EMEA CAPITAL MARKETS LEAGUE TABLES FY 2019 FY 2019
MANAGER RANKINGS EMEA CAPITAL MARKETS
The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards.
LEAG
MA
NI LEAG CRL
Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.
DATA SUBMISSIONS AND QUERIES
Contact Phone Email Equities Dimitri Quemard +44 20 3525 4343 [email protected]
Fixed Income Pietro Stimamiglio +44 20 3525 2785 [email protected]
Loans Nadine Ali +44 20 3525 8782 [email protected]
© 2019 Bloomberg Finance L.P. All rights reserved. Bloomberg EMEA Capital Markets | FY 2019
European Bonds: Industry Breakdown EMEA Fixed Income
21%
6% 46% European Bonds
FY 2019 FY 2018 28% Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) BNP Paribas 1 5.553 96,652 606 4 4.748 0.805 HSBC 2 5.509 95,888 616 1 6.553 -1.044 Financials 46% Barclays 3 5.055 87,987 508 2 5.651 -0.596 Government 28% JP Morgan 4 4.858 84,550 535 3 4.835 0.023 Consumer Discretionary 6% Deutsche Bank 5 4.305 74,927 527 5 4.526 -0.221 Others 21% Credit Agricole CIB 6 4.233 73,681 479 8 3.499 0.734 Citi 7 4.019 69,959 458 6 4.042 -0.023 Societe Generale 8 3.914 68,122 427 7 3.601 0.313 European Bonds: Manager Rankings History UniCredit 9 3.899 67,865 485 11 2.977 0.922 2019 2018 2017 BofA Securities 10 3.254 56,636 381 10 3.210 0.044 10 Goldman Sachs 11 3.213 55,930 363 9 3.393 -0.180 NatWest Markets 12 2.770 48,221 333 12 2.745 0.025 8 ) % (
e
Morgan Stanley 13 2.507 43,633 298 14 2.386 0.121 r 6 a h S
Credit Suisse 14 2.418 42,090 351 13 2.585 -0.167 t e
k 4 r a
Commerzbank 15 2.126 37,002 311 16 2.099 0.027 M Natixis 16 2.000 34,817 300 18 2.024 -0.024 2 Banco Santander 17 1.907 33,199 277 17 2.041 -0.134 0 s s n k a C y a n IB b B a g a C UBS 18 1.825 31,762 275 15 2.213 -0.388 ri S l r a H rc o B le a M e o P h c P B P c ri N J ts g Landesbank Baden- 19 1.598 27,816 237 23 1.479 0.119 B u A e it D d re Wuerttemberg C ING Groep 20 1.565 27,233 268 21 1.678 -0.113 TOTAL 100% 1,740,581 7,200 100%
This table consists of debt securities issued by European issuers. This excludes bonds with warrants, convertible securities, credit-linked securities and structured notes. There is a minimum threshold of 18 months for maturities, call or put periods, and EUR 35MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details.
Bloomberg League Table Reports Page 1 Bloomberg EMEA Capital Markets | FY 2019
Western European Bonds Eastern European Bonds FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (EUR 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(%) BNP Paribas 1 6.289 106,299 598 3 5.038 1.251 VTB Capital 1 10.356 9,840 101 1 12.149 -1.793 HSBC 2 5.599 94,633 605 1 6.546 -0.947 Gazprombank 2 8.621 8,191 89 5 5.556 3.065 Barclays 3 5.243 88,613 504 2 5.646 -0.403 JP Morgan 3 7.465 7,093 45 2 6.637 0.828 JP Morgan 4 4.598 77,717 486 4 4.594 0.004 Citi 4 7.022 6,671 38 3 5.733 1.289 Credit Agricole CIB 5 4.350 73,528 474 7 3.542 0.808 Sberbank CIB CJSC 5 5.673 5,390 87 6 5.299 0.374 Deutsche Bank 6 4.316 72,945 514 5 4.394 -0.078 Societe Generale 6 4.747 4,511 48 9 3.611 1.136 UniCredit 7 3.960 66,931 443 10 3.280 0.680 Erste Group Bank 7 4.703 4,468 46 7 5.176 -0.473 Societe Generale 8 3.758 63,520 377 8 3.466 0.292 UniCredit 8 3.336 3,170 45 4 5.562 -2.226 Citi 9 3.732 63,072 415 6 3.785 -0.053 Raiffeisen Bank International Group 9 3.287 3,123 48 10 3.312 -0.025 BofA Securities 10 3.335 56,372 379 11 3.246 0.089 ING Groep 10 3.260 3,098 24 13 2.410 0.850 Goldman Sachs 11 3.239 54,754 356 9 3.369 -0.130 Credit Bank of Moscow 11 3.242 3,080 65 25 1.318 1.924 NatWest Markets 12 2.853 48,221 333 12 2.905 -0.052 BNP Paribas 12 3.143 2,986 13 14 2.281 0.862 Morgan Stanley 13 2.571 43,448 296 15 2.395 0.176 Sovcombank ICB JSC 13 2.907 2,762 75 16 2.192 0.715 Credit Suisse 14 2.480 41,911 348 13 2.587 -0.107 Deutsche Bank 14 2.328 2,212 13 8 4.501 -2.173 Commerzbank 15 2.099 35,478 292 17 2.130 -0.031 REGION Investment Co 15 2.240 2,128 38 11 2.920 -0.680 Natixis 16 2.027 34,253 295 18 2.005 0.022 Intesa Sanpaolo 16 1.901 1,806 13 20 1.653 0.248 Banco Santander 17 1.923 32,510 268 16 2.136 -0.213 Alfa Bank 17 1.874 1,781 34 18 1.773 0.101 UBS 18 1.872 31,642 265 14 2.507 -0.635 Commerzbank 18 1.723 1,637 18 24 1.403 0.320 Landesbank Baden-Wuerttemberg 19 1.640 27,716 232 23 1.486 0.154 HSBC 19 1.482 1,408 11 15 2.196 -0.714 Banco Bilbao Vizcaya Argentaria 20 1.604 27,119 148 31 1.058 0.546 Goldman Sachs 20 1.393 1,324 7 21 1.622 -0.229 TOTAL 100% 1,690,233 6,737 100% TOTAL 100% 95,010 477 100%
Western European Corporate High Yield Bonds - Risk Euro & Sterling Corporate & Financial Bonds FY 2019 FY 2018 FY 2019 FY 2018
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(%) Citi 1 8.703 7,125 58 7 4.016 4.687 BNP Paribas 1 7.631 84,524 542 1 6.328 1.303 JP Morgan 2 8.207 6,719 62 4 6.732 1.475 Barclays 2 5.635 62,414 425 5 4.261 1.374 Goldman Sachs 3 7.939 6,500 63 1 8.821 -0.882 HSBC 3 5.531 61,267 485 2 6.001 -0.470 Deutsche Bank 4 6.992 5,725 57 3 7.351 -0.359 JP Morgan 4 4.706 52,129 402 8 3.504 1.202 BNP Paribas 5 6.867 5,622 60 5 6.064 0.803 Deutsche Bank 5 4.492 49,752 398 3 5.392 -0.900 Barclays 6 6.178 5,058 49 6 5.688 0.490 Credit Agricole CIB 6 4.408 48,829 359 7 3.970 0.438 HSBC 7 5.019 4,109 53 8 3.998 1.021 Societe Generale 7 4.249 47,062 332 4 4.447 -0.198 BofA Securities 8 4.906 4,017 36 11 3.266 1.640 UniCredit 8 3.866 42,825 371 6 4.045 -0.179 Credit Agricole CIB 9 4.085 3,345 43 9 3.607 0.478 Citi 9 3.707 41,059 350 17 2.518 1.189 Credit Suisse 10 3.979 3,258 39 2 8.015 -4.036 BofA Securities 10 3.450 38,210 279 15 2.645 0.805 Societe Generale 11 3.299 2,701 36 12 2.769 0.530 Goldman Sachs 11 3.095 34,284 291 9 3.264 -0.169 Morgan Stanley 12 2.902 2,376 30 10 3.573 -0.671 NatWest Markets 12 2.780 30,795 258 10 2.988 -0.208 UBS 13 2.531 2,072 18 18 1.615 0.916 Banco Santander 13 2.694 29,836 256 14 2.701 -0.007 UniCredit 14 2.446 2,003 18 14 2.474 -0.028 Commerzbank 14 2.571 28,481 252 16 2.533 0.038 ING Groep 15 2.441 1,999 26 13 2.482 -0.041 Morgan Stanley 15 2.552 28,262 203 19 2.126 0.426 Natixis 16 1.933 1,583 22 15 1.980 -0.047 Natixis 16 2.436 26,988 211 11 2.853 -0.417 BMO Capital Markets 17 1.567 1,283 5 - - 1.567 Credit Suisse 17 2.185 24,205 184 21 1.849 0.336 Banco Santander 18 1.443 1,181 13 28 0.980 0.463 ING Groep 18 2.144 23,744 221 18 2.400 -0.256 Commerzbank 19 1.305 1,069 14 31 0.892 0.413 Landesbank Hessen-Thuringen Girozentrale 19 2.023 22,412 219 13 2.764 -0.741 NatWest Markets 20 1.258 1,030 17 19 1.492 -0.234 Landesbank Baden-Wuerttemberg 20 1.878 20,801 191 24 1.748 0.130 TOTAL 100% 81,874 197 100% TOTAL 100% 1,107,650 3,292 100%
Bloomberg League Table Reports Page 2 Bloomberg EMEA Capital Markets | FY 2019
EMEA Corporate High Yield Bonds (inc EM) - Risk EMEA Corporate Investment Grade Bonds (inc EM) FY 2019 FY 2018 FY 2019 FY 2018
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(%) Citi 1 9.084 10,633 88 7 4.808 4.276 Barclays 1 7.749 25,329 175 6 4.492 3.257 JP Morgan 2 8.138 9,526 88 2 6.612 1.526 BNP Paribas 2 7.702 25,177 226 1 7.898 -0.196 Goldman Sachs 3 6.514 7,625 75 3 6.570 -0.056 HSBC 3 5.733 18,739 175 4 5.620 0.113 Deutsche Bank 4 6.179 7,233 67 4 6.154 0.025 BofA Securities 4 4.745 15,509 116 14 3.244 1.501 BNP Paribas 5 5.710 6,683 72 5 5.923 -0.213 Societe Generale 5 4.694 15,344 131 2 6.428 -1.734 Barclays 6 4.611 5,397 53 6 5.127 -0.516 Citi 6 4.461 14,582 136 11 3.578 0.883 HSBC 7 4.550 5,326 67 8 4.416 0.134 Deutsche Bank 7 4.355 14,234 134 3 6.054 -1.699 BofA Securities 8 4.213 4,932 45 13 2.775 1.438 Credit Agricole CIB 8 4.195 13,713 127 7 4.484 -0.289 Societe Generale 9 3.524 4,125 63 11 2.862 0.662 Banco Santander 9 3.986 13,027 117 13 3.366 0.620 Credit Suisse 10 3.232 3,784 45 1 6.797 -3.565 UniCredit 10 3.928 12,839 122 5 4.697 -0.769 Credit Agricole CIB 11 3.168 3,709 49 9 3.250 -0.082 JP Morgan 11 3.624 11,846 119 8 4.040 -0.416 UniCredit 12 2.600 3,043 34 12 2.791 -0.191 Commerzbank 12 3.590 11,734 111 16 2.633 0.957 ING Groep 13 2.271 2,658 33 14 2.748 -0.477 Goldman Sachs 13 3.415 11,161 97 12 3.577 -0.162 Morgan Stanley 14 2.165 2,535 32 10 3.060 -0.895 NatWest Markets 14 2.682 8,766 94 15 2.809 -0.127 UBS 15 2.011 2,353 22 17 1.474 0.537 ING Groep 15 2.440 7,975 89 10 3.822 -1.382 Natixis 16 1.764 2,065 28 15 2.312 -0.548 Mitsubishi UFJ Financial Group Inc 16 2.379 7,776 93 9 3.831 -1.452 VTB Capital 17 1.665 1,948 42 27 0.841 0.824 Sumitomo Mitsui Financial 17 2.211 7,226 73 24 1.302 0.909 NatWest Markets 18 1.348 1,578 23 19 1.310 0.038 Morgan Stanley 18 2.144 7,008 56 19 1.995 0.149 Gazprombank 19 1.174 1,375 33 41 0.585 0.589 Credit Suisse 19 1.911 6,246 60 18 2.183 -0.272 Banco Santander 20 1.132 1,325 15 24 0.944 0.188 Banco Bilbao Vizcaya Argentaria 20 1.792 5,858 53 22 1.617 0.175 TOTAL 100% 117,055 360 100% TOTAL 100% 326,870 742 100%
International Bonds International Sukuk FY 2019 FY 2018 FY 2019 FY 2018
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 7.722 310,527 2,007 1 7.240 0.482 Standard Chartered Bank 1 17.187 5,016 35 2 12.567 4.620 Citi 2 6.560 263,781 1,650 3 6.198 0.362 HSBC 2 8.725 2,546 21 1 13.437 -4.712 HSBC 3 5.516 221,801 1,518 2 6.316 -0.800 Dubai Islamic Bank 3 6.579 1,920 20 4 7.075 -0.496 Barclays 4 5.492 220,845 1,318 5 5.502 -0.010 First Abu Dhabi Bank PJSC 4 6.533 1,907 20 7 4.221 2.312 BofA Securities 5 5.438 218,688 1,475 4 5.730 -0.292 Emirates NBD PJSC 5 5.646 1,648 18 9 3.758 1.888 BNP Paribas 6 4.479 180,125 1,172 8 4.046 0.433 JP Morgan 6 5.568 1,625 7 5 5.676 -0.108 Goldman Sachs 7 4.389 176,481 1,128 6 4.783 -0.394 Kuwait Finance House 7 5.502 1,606 9 15 2.197 3.305 Deutsche Bank 8 4.073 163,774 1,136 7 4.389 -0.316 Citi 8 5.471 1,597 10 3 9.529 -4.058 Morgan Stanley 9 3.859 155,174 997 9 3.646 0.213 Bank Al-Jazira 9 2.855 833 1 - - 2.855 Credit Agricole CIB 10 3.101 124,684 904 10 2.721 0.380 Sharjah Islamic Bank 10 2.567 749 7 13 2.593 -0.026 Societe Generale 11 2.451 98,569 615 11 2.575 -0.124 Deutsche Bank 11 2.566 749 7 30 0.495 2.071 Credit Suisse 12 2.449 98,496 795 12 2.391 0.058 Gulf International Bank BSC 12 2.421 707 5 10 3.241 -0.820 Wells Fargo 13 2.287 91,971 628 14 2.026 0.261 Maybank 13 2.260 660 11 - - 2.260 RBC Capital Markets 14 2.063 82,971 586 13 2.379 -0.316 Bank ABC 14 1.793 523 6 19 1.362 0.431 UniCredit 15 2.038 81,950 496 15 1.834 0.204 Warba Bank 15 1.523 445 5 34 0.247 1.276 TD Securities 16 1.797 72,245 460 17 1.782 0.015 BNP Paribas 16 1.490 435 4 11 3.091 -1.601 Mizuho Financial 17 1.773 71,308 802 16 1.812 -0.039 Bank Mandiri 17 1.370 400 2 - - 1.370 Mitsubishi UFJ Financial Group Inc 18 1.734 69,719 622 20 1.550 0.184 Qatar National Bank 18 1.340 391 5 - - 1.340 NatWest Markets 19 1.601 64,361 404 18 1.731 -0.130 National Bank of Bahrain BSC 19 1.276 372 3 24 0.792 0.484 UBS 20 1.374 55,243 457 19 1.598 -0.224 Abu Dhabi Islamic Bank 20 1.187 346 5 8 4.122 -2.935 TOTAL 100% 4,021,301 10,688 100% TOTAL 100% 29,187 55 100%
Bloomberg League Table Reports Page 3 Bloomberg EMEA Capital Markets | FY 2019
