 2 14.571 782 6 20 2.112 12.459 HSBC 2 7.915 787 5 1 5.080 2.835 Banque Misr SAE 3 14.015 752 5 12 2.772 11.243 National Bank of Egypt 3 7.860 782 6 29 1.113 6.747 National Bank of Abu Dhabi 4 6.568 352 3 1 8.444 -1.876 Banque Misr SAE 4 7.560 752 5 25 1.262 6.298 Societe Generale 5 4.231 227 1 9 3.563 0.668 National Commercial Bank 5 6.877 684 3 20 1.601 5.276 Qatar National Bank 6 3.929 211 3 16 2.639 1.290 Banque Saudi Fransi 6 5.536 551 2 34 0.989 4.547 Arab African International Bank 7 3.869 208 3 22 1.751 2.118 Al-Rajhi Banking & Investment Corp 7 3.525 351 1 42 0.721 2.804 Commercial International Bank of Egypt 8 3.636 195 2 23 1.635 2.001 Riyad Bank 7 3.525 351 1 42 0.721 2.804 Abu Dhabi Commercial Bank 9 3.527 189 2 39 0.539 2.988 National Bank of Abu Dhabi 9 3.449 343 4 4 3.968 -0.519 Standard Chartered Bank 10 3.262 175 2 33 0.826 2.436 Abu Dhabi Commercial Bank 10 3.411 339 4 40 0.785 2.626 Bank ABC 11 2.754 148 2 27 1.016 1.738 Standard Chartered Bank 11 2.911 289 3 61 0.437 2.474 Abu Dhabi Islamic Bank 12 1.649 88 1 19 2.235 -0.586 Arab African International Bank 12 2.532 252 4 56 0.586 1.946 RBC Capital Markets 13 1.576 85 1 - - 1.576 Emirates NBD PJSC 13 2.523 251 3 49 0.640 1.883 Commercial Bank of Dubai 14 1.398 75 1 - - 1.398 Commercial Bank of Qatar 14 2.388 238 2 - - 2.388 Commercial Bank of Qatar 14 1.398 75 1 - - 1.398 Qatar National Bank 15 2.119 211 3 10 2.625 -0.506 JP Morgan 14 1.398 75 1 13 2.708 -1.310 Industrial & Comm Bank of China 16 2.074 206 2 14 2.420 -0.346 First Gulf Bank PJSC 14 1.398 75 1 36 0.733 0.665 Arab National Bank 17 2.011 200 1 - - 2.011 National Bank of Kuwait 14 1.398 75 1 51 0.242 1.156 Commercial International Bank of Egypt 18 1.962 195 2 57 0.575 1.387 Union National Bank PJSC 14 1.398 75 1 - - 1.398 Union National Bank PJSC 19 1.905 189 2 22 1.487 0.418 BNP Paribas 14 1.398 75 1 13 2.708 -1.310 Natixis 20 1.634 163 1 9 2.944 -1.310 TOTAL 100% 5,364 18 100% TOTAL 100% 9,944 24 100%
GCC Borrower Loans (Bookrunner) GCC Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) HSBC 1 28.170 810 3 4 5.354 22.816 Samba Capital 1 11.005 798 4 24 1.359 9.646 Societe Generale 2 7.899 227 1 7 4.788 3.111 HSBC 2 10.850 787 5 3 5.495 5.355 Abu Dhabi Commercial Bank 3 6.584 189 2 30 0.724 5.860 National Commercial Bank 3 9.427 684 3 13 2.200 7.227 Standard Chartered Bank 4 6.089 175 2 26 1.109 4.980 Banque Saudi Fransi 4 7.590 551 2 24 1.359 6.231 Bank ABC 5 5.140 148 2 18 1.365 3.775 Al-Rajhi Banking & Investment Corp 5 4.833 351 1 31 0.991 3.842 Abu Dhabi Islamic Bank 6 3.079 88 1 20 1.195 1.884 Riyad Bank 5 4.833 351 1 31 0.991 3.842 RBC Capital Markets 7 2.943 85 1 - - 2.943 Standard Chartered Bank 7 3.990 289 3 48 0.600 3.390 Commercial Bank of Dubai 8 2.610 75 1 - - 2.610 Abu Dhabi Commercial Bank 8 3.399 247 3 29 1.079 2.320 International Finance Corp 8 2.610 75 1 - - 2.610 Commercial Bank of Qatar 9 3.274 238 2 - - 3.274 JP Morgan 8 2.610 75 1 10 3.639 -1.029 National Bank of Abu Dhabi 10 3.085 224 2 4 4.917 -1.832 First Gulf Bank PJSC 8 2.610 75 1 28 0.985 1.625 Industrial & Comm Bank of China 11 2.843 206 2 - - 2.843 Union National Bank PJSC 8 2.610 75 1 - - 2.610 Arab National Bank 12 2.757 200 1 - - 2.757 National Bank of Kuwait 8 2.610 75 1 40 0.325 2.285 Union National Bank PJSC 13 2.612 189 2 15 2.044 0.568 Doha Bank 8 2.610 75 1 21 1.192 1.418 Natixis 14 2.240 163 1 6 4.046 -1.806 BNP Paribas 8 2.610 75 1 10 3.639 -1.029 Emirates NBD PJSC 15 2.181 158 2 37 0.880 1.301 Commercial Bank of Qatar 8 2.610 75 1 - - 2.610 Bank ABC 16 1.982 144 2 21 1.555 0.427 Credit Agricole CIB 17 1.661 48 1 - - 1.661 First Gulf Bank PJSC 17 1.821 132 2 49 0.515 1.306 Wells Fargo 17 1.661 48 1 - - 1.661 Mashreqbank PSC 18 1.578 114 1 30 0.996 0.582 Sumitomo Mitsui Financial 17 1.661 48 1 2 8.539 -6.878 Arab Bank PLC 18 1.578 114 1 45 0.764 0.814 Emirates NBD PJSC 17 1.661 48 1 14 3.041 -1.380 Barclays 18 1.578 114 1 47 0.654 0.924 TOTAL 100% 2,873 9 100% TOTAL 100% 7,253 14 100%
Bloomberg League Table Reports Page 22 Bloomberg Global Syndicated Loans | Q1 2017
EMEA Islamic Financing (Bookrunner) EMEA Islamic Financing (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Abu Dhabi Islamic Bank 1 80.740 88 1 2 17.261 63.479 National Commercial Bank 1 20.852 684 3 3 4.736 16.116 Banque Misr SAE 2 3.852 4 2 - - 3.852 Samba Capital 1 20.852 684 3 3 4.736 16.116 National Bank of Egypt 2 3.852 4 2 - - 3.852 Banque Saudi Fransi 3 16.788 551 2 3 4.736 12.052 Commercial International Bank of Egypt 2 3.852 4 2 - - 3.852 Al-Rajhi Banking & Investment Corp 4 10.689 351 1 11 3.973 6.716 Qatar National Bank 2 3.852 4 2 - - 3.852 HSBC 4 10.689 351 1 3 4.736 5.953 Arab African International Bank 2 3.852 4 2 - - 3.852 Riyad Bank 4 10.689 351 1 11 3.973 6.716 ------Arab National Bank 7 6.098 200 1 - - 6.098 ------Arab African International Bank 8 1.478 48 3 - - 1.478 ------Abu Dhabi Islamic Bank 9 1.349 44 1 1 5.733 -4.384 ------Banque Misr SAE 10 0.129 4 2 - - 0.129 ------National Bank of Egypt 10 0.129 4 2 - - 0.129 ------Commercial International Bank of Egypt 10 0.129 4 2 - - 0.129 ------Qatar National Bank 10 0.129 4 2 - - 0.129 ------TOTAL 100% 109 3 100% TOTAL 100% 3,279 6 100%
