Global Syndicated Loans Review

FIRST HALF 2021 | MANAGING UNDERWRITERS

An LSEG Business Global Syndicated Loans Review First Half 2021 | Managing Underwriters

Global Deals Intelligence Global Scorecard: Global Syndicated Loans 01/01/2021 - 06/30/2021 01/01/2020 - 06/30/2020 YoY % YoY % GLOBAL SYNDICATED LENDING UP 22% TO THREE-YEAR HIGH Target Region / Nation Proceeds (US$mil) # of Deals Proceeds (US$mil) # of Deals Chg. ($) Chg. (#) Worldwide 2,547,205.9 4,638 2,085,991.1 4,644 22% ▲ 0% ▼ Global syndicated lending totaled US$2.5 trillion during the first half of 2021, a 22% increase in total Americas 1,719,479.8 2,379 1,146,897.4 1,998 50% ▲ 19% ▲ proceeds compared to first half of 2020, and the strongest opening six-month period for lending since 2018. Latin America 13,748.4 39 9,437.8 33 46% ▲ 18% ▲ By number of deals, 4,638 loans reached financial close during the first half of 2021, on par with a year ago. Brazil 2,975.0 4 3,346.4 6 -11% ▼ -33% ▼ Second quarter 2021 loan proceeds totaled US$1.3 trillion, flat compared to the first quarter of this year, Mexico 8,251.6 23 2,902.6 13 184% ▲ 77% ▲ North America 1,705,316.4 2,339 1,136,409.6 1,962 50% ▲ 19% ▲ while the number of loans fell 29% compared to the previous quarter. United States of America 1,561,389.3 2,063 1,056,007.3 1,723 48% ▲ 20% ▲ Canada 143,927.1 277 80,402.4 241 79% ▲ 15% ▲ ACQUISITION-RELATED FINANCING SURPASSES US$500 BILLION, UP 75% Africa/Middle East/Central Asia 58,654.9 59 54,522.8 70 8% ▲ -16% ▼ Acquisition-related financing totaled US$505.2 billion during the first half of 2021, a 75% increase compared Middle East 50,407.0 29 37,887.4 26 33% ▲ 12% ▲ to a year ago and the strongest opening six-month period for acquisition-related lending since 2018. Saudi Arabia 36,751.0 6 11,964.7 4 207% ▲ 50% ▲ United Arab Emirates 9,351.0 13 19,453.0 12 -52% ▼ 8% ▲ Lending in the Financials, Industrials and Technology sectors accounted for 49% of overall acquisition North Africa 2,132.9 4 2,339.3 6 -9% ▼ -33% ▼ lending during the first half of 2021, up from a combined 38% a year ago. Sub-Saharan Africa 5,365.1 25 13,296.1 37 -60% ▼ -32% ▼ Europe 419,815.8 520 506,718.5 743 -17% ▼ -30% ▼ TECH AND HEALTHCARE LEAD ADVANCING INDUSTRIES; INDUSTRIALS, MATERIALS FALL Eastern Europe 21,856.0 28 22,897.5 52 -5% ▼ -46% ▼ Poland 1,945.9 2 3,220.2 9 -40% ▼ -78% ▼ The Financials sector led all other sectors during the first half of 2021, with US$452.2 billion, a 32% increase Russian Federation 8,770.3 8 7,010.0 8 25% ▲ 0% - in proceeds compared to a year ago. Energy and Power and Industrials rounded out the top three sectors Turkey 9,137.4 14 8,713.2 21 5% ▲ -33% ▼ during the half. The Technology and Healthcare sectors posted the strongest gains compared to the first Western Europe 397,959.8 492 483,821.0 691 -18% ▼ -29% ▼ half of 2020, with increases of 99% and 61%, respectively. Leading the decliners, the Industrials and France 75,313.4 98 86,354.3 125 -13% ▼ -22% ▼ -29% ▼ -39% ▼ Materials sectors registered the largest percentage declines compared to a year ago. Germany 59,968.8 59 84,044.0 97 Spain 28,959.1 98 29,019.0 135 0% ▼ -27% ▼ United Kingdom 87,771.6 77 98,870.0 110 -11% ▼ -30% ▼ EUROPEAN BORROWING FALLS TO FIVE-YEAR LOW, DOWN 17% Asia-Pacific (ex Central Asia) 237,778.0 679 235,340.3 776 1% ▲ -13% ▼ Syndicated lending in Europe reached US$419.8 billion from 520 deals during the first half of 2021, a 17% Australia 34,790.6 81 50,322.2 106 -31% ▼ -24% ▼ decrease in proceeds compared to a year ago and the slowest opening period for syndicated loans in China 77,996.7 264 60,587.0 271 29% ▲ -3% ▼ Hong Kong 68,952.6 112 41,208.4 92 67% ▲ 22% ▲ Europe since 2016. Lending in the United Kingdom and France accounted for 39% of overall European loan India 12,925.7 41 23,564.1 88 -45% ▼ -53% ▼ activity during the first half of 2021. Singapore 15,522.1 44 17,968.1 33 -14% ▼ 33% ▲ SouthEastSouth East Asia Asia 24,377.7 79 29,539.7 77 -17% ▼ 3% ▲ AMERICAS LOANS ACCOUNT FOR 67% OF OVERALL MARKET Japan 111,477.5 1,024 142,512.1 1,076 -22% ▼ -5% ▼ Borrowing in the Americas totaled US$1.7 trillion from 2,379 loans during the first half of 2021, an increase of 50% compared to first half 2020, by proceeds, and an 19% increase by number of deals. Americas loans accounted for 67% of overall syndicated lending during the first half of 2021, up from 55% during first half Leading Underwriters During the Second Quarter of 2021 2020. Market Market Share Market Sector No. 1 Manager Share (%) Change QoQ (%) Global Loans (R1) BofA Securities Inc 11.4 2.2 ▲ ASIA PACIFIC LENDING UP 1%; JAPAN LOANS FALL 22% Americas Loans (R7) BofA Securities Inc 13.2 0.7 ▲ Syndicated lending in Asia Pacific totaled US$237.8 billion during the first half of 2021, a 1% increase North American Loans (R9) BofA Securities Inc 13.2 0.6 ▲ compared to a year ago and the strongest period for lending in the region since 2019. China and Hong US Loans (R11) JP Morgan 13.9 0.4 ▲ Kong loans accounted for a combined 69% of Asia Pacific proceeds during the first half of. Lending in India US Leveraged Loans (R11a) BofA Securities Inc 14.8 2.7 ▲ US Investment Grade Loans (R11b) JP Morgan 17.7 -1.9 ▼ decreased 45% compared to a year ago, while syndicated loans in Japan totaled US$111.5 billion during the Canada Loans BMO Capital Markets 15.5 0.5 ▲ first half of 2021, a 22% decrease compared to year ago levels and an 16-year low. Latin America Loans (R16) Santander Corp & Invest Bkg 21.6 15.2 ▲ EMEA Loans (R17) Societe Generale 8.1 4.4 ▲ EMEA Leveraged Loans (P10) BNP Paribas SA 11.7 3.9 ▲ Asia-Pacific ex. Japan ex. Australia (S5b) Bank of China Ltd 14.8 -17.6 ▼ Asia-Pacific ex. Japan ex. Australia (S5c) Bank of China Ltd 13.7 -19.3 ▼ Japan Loans (S12a) Mizuho Financial Group 43.2 9.6 ▲ Japan Loans (S12b) Mizuho Financial Group 50.6 16.9 ▲ Australian Loans (S7) Commonwealth Bank of Australia 25.6 -7.7 ▼

An LSEG Business 1 Global Insights First Half 2021 | Syndicated Loans | Managing Underwriters

Global Syndicated Loans Volume (US$bil) Global Syndicated Loans M&A Volume (US$bil)

$6,000 6,000 $1,200 900

800 $5,000 5,000 $1,000 700

$4,000 4,000 $800 600

500 $3,000 3,000 $600 400

$2,000 2,000 $400 300

200 $1,000 1,000 $200 100

$0 0 $0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 Q2 Q3 Q4 1H No. of Deals Q1 Q2 Q3 Q4 1H No. of Deals

Global Loans Bookrunner Ranking Top 10 Global Syndicated Loans

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Package Amt 1 BofA Securities Inc Closing Date Borrower Target Nation (US$mil) Primary UOP 5/17/2021 Magallanes Inc United States 41,500.0 Acquisition Fin. 2 JP Morgan 6/17/2021 Vonovia SE Germany 26,669.4 Acquisition Fin.

3 Citi 2/24/2021 Verizon Communications Inc United States 25,000.0 General Corp. Purp.

6/22/2021 Canadian National Railway Co United States 19,300.0 Acquisition Fin. 4 Wells Fargo & Co

3/30/2021 AerCap Holdings NV United States 19,000.0 Acquisition Fin. 5 Goldman Sachs & Co 4/7/2021 General Motors Co United States 17,500.0 General Corp. Purp.

6 Mizuho Financial Group 4/27/2021 Walmart Inc United States 17,060.0 General Corp. Purp.

7 Barclays 3/9/2021 Saudi United Invest Co Saudi Arabia 15,000.0 General Corp. Purp.

1/29/2021 AT&T Inc United States 14,700.0 General Corp. Purp. 8 Mitsubishi UFJ Financial Group 4/22/2021 Rogers Communications Inc Canada 13,000.0 Acquisition Fin. 9 RBC Capital Markets

10 BNP Paribas SA *League Table positions reflect consolidation within the banking sector. Rankings are as of the current quarter end in each calendar year.