Euro Currency Bonds Sterling Bonds FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (GBP Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) BNP Paribas 1 6.702 93,871 585 1 6.152 0.550 HSBC 1 12.908 18,388 123 1 13.865 -0.957 JP Morgan 2 5.826 81,608 469 5 4.912 0.914 Barclays 2 11.987 17,076 119 3 10.705 1.282 HSBC 3 5.306 74,322 520 2 5.929 -0.623 NatWest Markets 3 10.958 15,611 124 2 11.977 -1.019 Credit Agricole CIB 4 5.300 74,232 445 6 4.794 0.506 RBC Capital Markets 4 7.144 10,177 87 4 8.874 -1.730 Barclays 5 5.059 70,868 412 7 4.770 0.289 BofA Securities 5 6.565 9,352 70 10 3.861 2.704 UniCredit 6 4.993 69,944 461 8 4.308 0.685 Citi 6 6.157 8,771 54 13 2.961 3.196 Deutsche Bank 7 4.901 68,651 477 3 5.412 -0.511 Lloyds Bank 7 5.823 8,295 62 5 6.672 -0.849 Societe Generale 8 4.869 68,195 378 4 5.161 -0.292 JP Morgan 8 4.713 6,715 56 7 4.829 -0.116 Citi 9 4.095 57,361 404 10 3.582 0.513 TD Securities 9 4.504 6,416 45 8 4.294 0.210 Goldman Sachs 10 3.917 54,860 328 9 3.762 0.155 Deutsche Bank 10 3.545 5,050 31 9 3.954 -0.409 BofA Securities 11 3.880 54,347 322 12 3.042 0.838 BNP Paribas 11 3.144 4,480 33 15 2.246 0.898 Natixis 12 2.795 39,146 295 13 2.873 -0.078 Banco Santander 12 3.043 4,335 32 11 3.395 -0.352 Commerzbank 13 2.750 38,514 312 11 3.367 -0.617 Morgan Stanley 13 2.616 3,726 29 16 1.930 0.686 Morgan Stanley 14 2.471 34,618 209 19 2.135 0.336 Goldman Sachs 14 2.220 3,163 31 14 2.434 -0.214 NatWest Markets 15 2.314 32,416 210 14 2.642 -0.328 Credit Suisse 15 2.003 2,853 25 12 2.975 -0.972 Banco Santander 16 2.201 30,831 247 17 2.246 -0.045 FMS Wertmanagement 16 2.001 2,850 3 19 0.996 1.005 Landesbank Baden-Wuerttemberg 17 2.123 29,743 243 20 2.115 0.008 Nomura 17 1.795 2,557 20 6 5.191 -3.396 ING Groep 18 1.963 27,498 254 18 2.238 -0.275 UBS 18 1.090 1,553 10 17 1.617 -0.527 Landesbank Hessen-Thuringen 19 1.810 25,358 276 15 2.302 -0.492 Wells Fargo 19 1.019 1,452 13 46 0.066 0.953 Girozentrale Credit Agricole CIB 20 0.833 1,186 19 25 0.301 0.532 DZ Bank 20 1.775 24,864 252 16 2.283 -0.508 TOTAL 100% 142,460 428 100% TOTAL 100% 1,400,723 4,050 100%
Swiss Franc Bonds Swedish Krona Bonds FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (CHF Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (SEK Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Credit Suisse 1 27.223 16,351 168 1 26.084 1.139 Nordea 1 21.795 113,022 238 1 21.373 0.422 UBS 2 23.653 14,207 155 2 23.253 0.400 Swedbank 2 21.294 110,424 198 4 17.000 4.294 PFANDBRIEFZENT 3 13.037 7,830 37 3 11.443 1.594 Danske Bank 3 19.552 101,390 181 2 19.917 -0.365 Zuercher Kantonalbank 4 9.813 5,894 75 4 9.707 0.106 SEB 4 15.263 79,147 155 3 18.203 -2.940 Raiffeisen Switzerland 5 5.683 3,414 54 5 7.611 -1.928 Svenska Handelsbanken 5 8.446 43,797 101 5 10.684 -2.238 BNP Paribas 6 3.670 2,204 19 6 3.254 0.416 DNB ASA 6 6.478 33,592 65 6 5.258 1.220 Basler Kantonalbank 7 2.141 1,286 19 8 1.735 0.406 Pareto Securities 7 0.826 4,282 10 11 0.546 0.280 Commerzbank 8 1.932 1,160 15 10 1.572 0.360 ABG Sundal Collier Asa 8 0.726 3,764 9 10 0.581 0.145 Deutsche Bank 9 1.653 993 14 7 3.196 -1.543 Nykredit Bank A/S 9 0.705 3,658 4 21 0.141 0.564 Luzerner Kantonalbank 10 1.439 864 7 12 1.182 0.257 RBC Capital Markets 10 0.579 3,000 2 21 0.141 0.438 HSBC 11 1.240 745 5 9 1.633 -0.393 TD Securities 10 0.579 3,000 7 12 0.515 0.064 Basellandschaftliche Kantonalbank 12 1.122 674 7 11 1.430 -0.308 Carnegie 12 0.570 2,958 8 17 0.244 0.326 Vontobel Holding AG 13 0.935 561 30 13 1.090 -0.155 JP Morgan 13 0.558 2,892 4 8 0.637 -0.079 St Galler Kantonalbank 14 0.857 515 2 - - 0.857 Credit Agricole CIB 14 0.515 2,670 7 9 0.628 -0.113 Banque Cantonale de Fribourg 15 0.716 430 4 18 0.350 0.366 BNP Paribas 15 0.492 2,550 3 19 0.150 0.342 Banque Cantonale de Geneve 16 0.704 423 10 - - 0.704 Banco Santander 16 0.289 1,500 2 - - 0.289 Zuger Kantonalbank 17 0.666 400 2 26 0.219 0.447 Barclays 17 0.276 1,433 3 29 0.043 0.233 NatWest Markets 18 0.499 300 3 - - 0.499 HSBC 18 0.236 1,225 6 14 0.446 -0.210 Graubundner Kantonalbank 19 0.478 287 2 15 0.876 -0.398 OP Cooperative 19 0.167 867 1 - - 0.167 Aargauische Kantonalbank 20 0.350 210 2 14 1.051 -0.701 Deutsche Bank 20 0.154 800 4 7 1.483 -1.329 TOTAL 100% 60,062 400 100% TOTAL 100% 518,559 736 100%
Bloomberg League Table Reports Page 4 Bloomberg EMEA Capital Markets | FY 2019
Spain Bonds Spain Corporates FY 2019 FY 2018 FY 2019 FY 2018
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(%) Banco Bilbao Vizcaya Argentaria 1 11.234 10,946 59 2 10.643 0.591 Banco Bilbao Vizcaya Argentaria 1 7.317 1,487 18 6 5.086 2.231 Banco Santander 2 9.397 9,156 58 1 12.880 -3.483 Banco Santander 2 7.190 1,461 19 2 6.397 0.793 HSBC 3 8.814 8,587 45 3 8.458 0.356 HSBC 3 6.921 1,406 16 11 3.956 2.965 Societe Generale 4 5.954 5,801 27 8 4.097 1.857 Barclays 4 5.967 1,213 13 4 5.829 0.138 Credit Agricole CIB 5 5.733 5,586 26 12 3.092 2.641 BNP Paribas 5 5.148 1,046 13 5 5.400 -0.252 JP Morgan 6 4.827 4,703 24 6 4.195 0.632 CaixaBank 6 4.587 932 14 7 4.931 -0.344 Barclays 7 4.750 4,628 29 4 8.316 -3.566 JP Morgan 7 4.123 838 11 14 3.063 1.060 Citi 8 3.994 3,891 21 5 6.532 -2.538 Societe Generale 8 3.817 776 11 8 4.241 -0.424 Banco Sabadell 9 3.502 3,412 21 24 0.738 2.764 Credit Agricole CIB 9 3.682 748 11 16 2.785 0.897 Goldman Sachs 10 3.488 3,399 17 11 3.360 0.128 BofA Securities 10 3.319 674 9 15 2.824 0.495 BNP Paribas 11 2.932 2,857 24 7 4.144 -1.212 Citi 11 3.276 666 8 3 6.189 -2.913 NatWest Markets 12 2.837 2,764 17 10 3.362 -0.525 Banco Sabadell 12 3.156 641 9 29 0.988 2.168 Morgan Stanley 13 2.788 2,717 14 17 2.252 0.536 UniCredit 13 2.982 606 9 12 3.465 -0.483 UniCredit 14 2.570 2,505 21 14 2.538 0.032 Mizuho Financial 14 2.944 598 10 18 2.364 0.580 Natixis 15 2.460 2,397 23 18 2.213 0.247 NatWest Markets 15 2.914 592 9 13 3.291 -0.377 BofA Securities 16 2.409 2,347 20 19 1.930 0.479 Mitsubishi UFJ Financial Group Inc 16 2.755 560 9 19 2.325 0.430 CaixaBank 17 2.292 2,233 23 13 2.603 -0.311 Natixis 17 2.700 549 10 22 1.691 1.009 Deutsche Bank 18 2.159 2,103 17 16 2.252 -0.093 Bankia 18 2.616 532 11 32 0.779 1.837 Commerzbank 19 1.900 1,851 19 23 0.941 0.959 Credit Suisse 19 2.359 479 11 9 4.183 -1.824 Credit Suisse 20 1.724 1,680 19 15 2.435 -0.711 Sumitomo Mitsui Financial 20 2.325 472 8 21 1.925 0.400 TOTAL 100% 97,435 207 100% TOTAL 100% 20,319 60 100%
Spain Financials Spain Government & Agencies FY 2019 FY 2018 FY 2019 FY 2018
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(%) Banco Santander 1 10.161 4,556 25 1 14.727 -4.566 Banco Bilbao Vizcaya Argentaria 1 18.976 6,125 25 1 17.083 1.893 Banco Bilbao Vizcaya Argentaria 2 7.435 3,334 16 3 7.466 -0.031 HSBC 2 15.837 5,112 16 2 15.417 0.420 Banco Sabadell 3 5.431 2,435 10 24 0.885 4.546 Societe Generale 3 9.811 3,167 5 8 5.377 4.434 Barclays 4 5.223 2,342 13 4 5.160 0.063 Banco Santander 4 9.727 3,140 14 3 14.514 -4.787 HSBC 5 4.615 2,069 13 8 4.240 0.375 Credit Agricole CIB 5 9.689 3,127 5 10 3.735 5.954 Societe Generale 6 4.145 1,859 11 16 2.812 1.333 Goldman Sachs 6 6.455 2,083 3 11 1.973 4.482 Natixis 7 4.089 1,833 12 5 4.480 -0.391 JP Morgan 7 6.325 2,042 3 6 5.797 0.528 JP Morgan 8 4.067 1,824 10 14 3.274 0.793 Citi 8 5.226 1,687 2 5 9.004 -3.778 Credit Agricole CIB 9 3.814 1,710 10 17 2.646 1.168 Barclays 9 3.325 1,073 3 4 13.034 -9.709 BNP Paribas 10 3.759 1,685 10 20 2.276 1.483 Morgan Stanley 10 2.582 833 1 11 1.973 0.609 Morgan Stanley 11 3.743 1,678 11 18 2.516 1.227 NatWest Markets 10 2.582 833 1 9 4.933 -2.351 BofA Securities 12 3.730 1,672 11 13 3.286 0.444 UniCredit 12 1.239 400 3 - - 1.239 Deutsche Bank 13 3.546 1,590 10 12 3.443 0.103 Abanca Corporacion Bancaria SA 13 1.182 382 4 - - 1.182 Citi 14 3.433 1,539 11 7 4.376 -0.943 ING Groep 14 1.162 375 2 13 0.592 0.570 UniCredit 15 3.342 1,499 9 6 4.449 -1.107 CaixaBank 15 1.087 351 4 - - 1.087 Commerzbank 16 3.109 1,394 11 22 1.514 1.595 Banco Sabadell 16 1.040 336 2 14 0.444 0.596 NatWest Markets 17 2.986 1,339 7 21 1.915 1.071 Bankia 17 0.942 304 6 - - 0.942 Credit Suisse 18 2.677 1,200 8 10 3.819 -1.142 CECABANK SA 18 0.795 256 2 - - 0.795 UBS 19 2.332 1,046 8 11 3.704 -1.372 Banco Cooperativo 19 0.632 204 2 15 0.298 0.334 Goldman Sachs 20 2.119 950 7 15 3.066 -0.947 Deutsche Bank 20 0.595 192 3 - - 0.595 TOTAL 100% 44,838 102 100% TOTAL 100% 32,277 45 100%
Bloomberg League Table Reports Page 5 Bloomberg EMEA Capital Markets | FY 2019
CEEMEA Bonds Russia Bonds inc-Retained Deals FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (RUB Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 9.071 24,353 123 3 6.675 2.396 VTB Capital 1 19.856 631,226 102 1 27.113 -7.257 Citi 2 8.978 24,102 113 1 8.649 0.329 Gazprombank 2 16.437 522,561 88 2 13.019 3.418 Standard Chartered Bank 3 6.408 17,203 97 2 8.046 -1.638 Sberbank CIB CJSC 3 10.713 340,570 85 3 12.460 -1.747 HSBC 4 6.006 16,123 91 5 5.745 0.261 Credit Bank of Moscow 4 6.203 197,200 65 9 3.165 3.038 BNP Paribas 5 4.561 12,246 47 7 2.955 1.606 Sovcombank ICB JSC 5 5.467 173,792 74 6 5.223 0.244 Deutsche Bank 6 4.032 10,824 49 4 5.925 -1.893 JP Morgan 6 5.441 172,988 22 8 3.629 1.812 VTB Capital 7 3.665 9,840 101 6 3.937 -0.272 Societe Generale 7 4.771 151,670 33 14 1.196 3.575 Gazprombank 8 3.185 8,551 92 13 1.747 1.438 REGION Investment Co 8 4.424 140,635 39 4 6.985 -2.561 Goldman Sachs 9 3.087 8,286 31 9 2.566 0.521 Alfa Bank 9 3.594 114,251 34 7 3.943 -0.349 Societe Generale 10 2.899 7,783 91 8 2.628 0.271 Otkritie Holding JSC 10 2.388 75,925 32 18 0.591 1.797 Credit Agricole CIB 11 2.317 6,221 43 24 1.143 1.174 Raiffeisen Bank International Group 11 1.859 59,101 29 11 2.406 -0.547 Sberbank CIB CJSC 12 1.872 5,026 78 14 1.673 0.199 UniCredit 12 1.721 54,719 17 10 2.844 -1.123 First Abu Dhabi Bank PJSC 13 1.866 5,009 36 19 1.304 0.562 Renaissance Capital Pty Ltd 13 1.667 52,987 12 12 2.236 -0.569 Barclays 14 1.785 4,792 35 10 2.365 -0.580 Citi 14 1.631 51,844 8 25 0.262 1.369 Erste Group Bank 15 1.686 4,525 47 15 1.608 0.078 ING Groep 15 1.565 49,745 7 28 0.201 1.364 Morgan Stanley 16 1.668 4,477 33 21 1.270 0.398 BCS Financial Group 16 1.471 46,769 31 15 0.837 0.634 Standard Bank of South Africa 17 1.530 4,109 62 23 1.164 0.366 Rosselkhozbank OJSC 17 1.150 36,550 12 5 6.153 -5.003 ING Groep 18 1.436 3,855 37 18 1.366 0.070 Brokerage Co Region 18 0.948 30,143 9 - - 0.948 National Commercial Bank 19 1.349 3,621 8 73 0.186 1.163 UBS 19 0.935 29,715 6 13 1.578 -0.643 UniCredit 20 1.308 3,511 50 12 1.851 -0.543 Intesa Sanpaolo 20 0.848 26,952 3 - - 0.848 TOTAL 100% 268,459 1,132 100% TOTAL 100% 3,179,098 276 100%
MENA Bonds & Sukuk GCC Bonds & Sukuk FY 2019 FY 2018 FY 2019 FY 2018
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(%) Standard Chartered Bank 1 11.681 12,854 79 1 16.237 -4.556 Standard Chartered Bank 1 11.653 11,631 73 1 16.958 -5.305 HSBC 2 11.065 12,177 69 2 9.787 1.278 HSBC 2 11.198 11,177 66 2 9.869 1.329 Citi 3 9.415 10,361 43 3 8.163 1.252 Citi 3 8.715 8,698 36 3 7.375 1.340 JP Morgan 4 9.325 10,262 44 4 6.628 2.697 JP Morgan 4 8.602 8,585 37 4 5.859 2.743 BNP Paribas 5 5.546 6,103 24 8 2.817 2.729 Deutsche Bank 5 5.110 5,100 28 5 5.378 -0.268 Deutsche Bank 6 4.634 5,100 28 5 6.157 -1.523 First Abu Dhabi Bank PJSC 6 5.018 5,009 36 9 2.763 2.255 First Abu Dhabi Bank PJSC 7 4.552 5,009 36 7 3.397 1.155 BNP Paribas 7 4.875 4,865 18 12 2.352 2.523 Credit Agricole CIB 8 4.393 4,835 33 9 2.752 1.641 Credit Agricole CIB 8 4.844 4,835 33 7 3.060 1.784 Goldman Sachs 9 3.912 4,305 15 16 1.602 2.310 National Commercial Bank 9 3.628 3,621 8 34 0.559 3.069 National Commercial Bank 10 3.291 3,621 8 37 0.503 2.788 Morgan Stanley 10 3.425 3,418 25 16 1.754 1.671 Morgan Stanley 11 3.106 3,418 25 11 2.490 0.616 Goldman Sachs 11 3.311 3,305 12 15 1.781 1.530 Mitsubishi UFJ Financial Group Inc 12 2.469 2,718 23 13 2.188 0.281 Mitsubishi UFJ Financial Group Inc 12 2.723 2,718 23 11 2.433 0.290 Emirates NBD PJSC 13 2.427 2,670 30 22 1.151 1.276 Emirates NBD PJSC 13 2.676 2,670 30 22 1.279 1.397 Societe Generale 14 1.886 2,076 36 31 0.678 1.208 Societe Generale 14 2.080 2,076 36 28 0.754 1.326 Barclays 15 1.822 2,005 13 10 2.540 -0.718 Barclays 15 1.732 1,729 12 8 2.824 -1.092 Natixis 16 1.814 1,997 10 26 0.791 1.023 Credit Suisse 16 1.728 1,725 8 14 2.270 -0.542 Credit Suisse 17 1.567 1,725 8 15 2.041 -0.474 Qatar National Bank 17 1.637 1,634 9 20 1.351 0.286 Qatar National Bank 18 1.485 1,634 9 20 1.215 0.270 ANZ Banking Group 18 1.604 1,601 21 25 0.967 0.637 ANZ Banking Group 19 1.455 1,601 21 25 0.870 0.585 Dubai Islamic Bank 19 1.523 1,520 18 21 1.299 0.224 Dubai Islamic Bank 20 1.381 1,520 18 21 1.168 0.213 Samba Capital 20 1.238 1,236 7 40 0.423 0.815 TOTAL 100% 110,045 352 100% TOTAL 100% 99,806 341 100%