African Borrower Loans (Bookrunner) African Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Mkt Volume (USD Deal Prev Prev Mkt Mkt Volume (USD Deal Prev Firm Rank Share(%) Mln) Count Rank Share(%) Mkt Share Chg(%) Firm Rank Share(%) Mln) Count Rank Prev Mkt Share(%) Mkt Share Chg(%) National Bank of Egypt 1 26.136 782 6 5 6.332 19.804 National Bank of Egypt 1 18.021 782 6 15 3.150 14.871 Banque Misr SAE 2 25.139 752 5 4 8.309 16.830 Banque Misr SAE 2 17.334 752 5 8 3.574 13.760 Eastern and Southern African Trade and 3 11.703 350 1 - - 11.703 Eastern and Southern African Trade and 3 13.833 600 2 - - 13.833 Devel Devel National Bank of Abu Dhabi 4 10.185 305 2 12 3.818 6.367 Citi 4 7.533 327 3 6 3.849 3.684 Qatar National Bank 5 7.047 211 3 7 5.250 1.797 Qatar National Bank 5 4.859 211 3 21 1.660 3.199 Arab African International Bank 6 6.940 208 3 7 5.250 1.690 Arab African International Bank 6 4.785 208 3 21 1.660 3.125 Commercial International Bank of Egypt 7 6.523 195 2 9 4.900 1.623 Standard Chartered Bank 7 4.611 200 1 25 1.395 3.216 African Export-Import Bank 8 5.015 150 1 - - 5.015 Standard Bank of South Africa 7 4.611 200 1 9 3.492 1.119 Citi 9 0.894 27 1 1 11.953 -11.059 FirstRand Ltd 7 4.611 200 1 2 5.670 -1.059 Banque Du Caire SAE 10 0.417 12 1 20 1.082 -0.665 Commercial International Bank of Egypt 10 4.497 195 2 23 1.629 2.868 ------African Export-Import Bank 11 3.458 150 1 34 0.866 2.592 ------National Bank of Abu Dhabi 12 2.750 119 2 27 1.107 1.643 ------ING Groep 13 2.305 100 1 12 3.249 -0.944 ------Emirates NBD PJSC 14 2.136 93 1 39 0.585 1.551 ------Abu Dhabi Commercial Bank 14 2.136 93 1 - - 2.136 ------Societe Generale 16 0.744 32 1 7 3.799 -3.055 ------International Finance Corp 16 0.744 32 1 - - 0.744 ------BNP Paribas 16 0.744 32 1 50 0.365 0.379 ------Banque Du Caire SAE 19 0.288 12 1 20 1.905 -1.617 ------TOTAL 100% 2,990 10 100% TOTAL 100% 4,337 14 100%
Bloomberg League Table Reports Page 23 Bloomberg Global Syndicated Loans | Q1 2017
Sub-Saharan Africa Borrower Loans (Bookrunner) Sub-Saharan Africa Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Mkt Volume (USD Deal Prev Prev Mkt Mkt Volume (USD Deal Prev Firm Rank Share(%) Mln) Count Rank Share(%) Mkt Share Chg(%) Firm Rank Share(%) Mln) Count Rank Prev Mkt Share(%) Mkt Share Chg(%) Eastern and Southern African Trade and 1 70.000 350 1 - - 70.000 Eastern and Southern African Trade and 1 36.434 600 2 - - 36.434 Devel Devel African Export-Import Bank 2 30.000 150 1 - - 30.000 Standard Bank of South Africa 2 12.145 200 1 5 9.117 3.028 ------Citi 2 12.145 200 1 4 10.050 2.095 ------Standard Chartered Bank 2 12.145 200 1 9 3.641 8.504 ------FirstRand Ltd 2 12.145 200 1 1 14.804 -2.659 ------African Export-Import Bank 6 9.109 150 1 11 2.262 6.847 ------BNP Paribas 7 1.960 32 1 25 0.953 1.007 ------Societe Generale 7 1.960 32 1 12 1.923 0.037 ------International Finance Corp 7 1.960 32 1 - - 1.960 ------TOTAL 100% 500 1 100% TOTAL 100% 1,646 4 100%
Spain Borrower Loans (Bookrunner) Spain Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Nomura 1 20.439 2,261 1 - - 20.439 Nomura 1 19.197 2,218 1 - - 19.197 Banco Santander 2 9.776 1,081 10 1 10.311 -0.535 La Caixa 2 7.384 853 15 5 5.257 2.127 Banco Bilbao Vizcaya Argentaria 3 8.690 961 8 3 7.978 0.712 HSBC 3 6.739 779 4 9 4.032 2.707 HSBC 4 7.787 861 4 8 5.077 2.710 Banco Bilbao Vizcaya Argentaria 4 6.719 776 13 2 9.384 -2.665 La Caixa 5 7.444 823 7 7 5.609 1.835 Banco Santander 5 6.325 731 14 1 10.351 -4.026 Goldman Sachs 6 6.940 768 3 - - 6.940 Bankia 6 5.980 691 8 3 5.418 0.562 Bank of America Merrill Lynch 7 6.186 684 1 21 1.257 4.929 Goldman Sachs 7 5.927 685 3 35 0.389 5.538 ING Groep 8 5.336 590 5 2 8.316 -2.980 Bank of America Merrill Lynch 8 5.554 642 1 23 1.134 4.420 Bankia 9 4.309 477 2 28 0.370 3.939 Banco Sabadell 9 5.216 603 7 13 3.136 2.080 Banco Sabadell 10 4.230 468 2 19 1.723 2.507 ING Groep 10 3.397 392 5 8 4.310 -0.913 Credit Agricole CIB 11 4.216 466 5 4 5.790 -1.574 Credit Agricole CIB 11 3.337 386 5 4 5.302 -1.965 Natixis 12 2.527 280 3 17 2.116 0.411 Kreditanstalt fuer Wiederaufbau 12 2.945 340 1 - - 2.945 Societe Generale 13 2.433 269 3 18 1.904 0.529 Natixis 13 2.419 280 3 18 2.331 0.088 Citi 14 2.350 260 4 14 2.448 -0.098 Societe Generale 14 2.329 269 3 15 2.499 -0.170 UniCredit 15 1.596 177 2 14 2.448 -0.852 Citi 15 1.902 220 4 16 2.474 -0.572 Mitsubishi UFJ Financial Group Inc 16 0.848 94 1 12 3.886 -3.038 UniCredit 15 1.902 220 4 19 2.085 -0.183 Intesa Sanpaolo 16 0.848 94 1 4 5.790 -4.942 Intesa Sanpaolo 17 1.382 160 2 6 4.454 -3.072 BNP Paribas 16 0.848 94 1 8 5.077 -4.229 BNP Paribas 17 1.382 160 2 7 4.380 -2.998 National Bank of Abu Dhabi 16 0.848 94 1 - - 0.848 Mizuho Financial 17 1.382 160 2 16 2.474 -1.092 Mizuho Financial 16 0.848 94 1 14 2.448 -1.600 Banco Popular Espanol SA 20 1.234 143 3 20 2.076 -0.842 TOTAL 100% 11,059 21 100% TOTAL 100% 11,554 23 100%
Bloomberg League Table Reports Page 24 Bloomberg Global Syndicated Loans | Q1 2017
APAC ex-Japan Loans: Quarterly Volume
Deal Count Amount Asia Pacific ex-Japan Loans Review 160 600 Q1 2017 total APAC ex-Japan Loans volume decreased 42.70% to USD 67.1 Bln while the total number of deals decreased
38.85% to 233 deals year-on-year. 400 D D 100 e e
n n 100 a a l l l l B B
State Bank of India ranked as the top APAC ex-Japan Loans bookrunner for Q1 2017 with 7.79% of credited market share. C C D D o o u u S S n n
The bank acted as bookrunner in 11 deals over the period. Bank of China and ANZ Banking Group ranked second and third U U t t with 5.83% and 5.73% of credited market share, respectively. 50 200
0 0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 11 11 11 11 11 11 QQ QQ QQ QQ QQ QQ
Quarters