An LSEG Business 2 Global Rankings First Half 2021 | Syndicated Loans | Managing Underwriters

Global Loans Bookrunner R1 YoY Change ($) 27% QoQ Change ($) 2% Global Loans Mandated Arrangers R3 YoY Change ($) 22% QoQ Change ($) 0% Rank Rank Proceeds # of Market Market Share Rank Rank Proceeds # of Market Market Share Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) Mandated Arranger 2021 2020 US$mil Deals Share (%) Change (%) BofA Securities Inc 1 1 240,453.0 782 10.3 1.8 ▲ BofA Securities Inc 1 1 216,825.6 885 8.5 1.6 ▲ JP Morgan 2 2 231,791.2 709 9.9 1.4 ▲ JP Morgan 2 2 212,938.5 798 8.4 1.7 ▲ Citi 3 3 130,903.3 367 5.6 -0.7 ▼ Citi 3 3 119,303.3 466 4.7 -0.6 ▼ Wells Fargo & Co 4 5 124,007.1 497 5.3 0.6 ▲ Wells Fargo & Co 4 7 106,559.0 560 4.2 0.5 ▲ Goldman Sachs & Co 5 12 96,195.4 277 4.1 1.7 ▲ Mizuho Financial Group 5 4 98,075.9 526 3.9 -0.9 ▼ Mizuho Financial Group 6 6 86,442.1 415 3.7 -0.9 ▼ Mitsubishi UFJ Financial Group 6 5 97,049.8 788 3.8 -0.3 ▼ Barclays 7 10 80,361.9 295 3.5 1.0 ▲ Goldman Sachs & Co 7 13 89,328.2 345 3.5 1.2 ▲ Mitsubishi UFJ Financial Group 8 7 78,615.0 634 3.4 -0.8 ▼ Barclays 8 9 82,230.5 368 3.2 0.6 ▲ RBC Capital Markets 9 17 66,629.5 269 2.9 1.0 ▲ BNP Paribas SA 9 8 76,118.6 428 3.0 -0.6 ▼ BNP Paribas SA 10 4 66,062.2 262 2.8 -2.0 ▼ RBC Capital Markets 10 18 74,709.7 339 2.9 1.0 ▲ Morgan Stanley 11 15 61,471.8 153 2.6 0.6 ▲ Sumitomo Mitsui Finl Grp Inc 11 6 69,925.1 598 2.8 -1.2 ▼ Sumitomo Mitsui Finl Grp Inc 12 8 58,316.5 450 2.5 -1.2 ▼ Deutsche Bank 12 12 66,848.9 325 2.6 0.3 ▲ Credit Suisse 13 16 58,251.2 242 2.5 0.5 ▲ Bank of China Ltd 13 10 64,175.5 340 2.5 0.1 ▲ Deutsche Bank 14 13 57,740.1 248 2.5 0.1 ▲ Morgan Stanley 14 15 63,443.2 205 2.5 0.3 ▲ Bank of China Ltd 15 9 46,884.5 198 2.0 -0.6 ▼ Credit Suisse 15 16 59,427.2 289 2.3 0.3 ▲ HSBC Holdings PLC 16 14 46,834.5 197 2.0 -0.3 ▼ HSBC Holdings PLC 16 11 56,118.0 345 2.2 -0.2 ▼ BMO Capital Markets 17 23 43,057.5 253 1.9 0.5 ▲ TD Securities Inc 17 20 45,510.6 231 1.8 0.3 ▲ Scotiabank 18 22 41,387.1 168 1.8 0.3 ▲ BMO Capital Markets 18 23 44,989.0 317 1.8 0.5 ▲ US Bancorp 19 20 40,404.2 218 1.7 0.1 ▲ Scotiabank 19 21 42,819.4 237 1.7 0.3 ▲ Credit Agricole CIB 20 11 37,115.9 151 1.6 -0.9 ▼ US Bancorp 20 19 41,345.5 295 1.6 -0.1 ▼ Truist Financial Corp 21 25 36,686.0 217 1.6 0.5 ▲ Credit Agricole CIB 21 14 39,546.1 252 1.6 -0.6 ▼ TD Securities Inc 22 19 34,683.8 148 1.5 -0.1 ▼ Truist Financial Corp 22 25 39,368.4 284 1.6 0.5 ▲ CIBC World Markets Inc 23 26 29,854.8 184 1.3 0.2 ▲ PNC Financial Services Group 23 24 33,033.5 248 1.3 0.1 ▲ PNC Financial Services Group 24 24 28,950.8 187 1.2 -0.1 ▼ CIBC World Markets Inc 24 28 30,032.7 231 1.2 0.2 ▲ Societe Generale 25 18 27,454.5 99 1.2 -0.4 ▼ Societe Generale 25 17 28,908.6 207 1.1 -0.8 ▼ Industry Total 2,332,093.0 4,225 100 Industry Total 2,547,205.9 4,638 100

Global Loans Mergers & Acquisitions YoY Change ($) 97% QoQ Change ($) 36% Global Debt & Syndicated Loans DL1 YoY Change ($) -2% QoQ Change ($) 4% Rank Rank Proceeds # of Market Market Share Rank Rank Proceeds # of Market Market Share Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) Mandated Arranger 2021 2020 US$mil Deals Share (%) Change (%) BofA Securities Inc 1 4 57,718.3 109 12.3 6.1 ▲ JP Morgan 1 1 536,015.0 1869 7.6 0.1 ▲ JP Morgan 2 1 49,498.7 105 10.5 3.2 ▲ BofA Securities Inc 2 2 452,983.4 1641 6.5 0.4 ▲ Goldman Sachs & Co 3 10 48,008.2 70 10.2 7.0 ▲ Citi 3 3 360,916.8 1250 5.1 -0.5 ▼ Barclays 4 6 26,132.8 57 5.6 1.6 ▲ Goldman Sachs & Co 4 7 271,183.7 895 3.9 0.5 ▲ RBC Capital Markets 5 11 21,872.1 66 4.6 1.7 ▲ Morgan Stanley 5 8 249,864.9 841 3.6 0.2 ▲ Citi 6 7 21,792.3 37 4.6 0.6 ▲ Wells Fargo & Co 6 5 230,490.0 1034 3.3 -0.3 ▼ Morgan Stanley 7 2 21,302.1 32 4.5 -2.3 ▼ Barclays 7 4 227,460.9 979 3.2 -1.0 ▼ Credit Suisse 8 3 18,063.0 71 3.8 -2.6 ▼ Deutsche Bank 8 10 201,186.2 891 2.9 0.1 ▲ Societe Generale 9 22 11,888.9 19 2.5 1.3 ▲ BNP Paribas SA 9 6 201,103.0 861 2.9 -0.5 ▼ Wells Fargo & Co 10 14 11,462.2 48 2.4 0.2 ▲ HSBC Holdings PLC 10 9 176,313.5 831 2.5 -0.4 ▼ Deutsche Bank 11 8 11,123.6 65 2.4 -1.5 ▼ Mizuho Financial Group 11 11 165,923.4 975 2.4 0.0 - BNP Paribas SA 12 9 10,582.3 57 2.3 -1.3 ▼ RBC Capital Markets 12 13 151,890.3 810 2.2 0.2 ▲ BMO Capital Markets 13 17 9,175.4 75 2.0 0.2 ▲ Credit Suisse 13 14 144,510.6 704 2.1 0.1 ▲ Jefferies LLC 14 27 8,603.8 48 1.8 0.8 ▲ Bank of China Ltd 14 12 143,671.5 1171 2.1 0.1 ▲ Truist Financial Corp 15 21 7,843.7 47 1.7 0.4 ▲ Mitsubishi UFJ Financial Group 15 16 122,993.2 921 1.8 0.0 - HSBC Holdings PLC 16 13 7,796.3 31 1.7 -0.6 ▼ Credit Agricole CIB 16 15 118,131.1 554 1.7 -0.3 ▼ Antares Capital Corp 17 19 7,294.2 71 1.6 0.1 ▲ TD Securities Inc 17 17 104,422.8 521 1.5 -0.1 ▼ Mitsubishi UFJ Financial Group 18 16 7,269.5 44 1.5 -0.3 ▼ Societe Generale 18 19 101,450.2 367 1.5 -0.1 ▼ Credit Agricole CIB 19 12 6,365.4 23 1.4 -1.2 ▼ Industrial & Comm Bank China 19 20 100,599.1 949 1.4 0.0 - Mizuho Financial Group 20 5 6,254.4 35 1.3 -3.5 ▼ Sumitomo Mitsui Finl Grp Inc 20 18 100,413.0 750 1.4 -0.2 ▼ Sumitomo Mitsui Finl Grp Inc 21 33 5,475.6 33 1.2 0.5 ▲ CITIC 21 23 97,474.1 1151 1.4 0.2 ▲ UBS 22 34 5,201.0 29 1.1 0.5 ▲ Agricultural Bank of China 22 29 87,565.2 773 1.3 0.4 ▲ Citizens Financial Group 23 28 4,676.0 42 1.0 0.1 ▲ China Construction Bank 23 22 87,540.7 961 1.3 0.1 ▲ TD Securities Inc 24 18 4,585.6 21 1.0 -0.8 ▼ Nomura 24 21 81,239.8 359 1.2 -0.1 ▼ PNC Financial Services Group 25 29 4,350.4 28 0.9 0.0 - BMO Capital Markets 25 28 78,477.5 448 1.1 0.2 ▲ Industry Total 470,971.9 579 100 Industry Total 7,015,101.3 15,907 100 *Indicates a Tie

An LSEG Business 3 Americas Insights First Half 2021 | Syndicated Loans | Managing Underwriters

US Investment Grade Volume (US$bil) US Leveraged Volume (US$bil)

$1,600 600 $1,800 1,800

$1,400 $1,600 1,600 500 $1,400 1,400 $1,200

400 $1,200 1,200 $1,000

$1,000 1,000 $800 300 $800 800

$600 200 $600 600

$400 $400 400 100 $200 $200 200

$0 0 $0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 Q2 Q3 Q4 1H No. of Deals Q1 Q2 Q3 Q4 1H No. of Deals

Americas Yield Type (US$bil) Top Americas Syndicated Loans Package Amt $1,200 Closing Date Borrower Target Nation (US$mil) Primary UOP 5/17/2021 Magallanes Inc United States 41,500.0 Acquisition Fin.