Bloomberg League Table Reports Page 6 Bloomberg EMEA Capital Markets | FY 2019
Africa Bonds Sub-Sahara Africa Bonds FY 2019 FY 2018 FY 2019 FY 2018
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(%) Standard Bank of South Africa 1 11.151 4,766 78 5 6.882 4.269 Standard Bank of South Africa 1 14.664 4,766 78 3 8.187 6.477 JP Morgan 2 10.506 4,491 20 3 8.225 2.281 Standard Chartered Bank 2 9.534 3,099 13 2 12.160 -2.626 Standard Chartered Bank 3 10.113 4,323 19 2 11.618 -1.505 FirstRand Ltd 3 9.362 3,043 50 6 6.143 3.219 Citi 4 9.314 3,981 18 1 13.561 -4.247 Nedbank Ltd 4 9.181 2,984 56 7 5.163 4.018 FirstRand Ltd 5 7.119 3,043 50 6 5.164 1.955 JP Morgan 5 8.657 2,814 13 5 7.244 1.413 Nedbank Ltd 6 6.982 2,984 56 8 4.340 2.642 Citi 6 7.132 2,318 11 1 13.591 -6.459 Deutsche Bank 7 4.890 2,090 5 4 7.830 -2.940 Deutsche Bank 7 6.430 2,090 5 4 7.270 -0.840 BNP Paribas 8 4.356 1,862 8 7 4.377 -0.021 Absa Group Ltd 8 5.560 1,807 36 8 4.260 1.300 Absa Group Ltd 9 4.228 1,807 36 9 3.581 0.647 Industrial & Comm Bank of China 9 3.077 1,000 2 9 3.707 -0.630 Natixis 10 4.105 1,754 9 18 1.467 2.638 Investec 10 2.743 892 21 20 0.876 1.867 HSBC 11 3.287 1,405 7 11 2.961 0.326 BofA Securities 11 2.666 867 6 14 2.106 0.560 Goldman Sachs 12 2.846 1,217 5 12 2.844 0.002 Central Bank of Kenya 12 2.039 663 1 - - 2.039 Industrial & Comm Bank of China 13 2.340 1,000 2 10 3.116 -0.776 BNP Paribas 13 1.921 624 2 10 3.546 -1.625 Investec 14 2.086 892 21 23 0.737 1.349 Morgan Stanley 14 1.846 600 3 30 0.351 1.495 BofA Securities 15 2.028 867 6 17 1.771 0.257 One Capital 15 1.579 513 13 - - 1.579 Barclays 16 1.662 710 13 14 2.530 -0.868 Barclays 16 1.334 434 12 13 3.009 -1.675 Central Bank of Kenya 17 1.551 663 1 - - 1.551 HSBC 17 1.246 405 4 15 1.365 -0.119 Morgan Stanley 18 1.404 600 3 15 2.108 -0.704 Credit Agricole CIB 18 1.112 362 4 23 0.789 0.323 Intesa Sanpaolo 19 1.312 561 2 19 1.396 -0.084 Natixis 19 0.782 254 2 16 1.361 -0.579 One Capital 20 1.201 513 13 - - 1.201 Societe Generale 19 0.782 254 2 12 3.209 -2.427 TOTAL 100% 42,743 277 100% TOTAL 100% 32,504 266 100%
South Africa Bonds Sub-Sahara Africa Currency Bonds FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (ZAR 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(%) Nedbank Ltd 1 24.059 36,100 73 1 27.474 -3.415 Standard Bank of South Africa 1 19.916 2,911 70 1 16.932 2.984 Standard Bank of South Africa 2 23.160 34,752 57 3 17.891 5.269 Nedbank Ltd 2 14.650 2,142 58 2 16.825 -2.175 FirstRand Ltd 3 18.527 27,801 55 2 23.512 -4.985 FirstRand Ltd 3 12.287 1,796 46 3 16.399 -4.112 Absa Group Ltd 4 16.073 24,118 39 4 13.686 2.387 Absa Group Ltd 4 11.151 1,630 35 4 9.171 1.980 Investec 5 10.989 16,489 29 5 8.859 2.130 Investec 5 7.047 1,030 24 6 4.925 2.122 One Capital 6 5.032 7,550 14 13 0.426 4.606 JP Morgan 6 6.883 1,006 35 5 5.231 1.652 Onelife Capital Advisors Ltd 7 0.900 1,350 1 - - 0.900 Central Bank of Kenya 7 4.534 663 1 - - 4.534 Transnet Ltd 8 0.433 650 3 - - 0.433 One Capital 8 3.511 513 13 - - 3.511 Java Capital 9 0.280 420 3 - - 0.280 TD Securities 9 1.954 286 10 17 0.702 1.252 Super Group Ltd/South Africa 10 0.233 350 1 - - 0.233 Barclays 10 1.481 217 15 8 2.948 -1.467 Basis Points Capital 11 0.118 176 1 8 1.052 -0.934 HSBC 11 1.342 196 8 42 0.169 1.173 Grindrod Bank Ltd 12 0.083 125 1 - - 0.083 Databank Financial Services Ltd 12 1.324 194 10 9 2.730 -1.406 RHO Capital Pty Ltd 13 0.067 100 1 - - 0.067 Fidelity Bank Ltd 12 1.324 194 10 7 3.232 -1.908 Credit Agricole CIB 14 0.047 70 1 - - 0.047 IC Securities Ghana Ltd 12 1.324 194 10 10 2.712 -1.388 ------BofA Securities 15 1.197 175 4 - - 1.197 ------RBC Capital Markets 16 0.916 134 6 25 0.568 0.348 ------Deutsche Bank 17 0.848 124 7 - - 0.848 ------Standard Chartered Bank 18 0.745 109 3 18 0.692 0.053 ------Onelife Capital Advisors Ltd 19 0.621 91 1 - - 0.621 ------E.Sun Commercial Bank 20 0.609 89 6 41 0.233 0.376 TOTAL 100% 150,052 267 100% TOTAL 100% 14,618 365 100%
Bloomberg League Table Reports Page 7 Bloomberg EMEA Capital Markets | FY 2019
EMEA Equity, Equity Linked & Rights - Risk: Industry EMEA Equity Breakdown 6%
6% 26% 7% EMEA Equity, Equity Linked & Rights - Risk 8%
FY 2019 FY 2018 8% 9% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share 19% Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) 11% JP Morgan 1 8.889 12,535 83 1 9.912 -1.023 Goldman Sachs 2 8.710 12,284 65 2 8.252 0.458 Financials 26% Morgan Stanley 3 8.423 11,878 58 4 5.965 2.458 Energy 19% Citi 4 7.068 9,967 74 3 7.269 -0.201 Industrials 11% Credit Suisse 5 5.604 7,904 40 8 4.350 1.254 Technology 9% BofA Securities 6 4.714 6,648 34 7 4.659 0.055 Consumer Discretionary 8% UBS 7 4.244 5,985 31 5 5.448 -1.204 Health Care 8% BNP Paribas 8 3.874 5,464 39 11 2.626 1.248 Communications 7% Barclays 9 3.008 4,242 32 9 3.497 -0.489 Materials 6% Societe Generale 10 2.735 3,857 25 10 3.139 -0.404 Others 6% HSBC 11 2.619 3,693 24 13 2.111 0.508 Deutsche Bank 12 2.260 3,187 21 6 5.054 -2.794 Jefferies 13 1.952 2,753 36 14 1.633 0.319 EMEA Equity, Equity Linked & Rights - Risk: Manager Credit Agricole CIB 14 1.790 2,524 11 19 1.158 0.632 Rankings History Joh Berenberg Gossler & Co 15 1.590 2,243 25 12 2.229 -0.639
KG 2019 2018 2017 Carnegie 16 1.227 1,730 47 18 1.269 -0.042 10
Banco Santander 17 1.202 1,695 8 22 0.789 0.413 8 ) %
RBC Capital Markets 18 1.197 1,688 12 38 0.481 0.716 (
e
r 6 a
UniCredit 19 1.188 1,676 12 15 1.541 -0.353 h S
t e
k 4 Natixis 20 1.066 1,503 18 40 0.388 0.678 r a M TOTAL 100% 141,026 605 100% 2
0 This table consists of equity, equity-linked & rights offerings, issued by EMEA issuers. This table excludes bonds with warrants, AIM-listed i n s y it e s a h le s ie rg c n C is it o a a u r securities, closed-end fund & investment trust issuers, credit linked notes, reverse convertibles, self-led offerings. The thresholds include 12 S t S u M n S t c P a n i e J a d S m g re ld r fA month minimum call, put & maturity periods. Note: Issuer country is determined by country of risk. Please see League Table Standards and o o C o G M B Guidelines for further details.
Bloomberg League Table Reports Page 8 Bloomberg EMEA Capital Markets | FY 2019
EMEA Equity & Equity Linked - Risk EMEA Equity & Equity Linked - Syndication FY 2019 FY 2018 FY 2019 FY 2018
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 8.868 11,927 76 1 9.792 -0.924 JP Morgan 1 9.190 11,817 70 1 10.254 -1.064 Goldman Sachs 2 8.862 11,920 61 2 8.625 0.237 Goldman Sachs 2 8.202 10,545 47 2 8.191 0.011 Morgan Stanley 3 8.063 10,845 54 4 6.659 1.404 Morgan Stanley 3 8.167 10,501 47 3 6.968 1.199 Citi 4 7.289 9,804 72 3 7.718 -0.429 Citi 4 6.295 8,094 53 4 6.829 -0.534 Credit Suisse 5 5.876 7,904 40 8 4.688 1.188 Credit Suisse 5 6.270 8,061 36 8 4.497 1.773 BofA Securities 6 4.942 6,648 34 7 4.810 0.132 BofA Securities 6 4.800 6,171 27 7 4.497 0.303 UBS 7 4.449 5,985 31 5 6.315 -1.866 UBS 7 4.641 5,967 29 5 6.368 -1.727 BNP Paribas 8 3.653 4,914 32 12 2.540 1.113 BNP Paribas 8 3.661 4,707 31 11 2.458 1.203 Barclays 9 3.154 4,242 32 10 2.646 0.508 Barclays 9 3.158 4,061 28 12 2.369 0.789 Societe Generale 10 2.867 3,857 25 9 3.362 -0.495 HSBC 10 3.021 3,885 24 20 1.055 1.966 HSBC 11 2.637 3,547 23 18 1.082 1.555 Societe Generale 11 2.999 3,857 25 9 3.339 -0.340 Deutsche Bank 12 2.248 3,024 19 6 5.688 -3.440 Deutsche Bank 12 2.322 2,985 18 6 5.905 -3.583 Credit Agricole CIB 13 1.876 2,524 11 24 0.777 1.099 Credit Agricole CIB 13 1.963 2,524 11 28 0.727 1.236 Jefferies 14 1.791 2,410 34 13 1.925 -0.134 Jefferies 14 1.540 1,980 26 14 1.530 0.010 Joh Berenberg Gossler & Co KG 15 1.426 1,918 24 11 2.618 -1.192 Joh Berenberg Gossler & Co KG 15 1.430 1,839 22 10 2.782 -1.352 Carnegie 16 1.270 1,709 46 15 1.503 -0.233 Carnegie 16 1.329 1,709 46 15 1.519 -0.190 RBC Capital Markets 17 1.255 1,688 12 35 0.530 0.725 UniCredit 17 1.168 1,501 10 16 1.505 -0.337 UniCredit 18 1.116 1,501 10 14 1.547 -0.431 RBC Capital Markets 18 1.158 1,489 8 38 0.506 0.652 Banco Santander 19 1.103 1,484 6 49 0.223 0.880 Banco Santander 19 1.154 1,484 6 51 0.225 0.929 Natixis 20 1.072 1,442 16 41 0.411 0.661 EFG-Hermes 20 1.115 1,434 6 23 0.814 0.301 TOTAL 100% 134,508 575 100% TOTAL 100% 128,578 542 100%
EMEA Equity Linked - Risk EMEA Equity Linked - Syndication FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 12.131 1,987 15 6 6.583 5.548 JP Morgan 1 10.773 1,840 14 1 12.359 -1.586 JP Morgan 2 10.544 1,727 13 3 11.301 -0.757 Credit Suisse 2 10.487 1,791 4 16 1.440 9.047 HSBC 3 10.233 1,676 12 7 4.997 5.236 BNP Paribas 3 10.422 1,780 14 10 4.196 6.226 Credit Suisse 4 9.103 1,491 3 14 1.895 7.208 HSBC 4 9.813 1,676 12 11 3.366 6.447 Societe Generale 5 6.668 1,092 10 4 9.307 -2.639 Societe Generale 5 6.395 1,092 10 6 6.641 -0.246 Citi 6 5.781 947 3 5 9.101 -3.320 UBS 6 5.137 877 4 2 12.284 -7.147 Goldman Sachs 7 5.098 835 5 8 4.733 0.365 Citi 7 4.994 853 3 5 7.379 -2.385 Morgan Stanley 8 5.036 825 6 12 2.134 2.902 BofA Securities 8 4.808 821 4 15 1.897 2.911 Credit Agricole CIB 9 4.781 783 6 11 2.454 2.327 Credit Agricole CIB 9 4.584 783 6 17 1.433 3.151 UBS 10 4.667 764 3 1 16.164 -11.497 Morgan Stanley 10 4.515 771 6 7 5.139 -0.624 BofA Securities 11 4.649 761 4 9 4.017 0.632 Goldman Sachs 11 3.812 651 5 9 4.385 -0.573 Natixis 12 3.751 614 6 13 2.002 1.749 Natixis 12 3.597 614 6 19 1.090 2.507 Deutsche Bank 13 2.253 369 4 2 11.401 -9.148 Barclays 13 2.199 376 5 14 2.203 -0.004 UniCredit 14 2.222 364 2 16 1.485 0.737 Deutsche Bank 14 2.161 369 4 3 9.879 -7.718 Barclays 15 1.603 263 4 10 3.466 -1.863 UniCredit 15 2.130 364 2 21 0.697 1.433 Clarksons Platou Securities 16 0.916 150 1 19 0.691 0.225 Nomura 16 1.418 242 3 4 8.853 -7.435 DNB ASA 17 0.908 149 1 19 0.691 0.217 Sumitomo Mitsui Financial 17 1.337 228 2 13 2.844 -1.507 Stifel 18 0.809 133 2 - - 0.809 Clarksons Platou Securities 18 1.212 207 2 23 0.525 0.687 Nomura 19 0.680 111 1 - - 0.680 Mizuho Financial 19 1.111 190 3 12 2.978 -1.867 Mizuho Financial 20 0.674 110 1 - - 0.674 DNB ASA 20 0.871 149 1 23 0.525 0.346 TOTAL 100% 16,377 40 100% TOTAL 100% 17,077 49 100%
Bloomberg League Table Reports Page 9 Bloomberg EMEA Capital Markets | FY 2019
EMEA Equity, Equity Linked & Rights - Syndication EMEA Equity Offerings FY 2019 FY 2018 FY 2019 FY 2018