APAC ex-Japan Loans (Bookrunner) APAC ex-Japan Loans: Industry Breakdown Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Financials 37% 11% State Bank of India 1 7.792 3,451 11 6 3.016 4.776 Industrials 18% Bank of China 2 5.831 2,583 14 1 16.490 -10.659 6% 37% Utilities 8% ANZ Banking Group 3 5.728 2,537 11 3 4.871 0.857 6% China Construction Bank 4 5.436 2,408 4 2 7.148 -1.712 Energy 7% 7% Mitsubishi UFJ Financial Group Inc 5 5.014 2,221 13 7 2.996 2.018 Technology 7% Agricultural Bank of China Ltd 6 4.937 2,187 3 30 0.885 4.052 7% HSBC 7 4.846 2,147 13 4 4.290 0.556 Consumer Discretionary 6% 8% KB Financial Group Inc 8 4.419 1,957 11 45 0.515 3.904 18% Materials 6% Standard Chartered Bank 9 3.735 1,654 17 10 2.409 1.326 Axis Bank Ltd 10 2.969 1,315 11 5 4.009 -1.040 Others 11% TOTAL 100% 44,292 170 100%
APAC ex-Japan Loans: Largest Deals by Country of Q1 2017 APAC ex-Japan Loans: Bookrunner Rankings History
Borrower Volume (USD Mln) Date Country 2017 2016 2015 20 WCX M4 FinCo Pty Ltd 1,321 02/17/2017 Australia
Tencent Asset Management Ltd 4,650 03/24/2017 China ) % (
e
Sun Hung Kai Properties Financial Services Ltd 2,835 03/17/2017 Hong Kong r a h
Reliance Industries Ltd 1,750 03/30/2017 India S 10
t e k
Bhumi Jati Power PT 1,678 02/24/2017 Indonesia r a
Kwasa UK Sixmo Ltd 324 03/23/2017 Malaysia M NEW Park Property Pte Ltd 545 03/30/2017 Singapore 0 Busan-Gimhae Light Rail Transit Co Ltd 856 03/24/2017 South Korea ia a p k c td d in u n In L n h ro a I C G B p a f f n u in Shanyuan Co Ltd 393 02/22/2017 Taiwan o o g o ro h k in ti G C n k k c l f a n n u a o B a a tr i Thai Union Group PCL 354 01/12/2017 Thailand B s c k te B n n n a Z o a a t N C in B S A F l a ra in J u h F lt U u C i c h ri is g b u A s it M
Bloomberg League Table Reports Page 25 Bloomberg Global Syndicated Loans | Q1 2017
Asia ex-Japan Loans (Bookrunner) Asia ex-Japan Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) State Bank of India 1 8.907 3,451 11 4 3.696 5.211 Bank of China 1 7.217 4,167 39 1 16.720 -9.503 Bank of China 2 6.300 2,441 13 1 20.210 -13.910 State Bank of India 2 6.074 3,507 14 8 3.108 2.966 China Construction Bank 3 6.214 2,408 4 2 8.761 -2.547 HSBC 3 5.456 3,150 30 9 2.839 2.617 Agricultural Bank of China Ltd 4 5.644 2,187 3 24 1.085 4.559 Mitsubishi UFJ Financial Group Inc 4 4.465 2,578 21 4 3.723 0.742 Mitsubishi UFJ Financial Group Inc 5 5.222 2,023 11 5 3.008 2.214 China Construction Bank 5 4.405 2,543 15 2 4.577 -0.172 HSBC 6 5.171 2,004 12 8 2.747 2.424 Standard Chartered Bank 6 4.104 2,370 27 11 2.549 1.555 KB Financial Group Inc 7 5.052 1,957 11 38 0.632 4.420 Agricultural Bank of China Ltd 7 3.964 2,288 6 28 0.870 3.094 Standard Chartered Bank 8 4.270 1,654 17 7 2.952 1.318 Mizuho Financial 8 3.449 1,991 17 13 2.206 1.243 Axis Bank Ltd 9 3.394 1,315 11 3 4.913 -1.519 Sumitomo Mitsui Financial 9 3.392 1,958 25 10 2.706 0.686 Citi 10 3.003 1,164 4 25 1.055 1.948 KB Financial Group Inc 10 3.390 1,957 11 40 0.618 2.772 Maybank 11 2.965 1,149 4 - - 2.965 Citi 11 2.518 1,454 11 19 1.190 1.328 Korea Development Bank 12 2.767 1,072 5 6 2.953 -0.186 Oversea-Chinese Banking Corp 12 2.452 1,416 16 17 1.389 1.063 Bank of Taiwan 13 2.456 952 11 22 1.127 1.329 DBS Group 13 2.314 1,336 17 5 3.395 -1.081 ANZ Banking Group 14 2.357 913 6 11 2.292 0.065 Axis Bank Ltd 14 2.250 1,299 12 6 3.271 -1.021 Mizuho Financial 15 2.188 848 9 16 1.496 0.692 Korea Development Bank 15 2.171 1,253 8 12 2.217 -0.046 ICICI 16 2.077 805 11 32 0.935 1.142 ANZ Banking Group 16 2.073 1,197 12 14 1.759 0.314 Credit Suisse 17 1.900 736 3 20 1.201 0.699 Credit Suisse 17 1.912 1,104 5 42 0.570 1.342 Credit Agricole CIB 18 1.848 716 4 23 1.098 0.750 Shanghai Pudong Development Bank Co Ltd 18 1.847 1,066 9 15 1.607 0.240 Sumitomo Mitsui Financial 19 1.840 713 6 10 2.497 -0.657 United Overseas Bank 19 1.666 962 10 24 1.058 0.608 DBS Group 20 1.260 488 5 12 1.791 -0.531 Bank of Taiwan 20 1.614 932 13 35 0.696 0.918 TOTAL 100% 38,745 156 100% TOTAL 100% 57,734 207 100%
APAC ex-Japan G3 Currency Loans (Bookrunner) APAC ex-Japan G3 Currency Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) China Construction Bank 1 12.578 2,150 3 34 0.666 11.912 China Construction Bank 1 7.806 1,946 6 12 2.317 5.489 HSBC 2 7.985 1,365 8 3 6.424 1.561 Mitsubishi UFJ Financial Group Inc 2 6.991 1,742 14 2 7.828 -0.837 Mitsubishi UFJ Financial Group Inc 3 7.957 1,360 7 2 8.351 -0.394 Standard Chartered Bank 3 6.234 1,554 15 8 3.538 2.696 Bank of China 4 7.948 1,359 5 1 9.008 -1.060 Bank of China 4 6.138 1,530 12 1 10.623 -4.485 Citi 5 6.574 1,124 4 12 3.206 3.368 Mizuho Financial 5 5.841 1,456 11 7 4.300 1.541 Standard Chartered Bank 6 6.329 1,082 11 9 3.366 2.963 HSBC 6 5.062 1,262 16 6 4.368 0.694 Credit Suisse 7 4.307 736 3 8 3.650 0.657 Sumitomo Mitsui Financial 7 4.666 1,163 16 5 5.150 -0.484 ANZ Banking Group 8 4.137 707 5 5 5.639 -1.502 Credit Suisse 8 4.429 1,104 5 18 1.367 3.062 Credit Agricole CIB 9 3.873 662 3 14 2.868 1.005 Citi 9 4.225 1,053 8 14 2.084 2.141 Mizuho Financial 10 3.759 643 7 11 3.259 0.500 ANZ Banking Group 10 4.083 1,018 10 9 2.988 1.095 State Bank of India 11 3.247 555 5 19 1.585 1.662 DBS Group 11 3.082 768 10 4 5.550 -2.468 Taishin Financial Holding Co Ltd 12 2.492 426 4 50 0.294 2.198 Morgan Stanley 12 2.910 725 2 - - 2.910 Morgan Stanley 13 2.393 409 1 - - 2.393 State Bank of India 13 2.237 558 7 20 1.208 1.029 BNP Paribas 14 1.977 338 4 17 1.804 0.173 China Development Bank 14 2.073 517 1 - - 2.073 Bank of Taiwan 15 1.919 328 5 36 0.649 1.270 Taishin Financial Holding Co Ltd 15 1.709 426 4 74 0.187 1.522 Deutsche Bank 16 1.899 325 3 20 1.551 0.348 Credit Agricole CIB 16 1.666 415 4 16 1.788 -0.122 DBS Group 17 1.389 237 3 10 3.316 -1.927 Oversea-Chinese Banking Corp 17 1.495 373 5 27 0.864 0.631 Barclays 18 1.302 223 3 41 0.486 0.816 China Minsheng Banking Corp Ltd 18 1.482 369 3 68 0.200 1.282 ING Groep 19 1.260 215 2 26 1.004 0.256 China Citic Bank 19 1.403 350 3 37 0.570 0.833 CTBC Financial Holding Co Ltd 20 1.242 212 3 37 0.608 0.634 Bank of Taiwan 20 1.397 348 6 52 0.267 1.130 TOTAL 100% 17,093 46 100% TOTAL 100% 24,926 67 100%