$1,000 2/24/2021 Verizon Communications Inc United States 25,000.0 General Corp. Purp.

6/22/2021 Canadian National Railway Co United States 19,300.0 Acquisition Fin. $800 3/30/2021 AerCap Holdings NV United States 19,000.0 Acquisition Fin.

4/7/2021 General Motors Co United States 17,500.0 General Corp. Purp. $600 4/27/2021 Walmart Inc United States 17,060.0 General Corp. Purp.

1/29/2021 AT&T Inc United States 14,700.0 General Corp. Purp. $400

4/22/2021 Rogers Communications Inc Canada 13,000.0 Acquisition Fin.

$200 5/4/2021 Depository Trust Co United States 11,200.0 General Corp. Purp.

3/30/2021 Comcast Corp United States 11,000.0 General Corp. Purp.

$0 4/21/2021 Alphabet Inc United States 10,000.0 General Corp. Purp. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2016 2017 2018 2019 2020 2021 5/27/2021 General Electric Co United States 10,000.0 General Corp. Purp. Investment Grade Leveraged Highly leveraged Undisclosed

An LSEG Business 4 Americas Rankings First Half 2021 | Syndicated Loans | Managing Underwriters

Americas Loans - Bookrunners R7 YoY Change ($) 50% QoQ Change ($) 18% Americas Loans - Macro Industry Composition Rank Rank Proceeds # of Market Market Share Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) BofA Securities Inc 1 1 220,958.2 741 12.9 0.1 ▲ JP Morgan 2 2 215,451.8 663 12.5 0.6 ▲ $277.0 Wells Fargo & Co 3 4 123,317.2 491 7.2 -0.2 ▼ Citi 4 3 115,623.5 320 6.7 -1.4 ▼ Goldman Sachs & Co 5 6 84,058.6 248 4.9 1.7 ▲ 405 Barclays 6 5 65,760.9 269 3.8 0.5 ▲ RBC Capital Markets 7 8 65,044.2 258 3.8 0.9 ▲ $648.2 Financials Credit Suisse 8 9 48,159.8 212 2.8 0.0 - Morgan Stanley 9 7 47,537.4 139 2.8 -0.2 ▼ Industrials Deutsche Bank 10 16 45,085.3 204 2.6 0.4 ▲ 942 BMO Capital Markets 11 17 41,764.0 252 2.4 0.2 ▲ Energy and Power 287 $261.0 Mitsubishi UFJ Financial Group 12 10 41,640.0 204 2.4 -0.2 ▼ Scotiabank 13 14 40,758.2 165 2.4 0.2 ▲ High Technology BNP Paribas SA 14 13 40,533.8 157 2.4 -0.1 ▼ US Bancorp 15 11 40,404.2 218 2.4 -0.2 ▼ Consumer Products Mizuho Financial Group 16 15 38,281.2 158 2.2 0.0 - and Services Truist Financial Corp 17 19 36,686.0 217 2.1 0.3 ▲ Other 279 TD Securities Inc 18 12 34,515.3 148 2.0 -0.5 ▼ CIBC World Markets Inc 19 20 29,397.3 182 1.7 0.0 - PNC Financial Services Group 20 18 28,789.1 186 1.7 -0.4 ▼ Jefferies LLC 21 23 26,255.2 108 1.5 0.5 ▲ 263 203 $214.4 HSBC Holdings PLC 22 21 24,915.9 106 1.5 -0.1 ▼ $120.7 Sumitomo Mitsui Finl Grp Inc 23 22 19,661.6 105 1.1 -0.4 ▼ Citizens Financial Group 24 25 16,806.1 141 1.0 0.1 ▲ $198.1 Outer Ring: Proceeds (US$bil) Inner Ring: # Deals KeyBanc Capital Markets Inc 25 27 13,250.5 117 0.8 0.0 - Industry Total 1,718,600.7 2,371 100.0

Americas Loans Mandated Arrangers R8c YoY Change ($) 50% QoQ Change ($) 18% Americas Loans - Use of Proceeds Rank Rank Proceeds # of Market Market Share Mandated Arranger 2021 2020 US$mil Deals Share (%) Change (%) BofA Securities Inc 1 1 198,277.6 802 11.5 0.2 ▲ JP Morgan 2 2 187,872.3 699 10.9 0.5 ▲ 6% Wells Fargo & Co 3 4 103,566.4 546 6.0 -0.6 ▼ 2% Citi 4 3 95,976.7 358 5.6 -1.9 ▼ 2% Goldman Sachs & Co 5 5 75,162.9 283 4.4 0.9 ▲ 2% RBC Capital Markets 6 9 70,108.8 312 4.1 1.1 ▲ Barclays 7 6 69,246.0 304 4.0 0.6 ▲ General Corporate Morgan Stanley 8 7 55,743.6 178 3.2 -0.1 ▼ Mitsubishi UFJ Financial Group 9 11 50,705.6 269 3.0 0.3 ▲ 14% Purposes Acquisition Financing Credit Suisse 10 10 49,271.6 231 2.9 0.0 - Deutsche Bank ▲ 11 17 44,985.6 224 2.6 0.4 Leveraged Buyout BMO Capital Markets 12 15 44,305.6 314 2.6 0.3 ▲ Mizuho Financial Group 13 14 43,822.7 198 2.6 0.1 ▲ TD Securities Inc 14 12 43,431.4 225 2.5 -0.2 ▼ Working Capital US Bancorp 15 8 41,345.5 295 2.4 -0.7 ▼ Scotiabank 16 16 41,261.3 224 2.4 0.2 ▲ Sponsored Buyout BNP Paribas SA 17 13 40,204.5 197 2.3 -0.2 ▼ Truist Financial Corp 18 19 39,281.5 284 2.3 0.3 ▲ Other PNC Financial Services Group 19 18 32,871.9 247 1.9 -0.2 ▼ 74% HSBC Holdings PLC 20 20 29,816.9 154 1.7 -0.1 ▼ CIBC World Markets Inc 21 21 28,224.0 214 1.6 -0.1 ▼ Jefferies LLC 22 24 26,347.5 110 1.5 0.5 ▲ Sumitomo Mitsui Finl Grp Inc 23 22 22,147.5 134 1.3 -0.4 ▼ Citizens Financial Group 24 25 19,570.2 185 1.1 0.1 ▲ Fifth Third Bancorp 25 27 15,300.4 162 0.9 0.1 ▲ Industry Total 1,719,479.8 2,379 100.0 *Indicates a Tie

An LSEG Business 5 Americas Rankings First Half 2021 | Syndicated Loans | Managing Underwriters