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 9.200 12,424 77 1 10.307 -1.107 Goldman Sachs 1 9.383 11,085 56 2 9.070 0.313 Morgan Stanley 2 8.540 11,533 51 4 6.196 2.344 JP Morgan 2 8.635 10,201 63 1 9.619 -0.984 Goldman Sachs 3 8.078 10,909 51 2 7.889 0.189 Morgan Stanley 3 8.483 10,021 48 4 7.176 1.307 Citi 4 6.114 8,257 55 3 6.524 -0.410 Citi 4 7.498 8,857 69 3 7.560 -0.062 Credit Suisse 5 5.969 8,061 36 8 4.189 1.780 Credit Suisse 5 5.429 6,413 37 7 5.007 0.422 BofA Securities 6 4.570 6,171 27 7 4.398 0.172 BofA Securities 6 4.983 5,886 30 8 4.901 0.082 UBS 7 4.418 5,967 29 5 5.462 -1.044 UBS 7 4.419 5,220 28 5 5.189 -0.770 BNP Paribas 8 3.892 5,257 38 11 2.559 1.333 Barclays 8 3.369 3,979 28 11 2.552 0.817 Barclays 9 3.007 4,061 28 9 3.275 -0.268 BNP Paribas 9 2.478 2,927 17 12 2.078 0.400 HSBC 10 2.985 4,031 25 13 2.100 0.885 Societe Generale 10 2.340 2,764 15 10 2.682 -0.342 Societe Generale 11 2.856 3,857 25 10 3.120 -0.264 Deutsche Bank 11 2.248 2,655 15 6 5.035 -2.787 Deutsche Bank 12 2.331 3,148 20 6 5.233 -2.902 Jefferies 12 1.990 2,351 33 13 1.984 0.006 Credit Agricole CIB 13 1.869 2,524 11 19 1.120 0.749 Joh Berenberg Gossler & Co KG 13 1.595 1,884 23 9 2.740 -1.145 Jefferies 14 1.720 2,323 28 17 1.300 0.420 HSBC 14 1.584 1,871 11 33 0.634 0.950 Joh Berenberg Gossler & Co KG 15 1.602 2,164 23 12 2.365 -0.763 Credit Agricole CIB 15 1.474 1,741 5 35 0.586 0.888 Carnegie 16 1.281 1,730 47 18 1.281 0.000 Carnegie 16 1.446 1,709 46 14 1.675 -0.229 Banco Santander 17 1.255 1,695 8 24 0.796 0.459 RBC Capital Markets 17 1.429 1,688 12 34 0.591 0.838 UniCredit 18 1.241 1,676 12 16 1.507 -0.266 EFG-Hermes 18 1.214 1,434 6 21 0.897 0.317 RBC Capital Markets 19 1.102 1,489 8 42 0.461 0.641 Banco Santander 19 1.182 1,396 5 47 0.248 0.934 Natixis 20 1.084 1,464 17 46 0.342 0.742 Numis 20 1.123 1,326 17 16 1.554 -0.431 TOTAL 100% 135,054 566 100% TOTAL 100% 118,131 535 100%
EMEA Equity IPO EMEA Rights Offerings FY 2019 FY 2018 FY 2019 FY 2018
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(%) Goldman Sachs 1 6.062 3,162 16 5 5.830 0.232 Morgan Stanley 1 15.848 1,033 4 12 2.331 13.517 Citi 2 5.835 3,043 17 2 8.760 -2.925 JP Morgan 2 9.322 608 7 1 10.543 -1.221 Morgan Stanley 3 5.691 2,969 13 4 6.263 -0.572 BNP Paribas 3 8.438 550 7 10 3.076 5.362 JP Morgan 4 5.198 2,711 15 1 8.902 -3.704 Goldman Sachs 4 5.585 364 4 4 6.297 -0.712 BofA Securities 5 4.796 2,501 12 7 4.651 0.145 Jefferies 5 5.263 343 2 59 0.104 5.159 BNP Paribas 6 4.353 2,270 10 10 3.433 0.920 Joh Berenberg Gossler & Co KG 6 4.986 325 1 54 0.192 4.794 UBS 7 3.843 2,004 7 6 5.403 -1.560 CaixaBank 7 4.895 319 2 - - 4.895 Credit Suisse 8 3.829 1,997 8 8 4.112 -0.283 Belfius Bank SA/NV 8 4.168 272 3 30 0.794 3.374 Barclays 9 3.586 1,871 11 13 1.866 1.720 ING Groep 8 4.168 272 3 13 2.312 1.856 HSBC 10 3.412 1,780 8 20 1.098 2.314 Zuercher Kantonalbank 10 4.160 271 3 - - 4.160 Societe Generale 11 2.857 1,490 5 18 1.593 1.264 Banco Santander 11 3.241 211 2 8 3.753 -0.512 Credit Agricole CIB 12 2.775 1,447 3 113 0.032 2.743 KBC Group 12 3.000 196 2 34 0.634 2.366 Deutsche Bank 13 2.734 1,426 4 3 6.819 -4.085 DNB ASA 13 2.898 189 4 62 0.073 2.825 EFG-Hermes 14 2.560 1,335 5 42 0.362 2.198 Mediobanca 14 2.678 175 2 26 1.452 1.226 Samba Capital 15 2.500 1,304 3 35 0.505 1.995 UniCredit 14 2.678 175 2 22 1.510 1.168 Banco Santander 16 2.217 1,156 2 49 0.311 1.906 Citi 16 2.505 163 2 5 4.916 -2.411 RBC Capital Markets 17 2.134 1,113 3 25 0.752 1.382 Deutsche Bank 16 2.505 163 2 18 1.731 0.774 National Commercial Bank 18 2.104 1,097 2 40 0.402 1.702 Danske Bank 18 2.446 159 2 43 0.374 2.072 Banque Saudi Fransi 19 2.074 1,082 2 - - 2.074 Banca di Intermediazione Mobiliare IMI SPA 19 2.246 146 1 29 0.820 1.426 Bank of China 20 2.019 1,053 2 - - 2.019 HSBC 19 2.246 146 1 3 7.505 -5.259 TOTAL 100% 52,158 107 100% TOTAL 100% 6,518 30 100%
Bloomberg League Table Reports Page 10 Bloomberg EMEA Capital Markets | FY 2019
AIM Equity Offerings Western Europe Equity, Equity Linked & Rights FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (GBP 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(%) Nplus1 Singer Ltd 1 10.973 448 8 15 1.771 9.202 Goldman Sachs 1 9.670 8,912 54 2 9.004 0.666 Jefferies 2 8.128 332 5 25 0.981 7.147 Morgan Stanley 2 9.636 8,881 50 4 6.706 2.930 JP Morgan 3 7.679 313 4 - - 7.679 JP Morgan 3 9.012 8,305 64 1 9.801 -0.789 Cenkos Securities 4 6.055 247 21 5 6.712 -0.657 Citi 4 7.304 6,732 59 3 7.125 0.179 Numis 5 5.664 231 15 2 9.554 -3.890 Credit Suisse 5 6.271 5,780 34 8 4.603 1.668 Joh Berenberg Gossler & Co KG 6 4.961 202 8 4 6.793 -1.832 BofA Securities 6 5.301 4,886 30 7 4.648 0.653 Peel Hunt LLP 7 4.687 191 11 13 2.066 2.621 UBS 7 4.439 4,091 25 5 5.723 -1.284 Liberum Capital Ltd 8 4.099 167 9 3 9.471 -5.372 BNP Paribas 8 4.311 3,973 38 11 2.865 1.446 Stifel 9 4.026 164 9 1 10.515 -6.489 Barclays 9 3.742 3,448 28 9 3.760 -0.018 Investec 10 3.689 150 6 8 3.690 -0.001 Societe Generale 10 2.684 2,474 23 10 3.525 -0.841 Mirabaud Securities 11 2.869 117 5 7 3.698 -0.829 HSBC 11 2.471 2,278 21 13 2.302 0.169 Goldman Sachs 12 2.569 105 1 26 0.974 1.595 Jefferies 12 2.469 2,276 31 14 1.818 0.651 Shore Capital Group Ltd 13 2.525 103 20 19 1.515 1.010 Joh Berenberg Gossler & Co KG 13 2.174 2,004 25 12 2.562 -0.388 Goodbody 14 2.392 98 4 24 1.016 1.376 Deutsche Bank 14 1.948 1,795 18 6 5.244 -3.296 Canaccord Genuity 15 2.288 93 12 14 1.913 0.375 Carnegie 15 1.678 1,547 47 17 1.431 0.247 Zeus Capital 16 2.153 88 3 12 2.158 -0.005 UniCredit 16 1.626 1,499 12 16 1.707 -0.081 FinnCap 17 2.105 86 24 11 2.216 -0.111 Credit Agricole CIB 17 1.467 1,352 10 18 1.318 0.149 UBS 18 1.919 78 1 - - 1.919 Natixis 18 1.393 1,284 17 36 0.449 0.944 Davy 19 1.666 68 4 70 0.053 1.613 Nordea 19 1.320 1,217 17 20 1.181 0.139 RBC Capital Markets 20 1.651 67 4 30 0.808 0.843 Numis 20 1.285 1,184 17 15 1.759 -0.474 TOTAL 100% 4,080 330 100% TOTAL 100% 92,163 517 100%
Eastern Europe Equity, Equity Linked & Rights MENA Equity, Equity Linked & Rights FY 2019 FY 2018 FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (EUR 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(%) Goldman Sachs 1 16.023 743 5 5 4.578 11.445 Citi 1 5.606 1,680 6 8 3.676 1.930 JP Morgan 2 12.960 601 9 1 11.651 1.309 Morgan Stanley 2 5.580 1,672 5 - - 5.580 Citi 3 12.347 573 7 2 9.552 2.795 JP Morgan 3 5.336 1,599 4 2 14.509 -9.173 VTB Capital 4 8.998 417 7 7 4.044 4.954 Goldman Sachs 4 4.576 1,371 4 6 4.491 0.085 UBS 5 6.943 322 5 - - 6.943 Samba Capital 5 4.353 1,304 3 10 3.208 1.145 Credit Suisse 6 6.880 319 4 9 3.165 3.715 EFG-Hermes 6 4.321 1,295 4 1 14.810 -10.489 Morgan Stanley 7 5.099 236 3 26 1.463 3.636 HSBC 7 3.848 1,153 3 - - 3.848 Renaissance Capital Pty Ltd 8 4.980 231 4 - - 4.980 National Commercial Bank 8 3.751 1,124 3 13 2.552 1.199 Sberbank CIB CJSC 9 4.953 230 4 19 2.166 2.787 Credit Suisse 9 3.662 1,097 2 14 2.005 1.657 Liberum Capital Ltd 10 3.693 171 1 - - 3.693 Banque Saudi Fransi 10 3.610 1,082 2 18 1.571 2.039 Deutsche Bank 11 2.872 133 2 3 9.347 -6.475 Al-Rajhi Banking & Investment Corp 11 3.418 1,024 1 - - 3.418 Gazprombank 12 2.594 120 3 - - 2.594 Banco Santander 11 3.418 1,024 1 - - 3.418 Banco Santander 13 2.213 103 2 20 1.993 0.220 Bank of China 11 3.418 1,024 1 - - 3.418 Java Capital 14 1.938 90 1 - - 1.938 BNP Paribas 11 3.418 1,024 1 14 2.005 1.413 Societe Generale 15 1.494 69 1 - - 1.494 BofA Securities 11 3.418 1,024 1 - - 3.418 Sova Capital Ltd 15 1.494 69 1 - - 1.494 Credit Agricole CIB 11 3.418 1,024 1 - - 3.418 PKO Bank Polski SA 17 1.398 65 1 24 1.484 -0.086 Deutsche Bank 11 3.418 1,024 1 - - 3.418 AS LHV Pank 18 0.818 38 1 31 0.869 -0.051 First Abu Dhabi Bank PJSC 11 3.418 1,024 1 - - 3.418 BofA Securities 19 0.813 38 1 4 5.905 -5.092 Gulf International Bank BSC 11 3.418 1,024 1 - - 3.418 Commerzbank 20 0.461 21 1 - - 0.461 Mizuho Financial 11 3.418 1,024 1 - - 3.418 TOTAL 100% 4,637 28 100% TOTAL 100% 29,963 16 100%
Bloomberg League Table Reports Page 11 Bloomberg EMEA Capital Markets | FY 2019
Africa Equity, Equity Linked & Rights FY 2019 FY 2018
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 36.331 861 3 3 8.960 27.371 Investec 2 14.594 346 4 2 11.721 2.873 EFG-Hermes 3 11.429 271 3 11 3.560 7.869 Standard Bank of South Africa 4 10.336 245 3 1 16.398 -6.062 Java Capital 5 6.472 153 3 5 4.686 1.786 Goldman Sachs 6 4.080 97 1 19 1.742 2.338 BofA Securities 7 3.097 73 1 10 4.022 -0.925 Jefferies 7 3.097 73 1 22 0.906 2.191 Renaissance Capital Pty Ltd 7 3.097 73 1 17 1.935 1.162 CI Capital Investment Banking 10 1.532 36 1 - - 1.532 HSBC 10 1.532 36 1 - - 1.532 Banco de Investimento Global SA 12 1.095 26 1 - - 1.095 Caixa Banco de Investimento SA 12 1.095 26 1 - - 1.095 IJG Securities 14 1.006 24 1 - - 1.006 BMO Capital Markets 15 0.439 10 1 20 1.289 -0.850 Eights Group Pty Ltd/The 16 0.295 7 1 - - 0.295 Peel Hunt LLP 17 0.208 5 2 - - 0.208 Tamesis Partners LLP 17 0.208 5 2 - - 0.208 Shard Capital Partners LLP 19 0.056 1 1 - - 0.056 ------TOTAL 100% 2,369 21 100%
Bloomberg League Table Reports Page 12 Bloomberg EMEA Capital Markets | FY 2019
EMEA Loans: Industry Breakdown
EMEA Loans 6% 6% 18% 7%
8% EMEA Loans (Bookrunner) 14% 8% 10% FY 2019 FY 2018 13% Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share 12% Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) BNP Paribas 1 8.137 61,302 327 1 7.038 1.099 Credit Agricole CIB 2 5.725 43,130 266 2 6.067 -0.342 Financials 18% BofA Securities 3 4.338 32,682 129 10 3.088 1.250 Consumer Discretionary 14% UniCredit 4 4.216 31,764 211 3 5.100 -0.884 Industrials 13% Societe Generale 5 4.089 30,804 184 5 4.208 -0.119 Materials 12% Deutsche Bank 6 4.070 30,661 160 9 3.766 0.304 Energy 10% HSBC 7 3.984 30,011 194 4 4.476 -0.492 Health Care 8% Barclays 8 3.938 29,668 117 15 2.516 1.422 Utilities 8% JP Morgan 9 3.771 28,407 140 6 4.188 -0.417 Communications 7% ING Groep 10 3.534 26,628 197 8 3.932 -0.398 Consumer Staples 6% Citi 11 3.369 25,384 146 7 3.945 -0.576 Others 6% Natixis 12 2.861 21,556 136 12 2.910 -0.049 Goldman Sachs 13 2.789 21,015 99 17 2.359 0.430 Banco Santander 14 2.780 20,940 153 16 2.474 0.306 EMEA Loans: Bookrunner Rankings History Commerzbank 15 2.716 20,464 165 11 3.010 -0.294 Sumitomo Mitsui Financial 16 2.184 16,450 96 13 2.749 -0.565 2019 2018 2017 10 Mitsubishi UFJ Financial Group 17 2.144 16,156 83 14 2.737 -0.593
Inc 8 ) %
Credit Suisse 18 2.021 15,224 75 22 1.549 0.472 (
e
r 6 a
Mizuho Financial 19 1.833 13,809 84 18 1.762 0.071 h S
t e
k 4 Morgan Stanley 20 1.494 11,258 37 29 1.017 0.477 r a M TOTAL 100% 753,369 1,279 100% 2
0 This table consists of loans with a market of syndication in the EMEA region. This excludes bilateral loans. Please see League Table Standards s s it e k a IB e d l n b C ti e ra a ri ri r e B a le u iC n and Guidelines for further details. P o c n e e c e G h P ri S U c N g te ts B A fA ie u it o c e d B o D re S C
Bloomberg League Table Reports Page 13 Bloomberg EMEA Capital Markets | FY 2019