Bloomberg League Table Reports Page 26 Bloomberg Global Syndicated Loans | Q1 2017
APAC ex-Japan Loans (Bookrunner) APAC ex-Japan Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) State Bank of India 1 7.792 3,451 11 6 3.016 4.776 Bank of China 1 6.774 4,451 42 1 13.975 -7.201 Bank of China 2 5.831 2,583 14 1 16.490 -10.659 China Construction Bank 2 5.801 3,812 17 2 4.013 1.788 ANZ Banking Group 3 5.728 2,537 11 3 4.871 0.857 State Bank of India 3 5.337 3,507 14 10 2.519 2.818 China Construction Bank 4 5.436 2,408 4 2 7.148 -1.712 HSBC 4 5.058 3,324 33 6 3.452 1.606 Mitsubishi UFJ Financial Group Inc 5 5.014 2,221 13 7 2.996 2.018 ANZ Banking Group 5 4.448 2,923 20 3 3.884 0.564 Agricultural Bank of China Ltd 6 4.937 2,187 3 30 0.885 4.052 Mitsubishi UFJ Financial Group Inc 6 4.173 2,742 24 4 3.702 0.471 HSBC 7 4.846 2,147 13 4 4.290 0.556 Standard Chartered Bank 7 3.606 2,370 27 15 2.066 1.540 KB Financial Group Inc 8 4.419 1,957 11 45 0.515 3.904 Agricultural Bank of China Ltd 8 3.482 2,288 6 29 0.934 2.548 Standard Chartered Bank 9 3.735 1,654 17 10 2.409 1.326 Sumitomo Mitsui Financial 9 3.411 2,241 29 12 2.493 0.918 Axis Bank Ltd 10 2.969 1,315 11 5 4.009 -1.040 Mizuho Financial 10 3.138 2,062 18 16 1.961 1.177 Citi 11 2.773 1,228 5 31 0.861 1.912 KB Financial Group Inc 11 2.979 1,957 11 46 0.501 2.478 Maybank 12 2.594 1,149 4 - - 2.594 Citi 12 2.418 1,589 13 26 0.965 1.453 Korea Development Bank 13 2.421 1,072 5 9 2.410 0.011 Oversea-Chinese Banking Corp 13 2.226 1,462 17 23 1.126 1.100 Mizuho Financial 14 2.234 990 10 18 1.427 0.807 DBS Group 14 2.198 1,444 19 7 3.385 -1.187 Bank of Taiwan 15 2.148 952 11 29 0.919 1.229 Axis Bank Ltd 15 1.977 1,299 12 8 2.651 -0.674 Credit Agricole CIB 16 2.114 936 5 16 1.506 0.608 Korea Development Bank 16 1.907 1,253 8 17 1.797 0.110 Commonwealth Bank Australia 17 1.979 877 4 8 2.606 -0.627 Credit Suisse 17 1.783 1,172 6 48 0.462 1.321 ICICI 18 1.817 805 11 38 0.762 1.055 Shanghai Pudong Development Bank Co Ltd 18 1.623 1,066 9 21 1.303 0.320 Credit Suisse 19 1.815 804 4 26 0.980 0.835 United Overseas Bank 19 1.594 1,047 11 22 1.225 0.369 Sumitomo Mitsui Financial 20 1.610 713 6 12 2.172 -0.562 Credit Agricole CIB 20 1.472 967 8 18 1.710 -0.238 TOTAL 100% 44,292 170 100% TOTAL 100% 65,709 228 100%
APAC ex-Japan Leveraged Loans (Bookrunner) APAC ex-Japan Leveraged Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Mkt Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 7.685 68 1 - - 7.685 Standard Chartered Bank 1 15.737 126 1 6 5.957 9.780 ANZ Banking Group 1 7.685 68 1 11 2.779 4.906 JP Morgan 2 8.480 68 1 - - 8.480 Barclays 1 7.685 68 1 - - 7.685 ANZ Banking Group 2 8.480 68 1 10 2.855 5.625 Credit Suisse 1 7.685 68 1 - - 7.685 Barclays 2 8.480 68 1 - - 8.480 Goldman Sachs 1 7.685 68 1 - - 7.685 Credit Suisse 2 8.480 68 1 - - 8.480 Westpac Banking 6 7.280 64 1 - - 7.280 Goldman Sachs 2 8.480 68 1 - - 8.480 Citi 6 7.280 64 1 - - 7.280 Westpac Banking 7 8.034 64 1 - - 8.034 National Agricultural Cooperative Federation 8 6.191 55 4 - - 6.191 Citi 7 8.034 64 1 - - 8.034 KB Securities Co Ltd 8 6.191 55 4 - - 6.191 Dignari Capital Partners HK Ltd 9 4.496 36 1 - - 4.496 Dignari Capital Partners HK Ltd 10 4.074 36 1 - - 4.074 Taishin Financial Holding Co Ltd 9 4.496 36 1 - - 4.496 Taishin Financial Holding Co Ltd 10 4.074 36 1 - - 4.074 China Minsheng Banking Corp Ltd 9 4.496 36 1 - - 4.496 China Minsheng Banking Corp Ltd 10 4.074 36 1 - - 4.074 China Citic Bank 9 4.496 36 1 2 14.271 -9.775 China Citic Bank 10 4.074 36 1 5 6.945 -2.871 Huatai Securities Co Ltd 9 4.496 36 1 - - 4.496 Huatai Securities Co Ltd 10 4.074 36 1 - - 4.074 National Agricultural Cooperative 14 1.656 13 3 - - 1.656 Standard Chartered Bank 15 3.565 32 1 7 5.798 -2.233 Federation CTBC Financial Holding Co Ltd 15 3.565 32 1 - - 3.565 KB Securities Co Ltd 14 1.656 13 3 - - 1.656 E.Sun Financial Holding Co Ltd 15 3.565 32 1 - - 3.565 ------Cathay United Bank Co Ltd 15 3.565 32 1 - - 3.565 ------TOTAL 100% 883 8 100% ------TOTAL 100% 800 7 100%
Bloomberg League Table Reports Page 27 Bloomberg Global Syndicated Loans | Q1 2017
ASEAN Loans (Bookrunner) ASEAN Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Maybank 1 18.925 1,051 3 - - 18.925 Mitsubishi UFJ Financial Group Inc 1 11.325 1,259 8 1 11.416 -0.091 Mitsubishi UFJ Financial Group Inc 2 9.435 524 3 1 14.402 -4.967 Sumitomo Mitsui Financial 2 8.293 922 12 3 5.577 2.716 China Construction Bank 3 9.361 520 1 - - 9.361 Oversea-Chinese Banking Corp 3 7.649 851 9 4 5.432 2.217 DBS Group 4 7.210 401 4 12 3.343 3.867 Bank of China 4 6.152 684 7 33 0.514 5.638 Bank Negara Indonesia (Persero) Tbk PT 5 6.512 362 2 23 0.959 5.553 Maybank 5 5.879 654 5 19 1.835 4.044 Standard Chartered Bank 6 5.929 329 4 3 7.853 -1.924 United Overseas Bank 6 5.471 608 6 9 3.522 1.949 CIMB 7 5.836 324 2 10 3.816 2.020 Mizuho Financial 7 5.444 605 7 8 3.945 1.499 Credit Suisse 8 5.581 310 1 18 1.574 4.007 China Construction Bank 8 4.676 520 1 - - 4.676 Mizuho Financial 9 4.981 277 3 4 7.476 -2.495 DBS Group 9 4.602 512 9 2 9.288 -4.686 ANZ Banking Group 10 3.840 213 2 11 3.687 0.153 Credit Suisse 10 4.091 455 2 31 0.752 3.339 CTBC Financial Holding Co Ltd 11 3.300 183 2 36 0.315 2.985 HSBC 11 3.800 423 8 17 2.051 1.749 Deutsche Bank 12 3.000 167 2 33 0.365 2.635 Bank Negara Indonesia (Persero) Tbk PT 12 3.646 405 3 28 0.789 2.857 Oversea-Chinese Banking Corp 13 2.400 133 2 14 2.399 0.001 Sumitomo Mitsui Trust Holdings Inc 13 2.229 248 3 - - 2.229 Sumitomo Mitsui Financial 14 2.100 117 2 2 10.190 -8.090 Norinchukin Bank 14 2.155 240 1 - - 2.155 HSBC 15 1.594 89 1 13 2.434 -0.840 Hong Leong Investment Bank Bhd 15 1.880 209 1 32 0.658 1.222 Bank of China 15 1.594 89 1 - - 1.594 Citi 16 1.733 193 3 10 3.478 -1.745 Citi 17 1.500 83 1 5 5.588 -4.088 Standard Chartered Bank 17 1.604 178 6 11 3.351 -1.747 BNP Paribas 17 1.500 83 1 9 3.893 -2.393 CTBC Financial Holding Co Ltd 18 1.553 173 6 35 0.353 1.200 United Overseas Bank 17 1.500 83 1 15 2.322 -0.822 ANZ Banking Group 19 1.544 172 4 18 2.010 -0.466 Commerzbank 17 1.500 83 1 - - 1.500 Industrial & Comm Bank of China 20 1.394 155 1 - - 1.394 TOTAL 100% 5,554 22 100% TOTAL 100% 11,120 39 100%