North America Loans Bookrunners R9 YoY Change ($) 50% QoQ Change ($) 19% US Loans Bookrunners R11 YoY Change ($) 48% QoQ Change ($) 11% Canada Loans Bookrunners YoY Change ($) 79% QoQ Change ($) 159% Rank Rank Proceeds # of Mkt. Mkt. Share Rank Rank Proceeds # of Mkt. Mkt. Share Rank Rank Proceeds # of Mkt. Mkt. Share Bookrunner 2021 2020 US$mil Deals Share Change Bookrunner 2021 2020 US$mil Deals Share Change Bookrunner 2021 2020 US$mil Deals Share Change BofA Securities Inc 1 1 220,365.7 735 12.9 0.1 ▲ JP Morgan 1 2 213,605.1 651 13.7 1.0 ▲ Scotiabank 1 2 23,445.6 81 16.3 0.9 ▲ JP Morgan 2 2 215,065.7 659 12.6 0.6 ▲ BofA Securities Inc 2 1 204,488.7 728 13.1 -0.6 ▼ CIBC World Markets Inc 2 1 22,217.9 84 15.4 -1.6 ▼ Wells Fargo & Co 3 4 123,317.2 491 7.2 -0.3 ▼ Wells Fargo & Co 3 4 123,234.0 489 7.9 -0.1 ▼ BMO Capital Markets 3 3 22,093.7 92 15.4 1.5 ▲ Citi 4 3 114,556.0 314 6.7 -1.4 ▼ Citi 4 3 112,180.3 307 7.2 -1.4 ▼ RBC Capital Markets 4 5 18,322.7 71 12.7 0.5 ▲ Goldman Sachs & Co 5 6 84,058.6 248 4.9 1.7 ▲ Goldman Sachs & Co 5 6 84,016.1 247 5.4 2.0 ▲ TD Securities Inc 5 4 16,632.4 65 11.6 -1.8 ▼ Barclays 6 5 65,760.9 269 3.9 0.6 ▲ Barclays 6 5 65,360.5 266 4.2 0.7 ▲ BofA Securities Inc 6 8 15,877.0 7 11.0 9.0 ▲ RBC Capital Markets 7 8 65,044.2 258 3.8 0.9 ▲ Credit Suisse 7 8 48,027.1 211 3.1 0.1 ▲ National Bank of Canada Fin'l 7 6 12,494.6 65 8.7 0.0 - Credit Suisse 8 9 48,027.1 211 2.8 0.0 - Morgan Stanley 8 7 47,537.4 139 3.0 -0.2 ▼ Citi 8 12 2,375.7 7 1.7 0.2 ▲ Morgan Stanley 9 7 47,537.4 139 2.8 -0.2 ▼ RBC Capital Markets 9 15 46,721.5 187 3.0 0.8 ▲ Desjardins Capital Markets 9 11 1,959.3 17 1.4 -0.1 ▼ Deutsche Bank 10 16 45,085.3 204 2.6 0.4 ▲ Deutsche Bank 10 12 44,683.2 201 2.9 0.6 ▲ JP Morgan 10 9 1,460.6 8 1.0 -0.9 ▼ BMO Capital Markets 11 15 41,764.0 252 2.5 0.3 ▲ Mitsubishi UFJ Financial Group 11 10 40,980.1 199 2.6 -0.1 ▼ Alberta Treasury Branches 11 10 1,429.7 23 1.0 -0.6 ▼ Mitsubishi UFJ Financial Group 12 10 41,370.3 202 2.4 -0.2 ▼ US Bancorp 12 9 40,404.2 218 2.6 -0.2 ▼ HSBC Holdings PLC 12 7 1,192.5 11 0.8 -2.2 ▼ US Bancorp 13 11 40,404.2 218 2.4 -0.2 ▼ BNP Paribas SA 13 11 38,749.8 150 2.5 -0.1 ▼ BNP Paribas SA 13 16 917.2 2 0.6 0.0 - BNP Paribas SA 14 13 39,667.0 152 2.3 -0.1 ▼ Mizuho Financial Group 14 14 38,053.8 156 2.4 0.1 ▲ Cooperatieve Rabobank UA 14 24 716.8 6 0.5 0.3 ▲ Scotiabank 15 17 38,993.7 148 2.3 0.1 ▲ Truist Financial Corp 15 16 36,486.0 216 2.3 0.4 ▲ Deutsche Bank 15 25 402.1 3 0.3 0.1 ▲ Mizuho Financial Group 16 14 38,106.8 157 2.2 0.0 - PNC Financial Services Group 16 13 28,789.1 186 1.8 -0.5 ▼ Barclays 16 19 400.4 3 0.3 0.0 - Truist Financial Corp 17 19 36,686.0 217 2.2 0.4 ▲ Jefferies LLC 17 22 26,205.2 107 1.7 0.6 ▲ Mitsubishi UFJ Financial Group 17 15 390.2 3 0.3 -0.6 ▼ TD Securities Inc 18 12 34,515.3 148 2.0 -0.5 ▼ HSBC Holdings PLC 18 18 23,138.1 92 1.5 0.0 - Credit Agricole CIB 18 23 229.7 1 0.2 -0.1 ▼ CIBC World Markets Inc 19 20 29,397.3 182 1.7 -0.1 ▼ BMO Capital Markets 19 20 19,670.3 160 1.3 0.0 - Fifth Third Bancorp 19* - 200.0 1 0.1 0.1 ▲ PNC Financial Services Group 20 18 28,789.1 186 1.7 -0.4 ▼ Sumitomo Mitsui Finl Grp Inc 20 19 18,649.4 95 1.2 -0.3 ▼ Truist Financial Corp 19* 17 200.0 1 0.1 -0.4 ▼ Jefferies LLC 21 23 26,255.2 108 1.5 0.5 ▲ TD Securities Inc 21 17 17,883.0 83 1.2 -0.5 ▼ Sumitomo Mitsui Finl Grp Inc 21 14 187.0 2 0.1 -1.0 ▼ HSBC Holdings PLC 22 21 24,330.6 103 1.4 -0.2 ▼ Citizens Financial Group 22 24 16,685.3 140 1.1 0.1 ▲ Citizens Financial Group 22* - 120.8 1 0.1 0.1 ▲ Sumitomo Mitsui Finl Grp Inc 23 22 18,836.4 97 1.1 -0.4 ▼ Scotiabank 23 21 15,548.1 67 1.0 -0.2 ▼ Macquarie Group 22* - 120.8 1 0.1 0.1 ▲ Citizens Financial Group 24 25 16,806.1 141 1.0 0.1 ▲ KeyBanc Capital Markets Inc 24 26 13,250.5 117 0.9 0.1 ▲ Wells Fargo & Co 24 29* 83.1 2 0.1 -0.1 ▼ KeyBanc Capital Markets Inc 25 27 13,250.5 117 0.8 0.0 - UBS 25 42 12,556.0 73 0.8 0.5 ▲ Antares Capital Corp 25 37 81.0 2 0.1 0.1 ▲ Industry Total 1,705,332.3 2,335 100.0 Industry Total 1,561,405.2 2,059 100.0 Industry Total 143,927.1 277 100.0

Latin America Loans US Leveraged US Investment Grade Mandated Lead Arrangers R16 YoY Change ($) 46% QoQ Change ($) -16% Loans Bookrunners R11a YoY Change ($) 61% QoQ Change ($) -13% Loans Bookrunners R11b YoY Change ($) 39% QoQ Change ($) 40% Rank Rank Proceeds # of Mkt. Mkt. Share Rank Rank Proceeds # of Mkt. Mkt. Share Rank Rank Proceeds # of Mkt. Mkt. Share Mandated Arranger 2021 2020 US$mil Deals Share Change Bookrunner 2021 2020 US$mil Deals Share Change Bookrunner 2021 2020 US$mil Deals Share Change Santander Corp & Invest Bkg 1 3 1,835.1 10 13.4 6.5 ▲ BofA Securities Inc 1 1 99,619.0 455 13.3 2.1 ▲ JP Morgan 1 1 140,868.8 264 18.5 1.7 ▲ Scotiabank 2 5 1,750.6 20 12.7 6.4 ▲ JP Morgan 2 2 70,881.4 372 9.5 0.8 ▲ BofA Securities Inc 2 2 103,230.3 262 13.6 -3.1 ▼ BBVA 3 1 1,704.6 18 12.4 1.4 ▲ Wells Fargo & Co 3 3 51,803.7 278 6.9 -1.2 ▼ Citi 3 3 79,198.1 148 10.4 -1.1 ▼ BofA Securities Inc 4 12 904.2 8 6.6 4.0 ▲ Credit Suisse 4 5 42,129.7 194 5.6 0.2 ▲ Wells Fargo & Co 4 4 70,013.1 203 9.2 0.8 ▲ Sumitomo Mitsui Finl Grp Inc 5 11 806.5 11 5.9 3.1 ▲ Goldman Sachs & Co 5 6 39,362.2 198 5.3 0.2 ▲ Goldman Sachs & Co 5 12 44,487.2 47 5.8 3.5 ▲ Citi 6 10 788.4 7 5.7 2.9 ▲ Barclays 6 7 37,784.0 201 5.1 0.3 ▲ Barclays 6 11 27,576.5 65 3.6 1.0 ▲ HSBC Holdings PLC 7 14 685.3 4 5.0 2.6 ▲ Citi 7 4 32,061.2 156 4.3 -1.7 ▼ Morgan Stanley 7 8 27,372.7 27 3.6 0.7 ▲ BNP Paribas SA 8 2 612.9 5 4.5 -4.2 ▼ Deutsche Bank 8 10 26,895.1 163 3.6 0.6 ▲ Mizuho Financial Group 8 6 26,907.8 82 3.5 0.2 ▲ JP Morgan 9 4 589.3 5 4.3 -2.2 ▼ Jefferies LLC 9 12 26,121.9 106 3.5 1.0 ▲ US Bancorp 9 5 25,585.1 118 3.4 -0.1 ▼ ING 10 8 527.6 6 3.8 0.2 ▲ RBC Capital Markets 10 9 25,191.8 147 3.4 0.2 ▲ BNP Paribas SA 10 9 23,768.6 58 3.1 0.2 ▲ Cooperatieve Rabobank UA 11 27* 419.4 4 3.1 2.2 ▲ Truist Financial Corp 11 11 24,120.8 149 3.2 0.6 ▲ RBC Capital Markets 11 18 21,223.0 36 2.8 1.3 ▲ Mitsubishi UFJ Financial Group 12 6 333.7 4 2.4 -2.7 ▼ Morgan Stanley 12 8 20,164.7 112 2.7 -1.2 ▼ Mitsubishi UFJ Financial Group 12 7 20,807.9 67 2.7 -0.3 ▼ Credit Agricole CIB 13 15 291.3 3 2.1 -0.1 ▼ Mitsubishi UFJ Financial Group 13 18 17,285.1 107 2.3 0.6 ▲ Deutsche Bank 13 13 16,848.0 36 2.2 0.3 ▲ Natixis 14 34 280.3 2 2.0 1.6 ▲ BMO Capital Markets 14 15 15,718.9 138 2.1 0.3 ▲ PNC Financial Services Group 14 10 14,751.7 82 1.9 -0.9 ▼ Barclays 15* - 203.2 1 1.5 1.5 ▲ Citizens Financial Group 15 14 14,233.6 122 1.9 0.0 - HSBC Holdings PLC 15 17 12,824.1 32 1.7 0.1 ▲ IMI - Intesa Sanpaolo 15* 32* 203.2 1 1.5 0.9 ▲ PNC Financial Services Group 16 17 13,501.6 100 1.8 0.0 - Scotiabank 16 15 12,684.4 48 1.7 -0.1 ▼ Bank of China Ltd 15* 17 203.2 1 1.5 -0.3 ▼ UBS 17 30 12,259.6 71 1.6 0.9 ▲ TD Securities Inc 17 16 11,321.5 40 1.5 -0.1 ▼ Itau Unibanco 18 21 185.0 1 1.4 0.0 - Antares Capital Corp 18 26 11,907.3 100 1.6 0.6 ▲ Truist Financial Corp 18 19 11,228.0 54 1.5 0.1 ▲ Societe Generale 19 18 178.6 2 1.3 -0.5 ▼ BNP Paribas SA 19 13 11,361.1 72 1.5 -0.6 ▼ Sumitomo Mitsui Finl Grp Inc 19 14 8,157.4 38 1.1 -0.7 ▼ Mizuho Financial Group 20 7 174.4 1 1.3 -2.5 ▼ US Bancorp 20 24 11,308.2 76 1.5 0.4 ▲ Credit Suisse 20 20 5,696.4 15 0.8 -0.3 ▼ Credit Suisse 21 31 132.7 1 1.0 0.3 ▲ Mizuho Financial Group 21 23 10,870.9 68 1.5 0.3 ▲ Regions Financial Corp 21 30 5,059.7 29 0.7 0.3 ▲ Deutsche Bank 22 9 129.5 2 0.9 -2.6 ▼ HSBC Holdings PLC 22 20 10,018.0 56 1.3 -0.1 ▼ Bank of China Ltd 22 22 4,883.8 10 0.6 -0.2 ▼ Grupo Financiero Banorte-Ixe 23 13 108.6 1 0.8 -1.6 ▼ KeyBanc Capital Markets Inc 23 25 9,356.3 95 1.3 0.2 ▲ Industrial & Comm Bank China 23 24 4,446.2 8 0.6 -0.1 ▼ Fifth Third Bancorp 24 22 9,290.2 91 1.2 -0.1 ▼ Credit Agricole CIB 24 29 4,290.6 15 0.6 0.2 ▲ Capital One Financial Corp 25 21 8,762.4 83 1.2 -0.1 ▼ BMO Capital Markets 25 23 3,323.1 18 0.4 -0.3 ▼ Industry Total 13,748.4 39 100.0 Industry Total 747,101.2 1,293 100.0 Industry Total 762,026.6 458 100.0 *Indicates a Tie