EMEA Loans (Mandated Lead Arranger) EMEA Loans (Administrative Agent) FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 6.187 54,724 509 1 6.139 0.048 Citi 1 6.125 51,561 29 14 2.758 3.367 HSBC 2 4.488 39,690 313 3 4.324 0.164 Deutsche Bank 2 5.906 49,715 61 2 6.487 -0.581 Credit Agricole CIB 3 4.142 36,637 383 2 4.559 -0.417 Barclays 3 5.485 46,169 35 13 3.089 2.396 JP Morgan 4 3.841 33,975 196 4 3.923 -0.082 Credit Agricole CIB 4 5.451 45,886 91 6 4.177 1.274 Deutsche Bank 5 3.655 32,329 220 8 3.508 0.147 BNP Paribas 5 5.213 43,883 88 3 6.394 -1.181 Citi 6 3.613 31,958 196 9 2.966 0.647 Commerzbank 6 4.477 37,688 79 5 4.339 0.138 ING Groep 7 3.497 30,929 321 6 3.833 -0.336 JP Morgan 7 4.403 37,068 40 1 8.650 -4.247 Societe Generale 8 3.471 30,697 281 7 3.588 -0.117 Societe Generale 8 4.149 34,926 46 9 3.477 0.672 UniCredit 9 3.079 27,236 270 5 3.923 -0.844 UniCredit 9 3.882 32,674 71 4 5.270 -1.388 BofA Securities 10 3.077 27,212 172 16 2.218 0.859 HSBC 10 3.573 30,076 42 7 4.051 -0.478 Banco Santander 11 2.772 24,515 254 15 2.317 0.455 BofA Securities 11 3.390 28,538 25 15 2.367 1.023 Commerzbank 12 2.676 23,671 234 10 2.889 -0.213 NatWest Markets 12 3.341 28,128 45 12 3.136 0.205 Barclays 13 2.595 22,947 180 12 2.451 0.144 ING Groep 13 3.299 27,775 77 8 3.848 -0.549 Natixis 14 2.474 21,879 202 13 2.427 0.047 First Abu Dhabi Bank PJSC 14 2.951 24,846 30 19 2.097 0.854 Sumitomo Mitsui Financial 15 2.425 21,448 157 11 2.602 -0.177 Banco Santander 15 2.877 24,222 79 18 2.283 0.594 Goldman Sachs 16 2.165 19,149 129 18 2.009 0.156 Natixis 16 2.550 21,462 57 10 3.466 -0.916 Mitsubishi UFJ Financial Group Inc 17 2.056 18,183 140 14 2.346 -0.290 Mizuho Financial 17 2.490 20,957 19 11 3.457 -0.967 NatWest Markets 18 1.911 16,904 144 17 2.020 -0.109 Nordea 18 2.011 16,931 40 21 1.560 0.451 Credit Suisse 19 1.911 16,901 103 22 1.716 0.195 SEB 19 1.669 14,051 27 29 0.696 0.973 Mizuho Financial 20 1.901 16,816 120 19 1.963 -0.062 Credit Suisse 20 1.632 13,740 22 17 2.316 -0.684 TOTAL 100% 884,443 1,660 100% TOTAL 100% 841,797 1,612 100%
EMEA Leveraged Loans (Bookrunner) EMEA Leveraged Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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 9.830 12,661 62 2 7.459 2.371 JP Morgan 1 8.952 12,305 67 1 6.855 2.097 BNP Paribas 2 7.362 9,482 75 4 6.586 0.776 BNP Paribas 2 6.771 9,306 100 2 6.707 0.064 Goldman Sachs 3 6.962 8,968 65 1 7.705 -0.743 Goldman Sachs 3 6.707 9,219 72 4 6.223 0.484 Deutsche Bank 4 6.342 8,168 56 3 7.091 -0.749 Deutsche Bank 4 5.917 8,134 62 3 6.652 -0.735 Credit Suisse 5 5.987 7,712 50 7 4.810 1.177 Credit Suisse 5 5.259 7,229 51 7 4.521 0.738 Credit Agricole CIB 6 5.599 7,212 65 8 4.056 1.543 Credit Agricole CIB 6 4.987 6,854 88 8 3.720 1.267 Natixis 7 4.903 6,315 47 9 3.499 1.404 HSBC 7 4.755 6,537 58 5 5.378 -0.623 HSBC 8 4.735 6,099 48 5 5.530 -0.795 Natixis 8 4.268 5,867 56 11 3.150 1.118 Barclays 9 4.231 5,450 43 6 5.061 -0.830 Barclays 9 3.987 5,481 49 6 4.657 -0.670 BofA Securities 10 3.596 4,632 34 11 3.308 0.288 BofA Securities 10 3.398 4,671 37 13 3.037 0.361 Societe Generale 11 2.724 3,509 28 12 3.268 -0.544 ING Groep 11 3.017 4,147 54 10 3.299 -0.282 UniCredit 12 2.682 3,454 37 10 3.416 -0.734 Societe Generale 12 2.789 3,834 45 12 3.085 -0.296 ING Groep 13 2.581 3,324 38 14 2.968 -0.387 Morgan Stanley 13 2.455 3,375 24 15 2.329 0.126 Morgan Stanley 14 2.514 3,238 22 13 3.231 -0.717 UniCredit 14 2.400 3,300 43 9 3.319 -0.919 Banco Santander 15 2.374 3,057 31 28 1.064 1.310 Banco Santander 15 2.165 2,976 41 29 1.075 1.090 Citi 16 2.327 2,998 26 15 2.712 -0.385 Citi 16 1.988 2,733 31 14 2.779 -0.791 NatWest Markets 17 1.689 2,175 17 20 1.629 0.060 NatWest Markets 17 1.959 2,692 26 18 1.956 0.003 Rabobank 18 1.607 2,070 15 21 1.409 0.198 Danske Bank 18 1.470 2,021 16 24 1.176 0.294 Danske Bank 19 1.546 1,992 13 40 0.254 1.292 UBS 19 1.420 1,952 17 19 1.862 -0.442 UBS 20 1.515 1,952 17 19 2.079 -0.564 DNB ASA 20 1.283 1,763 16 28 1.080 0.203 TOTAL 100% 128,802 295 100% TOTAL 100% 137,453 346 100%
Bloomberg League Table Reports Page 14 Bloomberg EMEA Capital Markets | FY 2019
EMEA Sponsor-led Leveraged Loans (Bookrunner) EMEA Sponsor-led Leveraged Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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 8.352 8,350 42 1 7.286 1.066 JP Morgan 1 7.494 8,102 46 3 6.714 0.780 Credit Suisse 2 7.211 7,209 45 7 4.782 2.429 Credit Suisse 2 6.389 6,907 46 6 4.455 1.934 Goldman Sachs 3 6.615 6,614 51 4 6.972 -0.357 Goldman Sachs 3 6.253 6,760 57 4 6.035 0.218 BNP Paribas 4 6.546 6,544 63 2 7.121 -0.575 BNP Paribas 4 6.058 6,549 88 1 6.871 -0.813 Deutsche Bank 5 6.272 6,271 50 3 7.040 -0.768 Deutsche Bank 5 5.768 6,236 56 2 6.830 -1.062 Credit Agricole CIB 6 6.162 6,161 56 11 3.356 2.806 Credit Agricole CIB 6 5.534 5,983 79 8 3.583 1.951 Natixis 7 5.207 5,206 42 8 3.954 1.253 Natixis 7 4.568 4,938 51 11 3.391 1.177 Barclays 8 4.217 4,216 35 6 4.807 -0.590 HSBC 8 4.343 4,695 45 5 5.101 -0.758 HSBC 9 4.151 4,150 36 5 5.351 -1.200 Barclays 9 3.929 4,247 41 7 4.303 -0.374 UniCredit 10 3.210 3,209 36 9 3.474 -0.264 ING Groep 10 3.614 3,907 51 9 3.415 0.199 BofA Securities 11 3.120 3,120 26 13 2.979 0.141 Societe Generale 11 2.937 3,175 40 12 2.943 -0.006 ING Groep 12 3.100 3,099 36 12 3.167 -0.067 UniCredit 12 2.825 3,055 42 10 3.407 -0.582 Societe Generale 13 2.670 2,669 23 10 3.390 -0.720 BofA Securities 13 2.818 3,046 27 13 2.610 0.208 Citi 14 2.522 2,521 22 16 2.495 0.027 Morgan Stanley 14 2.198 2,376 18 18 2.088 0.110 Morgan Stanley 15 2.239 2,239 16 15 2.661 -0.422 Citi 15 1.990 2,151 26 14 2.567 -0.577 Banco Santander 16 2.082 2,082 22 28 0.997 1.085 Banco Santander 16 1.944 2,102 31 32 0.862 1.082 UBS 17 1.952 1,952 17 17 2.467 -0.515 UBS 17 1.805 1,952 17 17 2.206 -0.401 Rabobank 18 1.898 1,898 12 21 1.527 0.371 NatWest Markets 18 1.753 1,895 20 19 1.949 -0.196 Danske Bank 19 1.820 1,819 12 39 0.301 1.519 Danske Bank 19 1.709 1,848 15 22 1.393 0.316 Sumitomo Mitsui Financial 20 1.730 1,729 17 18 2.435 -0.705 Sumitomo Mitsui Financial 20 1.600 1,729 17 15 2.532 -0.932 TOTAL 100% 99,976 249 100% TOTAL 100% 108,109 297 100%
Europe Corporate Loans (Bookrunner) Europe Corporate Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 7.928 31,653 174 1 8.384 -0.456 BNP Paribas 1 6.374 28,945 273 1 7.024 -0.650 Credit Agricole CIB 2 6.210 24,793 135 2 7.352 -1.142 HSBC 2 5.159 23,430 175 5 4.336 0.823 BofA Securities 3 5.787 23,106 64 10 3.297 2.490 Citi 3 4.360 19,801 94 13 2.540 1.820 UniCredit 4 5.450 21,758 127 3 5.690 -0.240 UniCredit 4 3.945 17,913 161 3 4.655 -0.710 Barclays 5 4.779 19,080 60 15 2.650 2.129 Commerzbank 5 3.942 17,903 175 6 4.126 -0.184 Societe Generale 6 4.029 16,086 89 4 4.610 -0.581 BofA Securities 6 3.800 17,255 90 12 2.597 1.203 HSBC 7 3.974 15,865 98 7 4.162 -0.188 Credit Agricole CIB 7 3.777 17,151 181 2 4.743 -0.966 Commerzbank 8 3.965 15,831 127 5 4.467 -0.502 JP Morgan 8 3.679 16,707 86 4 4.510 -0.831 Citi 9 3.860 15,412 71 9 3.819 0.041 Societe Generale 9 3.499 15,888 129 7 3.795 -0.296 Deutsche Bank 10 3.754 14,989 84 13 2.845 0.909 Deutsche Bank 10 3.249 14,756 121 11 2.617 0.632 ING Groep 11 3.565 14,233 86 8 4.076 -0.511 Banco Santander 11 3.196 14,515 138 9 2.992 0.204 Banco Santander 12 3.380 13,495 93 11 3.274 0.106 ING Groep 12 3.187 14,473 131 8 3.700 -0.513 JP Morgan 13 3.181 12,701 54 6 4.265 -1.084 Barclays 13 3.184 14,462 103 10 2.656 0.528 Mitsubishi UFJ Financial Group Inc 14 2.272 9,070 42 14 2.806 -0.534 NatWest Markets 14 2.402 10,907 89 14 2.524 -0.122 Natixis 15 2.050 8,183 57 12 3.054 -1.004 Mizuho Financial 15 2.364 10,736 67 19 2.045 0.319 Mizuho Financial 16 1.955 7,804 45 21 1.497 0.458 Sumitomo Mitsui Financial 16 2.257 10,251 59 16 2.415 -0.158 Sumitomo Mitsui Financial 17 1.928 7,696 35 16 2.478 -0.550 Mitsubishi UFJ Financial Group Inc 17 2.184 9,917 67 15 2.454 -0.270 Nordea 18 1.897 7,572 41 25 1.178 0.719 Natixis 18 1.939 8,804 86 17 2.338 -0.399 Banco Bilbao Vizcaya Argentaria 19 1.763 7,039 55 19 1.732 0.031 Nordea 19 1.889 8,579 62 27 1.222 0.667 NatWest Markets 20 1.620 6,467 42 17 2.246 -0.626 Danske Bank 20 1.818 8,256 64 32 1.045 0.773 TOTAL 100% 399,249 536 100% TOTAL 100% 454,129 667 100%
Bloomberg League Table Reports Page 15 Bloomberg EMEA Capital Markets | FY 2019
Western Europe Loans (Bookrunner) Western Europe Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 8.697 58,132 313 1 7.603 1.094 BNP Paribas 1 6.657 51,737 487 1 6.704 -0.047 Credit Agricole CIB 2 6.172 41,255 258 2 6.351 -0.179 HSBC 2 4.490 34,892 280 4 4.337 0.153 BofA Securities 3 4.595 30,714 117 10 3.362 1.233 Credit Agricole CIB 3 4.343 33,751 363 2 4.856 -0.513 Deutsche Bank 4 4.549 30,406 157 8 4.075 0.474 JP Morgan 4 4.101 31,871 181 3 4.340 -0.239 UniCredit 5 4.445 29,707 193 3 5.164 -0.719 Deutsche Bank 5 4.068 31,617 213 7 3.841 0.227 Barclays 6 4.421 29,547 115 14 2.705 1.716 ING Groep 6 3.772 29,315 298 6 3.901 -0.129 Societe Generale 7 4.239 28,334 167 6 4.323 -0.084 Citi 7 3.705 28,794 168 10 3.027 0.678 JP Morgan 8 3.942 26,348 128 4 4.506 -0.564 Societe Generale 8 3.602 27,989 254 8 3.700 -0.098 HSBC 9 3.776 25,236 171 5 4.392 -0.616 UniCredit 9 3.264 25,366 244 5 4.072 -0.808 ING Groep 10 3.731 24,935 182 7 4.131 -0.400 BofA Securities 10 3.226 25,069 155 15 2.445 0.781 Citi 11 3.411 22,798 126 9 4.073 -0.662 Banco Santander 11 3.071 23,869 248 14 2.489 0.582 Goldman Sachs 12 3.072 20,532 95 17 2.571 0.501 Commerzbank 12 2.996 23,282 221 9 3.094 -0.098 Natixis 13 3.033 20,274 130 12 3.093 -0.060 Barclays 13 2.914 22,649 175 11 2.694 0.220 Banco Santander 14 3.014 20,143 149 15 2.701 0.313 Natixis 14 2.579 20,042 189 13 2.551 0.028 Commerzbank 15 3.013 20,136 157 11 3.230 -0.217 Goldman Sachs 15 2.406 18,694 124 18 2.211 0.195 Credit Suisse 16 2.271 15,182 74 20 1.651 0.620 Sumitomo Mitsui Financial 16 2.298 17,856 136 12 2.682 -0.384 Mitsubishi UFJ Financial Group Inc 17 2.126 14,210 72 13 2.728 -0.602 NatWest Markets 17 2.173 16,889 143 17 2.250 -0.077 Sumitomo Mitsui Financial 18 1.922 12,849 81 16 2.653 -0.731 Credit Suisse 18 2.159 16,774 99 20 1.782 0.377 Morgan Stanley 19 1.638 10,950 36 29 1.112 0.526 Mitsubishi UFJ Financial Group Inc 19 2.048 15,918 122 16 2.366 -0.318 Banco Bilbao Vizcaya Argentaria 20 1.629 10,886 93 24 1.290 0.339 Mizuho Financial 20 1.831 14,229 107 19 2.015 -0.184 TOTAL 100% 668,374 1,107 100% TOTAL 100% 777,124 1,427 100%
Central & Eastern European Borrower Loans (Bookrunner) Central & Eastern European Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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 10.666 2,854 27 1 11.807 -1.141 UniCredit 1 6.306 2,548 37 2 7.792 -1.486 ING Groep 2 7.928 2,121 24 2 7.902 0.026 Societe Generale 2 5.938 2,399 31 4 5.321 0.617 Societe Generale 3 7.484 2,002 20 5 5.557 1.927 ING Groep 3 5.516 2,229 36 1 9.893 -4.377 Citi 4 6.917 1,851 18 13 2.638 4.279 Gazprombank 4 5.379 2,173 5 39 0.505 4.874 JP Morgan 5 4.602 1,231 10 25 1.125 3.477 Citi 5 3.977 1,607 23 5 3.602 0.375 Mitsubishi UFJ Financial Group Inc 6 4.353 1,165 11 3 6.416 -2.063 JP Morgan 6 3.492 1,411 16 26 1.275 2.217 Standard Chartered Bank 7 4.314 1,154 16 11 3.211 1.103 Mitsubishi UFJ Financial Group Inc 7 3.307 1,336 18 9 3.075 0.232 Sumitomo Mitsui Financial 8 3.557 952 15 10 3.335 0.222 Industrial & Comm Bank of China 8 2.971 1,200 9 14 2.265 0.706 BNP Paribas 9 3.287 879 13 12 3.065 0.222 Intesa Sanpaolo 9 2.961 1,196 20 6 3.382 -0.421 BofA Securities 10 3.255 871 12 8 4.623 -1.368 Sumitomo Mitsui Financial 10 2.801 1,132 19 13 2.403 0.398 Erste Group Bank 11 3.224 863 3 14 2.367 0.857 BNP Paribas 11 2.701 1,091 19 10 2.835 -0.134 Commerzbank 12 3.159 845 13 9 3.824 -0.665 Bank of China 12 2.666 1,077 10 24 1.384 1.282 Natixis 13 3.141 840 4 15 2.054 1.087 Natixis 13 2.525 1,020 6 25 1.335 1.190 Credit Suisse 14 3.008 805 3 56 0.103 2.905 Standard Chartered Bank 14 2.424 979 20 11 2.479 -0.055 Emirates NBD PJSC 15 2.714 726 12 16 2.028 0.686 Deutsche Bank 15 2.310 933 15 3 5.677 -3.367 Deutsche Bank 16 2.710 725 10 4 5.987 -3.277 Commerzbank 16 2.146 867 16 8 3.158 -1.012 Intesa Sanpaolo 17 2.505 670 9 7 4.832 -2.327 Erste Group Bank 17 2.131 861 9 16 2.164 -0.033 Industrial & Comm Bank of China 18 2.461 658 4 20 1.525 0.936 BofA Securities 18 1.946 786 14 7 3.219 -1.273 Mizuho Financial 19 2.218 593 10 17 1.995 0.223 HSBC 19 1.929 780 11 18 1.966 -0.037 Credit Agricole CIB 20 1.528 409 4 6 4.905 -3.377 Emirates NBD PJSC 20 1.899 767 14 22 1.587 0.312 TOTAL 100% 26,756 63 100% TOTAL 100% 40,402 93 100%