Australia/New Zealand Loans (Bookrunner) Australia/New Zealand Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) ANZ Banking Group 1 29.274 1,624 5 1 16.305 12.969 ANZ Banking Group 1 21.644 1,726 8 1 12.974 8.670 Commonwealth Bank Australia 2 15.807 877 4 2 14.159 1.648 China Construction Bank 2 15.910 1,269 2 18 1.603 14.307 National Australia Bank Ltd 3 11.509 638 5 4 11.299 0.210 Commonwealth Bank Australia 3 8.204 654 6 2 12.470 -4.266 Westpac Banking 4 8.691 482 4 3 11.391 -2.700 National Australia Bank Ltd 4 7.372 588 7 4 10.500 -3.128 Credit Agricole CIB 5 3.970 220 1 9 3.313 0.657 Westpac Banking 5 6.773 540 6 3 10.697 -3.924 Natixis 5 3.970 220 1 11 2.493 1.477 Bank of China 6 3.570 285 3 11 2.236 1.334 ING Groep 5 3.970 220 1 6 4.206 -0.236 Sumitomo Mitsui Financial 7 3.546 283 4 21 1.583 1.963 Mitsubishi UFJ Financial Group Inc 8 3.561 197 2 10 2.947 0.614 Natixis 8 3.484 278 2 12 2.011 1.473 HSBC 9 2.579 143 1 5 11.130 -8.551 ING Groep 8 3.484 278 2 23 1.207 2.277 United Overseas Bank 9 2.579 143 1 11 2.493 0.086 Credit Agricole CIB 10 2.761 220 1 6 4.188 -1.427 Bank of China 11 2.557 142 1 - - 2.557 HSBC 11 2.180 174 3 5 6.074 -3.894 BNP Paribas 11 2.557 142 1 - - 2.557 Mitsubishi UFJ Financial Group Inc 12 2.054 164 3 7 3.613 -1.559 Mizuho Financial 11 2.557 142 1 17 1.120 1.437 Citi 13 1.696 135 2 - - 1.696 Goldman Sachs 14 1.224 68 1 - - 1.224 DBS Group 14 1.356 108 2 8 3.343 -1.987 Barclays 14 1.224 68 1 - - 1.224 United Overseas Bank 15 1.076 86 1 14 1.941 -0.865 JP Morgan 14 1.224 68 1 8 3.613 -2.389 Cathay United Bank Co Ltd 15 1.076 86 1 - - 1.076 Credit Suisse 14 1.224 68 1 - - 1.224 Bank of America Merrill Lynch 17 0.889 71 1 32 0.279 0.610 Citi 18 1.160 64 1 - - 1.160 RBC Capital Markets 17 0.889 71 1 16 1.827 -0.938 TD Securities 19 0.361 20 1 - - 0.361 BNP Paribas 17 0.889 71 1 22 1.277 -0.388 ------Mizuho Financial 17 0.889 71 1 27 0.912 -0.023 TOTAL 100% 5,546 14 100% TOTAL 100% 7,974 21 100%
Bloomberg League Table Reports Page 28 Bloomberg Global Syndicated Loans | Q1 2017
Australian Borrower Loans (Bookrunner) Australian Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (AUD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (AUD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Commonwealth Bank Australia 1 18.481 1,145 4 1 14.747 3.734 China Construction Bank 1 18.309 1,694 2 20 1.334 16.975 National Australia Bank Ltd 2 12.180 755 4 5 10.221 1.959 Commonwealth Bank Australia 2 9.249 856 6 1 12.725 -3.476 ANZ Banking Group 3 10.598 657 3 2 13.903 -3.305 ANZ Banking Group 3 6.741 624 4 2 11.171 -4.430 Westpac Banking 4 10.188 631 4 3 11.978 -1.790 ING Groep 4 6.640 614 3 23 1.320 5.320 ING Groep 5 8.705 539 2 6 4.362 4.343 Westpac Banking 5 6.343 587 5 3 10.567 -4.224 Credit Suisse 6 5.503 341 2 - - 5.503 National Australia Bank Ltd 6 6.128 567 5 4 9.906 -3.778 Credit Agricole CIB 7 4.639 287 1 9 3.504 1.135 Bank of China 7 4.045 374 3 15 2.027 2.018 Natixis 7 4.639 287 1 11 2.615 2.024 Sumitomo Mitsui Financial 8 4.006 371 4 18 1.795 2.211 Mitsubishi UFJ Financial Group Inc 9 4.197 260 2 10 3.080 1.117 Natixis 9 3.917 362 2 11 2.321 1.596 HSBC 10 3.062 190 1 4 11.582 -8.520 Credit Suisse 10 3.685 341 2 - - 3.685 United Overseas Bank 10 3.062 190 1 11 2.615 0.447 Citi 11 3.500 324 3 - - 3.500 Bank of China 12 3.027 188 1 - - 3.027 Credit Agricole CIB 12 3.107 287 1 6 4.734 -1.627 BNP Paribas 12 3.027 188 1 - - 3.027 HSBC 13 2.487 230 3 5 6.366 -3.879 Mizuho Financial 12 3.027 188 1 17 1.241 1.786 Mitsubishi UFJ Financial Group Inc 14 2.331 216 3 7 3.345 -1.014 Goldman Sachs 15 1.438 89 1 - - 1.438 Shinsei Bank Ltd 15 1.581 146 1 - - 1.581 JP Morgan 15 1.438 89 1 8 3.856 -2.418 DBS Group 16 1.547 143 2 8 3.256 -1.709 Barclays 15 1.438 89 1 - - 1.438 United Overseas Bank 17 1.230 114 1 13 2.138 -0.908 Citi 18 1.352 84 1 - - 1.352 Cathay United Bank Co Ltd 17 1.230 114 1 - - 1.230 ------RBC Capital Markets 19 1.013 94 1 16 2.017 -1.004 ------BNP Paribas 19 1.013 94 1 19 1.396 -0.383 TOTAL 100% 6,194 11 100% TOTAL 100% 9,250 17 100%
Chinese Borrower Loans (Bookrunner) Chinese Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (CNY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CNY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Agricultural Bank of China Ltd 1 18.624 14,600 2 8 1.104 17.520 Bank of China 1 17.508 18,918 23 1 53.571 -36.063 Bank of China 2 16.774 13,150 9 1 69.649 -52.875 Agricultural Bank of China Ltd 2 12.327 13,320 2 12 1.132 11.195 China Construction Bank 3 14.320 11,226 2 20 0.301 14.019 HSBC 3 9.879 10,675 6 5 3.729 6.150 HSBC 4 10.378 8,136 4 3 6.360 4.018 China Construction Bank 4 8.729 9,433 6 7 3.093 5.636 Mitsubishi UFJ Financial Group Inc 5 8.960 7,024 2 - - 8.960 Standard Chartered Bank 5 5.917 6,394 7 18 0.785 5.132 Citi 6 8.165 6,401 1 - - 8.165 Hana Financial Group Inc 6 4.627 5,000 1 - - 4.627 Standard Chartered Bank 7 4.301 3,372 4 6 1.362 2.939 Morgan Stanley 7 4.624 4,997 2 - - 4.624 Morgan Stanley 8 3.592 2,816 1 - - 3.592 Shanghai