An LSEG Business 6 EMEA Insights First Half 2021 | Syndicated Loans | Managing Underwriters

EMEA Loan Proceeds - Macro Industry Composition EMEA Quarterly Loan Volume

$350 600

$300 500 $109.9 79 $250 $159.7 400

Energy and Power $200 Financials 254 300 Industrials 120 $150 Real Estate Telecommunications 200 $100 Other

100 $103.3 $50 $26.5 80 21 25 $0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 $36.4 Outer Ring: Proceeds (US$bil) $42.7 Inner Ring: # Deals 2016 2017 2018 2019 2020 2021 Proceeds (US$bil) No. of Deals

EMEA Loans - Use of Proceeds Top EMEA Syndicated Loans Package Amt Closing Date Borrower Target Nation (US$mil) Primary UOP 6/17/2021 Vonovia SE Germany 26,669.4 Acquisition Fin. 9% 4% 3/9/2021 Saudi United Invest Co Saudi Arabia 15,000.0 General Corp. Purp. 4/16/2021 National Grid PLC United Kingdom 12,938.0 Acquisition Fin. 4% General Corporate Purposes 3/5/2021 Enel SpA Italy 11,917.0 General Corp. Purp. Acquisition Financing 7% 6/1/2021 Eig Pearl Holdings SARL Saudi Arabia 11,084.0 Project Finance Project Finance 2/16/2021 Interbrew-Simba, Mocat,Solibra Belgium 10,100.0 General Corp. Purp. Working Capital 4/8/2021 Saudi Arabian Oil Co Saudi Arabia 10,000.0 Working Capital

Leveraged Buyout 60% 2/7/2021 Veolia Environnement SA France 9,633.6 Acquisition Fin. 16% Other 5/6/2021 Equinor ASA Norway 6,000.0 General Corp. Purp.

6/17/2021 L'Oreal France SASU France 5,953.0 General Corp. Purp.

3/4/2021 Trafigura Pte Ltd Switzerland 5,505.0 General Corp. Purp.

2/23/2021 Accorinvest SAS Luxembourg 5,467.1 General Corp. Purp.

An LSEG Business 7 EMEA Rankings First Half 2021 | Syndicated Loans | Managing Underwriters

EMEA Bookrunners R17 YoY Change ($) -12% QoQ Change ($) -14% EMEA Mandated Lead Arrangers R19 YoY Change ($) -15% QoQ Change ($) -14% Rank Rank Proceeds # of Market Market Share Rank Rank Proceeds # of Market Market Share Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) Mandated Arranger 2021 2020 US$mil Deals Share (%) Change (%) BNP Paribas SA 1 1 24,300.1 104 6.8 -7.6 ▼ BNP Paribas SA 1 1 32,620.5 197 6.8 -0.8 ▼ Credit Agricole CIB 2 2 23,723.3 93 6.7 -0.9 ▼ JP Morgan 2 9 23,110.5 103 4.8 1.4 ▲ Societe Generale 3 4 20,457.9 60 5.8 0.9 ▲ Credit Agricole CIB 3 2 22,967.0 160 4.8 -0.4 ▼ BofA Securities Inc 4 15 19,369.8 48 5.4 3.1 ▲ Deutsche Bank 4 5 20,766.6 101 4.3 0.4 ▲ HSBC Holdings PLC 5 5 15,870.9 58 4.5 -0.3 ▼ Citi 5 8 19,533.8 90 4.1 0.5 ▲ JP Morgan 6 7 15,537.9 56 4.4 0.0 - Societe Generale 6 3 18,912.7 133 4.0 -1.0 ▼ Barclays 7 16 14,464.3 34 4.1 2.0 ▲ HSBC Holdings PLC 7 4 16,936.2 106 3.5 -0.5 ▼ UniCredit 8 8 13,902.6 68 3.9 -0.5 ▼ BofA Securities Inc 8 17 16,537.0 80 3.5 1.2 ▲ Morgan Stanley 9 27 13,343.5 17 3.8 3.0 ▲ ING 9 13 15,873.9 105 3.3 0.7 ▲ Santander Corp & Invest Bkg 10 3 12,754.5 65 3.6 -2.4 ▼ UniCredit 10 7 15,572.5 112 3.3 -0.5 ▼ Sumitomo Mitsui Finl Grp Inc 11 10 12,314.9 41 3.5 0.2 ▲ Santander Corp & Invest Bkg 11 6 14,440.1 121 3.0 -0.8 ▼ Citi 12 6 12,220.1 45 3.4 -1.1 ▼ IMI - Intesa Sanpaolo 12 12 13,637.5 88 2.9 0.2 ▲ Goldman Sachs & Co 13 17 12,136.8 39 3.4 1.6 ▲ Goldman Sachs & Co 13 23 13,597.9 66 2.8 1.3 ▲ ING 14 14 11,897.6 56 3.3 0.9 ▲ Sumitomo Mitsui Finl Grp Inc 14 10 13,240.0 76 2.8 -0.4 ▼ Deutsche Bank 15 9 11,772.5 50 3.3 -1.0 ▼ Barclays 15 14 12,558.1 67 2.6 0.1 ▲ Credit Suisse 16 24 9,795.9 34 2.8 1.7 ▲ Natixis 16 15 11,923.2 65 2.5 0.0 - Mizuho Financial Group 17 28 9,269.7 30 2.6 1.8 ▲ Mizuho Financial Group 17 16 11,076.1 51 2.3 -0.1 ▼ Mitsubishi UFJ Financial Group 18 22 8,159.1 28 2.3 1.2 ▲ Mitsubishi UFJ Financial Group 18 20 10,148.9 56 2.1 0.2 ▲ First Abu Dhabi Bank PJSC 19 20 7,827.5 13 2.2 0.7 ▲ Commerzbank AG 19 11 9,719.8 57 2.0 -0.8 ▼ Natixis 20 12 7,484.0 35 2.1 -0.5 ▼ Credit Suisse 20 22 9,280.8 56 1.9 0.3 ▲ Commerzbank AG 21 13 5,780.3 29 1.6 -0.9 ▼ Standard Chartered PLC 21 18 7,231.2 45 1.5 -0.7 ▼ IMI - Intesa Sanpaolo 22 11 5,038.1 26 1.4 -1.3 ▼ Morgan Stanley 22 25 7,115.8 29 1.5 0.3 ▲ Standard Chartered PLC 23 18 4,250.7 19 1.2 -0.5 ▼ NatWest Markets 23 21 6,890.9 42 1.4 -0.3 ▼ BBVA 24 21 4,227.2 37 1.2 -0.3 ▼ BBVA 24 19 6,030.5 69 1.3 -0.8 ▼ Cooperatieve Rabobank UA 25 26 3,706.3 19 1.0 0.1 ▲ CaixaBank SA 25 26 5,442.8 67 1.1 -0.1 ▼ Industry Total 355,871.7 365 100.0 Industry Total 478,470.7 579 100.0