Bloomberg League Table Reports Page 16 Bloomberg EMEA Capital Markets | FY 2019
Nordic Loans (Bookrunner) Nordic Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) Barclays 1 13.896 9,783 12 5 4.437 9.459 Nordea 1 13.248 10,794 95 1 16.766 -3.518 Nordea 2 13.312 9,371 66 1 18.771 -5.459 Danske Bank 2 12.522 10,203 83 2 10.993 1.529 BNP Paribas 3 11.772 8,287 17 7 3.957 7.815 SEB 3 8.421 6,862 68 3 10.605 -2.184 Danske Bank 4 11.150 7,850 53 4 6.525 4.625 DNB ASA 4 5.789 4,717 54 4 6.524 -0.735 SEB 5 6.348 4,469 38 3 8.269 -1.921 BNP Paribas 5 4.381 3,570 32 5 3.689 0.692 DNB ASA 6 5.640 3,971 39 2 11.412 -5.772 Deutsche Bank 6 4.145 3,377 15 13 2.466 1.679 Deutsche Bank 7 3.566 2,511 9 15 1.974 1.592 Swedbank 7 3.464 2,822 27 10 3.182 0.282 Swedbank 8 2.737 1,927 16 11 2.877 -0.140 Citi 8 3.400 2,770 18 9 3.233 0.167 Citi 9 2.260 1,591 12 6 4.423 -2.163 Barclays 9 2.628 2,141 14 7 3.531 -0.903 ING Groep 10 2.159 1,520 19 10 3.018 -0.859 JP Morgan 10 2.321 1,891 11 8 3.363 -1.042 JP Morgan 11 2.140 1,506 8 9 3.789 -1.649 HSBC 11 2.320 1,890 14 6 3.641 -1.321 Goldman Sachs 12 2.043 1,439 6 14 1.999 0.044 ING Groep 12 2.266 1,847 30 12 2.546 -0.280 Credit Agricole CIB 13 1.657 1,167 11 21 0.945 0.712 OP Cooperative 13 2.249 1,833 28 15 1.905 0.344 HSBC 14 1.652 1,163 9 8 3.861 -2.209 Credit Agricole CIB 14 2.174 1,771 18 18 1.426 0.748 UBS 15 1.635 1,151 3 35 0.459 1.176 UniCredit 15 2.128 1,733 11 20 0.942 1.186 Nykredit Bank A/S 16 1.457 1,026 2 44 0.223 1.234 Svenska Handelsbanken 16 2.021 1,647 15 14 2.425 -0.404 OP Cooperative 17 1.422 1,001 17 12 2.517 -1.095 Goldman Sachs 17 1.766 1,439 6 19 1.365 0.401 Svenska Handelsbanken 18 1.397 984 9 13 2.342 -0.945 Societe Generale 18 1.732 1,411 15 27 0.601 1.131 BofA Securities 19 1.395 982 7 22 0.872 0.523 Intesa Sanpaolo 19 1.581 1,288 5 37 0.329 1.252 Mitsubishi UFJ Financial Group Inc 20 1.289 908 5 26 0.728 0.561 NatWest Markets 20 1.497 1,219 14 17 1.462 0.035 TOTAL 100% 70,401 124 100% TOTAL 100% 81,477 163 100%
Russia & CIS Borrower Loans (Bookrunner) Russia & CIS Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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 17.023 1,167 9 1 14.354 2.669 Gazprombank 1 19.219 2,442 5 12 2.321 16.898 UniCredit 2 15.341 1,051 8 3 9.102 6.239 Natixis 2 9.006 1,145 6 7 4.744 4.262 Natixis 3 13.703 939 4 7 6.308 7.395 Societe Generale 3 8.168 1,038 10 4 8.062 0.106 Societe Generale 4 10.137 695 7 6 7.841 2.296 ING Groep 4 6.596 838 10 2 14.066 -7.470 Credit Agricole CIB 5 6.637 455 4 5 8.431 -1.794 UniCredit 5 5.502 699 8 3 10.815 -5.313 Credit Suisse 6 5.515 378 2 26 0.324 5.191 Vnesheconombank 6 4.757 605 3 - - 4.757 Sberbank CIB CJSC 7 4.934 338 3 8 5.438 -0.504 Credit Agricole CIB 7 4.487 570 7 5 5.359 -0.872 Alfa Bank 8 4.646 318 2 13 2.615 2.031 Mitsubishi UFJ Financial Group Inc 8 4.454 566 4 6 5.349 -0.895 Commerzbank 9 4.416 303 3 9 4.413 0.003 Bank of China 9 4.289 545 5 14 2.108 2.181 Bank of China 10 3.240 222 3 10 3.152 0.088 Intesa Sanpaolo 10 3.756 477 6 17 1.971 1.785 Intesa Sanpaolo 11 3.211 220 3 10 3.152 0.059 China Development Bank 11 3.620 460 1 - - 3.620 JP Morgan 12 2.571 176 1 - - 2.571 Export-Import Bank of Korea 11 3.620 460 1 - - 3.620 Gazprombank 13 2.110 145 2 14 2.574 -0.464 Korea Trade Insurance Corp 11 3.620 460 1 - - 3.620 Vnesheconombank 13 2.110 145 2 - - 2.110 Commerzbank 14 2.968 377 5 10 3.273 -0.305 European Bank for Reconstruct & Dev 15 1.090 75 1 20 0.539 0.551 Alfa Bank 15 2.143 272 2 13 2.180 -0.037 Citi 16 0.729 50 1 15 2.221 -1.492 Sberbank CIB CJSC 16 2.123 270 3 8 3.902 -1.779 HSBC 16 0.729 50 1 18 1.013 -0.284 Credit Suisse 17 2.033 258 3 24 0.722 1.311 Deutsche Bank 18 0.539 37 1 2 11.033 -10.494 JP Morgan 18 1.387 176 1 - - 1.387 BofA Securities 19 0.440 30 1 - - 0.440 HSBC 19 1.298 165 2 21 0.914 0.384 Mitsubishi UFJ Financial Group Inc 19 0.440 30 1 4 8.559 -8.119 Nordea 20 1.099 140 2 19 1.693 -0.594 TOTAL 100% 6,854 17 100% TOTAL 100% 12,709 24 100%
Bloomberg League Table Reports Page 17 Bloomberg EMEA Capital Markets | FY 2019
Benelux Borrower Loans (Bookrunner) Benelux Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) Credit Agricole CIB 1 9.376 10,179 27 2 8.429 0.947 Deutsche Bank 1 8.264 10,041 35 1 8.784 -0.520 Deutsche Bank 2 9.369 10,172 28 1 9.418 -0.049 ING Groep 2 5.928 7,202 78 3 6.261 -0.333 BNP Paribas 3 6.188 6,719 41 4 6.930 -0.742 BNP Paribas 3 5.475 6,653 59 2 6.745 -1.270 Credit Suisse 4 5.830 6,329 24 9 3.448 2.382 Credit Suisse 4 5.180 6,294 27 12 3.077 2.103 BofA Securities 5 5.698 6,187 27 11 3.384 2.314 BofA Securities 5 4.613 5,605 35 11 3.133 1.480 ING Groep 6 5.188 5,632 50 3 7.741 -2.553 HSBC 6 4.354 5,290 44 6 3.939 0.415 HSBC 7 4.244 4,607 30 6 4.959 -0.715 Credit Agricole CIB 7 3.881 4,716 38 10 3.175 0.706 Rabobank 8 3.505 3,805 29 8 3.799 -0.294 JP Morgan 8 3.739 4,543 30 4 4.744 -1.005 Goldman Sachs 9 3.447 3,742 21 10 3.416 0.031 Goldman Sachs 9 3.504 4,257 23 8 3.633 -0.129 Barclays 10 3.265 3,545 20 16 2.387 0.878 Rabobank 10 3.019 3,669 46 5 4.148 -1.129 JP Morgan 11 3.241 3,519 20 5 4.960 -1.719 Barclays 11 2.984 3,626 25 18 1.974 1.010 ABN Amro Bank NV 12 2.993 3,250 21 13 3.075 -0.082 ABN Amro Bank NV 12 2.804 3,407 32 9 3.217 -0.413 Societe Generale 13 2.595 2,818 18 7 3.942 -1.347 Societe Generale 13 2.717 3,301 28 13 3.000 -0.283 Citi 14 2.378 2,582 20 14 2.700 -0.322 Sumitomo Mitsui Financial 14 2.504 3,042 24 17 2.030 0.474 Mizuho Financial 15 2.128 2,310 12 18 2.010 0.118 Citi 15 2.491 3,026 24 15 2.716 -0.225 Banco Santander 16 1.994 2,164 13 26 1.185 0.809 Banco Santander 16 2.376 2,887 21 25 1.249 1.127 Natixis 17 1.928 2,094 12 17 2.210 -0.282 UniCredit 17 2.236 2,717 19 14 2.884 -0.648 UniCredit 18 1.905 2,069 11 12 3.241 -1.336 Mizuho Financial 18 2.028 2,465 17 21 1.617 0.411 Mitsubishi UFJ Financial Group Inc 19 1.806 1,961 15 21 1.499 0.307 Mitsubishi UFJ Financial Group Inc 19 1.985 2,412 22 22 1.601 0.384 Sumitomo Mitsui Financial 20 1.787 1,940 12 19 1.719 0.068 NatWest Markets 20 1.771 2,152 17 16 2.299 -0.528 TOTAL 100% 108,569 143 100% TOTAL 100% 121,501 186 100%
German Borrower Loans (Bookrunner) German Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) UniCredit 1 11.410 14,824 78 2 10.300 1.110 Commerzbank 1 8.955 11,837 112 1 9.747 -0.792 Commerzbank 2 10.004 12,997 89 1 11.907 -1.903 JP Morgan 2 8.710 11,513 24 2 8.883 -0.173 JP Morgan 3 8.805 11,439 20 4 5.700 3.105 UniCredit 3 7.713 10,195 87 3 7.769 -0.056 Deutsche Bank 4 7.606 9,881 51 5 5.397 2.209 Deutsche Bank 4 5.784 7,645 68 4 5.260 0.524 BofA Securities 5 6.834 8,879 16 11 2.345 4.489 Landesbank Baden-Wuerttemberg 5 4.894 6,469 57 5 4.682 0.212 BNP Paribas 6 6.282 8,162 28 3 8.714 -2.432 BNP Paribas 6 4.883 6,454 41 6 4.318 0.565 Landesbank Baden-Wuerttemberg 7 3.861 5,015 34 6 5.107 -1.246 BofA Securities 7 4.862 6,427 18 14 2.595 2.267 Credit Suisse 8 3.632 4,718 10 17 1.653 1.979 Credit Suisse 8 3.903 5,159 14 21 1.477 2.426 HSBC 9 3.268 4,245 22 7 3.494 -0.226 HSBC 9 3.361 4,443 33 8 3.245 0.116 Goldman Sachs 10 3.246 4,217 18 19 1.480 1.766 Citi 10 3.113 4,115 14 9 3.014 0.099 Citi 11 3.078 3,999 11 8 3.391 -0.313 ING Groep 11 3.017 3,988 26 7 3.855 -0.838 ING Groep 12 2.783 3,615 16 10 2.764 0.019 DZ Bank 12 2.917 3,855 34 13 2.627 0.290 Sumitomo Mitsui Financial 13 2.371 3,080 10 15 1.766 0.605 Goldman Sachs 13 2.637 3,485 21 27 1.192 1.445 Credit Agricole CIB 14 2.328 3,025 12 9 3.034 -0.706 Landesbank Hessen-Thuringen Girozentrale 14 2.374 3,138 24 17 1.701 0.673 Barclays 15 1.988 2,583 15 14 1.918 0.070 Barclays 15 2.180 2,882 19 16 2.010 0.170 Societe Generale 16 1.720 2,234 10 13 1.987 -0.267 Sumitomo Mitsui Financial 16 2.167 2,864 12 15 2.022 0.145 DZ Bank 17 1.586 2,060 13 27 1.085 0.501 Credit Agricole CIB 17 2.139 2,827 14 12 2.775 -0.636 NatWest Markets 18 1.518 1,972 8 23 1.329 0.189 BayernLB 18 1.996 2,638 31 11 2.849 -0.853 Mitsubishi UFJ Financial Group Inc 19 1.471 1,911 6 24 1.228 0.243 Bank of China 19 1.826 2,414 11 41 0.542 1.284 Mizuho Financial 20 1.443 1,874 9 16 1.671 -0.228 NatWest Markets 20 1.800 2,379 10 19 1.612 0.188 TOTAL 100% 129,914 179 100% TOTAL 100% 132,185 189 100%
Bloomberg League Table Reports Page 18 Bloomberg EMEA Capital Markets | FY 2019
MENA Borrower Loans (Bookrunner) MENA Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) First Abu Dhabi Bank PJSC 1 10.260 7,336 29 1 8.729 1.531 HSBC 1 5.959 4,788 27 1 6.620 -0.661 HSBC 2 6.928 4,954 18 2 7.493 -0.565 First Abu Dhabi Bank PJSC 2 5.668 4,554 38 7 4.375 1.293 Sumitomo Mitsui Financial 3 4.628 3,309 8 5 6.272 -1.644 Sumitomo Mitsui Financial 3 4.247 3,412 14 4 4.682 -0.435 Mizuho Financial 4 4.563 3,263 8 6 5.727 -1.164 Citi 4 4.037 3,244 21 5 4.648 -0.611 Citi 5 4.078 2,916 17 4 6.427 -2.349 Mizuho Financial 5 3.631 2,918 12 3 4.948 -1.317 Standard Chartered Bank 6 3.825 2,735 10 3 6.948 -3.123 Standard Chartered Bank 6 3.629 2,916 14 2 6.027 -2.398 Credit Agricole CIB 7 3.704 2,649 7 9 4.129 -0.425 Credit Agricole CIB 7 3.560 2,861 14 8 3.190 0.370 Emirates NBD PJSC 8 3.577 2,558 19 10 3.219 0.358 Mashreqbank PSC 8 3.203 2,574 19 17 1.951 1.252 BNP Paribas 9 3.429 2,452 6 13 2.521 0.908 Samba Capital 9 2.901 2,331 12 14 2.076 0.825 Societe Generale 10 3.303 2,362 9 14 2.509 0.794 BNP Paribas 10 2.837 2,280 8 9 3.147 -0.310 Samba Capital 11 3.061 2,188 7 20 1.479 1.582 Emirates NBD PJSC 11 2.803 2,252 22 15 2.030 0.773 Dubai Islamic Bank 12 2.881 2,060 8 16 2.091 0.790 JP Morgan 12 2.690 2,162 10 10 2.700 -0.010 JP Morgan 13 2.845 2,034 7 8 4.190 -1.345 Abu Dhabi Commercial Bank 13 2.670 2,146 18 18 1.769 0.901 Mitsubishi UFJ Financial Group Inc 14 2.470 1,766 3 7 5.646 -3.176 Societe Generale 14 2.669 2,145 14 12 2.271 0.398 Banque Misr SAE 15 2.288 1,636 12 17 1.985 0.303 Mitsubishi UFJ Financial Group Inc 15 2.640 2,122 9 6 4.418 -1.778 National Bank of Egypt 16 2.269 1,622 12 12 2.547 -0.278 Natixis 16 2.436 1,957 11 23 1.517 0.919 Natixis 17 2.206 1,578 6 23 1.046 1.160 Industrial & Comm Bank of China 17 2.376 1,910 9 13 2.154 0.222 Mashreqbank PSC 18 2.164 1,548 9 11 2.565 -0.401 Dubai Islamic Bank 18 2.367 1,902 11 20 1.673 0.694 Abu Dhabi Commercial Bank 19 2.163 1,547 8 19 1.585 0.578 BofA Securities 19 2.305 1,852 7 44 0.498 1.807 Intesa Sanpaolo 20 2.127 1,521 4 67 0.037 2.090 National Commercial Bank 20 2.189 1,759 12 25 1.347 0.842 TOTAL 100% 71,505 111 100% TOTAL 100% 80,357 128 100%