Pudong Development Bank Co Ltd 8 3.735 4,036 7 3 5.040 -1.305 Shanghai Pudong Development Bank Co Ltd 9 3.380 2,650 3 4 4.095 -0.715 Mizuho Financial 9 3.628 3,920 2 - - 3.628 ANZ Banking Group 10 2.907 2,279 1 - - 2.907 ANZ Banking Group 10 3.467 3,746 2 15 0.935 2.532 Credit Suisse 11 2.057 1,613 1 - - 2.057 Mitsubishi UFJ Financial Group Inc 11 3.406 3,681 2 20 0.513 2.893 CTBC Financial Holding Co Ltd 12 1.306 1,024 2 24 0.108 1.198 Citi 12 3.291 3,556 1 - - 3.291 Bank of East Asia Ltd 13 1.002 786 1 - - 1.002 China Development Bank 12 3.291 3,556 1 8 2.134 1.157 Maybank 14 0.863 677 1 - - 0.863 Credit Suisse 14 2.914 3,148 2 20 0.513 2.401 Oversea-Chinese Banking Corp 14 0.863 677 1 - - 0.863 Export-Import Bank of China 15 1.699 1,836 1 - - 1.699 Natixis 16 0.768 602 1 - - 0.768 Evergrowing Bank 15 1.699 1,836 1 - - 1.699 Credit Agricole CIB 17 0.474 371 1 - - 0.474 Industrial & Comm Bank of China 17 1.164 1,257 4 4 4.196 -3.032 Mizuho Financial 18 0.464 364 1 - - 0.464 Postal Savings Bank of China 18 0.895 968 1 - - 0.895 Industrial & Comm Bank of China 19 0.443 347 1 7 1.248 -0.805 CTBC Financial Holding Co Ltd 19 0.813 878 3 45 0.042 0.771 Bank of Taiwan 20 0.357 280 1 - - 0.357 China Merchants Bank 20 0.775 837 4 10 1.640 -0.865 TOTAL 100% 78,394 23 100% TOTAL 100% 108,054 37 100%
Bloomberg League Table Reports Page 29 Bloomberg Global Syndicated Loans | Q1 2017
Hong Kong/Macau Loans (Bookrunner) Hong Kong/Macau Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of China 1 15.962 1,656 6 2 6.653 9.309 HSBC 1 9.804 1,722 16 4 7.478 2.326 HSBC 2 15.402 1,597 7 5 4.439 10.963 Bank of China 2 8.974 1,576 14 3 8.833 0.141 China Construction Bank 3 11.453 1,188 2 1 37.576 -26.123 Standard Chartered Bank 3 8.807 1,547 13 10 3.468 5.339 Mitsubishi UFJ Financial Group Inc 4 10.493 1,088 3 8 3.822 6.671 China Construction Bank 4 6.203 1,089 11 1 11.936 -5.733 Citi 5 8.967 930 1 - - 8.967 Mizuho Financial 5 5.655 993 6 7 4.314 1.341 Standard Chartered Bank 6 5.787 600 5 9 3.364 2.423 Mitsubishi UFJ Financial Group Inc 6 5.271 926 6 9 3.949 1.322 ANZ Banking Group 7 5.182 537 2 12 2.391 2.791 Citi 7 5.148 904 4 22 1.108 4.040 Sumitomo Mitsui Financial 8 4.906 509 3 7 3.965 0.941 ANZ Banking Group 8 5.077 892 6 13 2.790 2.287 Credit Suisse 9 4.109 426 2 - - 4.109 Sumitomo Mitsui Financial 9 3.503 615 7 6 5.106 -1.603 Morgan Stanley 10 3.943 409 1 - - 3.943 Industrial & Comm Bank of China 10 3.458 607 7 5 7.168 -3.710 ING Groep 11 1.856 193 1 - - 1.856 Bank of Communications 11 3.094 543 8 15 2.632 0.462 Bank of East Asia Ltd 12 1.693 176 2 19 0.828 0.865 China Development Bank 12 2.942 517 1 2 8.971 -6.029 Mizuho Financial 13 1.593 165 2 14 2.298 -0.705 Oversea-Chinese Banking Corp 13 2.885 507 6 19 1.437 1.448 Industrial & Comm Bank of China 14 1.413 147 2 6 3.986 -2.573 Bank of East Asia Ltd 14 2.818 495 6 20 1.286 1.532 Credit Agricole CIB 15 1.393 144 1 11 2.738 -1.345 DBS Group 15 2.415 424 5 8 4.252 -1.837 Chong Hing Bank Ltd 16 0.931 97 1 19 0.828 0.103 Credit Agricole CIB 16 2.403 422 3 12 2.834 -0.431 Natixis 17 0.844 88 1 4 4.508 -3.664 Morgan Stanley 17 2.329 409 1 - - 2.329 Fubon Financial Holding Co Ltd 18 0.663 69 1 19 0.828 -0.165 Agricultural Bank of China Ltd 18 1.987 349 4 17 1.625 0.362 Agricultural Bank of China Ltd 19 0.596 62 1 15 1.825 -1.229 Chong Hing Bank Ltd 19 1.954 343 8 27 0.573 1.381 Oversea-Chinese Banking Corp 19 0.596 62 1 25 0.746 -0.150 China Merchants Bank 20 1.909 335 4 16 2.410 -0.501 TOTAL 100% 10,371 16 100% TOTAL 100% 17,561 29 100%
Hong Kong Borrower Loans (Bookrunner) Hong Kong Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (HKD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (HKD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Sumitomo Mitsui Financial 1 18.990 3,950 3 11 2.527 16.463 HSBC 1 8.457 6,486 10 5 5.707 2.750 HSBC 2 15.529 3,230 3 7 4.140 11.389 Standard Chartered Bank 2 6.173 4,735 6 15 2.049 4.124 Bank of China 3 13.221 2,750 2 2 5.884 7.337 Sumitomo Mitsui Financial 3 5.948 4,562 6 12 2.714 3.234 China Construction Bank 4 9.615 2,000 1 1 38.840 -29.225 Bank of China 4 5.487 4,208 6 3 8.472 -2.985 ANZ Banking Group 5 7.692 1,600 1 12 2.354 5.338 Industrial & Comm Bank of China 5 5.361 4,112 5 4 5.863 -0.502 Standard Chartered Bank 6 6.170 1,283 2 13 2.280 3.890 China Construction Bank 6 5.353 4,106 7 1 17.538 -12.185 Mizuho Financial 6 6.170 1,283 2 15 1.710 4.460 Bank of Communications 7 5.054 3,876 5 6 4.264 0.790 Mitsubishi UFJ Financial Group Inc 8 5.913 1,230 2 8 3.755 2.158 Shanghai Pudong Development Bank Co Ltd 8 4.852 3,722 2 13 2.654 2.198 Chong Hing Bank Ltd 9 3.606 750 1 21 0.814 2.792 Oversea-Chinese Banking Corp 9 4.849 3,719 5 20 1.200 3.649 Industrial & Comm Bank of China 9 3.606 750 1 3 5.069 -1.463 Mizuho Financial 10 4.823 3,699 5 14 2.369 2.454 Fubon Financial Holding Co Ltd 11 2.564 533 1 21 0.814 1.750 Mitsubishi UFJ Financial Group Inc 11 4.141 3,176 5 7 4.240 -0.099 Bank of East Asia Ltd 12 2.308 480 1 21 0.814 1.494 DBS Group 12 4.012 3,077 4 8 3.869 0.143 Oversea-Chinese Banking Corp 12 2.308 480 1 25 0.735 1.573 Citi 13 3.922 3,008 3 22 1.039 2.883 Agricultural Bank of China Ltd 12 2.308 480 1 9 3.699 -1.391 Bank of East Asia Ltd 14 3.856 2,957 5 21 1.155 2.701 ------Agricultural Bank of China Ltd 15 3.532 2,709 4 10 3.067 0.465 ------ANZ Banking Group 16 3.517 2,697 4 11 2.885 0.632 ------China Merchants Bank 17 3.229 2,477 2 9 3.640 -0.411 ------Chong Hing Bank Ltd 18 3.194 2,450 7 28 0.570 2.624 ------Credit Agricole CIB 19 2.809 2,154 2 19 1.289 1.520 ------United Overseas Bank 20 2.732 2,096 3 16 1.468 1.264 TOTAL 100% 20,800 6 100% TOTAL 100% 76,699 16 100%