European Leveraged Loans P10 YoY Change ($) 14% QoQ Change ($) -41% European Sponsored Loans P13 YoY Change ($) 90% QoQ Change ($) -63% Rank Rank Proceeds # of Market Market Share Rank Rank Proceeds # of Market Market Share Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) BNP Paribas SA 1 8 9,044.1 50 9.3 3.9 ▲ JP Morgan 1 2 5,732.4 24 8.0 1.8 ▲ JP Morgan 2 2 7,009.8 34 7.2 1.2 ▲ BNP Paribas SA 2 4 5,543.0 32 7.7 2.1 ▲ Credit Agricole CIB 3 4 6,369.2 37 6.5 0.7 ▲ Goldman Sachs & Co 3 13 4,480.5 29 6.3 2.8 ▲ Deutsche Bank 4 7 5,469.7 33 5.6 0.1 ▲ Credit Agricole CIB 4 8 4,392.4 27 6.1 1.1 ▲ Goldman Sachs & Co 5 6 4,744.2 32 4.9 -0.7 ▼ Barclays 5 10 4,300.3 19 6.0 1.3 ▲ HSBC Holdings PLC 6 3 4,652.4 27 4.8 -1.1 ▼ Deutsche Bank 6 1 4,153.0 26 5.8 -0.4 ▼ Barclays 7 5 4,574.4 22 4.7 -1.0 ▼ Credit Suisse 7 9 3,347.8 20 4.7 -0.1 ▼ Credit Suisse 8 15 3,988.8 23 4.1 1.2 ▲ BofA Securities Inc 8 6 3,125.5 19 4.4 -0.9 ▼ BofA Securities Inc 9 12 3,965.5 25 4.1 0.5 ▲ HSBC Holdings PLC 9 3 2,856.7 18 4.0 -1.8 ▼ Natixis 10 13 3,422.8 17 3.5 0.4 ▲ Natixis 10 19 2,839.5 13 4.0 1.4 ▲ Sumitomo Mitsui Finl Grp Inc 11 19 3,293.3 18 3.4 1.8 ▲ UniCredit 11 7 2,651.3 15 3.7 -1.3 ▼ UniCredit 12 11 3,243.8 18 3.3 -0.3 ▼ Sumitomo Mitsui Finl Grp Inc 12 12 2,587.8 15 3.6 -0.1 ▼ Citi 13 9 3,064.9 18 3.1 -1.9 ▼ Citi 13 15 2,027.3 14 2.8 -0.1 ▼ ING 14 18 2,874.5 17 2.9 1.3 ▲ NatWest Markets 14 17 1,515.8 9 2.1 -0.5 ▼ Santander Corp & Invest Bkg 15 10 2,445.6 13 2.5 -1.4 ▼ UBS 15 18 1,503.9 11 2.1 -0.5 ▼ Societe Generale 16 16 2,314.0 15 2.4 -0.2 ▼ Societe Generale 16 5 1,502.0 9 2.1 -3.2 ▼ IMI - Intesa Sanpaolo 17 1 1,690.2 9 1.7 -8.6 ▼ Nomura 17 16 1,460.7 8 2.0 -0.8 ▼ NatWest Markets 18 14 1,685.5 11 1.7 -1.4 ▼ ING 18 22 1,269.1 9 1.8 0.4 ▲ Mitsubishi UFJ Financial Group 19 34 1,653.9 12 1.7 1.3 ▲ Mizuho Financial Group 19 32 1,255.8 9 1.8 1.3 ▲ Nomura 20 21 1,523.8 9 1.6 0.3 ▲ Morgan Stanley 20 11 1,151.4 8 1.6 -2.6 ▼ UBS 21 20 1,503.9 11 1.5 0.2 ▲ IMI - Intesa Sanpaolo 21 21 1,151.0 7 1.6 -0.7 ▼ Mizuho Financial Group 22 45 1,425.5 11 1.5 1.3 ▲ Santander Corp & Invest Bkg 22 14 1,114.7 6 1.6 -1.5 ▼ Morgan Stanley 23 17 1,319.0 10 1.4 -0.7 ▼ Mitsubishi UFJ Financial Group 23 41 1,001.1 9 1.4 1.1 ▲ Cooperatieve Rabobank UA 24 27 1,181.9 6 1.2 0.3 ▲ Jefferies LLC 24 28 987.5 7 1.4 0.7 ▲ Mediobanca 25 28 1,114.8 2 1.1 0.3 ▲ RBC Capital Markets 25 20 949.2 9 1.3 -1.0 ▼ Industry Total 97,764.2 107 100.0 Industry Total 71,727.6 77 100.0 *Indicates a Tie

An LSEG Business 8 Asia Ex. Japan First Half 2021 | Syndicated Loans | Managing Underwriters

Asia Loans Asia Loans Bookrunners All Currencies S5c YoY Change ($) 20% QoQ Change ($) -43% Mandated Arrangers All Currencies S5b YoY Change ($) 11% QoQ Change ($) -43% Asian Loans by Currency (%)

Rank Rank Proceeds # of Mkt. Mkt. Share Rank Rank Proceeds # of Mkt. Mkt. Share 100% Bookrunner 2021 2020 US$mil Deals Share Change Mandated Arranger 2021 2020 US$mil Deals Share Change Bank of China Ltd 1 1 38,580.6 179 26.0 -4.3 ▼ Bank of China Ltd 1 1 51,903.9 278 26.0 5.8 ▲ Agricultural Bank of China 2 5 13,425.6 26 9.0 6.1 ▲ Agricultural Bank of China 2 6 8,268.3 45 4.2 0.8 ▲ 90% China Merchants Bank 3 2 6,263.3 18 4.2 -1.8 ▼ DBS Group Holdings 3 2 7,985.8 77 4.0 -0.9 ▼ China Construction Bank 4 10 6,218.4 28 4.2 1.9 ▲ HSBC Holdings PLC 4 7 7,303.9 79 3.7 0.4 ▲ 80% China Development Bank 5 28 6,005.8 5 4.0 3.3 ▲ Industrial & Comm Bank China 5 8 6,330.1 46 3.2 0.1 ▲ Bank of Communications Co Ltd 6 15 5,126.3 16 3.5 1.6 ▲ China Construction Bank 6 4 6,122.7 49 3.1 -0.5 ▼ 70% Standard Chartered PLC 7 9 4,668.1 27 3.1 0.7 ▲ Bank of Communications Co Ltd 7 13 5,675.7 48 2.9 0.8 ▲ Industrial & Comm Bank China 8 4 4,184.8 21 2.8 -0.5 ▼ China Merchants Bank 8 3 5,588.7 39 2.8 -1.3 ▼ SAICFC 9 - 4,083.3 2 2.8 2.8 ▲ State Bank of India 9 5 5,414.8 11 2.7 -0.8 ▼ 60% CITIC 10 12 4,070.1 20 2.7 0.7 ▲ Shanghai Pudong Development Bk 10 20 5,013.7 21 2.5 1.3 ▲ HSBC Holdings PLC 11 6 3,929.7 33 2.7 -0.2 ▼ CITIC 11 15 4,743.5 43 2.4 0.6 ▲ 50% Mega Financial Holding Co 12 23 3,635.7 28 2.5 1.4 ▲ United Overseas Bank Ltd 12 12 4,733.5 44 2.4 0.2 ▲ United Overseas Bank Ltd 13 35 3,108.7 12 2.1 1.5 ▲ Standard Chartered PLC 13 9 4,490.1 48 2.3 -0.3 ▼ 40% DBS Group Holdings 14 3 3,094.4 19 2.1 -2.5 ▼ China Development Bank 14 28 4,262.7 6 2.1 1.2 ▲ Mizuho Financial Group 15 17 2,346.0 15 1.6 0.0 - Oversea-Chinese Banking 15 11 4,199.9 41 2.1 -0.1 ▼ China Minsheng Banking Corp 16 24 2,307.2 5 1.6 0.6 ▲ Sumitomo Mitsui Finl Grp Inc 16 10 3,219.4 46 1.6 -0.9 ▼ 30% Taiwan Financial Holdings Co 17 8 2,268.4 15 1.5 -1.0 ▼ Bank of East Asia Ltd 17 49 2,907.0 31 1.5 1.1 ▲ Sumitomo Mitsui Finl Grp Inc 18 7 1,721.6 14 1.2 -1.5 ▼ Mizuho Financial Group 18 16 2,599.6 32 1.3 -0.5 ▼ 20% China Everbright Bank 19 67 1,659.1 7 1.1 1.0 ▲ Mitsubishi UFJ Financial Group 19 17 2,472.5 25 1.2 -0.2 ▼ Taiwan Cooperative Finl Hldg 20 18 1,400.6 18 0.9 -0.7 ▼ BNP Paribas SA 20 29 2,466.9 35 1.2 0.3 ▲ Taishin Finl Hldg Co Ltd 21 29 1,305.0 10 0.9 0.2 ▲ Taiwan Financial Holdings Co 21 14 2,142.7 24 1.1 -0.7 ▼ 10% Mitsubishi UFJ Financial Group 22 14 1,269.0 8 0.9 -1.0 ▼ Citi 22 18 2,080.7 18 1.0 -0.4 ▼ Citi 23 21 1,222.2 6 0.8 -0.3 ▼ SAICFC 23 - 2,041.7 2 1.0 1.0 ▲ 0% BNP Paribas SA 24 37 1,209.0 9 0.8 0.2 ▲ China Minsheng Banking Corp 24 21 1,968.4 16 1.0 -0.2 ▼ 1H'11 1H'12 1H'13 1H'14 1H'15 1H'16 1H'17 1H'18 1H'19 1H'20 1H'21 China Cinda 25 50 1,161.7 5 0.8 0.6 ▲ Taiwan Cooperative Finl Hldg 25 23 1,919.8 39 1.0 -0.1 ▼ Local currency G3 Industry Total 148,478.6 473 100.0 Industry Total 199,452.5 584 100.0

Asia Loans Bookrunners (US$, EURO, JPY, HK$, & S$) S3m YoY Change ($) 33% QoQ Change ($) -1% Top Asia Syndicated loans (Ex Japan, Ex Australia) Asia Loans by Maturity Date