GCC Borrower Loans (Bookrunner) GCC Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) First Abu Dhabi Bank PJSC 1 9.994 6,466 26 1 9.156 0.838 HSBC 1 6.166 4,506 23 1 6.875 -0.709 HSBC 2 6.652 4,304 16 4 7.053 -0.401 First Abu Dhabi Bank PJSC 2 5.715 4,176 34 7 4.392 1.323 Sumitomo Mitsui Financial 3 5.115 3,309 8 3 7.161 -2.046 Sumitomo Mitsui Financial 3 4.670 3,412 14 4 5.181 -0.511 Mizuho Financial 4 5.043 3,263 8 6 6.539 -1.496 Citi 4 4.439 3,244 21 5 4.945 -0.506 Citi 5 4.507 2,916 17 5 6.983 -2.476 Mizuho Financial 5 3.993 2,918 12 3 5.477 -1.484 Standard Chartered Bank 6 4.227 2,735 10 2 7.839 -3.612 Standard Chartered Bank 6 3.990 2,916 14 2 6.616 -2.626 Credit Agricole CIB 7 4.094 2,649 7 9 4.556 -0.462 Credit Agricole CIB 7 3.775 2,759 12 9 3.265 0.510 Emirates NBD PJSC 8 3.953 2,558 19 10 3.322 0.631 Samba Capital 8 3.190 2,331 12 14 2.298 0.892 BNP Paribas 9 3.790 2,452 6 11 2.878 0.912 Mashreqbank PSC 9 3.132 2,289 15 18 1.862 1.270 Societe Generale 10 3.650 2,362 9 12 2.864 0.786 BNP Paribas 10 3.120 2,280 8 8 3.483 -0.363 Samba Capital 11 3.383 2,188 7 18 1.689 1.694 Emirates NBD PJSC 11 3.007 2,197 21 16 2.018 0.989 Dubai Islamic Bank 12 3.184 2,060 8 14 2.387 0.797 JP Morgan 12 2.958 2,162 10 10 2.988 -0.030 JP Morgan 13 3.144 2,034 7 8 4.784 -1.640 Mitsubishi UFJ Financial Group Inc 13 2.903 2,122 9 6 4.890 -1.987 Mitsubishi UFJ Financial Group Inc 14 2.730 1,766 3 7 6.445 -3.715 Abu Dhabi Commercial Bank 14 2.861 2,091 17 17 1.958 0.903 Natixis 15 2.439 1,578 6 22 0.946 1.493 Societe Generale 15 2.844 2,078 13 13 2.363 0.481 Abu Dhabi Commercial Bank 16 2.391 1,547 8 17 1.809 0.582 Natixis 16 2.679 1,957 11 23 1.347 1.332 Intesa Sanpaolo 17 2.350 1,521 4 - - 2.350 Industrial & Comm Bank of China 17 2.613 1,910 9 12 2.384 0.229 BofA Securities 18 2.329 1,507 2 44 0.166 2.163 Dubai Islamic Bank 18 2.603 1,902 11 19 1.852 0.751 Bank ABC 19 1.849 1,196 11 29 0.711 1.138 BofA Securities 19 2.534 1,852 7 37 0.551 1.983 Mashreqbank PSC 20 1.751 1,133 7 16 2.191 -0.440 National Commercial Bank 20 2.065 1,509 10 22 1.381 0.684 TOTAL 100% 64,699 84 100% TOTAL 100% 73,079 96 100%
Bloomberg League Table Reports Page 19 Bloomberg EMEA Capital Markets | FY 2019
Africa Borrower Loans (Bookrunner) Africa Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) African Export-Import Bank 1 8.705 2,792 10 2 6.764 1.941 Standard Bank of South Africa 1 8.121 3,023 22 1 5.985 2.136 Mitsubishi UFJ Financial Group Inc 2 6.844 2,195 12 10 2.514 4.330 African Export-Import Bank 2 6.768 2,519 12 3 5.097 1.671 Standard Chartered Bank 3 6.417 2,058 13 1 7.726 -1.309 Eastern and Southern African Trade and 3 4.597 1,711 3 71 0.301 4.296 Eastern and Southern African Trade and 4 5.471 1,754 3 18 1.817 3.654 Devel Devel BNP Paribas 4 4.359 1,623 9 20 1.458 2.901 Banque Misr SAE 5 5.101 1,636 12 5 5.136 -0.035 Standard Chartered Bank 5 4.134 1,539 17 4 5.048 -0.914 Societe Generale 6 5.078 1,628 5 - - 5.078 Banque Misr SAE 6 3.801 1,415 13 6 3.789 0.012 National Bank of Egypt 7 5.059 1,622 12 3 6.591 -1.532 Societe Generale 7 3.766 1,402 8 23 1.319 2.447 Standard Bank of South Africa 8 4.926 1,580 6 13 2.331 2.595 National Bank of Egypt 8 3.443 1,282 12 5 4.672 -1.229 BofA Securities 9 3.782 1,213 10 14 2.202 1.580 ING Groep 9 3.213 1,196 7 43 0.711 2.502 Sumitomo Mitsui Financial 10 3.607 1,157 8 21 1.690 1.917 Mitsubishi UFJ Financial Group Inc 10 2.963 1,103 14 14 1.895 1.068 First Abu Dhabi Bank PJSC 11 3.561 1,142 9 9 2.529 1.032 BofA Securities 11 2.749 1,023 11 16 1.600 1.149 ING Groep 12 3.475 1,114 5 45 0.551 2.924 Absa Group Ltd 12 2.634 980 13 2 5.467 -2.833 Mizuho Financial 13 3.414 1,095 9 16 1.952 1.462 Mizuho Financial 13 2.507 933 10 13 1.950 0.557 HSBC 14 3.296 1,057 10 6 4.120 -0.824 Sumitomo Mitsui Financial 14 2.456 914 10 15 1.637 0.819 BNP Paribas 15 3.151 1,010 4 15 2.010 1.141 Industrial & Comm Bank of China 15 2.455 914 12 21 1.361 1.094 Citi 16 2.620 840 8 7 4.091 -1.471 Nedbank Ltd 16 2.398 893 12 8 3.192 -0.794 Nedbank Ltd 17 2.613 838 4 12 2.334 0.279 Citi 17 2.222 827 10 9 2.901 -0.679 Mashreqbank PSC 18 2.171 696 6 11 2.470 -0.299 FirstRand Ltd 18 2.072 771 9 7 3.663 -1.591 Natixis 19 2.167 695 3 43 0.563 1.604 First Abu Dhabi Bank PJSC 19 1.809 673 11 17 1.572 0.237 Absa Group Ltd 20 1.606 515 4 24 1.347 0.259 Commercial International Bank of Egypt 20 1.567 583 9 10 2.561 -0.994 TOTAL 100% 32,068 73 100% TOTAL 100% 37,220 101 100%
Sub-Sahara Africa Borrower Loans (Bookrunner) Sub-Sahara Africa Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) African Export-Import Bank 1 10.979 2,792 10 2 9.548 1.431 Standard Bank of South Africa 1 10.040 3,023 22 1 8.233 1.807 Mitsubishi UFJ Financial Group Inc 2 8.631 2,195 12 5 3.703 4.928 African Export-Import Bank 2 8.367 2,519 12 4 6.691 1.676 Standard Chartered Bank 3 8.093 2,058 13 1 11.067 -2.974 Eastern and Southern African Trade and 3 5.684 1,711 3 57 0.415 5.269 Eastern and Southern African Trade and 4 6.900 1,754 3 11 2.676 4.224 Devel Devel BNP Paribas 4 5.389 1,623 9 13 2.005 3.384 Societe Generale 5 6.404 1,628 5 - - 6.404 Standard Chartered Bank 5 5.111 1,539 17 3 6.751 -1.640 Standard Bank of South Africa 6 6.213 1,580 6 7 3.432 2.781 Societe Generale 6 4.434 1,335 7 22 1.280 3.154 BofA Securities 7 4.770 1,213 10 8 3.242 1.528 ING Groep 7 3.973 1,196 7 31 0.978 2.995 Sumitomo Mitsui Financial 8 4.549 1,157 8 14 2.490 2.059 Mitsubishi UFJ Financial Group Inc 8 3.663 1,103 14 10 2.607 1.056 ING Groep 9 4.383 1,114 5 34 0.812 3.571 BofA Securities 9 3.399 1,023 11 12 2.201 1.198 Mizuho Financial 10 4.306 1,095 9 10 2.874 1.432 Absa Group Ltd 10 3.256 980 13 2 7.521 -4.265 BNP Paribas 11 3.974 1,010 4 9 2.960 1.014 Mizuho Financial 11 3.100 933 10 9 2.683 0.417 Citi 12 3.305 840 8 4 4.844 -1.539 Sumitomo Mitsui Financial 12 3.036 914 10 11 2.252 0.784 Nedbank Ltd 13 3.296 838 4 6 3.438 -0.142 Industrial & Comm Bank of China 13 3.035 914 12 14 1.872 1.163 Natixis 14 2.733 695 3 - - 2.733 Nedbank Ltd 14 2.965 893 12 6 4.390 -1.425 Absa Group Ltd 15 2.025 515 4 17 1.983 0.042 Citi 15 2.748 827 10 7 3.282 -0.534 Mashreqbank PSC 16 1.755 446 5 29 1.177 0.578 FirstRand Ltd 16 2.562 771 9 5 5.039 -2.477 HSBC 17 1.601 407 8 32 1.058 0.543 Bank of China 17 1.398 421 9 19 1.364 0.034 Rabobank 18 1.259 320 2 - - 1.259 Natixis 18 1.334 402 5 32 0.963 0.371 First Abu Dhabi Bank PJSC 19 1.069 272 6 33 1.023 0.046 Commerzbank 19 1.192 359 9 16 1.466 -0.274 State Bank of India 20 0.963 245 7 54 0.178 0.785 Korea Development Bank 20 1.107 333 1 42 0.696 0.411 TOTAL 100% 25,427 47 100% TOTAL 100% 30,106 70 100%
Bloomberg League Table Reports Page 20 Bloomberg EMEA Capital Markets | FY 2019
EMEA Islamic Financing (Bookrunner) EMEA Islamic Financing (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) Dubai Islamic Bank 1 12.980 2,727 14 1 9.977 3.003 Dubai Islamic Bank 1 8.342 2,295 17 1 7.888 0.454 International Islamic Trade Finance 2 9.732 2,044 9 - - 9.732 International Islamic Trade Finance 2 7.432 2,044 9 - - 7.432 Corp/The Corp/The Emirates NBD PJSC 3 7.324 1,538 14 18 2.326 4.998 HSBC 3 6.003 1,651 10 2 5.445 0.558 HSBC 4 6.504 1,366 6 5 5.203 1.301 Samba Capital 4 4.777 1,314 6 17 2.490 2.287 Samba Capital 5 5.580 1,172 4 21 1.871 3.709 Emirates NBD PJSC 5 4.031 1,109 14 9 2.885 1.146 Al-Rajhi Banking & Investment Corp 6 4.620 970 3 19 2.052 2.568 National Commercial Bank 6 3.916 1,077 5 30 0.995 2.921 Arab National Bank 6 4.620 970 3 19 2.052 2.568 Banque Saudi Fransi 7 3.843 1,057 5 8 2.991 0.852 First Abu Dhabi Bank PJSC 8 4.212 885 9 4 5.580 -1.368 Al-Rajhi Banking & Investment Corp 8 3.825 1,052 6 10 2.864 0.961 National Commercial Bank 9 4.049 850 2 - - 4.049 Arab National Bank 9 3.528 970 3 23 2.060 1.468 Banque Saudi Fransi 10 3.787 795 2 16 3.314 0.473 Noor Bank 10 3.476 956 11 15 2.723 0.753 Noor Bank 11 3.390 712 6 8 4.964 -1.574 First Abu Dhabi Bank PJSC 11 3.060 842 11 20 2.309 0.751 Standard Chartered Bank 12 3.196 671 4 7 5.058 -1.862 Mashreqbank PSC 12 2.153 592 10 7 3.183 -1.030 Abu Dhabi Islamic Bank 13 3.157 663 5 6 5.140 -1.983 Standard Chartered Bank 13 1.982 545 5 4 3.977 -1.995 Mashreqbank PSC 14 2.948 619 7 3 6.002 -3.054 Abu Dhabi Islamic Bank 14 1.910 525 7 11 2.774 -0.864 Abu Dhabi Commercial Bank 15 2.387 501 3 24 1.050 1.337 Abu Dhabi Commercial Bank 15 1.869 514 4 33 0.825 1.044 Banque Misr SAE 16 2.214 465 3 35 0.159 2.055 Industrial & Comm Bank of China 16 1.811 498 3 16 2.502 -0.691 Gulf International Bank BSC 17 2.183 458 2 - - 2.183 Bank of China 17 1.764 485 2 21 2.283 -0.519 ICICI 18 2.142 450 2 - - 2.142 Kuveyt Turk Katilim Bankasi AS 18 1.728 475 2 - - 1.728 Bank ABC 19 1.686 354 2 29 0.456 1.230 TC Ziraat Bankasi 19 1.658 456 2 - - 1.658 National Bank of Bahrain BSC 20 1.444 303 1 - - 1.444 Turkiye Garanti Bankasi AS 19 1.658 456 2 89 0.020 1.638 TOTAL 100% 21,006 50 100% TOTAL 100% 27,508 56 100%
Spain Borrower Loans (Bookrunner) Spain Borrower Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) Banco Santander 1 16.454 10,360 93 1 17.613 -1.159 Banco Santander 1 11.699 8,049 127 1 10.722 0.977 Banco Bilbao Vizcaya Argentaria 2 11.874 7,476 67 2 10.077 1.797 Banco Bilbao Vizcaya Argentaria 2 10.113 6,959 95 3 7.573 2.540 CaixaBank 3 7.509 4,728 42 3 9.729 -2.220 CaixaBank 3 7.735 5,322 84 2 7.883 -0.148 BNP Paribas 4 7.276 4,581 24 4 4.826 2.450 BNP Paribas 4 6.684 4,599 33 7 4.406 2.278 Bankia 5 4.517 2,844 43 8 2.913 1.604 Bankia 5 6.013 4,137 93 4 5.457 0.556 Societe Generale 6 4.350 2,739 20 6 3.840 0.510 Banco Sabadell 6 4.651 3,200 65 5 5.280 -0.629 BofA Securities 7 4.260 2,682 11 12 2.295 1.965 Societe Generale 7 3.926 2,702 28 8 3.247 0.679 JP Morgan 8 3.874 2,440 12 16 1.956 1.918 BofA Securities 8 3.876 2,667 13 10 2.495 1.381 Banco Sabadell 9 3.224 2,030 25 7 2.980 0.244 HSBC 9 3.606 2,481 15 14 2.146 1.460 Credit Agricole CIB 10 3.169 1,996 23 5 4.676 -1.507 JP Morgan 10 3.506 2,412 13 19 1.985 1.521 Citi 11 3.047 1,918 12 9 2.649 0.398 Credit Agricole CIB 11 3.339 2,297 32 6 4.783 -1.444 Intesa Sanpaolo 12 2.771 1,745 10 19 1.892 0.879 Citi 12 2.486 1,711 13 11 2.474 0.012 HSBC 13 2.469 1,554 7 21 1.853 0.616 Intesa Sanpaolo 13 2.061 1,418 13 18 2.036 0.025 ING Groep 14 1.861 1,172 14 10 2.545 -0.684 ING Groep 14 1.948 1,340 21 16 2.128 -0.180 UniCredit 15 1.727 1,087 9 15 2.068 -0.341 Mizuho Financial 15 1.776 1,222 11 12 2.271 -0.495 Goldman Sachs 16 1.660 1,045 4 17 1.950 -0.290 Deutsche Bank 16 1.716 1,181 15 20 1.964 -0.248 Natixis 17 1.645 1,036 9 24 1.099 0.546 Goldman Sachs 17 1.694 1,165 7 24 1.583 0.111 Mizuho Financial 18 1.631 1,027 7 13 2.259 -0.628 Natixis 18 1.604 1,104 12 28 1.300 0.304 Commerzbank 19 1.557 980 8 22 1.689 -0.132 Barclays 19 1.603 1,103 13 9 2.553 -0.950 ANZ Banking Group 20 1.541 970 1 - - 1.541 ANZ Banking Group 20 1.410 970 1 - - 1.410 TOTAL 100% 62,966 169 100% TOTAL 100% 68,807 208 100%
Bloomberg League Table Reports Page 21 Bloomberg EMEA Capital Markets | FY 2019