Bloomberg League Table Reports Page 30 Bloomberg Global Syndicated Loans | Q1 2017
Korean Borrower Loans (Bookrunner) Korean Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) KB Financial Group Inc 1 46.564 1,925 10 4 9.347 37.217 KB Financial Group Inc 1 38.547 1,925 10 4 9.690 28.857 Korea Development Bank 2 23.816 985 4 1 43.707 -19.891 Korea Development Bank 2 19.715 985 4 1 33.354 -13.639 NH Investment & Securities Co Ltd 3 5.145 213 1 - - 5.145 Sumitomo Mitsui Financial 3 5.205 260 4 14 0.937 4.268 Mirae Asset Daewoo Co Ltd 3 5.145 213 1 - - 5.145 NH Investment & Securities Co Ltd 4 4.259 213 1 - - 4.259 Korea Investment & Securities Co 3 5.145 213 1 6 3.556 1.589 Mirae Asset Daewoo Co Ltd 4 4.259 213 1 - - 4.259 Samsung Securities Co Ltd 3 5.145 213 1 - - 5.145 Korea Investment & Securities Co 4 4.259 213 1 5 6.452 -2.193 Kyobo Life Insurance Co Ltd 7 3.487 144 2 - - 3.487 Samsung Securities Co Ltd 4 4.259 213 1 5 6.452 -2.193 Hana Financial Group Inc 8 2.864 118 1 5 7.796 -4.932 Kyobo Life Insurance Co Ltd 8 2.887 144 2 - - 2.887 Shinhan Financial Group Co Ltd 9 2.144 89 1 2 14.925 -12.781 DBS Group 9 2.603 130 2 - - 2.603 NongHyup Life Insurance Co Ltd 10 0.545 23 1 - - 0.545 China Construction Bank 10 2.503 125 1 10 1.348 1.155 ------Hana Financial Group Inc 11 2.371 118 1 7 6.121 -3.750 ------Shinhan Financial Group Co Ltd 12 1.775 89 1 2 11.474 -9.699 ------Credit Agricole CIB 13 1.602 80 1 12 1.030 0.572 ------Citi 13 1.602 80 1 - - 1.602 ------HSBC 13 1.602 80 1 - - 1.602 ------Bank of China 16 1.001 50 1 - - 1.001 ------BNP Paribas 16 1.001 50 1 - - 1.001 ------NongHyup Life Insurance Co Ltd 18 0.451 23 1 - - 0.451 ------Mitsubishi UFJ Financial Group Inc 19 0.100 5 1 10 1.348 -1.248 ------TOTAL 100% 4,134 17 100% TOTAL 100% 4,994 21 100%
Indian Borrower Loans (Bookrunner) Indian Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (INR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (INR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) State Bank of India 1 32.634 228,452 11 2 17.631 15.003 State Bank of India 1 29.838 223,340 11 2 20.177 9.661 Axis Bank Ltd 2 12.667 88,672 11 1 23.426 -10.759 Axis Bank Ltd 2 11.710 87,647 12 1 21.203 -9.493 ICICI 3 7.622 53,355 11 6 4.465 3.157 ICICI 3 7.081 53,005 12 6 4.243 2.838 Standard Chartered Bank 4 6.396 44,776 7 3 6.284 0.112 Standard Chartered Bank 4 5.763 43,139 8 3 5.113 0.650 Yes Bank 5 3.024 21,172 5 18 0.936 2.088 HSBC 5 2.961 22,166 6 - - 2.961 HSBC 6 3.015 21,109 4 - - 3.015 Yes Bank 6 2.829 21,172 5 22 0.894 1.935 IDFC Bank Ltd 7 2.971 20,800 2 9 4.319 -1.348 IDFC Bank Ltd 7 2.779 20,800 2 8 4.125 -1.346 Indusind Bank Ltd 8 2.824 19,768 12 15 1.730 1.094 Indusind Bank Ltd 8 2.641 19,768 12 15 1.652 0.989 Mitsubishi UFJ Financial Group Inc 9 2.432 17,022 3 4 5.188 -2.756 Mitsubishi UFJ Financial Group Inc 9 2.260 16,918 4 4 4.943 -2.683 BNP Paribas 10 2.415 16,904 3 21 0.676 1.739 BNP Paribas 10 2.120 15,867 4 18 1.226 0.894 IDBI Bank Ltd 11 2.260 15,820 4 12 2.341 -0.081 IDBI Bank Ltd 11 2.114 15,820 4 13 2.235 -0.121 Barclays 12 2.094 14,661 3 20 0.758 1.336 DBS Group 12 1.814 13,580 3 21 0.931 0.883 National Bank of Abu Dhabi 13 1.831 12,817 2 21 0.676 1.155 Bank of China 13 1.779 13,313 3 - - 1.779 Deutsche Bank 14 1.539 10,770 1 19 0.888 0.651 Citi 14 1.703 12,748 3 7 4.158 -2.455 ANZ Banking Group 15 1.511 10,574 2 5 4.892 -3.381 Sumitomo Mitsui Financial 15 1.658 12,413 3 5 4.284 -2.626 DBS Group 16 1.444 10,106 2 25 0.546 0.898 National Bank of Abu Dhabi 16 1.638 12,262 3 24 0.646 0.992 Citi 17 1.411 9,874 2 7 4.457 -3.046 Barclays 17 1.499 11,223 3 27 0.550 0.949 Mizuho Financial 17 1.411 9,874 2 10 3.234 -1.823 Deutsche Bank 18 1.439 10,770 1 23 0.772 0.667 Korea Development Bank 19 0.810 5,669 1 - - 0.810 Korea Development Bank 19 1.278 9,569 2 28 0.435 0.843 Credit Agricole CIB 19 0.810 5,669 1 11 3.064 -2.254 Scotiabank 20 1.222 9,143 2 29 0.424 0.798 TOTAL 100% 700,034 60 100% TOTAL 100% 748,504 63 100%
Bloomberg League Table Reports Page 31 Bloomberg Global Syndicated Loans | Q1 2017
Singaporean Borrower Loans (Bookrunner) Singaporean Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Maybank 1 58.665 1,051 3 - - 58.665 Maybank 1 17.503 550 3 19 1.073 16.430 CIMB 2 8.323 149 1 - - 8.323 United Overseas Bank 2 15.767 496 4 1 15.247 0.520 Standard Chartered Bank 3 7.031 126 1 1 17.990 -10.959 Bank of China 3 15.391 484 3 7 5.279 10.112 Bank of China 4 4.940 89 1 6 7.375 -2.435 Oversea-Chinese Banking Corp 4 13.420 422 3 2 15.017 -1.597 HSBC 4 4.940 89 1 - - 4.940 Hong Leong Investment Bank Bhd 5 6.651 209 1 9 3.115 3.536 DBS Group 4 4.940 89 1 12 3.688 1.252 DBS Group 6 5.175 163 3 3 14.460 -9.285 China Minsheng Banking Corp Ltd 7 3.720 67 1 - - 3.720 HSBC 7 4.539 143 2 4 7.313 -2.774 Deutsche Bank 7 3.720 67 1 6 7.375 -3.655 Qatar National Bank 8 3.069 96 2 - - 3.069 Qatar National Bank 7 3.720 67 1 - - 3.720 China Minsheng Banking Corp Ltd 9 2.121 67 1 - - 2.121 ------Deutsche Bank 9 2.121 67 1 10 2.848 -0.727 ------CTBC Financial Holding Co Ltd 11 1.951 61 2 - - 1.951 ------CIMB 12 1.585 50 2 - - 1.585 ------National Agricultural Cooperative Federation 13 1.318 41 1 - - 1.318 ------KB Securities Co Ltd 13 1.318 41 1 - - 1.318 ------Intesa Sanpaolo 15 1.113 35 1 - - 1.113 ------ANZ Banking Group 15 1.113 35 1 5 5.759 -4.646 ------E.Sun Financial Holding Co Ltd 17 1.002 32 1 - - 1.002 ------Standard Chartered Bank 17 1.002 32 1 6 5.535 -4.533 ------Cathay United Bank Co Ltd 17 1.002 32 1 - - 1.002 ------Bank of East Asia Ltd 20 0.949 30 1 15 1.100 -0.151 TOTAL 100% 1,791 6 100% TOTAL 100% 3,143 12 100%