Rank Rank Proceeds # of Mkt. Mkt. Share Package $400 1,400 Bookrunner 2021 2020 US$mil Deals Share Change Closing Date Borrower Amt (US$mil) Primary UOP Standard Chartered PLC 1 5 4,590.4 26 7.4 2.0 ▲ 2/4/2021 Tencent Asset Management Ltd 8,300.0 Refin/Ret Bank Debt China Merchants Bank ▲ 2 4 4,138.2 14 6.7 0.3 $350 CITIC 3 7 4,070.1 20 6.6 3.2 ▲ 1,200 1/20/2021 Zhejiang Petrochemical Co Ltd 8,151.6 Capital Expenditures Bank of China Ltd 4 2 3,932.0 24 6.4 -0.4 ▼ HSBC Holdings PLC 5 3 3,418.5 26 5.5 -0.9 ▼ 6/24/2021 Alibaba Group Holding Ltd 6,500.0 Refin/Ret Bank Debt $300 United Overseas Bank Ltd 6 18 2,911.2 11 4.7 3.0 ▲ 1,000 DBS Group Holdings 7 1 2,497.6 12 4.1 -6.9 ▼ 1/1/2021 Guizhou Guijin Expressway Co 3,984.7 Capital Expenditures China Construction Bank 8 8 2,444.4 12 4.0 0.7 ▲ $250 Agricultural Bank of China 9 43 1,972.9 9 3.2 2.8 ▲ 5/28/2021 SAIC Motor Corp Ltd 3,141.0 Capital Expenditures 800 China Minsheng Banking Corp 10 12 1,780.5 4 2.9 0.1 ▲ Sumitomo Mitsui Finl Grp Inc 11 6 1,698.8 14 2.8 -2.1 ▼ 3/30/2021 Baidu Inc 3,000.0 General Corp. Purp. $200 China Everbright Bank 12 51 1,659.1 7 2.7 2.4 ▲ Bank of Communications Co Ltd 13 15 1,583.7 9 2.6 0.2 ▲ 600 3/9/2021 Kaleshwaram Irrigation Corp 2,864.1 Capital Expenditures Mega Financial Holding Co 14 55 1,412.9 12 2.3 2.0 ▲ $150 Mizuho Financial Group 15 14 1,334.1 10 2.2 -0.2 ▼ 1/14/2021 Shanghai Huangpu Urban 2,448.6 Capital Expenditures Industrial & Comm Bank China 16 13 1,238.1 7 2.0 -0.8 ▼ 400 Citi 17 11 1,222.2 6 2.0 -0.9 ▼ 3/26/2021 SF Hldg Ltd 2,317.0 Acquisition Fin. $100 BNP Paribas SA 18 20 1,183.4 8 1.9 0.5 ▲ China Cinda 19 35 1,161.7 5 1.9 1.3 ▲ 2/4/2021 CT Brilliant Invest Hldg Ltd 2,257.3 Refin/Ret Bank Debt 200 Mitsubishi UFJ Financial Group 20 9 1,128.5 6 1.8 -1.3 ▼ $50 Credit Agricole CIB 21 16 1,008.4 5 1.6 -0.4 ▼ 3/29/2021 Sun Hung Kai Property Fin Svcs 2,161.3 Refin/Ret Bank Debt IMI - Intesa Sanpaolo 22 41 832.6 3 1.4 1.0 ▲ JP Morgan 23 33 801.6 2 1.3 0.6 ▲ $0 0 2/19/2021 Sichuan Lushi Expressway Co 2,157.2 Capital Expenditures Fubon Financial Holding Co Ltd 24 37 785.3 8 1.3 0.8 ▲ 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Bank of East Asia Ltd 25 32 749.9 7 1.2 0.5 ▲ 2/22/2021 Skyline Nature Ltd 1,810.6 Refin/Ret Bank Debt Proceeds (US$bil) No. of Deals Industry Total 61,658.7 140 100.0 *Indicates a Tie

An LSEG Business 9 Australia First Half 2021 | Syndicated Loans | Managing Underwriters

Australia Loans Bookrunner All Currencies S7 YoY Change ($) -56% QoQ Change ($) 173% Australia Loans - Macro Industry Composition Rank Rank Proceeds # of Market Market Share Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) Commonwealth Bank of Australia 1 2 3,254.5 19 27.7 14.1 ▲ HSBC Holdings PLC 2 9 2,117.9 6 18.0 13.2 ▲ National Australia Bank 3 6 1,384.9 6 11.8 5.4 ▲ Westpac Banking 4 12 1,183.9 8 10.1 6.0 ▲ 19% ANZ Banking Group 5 1 1,137.5 7 9.7 -10.0 ▼ Mizuho Financial Group 6 4 934.4 4 7.9 1.1 ▲ Mitsubishi UFJ Financial Group 7 8 616.1 3 5.2 0.1 ▲ Financials Standard Chartered PLC 8 19 232.2 2 2.0 1.4 ▲ Scotiabank 9 - 206.6 1 1.8 1.8 ▲ Telecommunications Sumitomo Mitsui Finl Grp Inc 10* 5 192.9 1 1.6 -5.2 ▼ 6% Bank of China Ltd ▼ 45% 10* 7 192.9 1 1.6 -4.4 Healthcare United Overseas Bank Ltd 12 14 159.3 2 1.4 -0.2 ▼ Cooperatieve Rabobank UA 13 - 77.4 1 0.7 0.7 ▲ RBC Capital Markets 14 22 38.7 1 0.3 0.2 ▲ Real Estate Korea Development Bank 15* - 19.3 1 0.2 0.2 ▲ 7% BNP Paribas SA 15* 3 19.3 1 0.2 -6.9 ▼ Energy and Power

Other 9%

14%

Industry Total 11,768.0 33 100.0

Australia Loans Mandated Arrangers All Currencies S6a YoY Change ($) -31% QoQ Change ($) 66% Top Australia Syndicated Loans Rank Rank Proceeds # of Market Market Share Package Amt Mandated Arranger 2021 2020 US$mil Deals Share (%) Change (%) Closing Date Borrower (US$mil) Primary UOP Commonwealth Bank of Australia 1 1 4,673.2 45 13.4 -0.6 ▼ 6/2/2021 TPG Telecom Ltd 3,682.2 Refin/Ret Bank Debt ANZ Banking Group 2 2 3,697.9 29 10.6 -2.0 ▼ National Australia Bank 3 3 3,517.1 32 10.1 2.5 ▲ 3/3/2021 Macquarie Group Ltd 2,505.0 Refin/Ret Bank Debt Westpac Banking 4 6 2,509.9 33 7.2 1.9 ▲ Bank of China Ltd 5 5 2,227.2 19 6.4 0.5 ▲ 3/11/2021 GIP Capricorn Pty Ltd 2,286.8 Project Finance Sumitomo Mitsui Finl Grp Inc 6 4 2,090.0 18 6.0 -0.5 ▼ HSBC Holdings PLC 7 9 2,061.0 13 5.9 2.0 ▲ 5/3/2021 ISPT Finance Pty Ltd 1,746.2 General Corp. Purp. Mitsubishi UFJ Financial Group 8 10 1,731.0 14 5.0 1.1 ▲ ING 9 13 1,226.0 8 3.5 0.7 ▲ 6/17/2021 ESR Fin 4 (Australia) Pty Ltd 1,729.4 Acquisition Fin. Standard Chartered PLC 10 23 1,117.2 7 3.2 2.5 ▲ Mizuho Financial Group 11 7 1,042.1 12 3.0 -2.0 ▼ 4/9/2021 Plenary Health (NFH) Finance 1,399.5 Project Finance United Overseas Bank Ltd 12 16 941.6 8 2.7 1.4 ▲ Oversea-Chinese Banking 13 14 826.7 3 2.4 0.1 ▲ 6/4/2021 QBE Insurance Group Ltd 1,300.0 Refin/Ret Bank Debt Societe Generale 14 12 765.2 9 2.2 -1.1 ▼ BNP Paribas SA 15 8 710.1 9 2.0 -2.3 ▼ 6/22/2021 Ramsay Health Care Ltd 1,133.0 Refin/Ret Bank Debt Credit Agricole CIB 16 11 577.1 9 1.7 -1.8 ▼ Industrial & Comm Bank China 17 15 429.5 4 1.2 -0.8 ▼ 3/22/2021 PAG Enhanced Credit Fund III 900.0 General Corp. Purp. Goldman Sachs & Co 18 54 402.0 5 1.2 1.1 ▲ Cooperatieve Rabobank UA 19 - 376.6 3 1.1 1.1 ▲ 4/14/2021 Transurban Finance Co Pty Ltd 772.0 Refinancing BofA Securities Inc 20 61* 363.3 4 1.0 0.9 ▲ RBC Capital Markets 21 28 226.0 5 0.7 0.3 ▲ 1/22/2021 Telstra Corp Ltd 771.6 Refin/Ret Bank Debt China Everbright Bank 22 21 222.7 3 0.6 -0.2 ▼ Caisse Federale Credit Mutuel 23 37 208.2 2 0.6 0.3 ▲ 6/17/2021 Northern Star Resources Ltd 755.0 Refin/Ret Bank Debt CIBC World Markets Inc 24 46 193.0 4 0.6 0.5 ▲ 4/9/2021 Viva Energy Holding Pty Ltd 700.0 Refin/Ret Bank Debt Industry Total 34,790.6 81 100.0 *Indicates a Tie

An LSEG Business 10 Japan Insights First Half 2021 | Syndicated Loans | Managing Underwriters

Japan Loans - Macro Industry Composition Japan Loans Volume (US$bil)

$350 1,200

$300 1,000 $27.19 222 $35.16 $250 Industrials 800 High Technology $200

474 Materials 600 74 Consumer Products $150 and Services Energy and Power 400 $14.77 114 $100 Other

$9.20 200 $50 37 103

$11.02 $14.13 Outer Ring: Proceeds (US$bil) Inner Ring: # Deals $0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 Q2 Q3 Q4 1H No. of Deals

Japan Loans - Use of Proceeds Top Japan Loans Package Amt Closing Date Borrower (US$mil) Primary UOP 2/8/2021 Renesas Electronics Corp 6,989.2 Acquisition Fin. 9% 3/31/2021 Marubeni Corp 2,710.0 Working Capital 6% 3/24/2021 Toshiba Corp 2,299.5 Working Capital

5/11/2021 East Japan Railway Co 2,209.7 Working Capital 7% Working Capital General Corporate Purposes 2/5/2021 GOI United Generation LLC 2,145.9 Project Finance Refinance Bank Debt 3/29/2021 Idemitsu Kosan Co Ltd 1,912.9 Working Capital Acquisition Financing 52% 3/25/2021 Kansai Airports 1,852.3 Project Finance 12% Capital Expenditures Other 6/18/2021 ITOCHU Corp 1,815.0 Working Capital

3/31/2021 Recruit Holdings Co Ltd 1,806.7 General Corp. Purp.