EMEA Green UoP Loans (Bookrunner) EMEA Green UoP Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 11.723 1,836 7 2 15.166 -3.443 BNP Paribas 1 7.224 2,145 19 3 5.385 1.839 Mitsubishi UFJ Financial Group Inc 2 7.873 1,233 2 - - 7.873 Banco Santander 2 5.475 1,625 18 7 4.306 1.169 Societe Generale 3 6.791 1,064 5 9 3.548 3.243 CaixaBank 3 4.931 1,464 9 13 2.150 2.781 Goldman Sachs 4 5.875 920 1 - - 5.875 Societe Generale 4 4.743 1,408 15 4 5.356 -0.613 Intesa Sanpaolo 5 5.201 815 3 6 4.331 0.870 Banco Bilbao Vizcaya Argentaria 5 4.697 1,394 11 24 1.406 3.291 Natixis 6 5.151 807 3 8 3.886 1.265 ING Groep 6 4.463 1,325 14 2 6.508 -2.045 UniCredit 7 4.302 674 4 5 5.225 -0.923 Credit Agricole CIB 7 4.313 1,280 14 1 7.454 -3.141 Credit Agricole CIB 8 4.257 667 5 1 19.555 -15.298 Sumitomo Mitsui Financial 8 4.153 1,233 13 6 4.404 -0.251 CaixaBank 9 3.843 602 3 11 2.884 0.959 Mitsubishi UFJ Financial Group Inc 9 4.060 1,205 7 5 4.751 -0.691 Banco Santander 10 3.293 516 3 3 9.571 -6.278 Natixis 10 3.444 1,022 9 10 3.294 0.150 Standard Chartered Bank 11 2.879 451 2 - - 2.879 Rabobank 11 2.660 790 9 9 3.313 -0.653 Banco Bilbao Vizcaya Argentaria 12 2.802 439 3 10 3.302 -0.500 Bank of China 12 2.404 714 4 37 0.594 1.810 ING Groep 13 2.777 435 2 4 5.661 -2.884 Siemens Bank GmbH 13 2.022 600 6 29 1.099 0.923 Sumitomo Mitsui Financial 14 2.767 433 2 15 1.410 1.357 Standard Chartered Bank 14 1.907 566 3 - - 1.907 Lloyds Bank 15 2.485 389 1 - - 2.485 Lloyds Bank 15 1.848 549 3 35 0.842 1.006 Agricultural Bank of China 16 2.284 358 1 - - 2.284 Goldman Sachs 16 1.738 516 3 62 0.222 1.516 Bank of China 16 2.284 358 1 - - 2.284 Kreditanstalt fuer Wiederaufbau 17 1.703 506 4 11 2.399 -0.696 China Everbright Bank 16 2.284 358 1 - - 2.284 Intesa Sanpaolo 18 1.673 497 5 21 1.709 -0.036 Industrial & Comm Bank of China 16 2.284 358 1 - - 2.284 SEB 19 1.620 481 5 14 2.089 -0.469 Union National Bank PJSC 16 2.284 358 1 21 0.976 1.308 Industrial & Comm Bank of China 20 1.593 473 2 22 1.624 -0.031 TOTAL 100% 15,666 35 100% TOTAL 100% 29,688 72 100%
EMEA Acquisition Loans (Bookrunner) EMEA Acquisition Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 12.640 22,063 79 1 9.300 3.340 BNP Paribas 1 7.431 14,138 117 1 8.033 -0.602 Barclays 2 9.431 16,461 30 4 4.836 4.595 JP Morgan 2 5.552 10,564 41 2 7.884 -2.332 Credit Agricole CIB 3 7.759 13,544 68 3 7.285 0.474 BofA Securities 3 4.827 9,183 31 12 2.899 1.928 BofA Securities 4 7.665 13,379 26 11 3.290 4.375 Deutsche Bank 4 4.307 8,195 53 8 3.541 0.766 Goldman Sachs 5 5.505 9,608 35 6 4.370 1.135 Credit Agricole CIB 5 4.030 7,667 94 6 4.075 -0.045 JP Morgan 6 4.573 7,982 31 2 7.376 -2.803 HSBC 6 3.936 7,489 56 3 4.577 -0.641 Deutsche Bank 7 4.266 7,446 40 8 4.279 -0.013 Goldman Sachs 7 3.735 7,106 44 13 2.663 1.072 Morgan Stanley 8 3.698 6,454 14 17 2.078 1.620 Societe Generale 8 3.497 6,654 48 9 3.519 -0.022 HSBC 9 3.295 5,751 39 9 3.886 -0.591 ING Groep 9 3.419 6,506 54 10 3.398 0.021 Credit Suisse 10 3.127 5,458 30 14 2.633 0.494 Barclays 10 3.312 6,302 39 5 4.170 -0.858 Societe Generale 11 2.923 5,102 30 10 3.636 -0.713 Credit Suisse 11 3.214 6,115 32 7 3.725 -0.511 UniCredit 12 2.748 4,796 40 5 4.535 -1.787 UniCredit 12 2.981 5,671 50 4 4.201 -1.220 Citi 13 2.412 4,210 18 7 4.282 -1.870 Natixis 13 2.774 5,277 52 14 2.539 0.235 Natixis 14 2.354 4,109 38 13 2.936 -0.582 Banco Santander 14 2.741 5,216 45 18 2.110 0.631 ING Groep 15 2.331 4,069 31 15 2.512 -0.181 Citi 15 2.718 5,172 28 11 2.932 -0.214 Banco Santander 16 2.169 3,787 33 18 1.757 0.412 Danske Bank 16 2.256 4,292 26 30 0.977 1.279 Danske Bank 17 1.821 3,179 18 44 0.335 1.486 Nordea 17 2.232 4,246 25 25 1.249 0.983 Nordea 18 1.492 2,604 14 26 1.104 0.388 NatWest Markets 18 2.060 3,919 27 15 2.474 -0.414 Mitsubishi UFJ Financial Group Inc 19 1.201 2,097 6 22 1.555 -0.354 Sumitomo Mitsui Financial 19 1.992 3,790 18 21 1.712 0.280 Mizuho Financial 20 1.185 2,068 10 24 1.223 -0.038 Morgan Stanley 20 1.989 3,785 17 17 2.189 -0.200 TOTAL 100% 174,545 253 100% TOTAL 100% 190,263 311 100%
Bloomberg League Table Reports Page 22 Bloomberg EMEA Capital Markets | FY 2019
EMEA Leveraged Acquisition Loans (Bookrunner) EMEA Leveraged Acquisition Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) BNP Paribas 1 7.451 4,566 42 2 6.422 1.029 BNP Paribas 1 7.013 4,768 59 1 6.815 0.198 Deutsche Bank 2 6.508 3,988 32 1 6.589 -0.081 Deutsche Bank 2 5.899 4,011 37 2 6.230 -0.331 Goldman Sachs 3 5.643 3,458 30 3 5.702 -0.059 HSBC 3 5.534 3,763 32 3 5.247 0.287 HSBC 4 5.498 3,369 25 6 5.217 0.281 Goldman Sachs 4 5.262 3,577 33 7 4.078 1.184 JP Morgan 5 5.429 3,327 22 8 4.419 1.010 JP Morgan 5 4.871 3,312 25 8 3.840 1.031 Credit Agricole CIB 6 4.984 3,054 43 4 5.491 -0.507 Credit Agricole CIB 6 4.519 3,072 58 4 4.867 -0.348 BofA Securities 7 4.713 2,888 18 17 2.652 2.061 BofA Securities 7 4.060 2,760 18 17 2.345 1.715 Barclays 8 4.478 2,744 22 5 5.450 -0.972 Barclays 8 3.955 2,689 25 5 4.822 -0.867 Credit Suisse 9 4.243 2,600 28 7 4.852 -0.609 Credit Suisse 9 3.505 2,383 28 6 4.470 -0.965 UniCredit 10 3.330 2,040 24 11 3.426 -0.096 ING Groep 10 3.491 2,374 31 10 3.624 -0.133 Natixis 11 3.058 1,874 27 10 3.530 -0.472 Banco Santander 11 2.926 1,989 27 26 1.231 1.695 Banco Santander 12 2.892 1,772 21 20 1.640 1.252 Societe Generale 12 2.713 1,845 25 9 3.638 -0.925 Societe Generale 13 2.825 1,731 17 9 4.183 -1.358 UniCredit 13 2.654 1,805 28 11 3.283 -0.629 ING Groep 14 2.510 1,538 21 12 3.410 -0.900 Natixis 14 2.653 1,803 31 12 3.146 -0.493 UBS 15 2.497 1,530 13 15 2.886 -0.389 NatWest Markets 15 2.544 1,730 15 16 2.407 0.137 NatWest Markets 16 2.491 1,527 10 18 2.141 0.350 UBS 16 2.251 1,530 13 14 2.516 -0.265 Rabobank 17 2.372 1,454 9 22 1.427 0.945 Danske Bank 17 2.129 1,447 12 24 1.260 0.869 Morgan Stanley 18 2.327 1,426 11 13 3.277 -0.950 Citi 18 2.035 1,383 12 13 3.007 -0.972 Danske Bank 19 2.325 1,425 9 39 0.384 1.941 Morgan Stanley 19 2.027 1,378 11 18 2.128 -0.101 Citi 20 2.201 1,349 9 16 2.748 -0.547 RBC Capital Markets 20 1.919 1,305 13 15 2.492 -0.573 TOTAL 100% 61,276 161 100% TOTAL 100% 67,988 197 100%
EMEA Investment Grade Acquisition Loans (Bookrunner) EMEA Investment Grade Acquisition Loans (Mandated Lead Arranger) FY 2019 FY 2018 FY 2019 FY 2018
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(%) Barclays 1 17.941 13,328 4 6 5.586 12.355 JP Morgan 1 8.255 6,342 12 1 12.419 -4.164 BofA Securities 2 12.466 9,260 4 7 4.682 7.784 BofA Securities 2 7.940 6,100 9 5 4.004 3.936 Credit Agricole CIB 3 12.106 8,993 7 3 9.492 2.614 BNP Paribas 3 6.719 5,162 16 2 9.166 -2.447 Goldman Sachs 4 8.176 6,074 4 8 4.341 3.835 Credit Suisse 4 4.645 3,568 3 16 2.461 2.184 BNP Paribas 5 7.317 5,435 10 1 11.410 -4.093 Societe Generale 5 4.330 3,326 9 7 3.687 0.643 Morgan Stanley 6 6.768 5,028 3 15 1.853 4.915 Goldman Sachs 6 3.850 2,957 8 22 1.896 1.954 JP Morgan 7 6.116 4,543 7 2 10.608 -4.492 Barclays 7 3.702 2,844 7 4 4.045 -0.343 Credit Suisse 8 3.626 2,694 1 18 1.477 2.149 Citi 8 3.580 2,750 7 8 3.589 -0.009 Societe Generale 9 3.523 2,617 5 10 3.282 0.241 Deutsche Bank 9 3.452 2,652 7 18 2.128 1.324 Deutsche Bank 10 3.208 2,383 3 9 3.915 -0.707 Commerzbank 10 3.224 2,477 7 11 3.225 -0.001 Citi 11 3.197 2,375 4 4 6.681 -3.484 Banco Santander 11 3.047 2,341 7 14 2.488 0.559 Mitsubishi UFJ Financial Group Inc 12 2.051 1,523 2 12 2.529 -0.478 HSBC 12 2.969 2,281 6 6 3.720 -0.751 HSBC 13 1.622 1,205 3 14 1.998 -0.376 Credit Agricole CIB 13 2.891 2,221 8 12 3.064 -0.173 Natixis 14 1.585 1,177 3 16 1.650 -0.065 UniCredit 14 2.610 2,005 6 3 5.948 -3.338 Banco Santander 15 1.114 828 4 19 1.361 -0.247 Sumitomo Mitsui Financial 15 2.591 1,990 5 20 2.006 0.585 Intesa Sanpaolo 16 0.946 703 3 13 2.515 -1.569 Morgan Stanley 16 2.504 1,923 5 13 3.017 -0.513 UniCredit 16 0.946 703 3 5 6.519 -5.573 Mizuho Financial 17 2.491 1,914 6 17 2.246 0.245 Mizuho Financial 18 0.789 586 2 23 1.041 -0.252 Intesa Sanpaolo 18 2.476 1,902 5 15 2.479 -0.003 ING Groep 19 0.694 516 2 22 1.143 -0.449 ING Groep 19 2.412 1,853 5 9 3.295 -0.883 Commerzbank 20 0.685 509 2 11 3.045 -2.360 Natixis 20 2.117 1,626 5 23 1.838 0.279 TOTAL 100% 74,287 19 100% TOTAL 100% 76,822 21 100%
Bloomberg League Table Reports Page 23 Bloomberg EMEA Capital Markets | FY 2019
EMEA Institutional ex-Repricing: Bookrunner EMEA Institutional ex-Repricing: Mandated Lead Arranger FY 2019 FY 2018 FY 2019 FY 2018
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 10.817 8,420 47 6 5.391 5.426 JP Morgan 1 10.223 8,087 48 5 5.034 5.189 Goldman Sachs 2 8.598 6,692 57 1 8.003 0.595 Goldman Sachs 2 8.323 6,584 58 1 7.105 1.218 Deutsche Bank 3 7.582 5,901 49 2 6.857 0.725 Deutsche Bank 3 7.075 5,597 50 2 6.448 0.627 BNP Paribas 4 6.280 4,888 53 3 5.790 0.490 BNP Paribas 4 5.888 4,658 58 3 5.659 0.229 Credit Suisse 5 5.979 4,654 37 7 4.930 1.049 Credit Suisse 5 5.644 4,464 37 6 4.902 0.742 Credit Agricole CIB 6 4.857 3,781 35 8 4.129 0.728 Credit Agricole CIB 6 4.739 3,749 40 9 3.815 0.924 Barclays 7 4.573 3,559 34 5 5.435 -0.862 Barclays 7 4.316 3,414 37 7 4.891 -0.575 BofA Securities 8 4.287 3,337 27 16 2.857 1.430 HSBC 8 4.308 3,408 40 4 5.441 -1.133 HSBC 9 3.905 3,039 35 4 5.695 -1.790 BofA Securities 9 4.074 3,222 27 17 2.740 1.334 Natixis 10 3.879 3,019 33 10 3.642 0.237 Natixis 10 3.791 2,999 36 10 3.686 0.105 Morgan Stanley 11 3.303 2,571 20 11 3.602 -0.299 Morgan Stanley 11 3.343 2,644 21 16 2.806 0.537 ING Groep 12 2.701 2,102 26 9 3.752 -1.051 Societe Generale 12 3.249 2,570 30 11 3.533 -0.284 Societe Generale 13 2.408 1,874 21 13 3.439 -1.031 ING Groep 13 2.672 2,114 30 8 4.057 -1.385 Citi 14 2.141 1,666 20 14 3.281 -1.140 Nomura 14 1.914 1,514 10 24 1.461 0.453 Nomura 15 2.068 1,610 10 23 1.439 0.629 Banco Santander 15 1.879 1,486 19 39 0.352 1.527 Banco Santander 16 1.871 1,456 15 38 0.216 1.655 Citi 16 1.812 1,434 20 12 3.247 -1.435 UniCredit 17 1.835 1,428 21 12 3.600 -1.765 UBS 17 1.767 1,398 13 14 2.964 -1.197 UBS 18 1.796 1,398 13 15 3.001 -1.205 UniCredit 18 1.717 1,358 21 13 3.229 -1.512 RBC Capital Markets 19 1.619 1,260 17 18 2.689 -1.070 RBC Capital Markets 19 1.639 1,296 17 18 2.486 -0.847 Sumitomo Mitsui Financial 20 1.477 1,150 14 17 2.793 -1.316 Sumitomo Mitsui Financial 20 1.453 1,150 14 15 2.872 -1.419 TOTAL 100% 77,837 196 100% TOTAL 100% 79,105 203 100%
Bloomberg League Table Reports Page 24 Bloomberg – League Tables Criteria
General Guidelines
Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.
Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self- led transactions are included. New money portions of exchange offers are eligible for credit.
Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.
Equities-Linked
Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/ puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.
Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.
Equities
Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.
Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.
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 – League Tables Criteria
Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. 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 extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.
Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities, loan pacts, and standalone guarantee facilities/letters of credit.
US Municipals
Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.
Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date. All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax- exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.
Each table has five potential display formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. "Participation (100%)" displays rankings based on allocating 100% to each syndicate participant. "Financial Advisor" assigns credit evenly divided between all participating financial advisors. "Bond Counsel" assigns credit evenly divided between all participating bond counsels. US Municipals tables included in the “Global Capital Markets” and “Americas Capital Markets” publications are ranked according to true economic credit.
A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.
Exclusions: Derivatives, private placements, variable rate preferred securities, and remarketings are excluded from municipal league table eligibility. 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.