Indonesian Borrower Loans (Bookrunner) Indonesian Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Mitsubishi UFJ Financial Group Inc 1 19.614 524 3 - - 19.614 Mitsubishi UFJ Financial Group Inc 1 23.571 1,627 8 - - 23.571 China Construction Bank 2 19.460 520 1 - - 19.460 Mizuho Financial 2 10.700 739 7 8 5.185 5.515 Bank Negara Indonesia (Persero) Tbk PT 3 13.537 362 2 8 4.741 8.796 Sumitomo Mitsui Financial 3 10.552 728 7 1 29.743 -19.191 CTBC Financial Holding Co Ltd 4 6.861 183 2 16 1.557 5.304 Oversea-Chinese Banking Corp 4 8.471 585 4 - - 8.471 CIMB 5 6.549 175 1 13 3.750 2.799 China Construction Bank 5 7.534 520 1 - - 7.534 Oversea-Chinese Banking Corp 6 4.990 133 2 - - 4.990 Sumitomo Mitsui Trust Holdings Inc 6 7.064 488 3 - - 7.064 Sumitomo Mitsui Financial 7 4.366 117 2 3 10.896 -6.530 Norinchukin Bank 7 6.944 479 1 - - 6.944 Mizuho Financial 7 4.366 117 2 4 9.339 -4.973 Bank Negara Indonesia (Persero) Tbk PT 8 5.874 405 3 5 5.666 0.208 DBS Group 9 3.119 83 1 16 1.557 1.562 ANZ Banking Group 9 2.041 141 4 17 1.620 0.421 Citi 9 3.119 83 1 - - 3.119 CTBC Financial Holding Co Ltd 10 1.614 111 4 20 1.080 0.534 ANZ Banking Group 9 3.119 83 1 11 4.670 -1.551 HSBC 11 1.434 99 3 3 7.057 -5.623 BNP Paribas 9 3.119 83 1 1 12.037 -8.918 DBS Group 12 1.198 83 2 10 2.700 -1.502 United Overseas Bank 9 3.119 83 1 - - 3.119 Bank of China 13 1.165 80 2 - - 1.165 Commerzbank 9 3.119 83 1 - - 3.119 Korea Development Bank 14 0.836 58 1 - - 0.836 Standard Chartered Bank 15 1.546 41 2 7 5.306 -3.760 Maybank 14 0.836 58 1 11 1.987 -1.151 ------Citi 14 0.836 58 1 - - 0.836 ------BNP Paribas 14 0.836 58 1 3 7.057 -6.221 ------United Overseas Bank 14 0.836 58 1 - - 0.836 ------Commerzbank 14 0.836 58 1 - - 0.836 ------Cathay United Bank Co Ltd 14 0.836 58 1 - - 0.836 TOTAL 100% 2,672 10 100% TOTAL 100% 6,902 17 100%
Bloomberg League Table Reports Page 32 Bloomberg Global Syndicated Loans | Q1 2017
Malaysian Borrower Loans (Bookrunner) Malaysian Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) DBS Group 1 50.000 162 1 2 16.012 33.988 Credit Suisse 1 27.570 300 1 - - 27.570 Standard Chartered Bank 1 50.000 162 1 2 16.012 33.988 Sumitomo Mitsui Financial 2 18.364 200 2 7 5.276 13.088 ------Mitsubishi UFJ Financial Group Inc 3 12.407 135 1 2 18.899 -6.492 ------Oversea-Chinese Banking Corp 4 7.683 84 2 4 10.398 -2.715 ------Standard Chartered Bank 4 7.683 84 2 7 5.276 2.407 ------DBS Group 6 5.958 65 1 1 26.961 -21.003 ------Bank of China 6 5.958 65 1 - - 5.958 ------Maybank 8 4.217 46 1 5 6.128 -1.911 ------HSBC 8 4.217 46 1 - - 4.217 ------RHB 8 4.217 46 1 11 1.177 3.040 ------Affin Hwang Capital 11 1.726 19 1 9 4.536 -2.810 ------TOTAL 100% 324 1 100% TOTAL 100% 1,088 5 100%
Thai Borrower Loans (Bookrunner) Thai Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Mizuho Financial 1 100.000 160 1 - - 100.000 Mizuho Financial 1 32.784 185 2 5 7.043 25.741 ------Sumitomo Mitsui Financial 2 25.328 143 2 5 7.043 18.285 ------Bank of Ayudhya PCL 3 20.944 118 1 18 0.655 20.289 ------Bangkok Bank PCL 3 20.944 118 1 2 9.087 11.857 ------TOTAL 100% 160 1 100% TOTAL 100% 563 3 100%
Bloomberg League Table Reports Page 33 Bloomberg Global Syndicated Loans | Q1 2017
Taiwanese Borrower Loans (Bookrunner) Taiwanese Borrower Loans (Mandated Lead Arranger) Q1 2017 Q1 2016 Q1 2017 Q1 2016
Mkt Volume (USD Deal Mkt Volume (USD Firm Rank Share(%) Mln) Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Share(%) Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of Taiwan 1 31.175 871 9 4 9.400 21.775 Bank of Taiwan 1 28.388 793 9 3 8.719 19.669 Land Bank of Taiwan 2 14.389 402 2 7 5.757 8.632 Land Bank of Taiwan 2 14.389 402 2 8 5.602 8.787 Taishin Financial Holding Co Ltd 3 12.527 350 2 11 3.944 8.583 Taishin Financial Holding Co Ltd 3 12.527 350 2 12 4.354 8.173 Mega Financial Holding Co Ltd 4 11.268 315 6 3 9.680 1.588 Mega Financial Holding Co Ltd 4 11.803 330 7 2 8.933 2.870 First Commercial Bank 5 8.046 225 4 1 14.408 -6.362 Taiwan Cooperative Financial Holding Co 5 10.151 284 7 7 6.658 3.493 Taiwan Cooperative Financial Holding Co 6 7.672 214 4 13 3.008 4.664 Ltd Ltd Taiwan Business Bank 6 5.500 154 4 10 5.078 0.422 Fubon Financial Holding Co Ltd 7 4.969 139 2 5 8.313 -3.344 First Commercial Bank 7 4.520 126 4 6 7.440 -2.920 E.Sun Financial Holding Co Ltd 8 3.085 86 3 10 3.952 -0.867 Fubon Financial Holding Co Ltd 8 3.737 104 2 5 7.881 -4.144 Hua Nan Commercial Bank 9 2.505 70 1 6 7.387 -4.882 E.Sun Financial Holding Co Ltd 9 2.957 83 3 13 3.924 -0.967 Taiwan Business Bank 10 2.073 58 2 14 2.162 -0.089 Hua Nan Commercial Bank 10 2.505 70 1 1 9.641 -7.136 Chang Hwa Commercial Bank 11 1.326 37 1 12 3.121 -1.795 King's Town Bank 11 1.232 34 1 - - 1.232 Yuanta Financial Holding Co Ltd 12 0.646 18 2 21 0.372 0.274 Entie Commercial Bank 12 0.980 27 2 - - 0.980 Entie Commercial Bank 13 0.317 9 1 - - 0.317 Chang Hwa Commercial Bank 13 0.663 19 1 14 2.919 -2.256 ------Yuanta Financial Holding Co Ltd 14 0.646 18 2 22 0.555 0.091 ------TOTAL 100% 2,793 19 100% TOTAL 100% 2,793 19 100%
Bloomberg League Table Reports Page 34 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 per loan, 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. 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 Loans Unrated 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 Loans a. 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 Loans a. primary use of proceeds is LBO, MBO, recapitalization, secondary buyout; b. a private equity sponsor is present; c. 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.
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
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.