2/25/2021 Sumitomo Corp 1,412.3 Working Capital 14% 3/31/2021 Mitsubishi Motors Corp 1,373.1 Working Capital

4/7/2021 Seibu Holdings Inc 1,365.6 Working Capital

An LSEG Business 11 Japan Rankings First Half 2021 | Syndicated Loans | Managing Underwriters

Japan Loans Mandated Arrangers S12a YoY Change ($) -22% QoQ Change ($) -76% Japan Loans Volume - Non-Japanese Borrowers

Rank Rank Proceeds # of Market Market Share $6 16 Mandated Arranger 2021 2020 US$mil Deals Share (%) Change (%) Mizuho Financial Group 1 1 39,535.5 237 35.5 -1.3 ▼ Mitsubishi UFJ Financial Group 2 2 31,614.7 425 28.4 0.7 ▲ 14 Sumitomo Mitsui Finl Grp Inc 3 3 29,228.2 326 26.2 -0.4 ▼ $5 Resona Holdings Inc 4 9 1,567.9 58 1.4 0.7 ▲ Citi 5 5 1,524.2 5 1.4 0.4 ▲ 12 Development Bank of Japan Inc 6 7 1,517.5 14 1.4 0.6 ▲ Sumitomo Mitsui Trust Holdings 7 4 1,291.3 20 1.2 -0.9 ▼ $4 Credit Agricole CIB 8 6 1,174.3 7 1.1 0.3 ▲ 10 Concordia Financial Group 9 8 774.8 42 0.7 0.0 - Deutsche Bank 10 - 415.2 1 0.4 0.4 ▲ BofA Securities Inc 11 12 350.0 1 0.3 0.0 - $3 8 Ashikaga Bank Ltd 12 - 316.4 1 0.3 0.3 ▲ CTBC Financial Holding Co Ltd 13 14 315.8 12 0.3 0.1 ▲ Aozora Bank Ltd 14 11 275.2 10 0.3 -0.2 ▼ 6 $2 Norinchukin Bank 15 13 238.1 2 0.2 0.0 - Shinsei Bank 16 25 161.0 5 0.1 0.1 ▲ 4 Fukuoka Financial Group Inc 17 10 154.7 4 0.1 -0.4 ▼ BNP Paribas SA 18 19* 116.7 1 0.1 0.0 - $1 Mebuki Financial Group Inc ▲ 19 - 104.6 1 0.1 0.1 2 Standard Chartered PLC 20* 26* 100.0 1 0.1 0.1 ▲ RHB 20* - 100.0 1 0.1 0.1 ▲ Hokuhoku Financial Group Inc 22 16 93.4 1 0.1 0.0 - $0 0 Daishi Hokuetsu Finl Grp Inc 23 - 92.1 1 0.1 0.1 ▲ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Shoko Chukin Bank 24 - 81.7 5 0.1 0.1 ▲ 2016 2017 2018 2019 2020 2021 Shizuoka Bank Ltd 25 - 69.6 1 0.1 0.1 ▲ Industry Total 111,477.5 1,024 100.0 Proceeds (US$bil) No. of Deals

Japan Loans Bookrunners S12b YoY Change ($) -27% QoQ Change ($) -77% Japan Loans - Volume by Maturity Date

Rank Rank Proceeds # of Market Market Share $250 2,000 Bookrunner 2021 2020 US$mil Deals Share (%) Change (%) Mizuho Financial Group 1 1 35,610.8 211 36.9 -2.2 ▼ Mitsubishi UFJ Financial Group 2 2 26,627.8 392 27.6 -1.3 ▼ 1,800 Sumitomo Mitsui Finl Grp Inc 3 3 24,425.6 291 25.3 1.2 ▲ Citi 4 5 1,837.5 3 1.9 0.5 ▲ $200 1,600 Credit Agricole CIB 5 6 1,707.7 5 1.8 0.6 ▲ Sumitomo Mitsui Trust Holdings 6 4 1,516.8 10 1.6 -0.4 ▼ Resona Holdings Inc 7 8 1,346.5 50 1.4 0.8 ▲ 1,400 Development Bank of Japan Inc 8 11 776.7 6 0.8 0.5 ▲ Concordia Financial Group 9 7 773.7 41 0.8 0.1 ▲ $150 1,200 Deutsche Bank 10 - 415.2 1 0.4 0.4 ▲ Ashikaga Bank Ltd 11 - 316.4 1 0.3 0.3 ▲ 1,000 CTBC Financial Holding Co Ltd 12 12 315.6 10 0.3 0.1 ▲ Aozora Bank Ltd 13 10 251.6 9 0.3 -0.2 ▼ Fukuoka Financial Group Inc 14 9 154.7 4 0.2 -0.4 ▼ $100 800 Shinsei Bank 15 17 121.8 4 0.1 0.1 ▲ Tokyo Kiraboshi Financial Inc 16 14 86.0 5 0.1 0.0 - 600 Shizuoka Bank Ltd 17 - 69.6 1 0.1 0.1 ▲ E Sun Financial Holding Co Ltd 18 - 45.9 1 0.1 0.1 ▲ Juroku Bank Ltd 19 - 40.7 1 0.0 0.0 - $50 400 Shoko Chukin Bank 20 - 39.5 2 0.0 0.0 - Chiba Bank Ltd 21 - 36.4 1 0.0 0.0 - 200 Bank of Kochi 22* 23 13.7 1 0.0 0.0 - Yamaguchi Financial Group Inc 22* - 13.7 1 0.0 0.0 - $0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 & Beyond Industry Total 96,543.9 997 100.0 Proceeds (US$bil) No. of Deals *Indicates a Tie

An LSEG Business 12 Syndicated Loans Criteria First Half 2021 | Managing Underwriters

If you would like to participate in the Database coverage includes all loan transactions that have reached financial close by the submission deadline and of which Refinitiv has been made aware. All submission process, receive current and previous years' data is as of 12:00PM ET on June 30, 2021. quarterly press releases, or have questions about our full league table Global, Americas, EMEA, Asia-Pacific and Japan bookrunner and mandated arranger league table volumes and rankings are based on general close date criteria please contact: instead of financial close date. Bilateral, self-arranged, commercial and unknown loans are excluded from league tables as well as loans with a maturity of less than 90 days. All league tables are based on deal proceeds unless otherwise specified. Regional league tables are based on Target Market. AMERICAS David Miao Market Segments (i.e. leveraged, investment grade) in this report are based on SDC 'yield type' which is defined separately from Refinitiv LPC's 'market Tel: +1 646 794 7000 segments'. Please speak to your contributor relations representative for more details. [email protected] Bookrunner league tables will give full credit to the bookrunner, equal if joint. In cases of consolidation, credit will be given to the surviving/parent firm. Bryan Diaz Mandated Arranger league tables will give equal credit to the Non-Americas mandated arranger and equal credit to the Americas Tier 1 agent. In cases of Tel: +506 2277 9987 consolidation, credit will be givien to the surviving/parent firm. [email protected] Non-US dollar denominated transactions are converted to the US dollar equivalent at the time of pricing. EMEA Iolanda Barbati Bookrunner league tables include club syndicate transactions that are sold down in the syndication process to firms that were not part of the original club Tel: +44 790 110 4940 syndicate. Mandated Arranger league tables include all club syndicate transactions, regardless of sell-down process. [email protected] Bookrunner and Mandated Arranger league tables only include amendments that require 100% lender vote for the following amendments: decrease in pricing, ASIA PACIFIC change in tenor if maturity is extended by a period of more than 90 days, guarantor or collateral release. An increase in deal size after syndication has ended will Anna Vong be reflected as an add on tranche. Tel: +852 3853 4404 [email protected] League table volumes for Mitsubishi UFJ Financial Group and Morgan Stanley, included herein, reflect changes after the commencement of their jointly established securities firms in Japan: (1) Mitsubishi UFJ Morgan Stanley Securities and (2) Morgan Stanley MUFG Securities. Credit for the newly established Kevin Hui joint ventures rolls up to Morgan Stanley. For Japanese involvement league tables Morgan Stanley will be represented as "Mitsubishi UFJ Morgan Stanley". Tel: +852 3853 4379 [email protected] While Refinitiv has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Refinitiv nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance JAPAN thereon, nor does it endorse any views or opinions of any third party content provider. Refinitiv disclaims all warranties, express or implied, as to the accuracy or Ai Hashimoto completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not Tel: +813 6441 1155 appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting [email protected] to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Refinitiv has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document.

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An LSEG Business