GLOBAL SYNDICATED LOANS

Transcription

1 GLOBAL SYNDICATED LOANS LEAGUE TABLES FY 215

2 FY 215 MANAGER RANKINGS GLOBAL SYNDICATED LOANS CONTENTS 1. Global market review 2. US market review 3. Canada market review 4. Latin America market review 5. EMEA market review 6. Asia Pacific market review 7. Table criteria Bloomberg s global syndicated loans database consists of more than 54, active loan tranches (and approximately 16, replaced or retired loans), covering nearly 4, unique borrowers across more than 2 countries and 1 different currencies. LEAG<GO> for a full range of league tables LOAN<GO> for Bloomberg s syndicated loans product Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES Contact Phone North America Paul Bandong loansleag@bloomberg.net Latin America Paul Bandong lanim@bloomberg.net Europe Charlotte Howell europeanloan@bloomberg.net Africa Sami Arafeh europeanloan@bloomberg.net Asia Pacific Xin Yu Chen aploans@bloomberg.net 215 Bloomberg Finance L.P. All rights reserved.

3 Global Syndicated Loans Review 1,4 Global Loans: Quarterly Volume Amount 4, FY 215 total Global Loans volume decreased 1.58% to USD 4. Trln while the total number of tranches decreased 13.83% to 11,884 tranches year-on-year. Total Global Bridge Loans volume increased 5.33% yearon-year to USD Bln while the total number of tranches decreased 2.6% to 15. ranked as the top Global Loans bookrunner for FY 215 with 9.73% of credited market share. The bank acted as bookrunner in 1,811 tranches over the period. JP Morgan and Citi ranked second and third with 9.48% and 6.95% of credited market share, respectively. USD Bln 1, 5 Q4 Q Q4 Q Q4 Q Q4 Q Q4 Q Q4 Q , Quarters Global Loans (Bookrunner) Share ,26 1, JP Morgan ,842 1, Citi , Wells Fargo ,181 1, HSBC , Barclays , BNP Paribas , Deutsche Bank , Mitsubishi UFJ Financial , RBC Capital Markets , TOTAL 1% 3,393,826 9,289 1% Global Loans: Industry Breakdown 6% Industry % Of Total % YOY Change 6% 2% Financials 784, % -1.4% 6% Consumer Discretionary 523, % -19.6% Energy 466, % -15.8% 8% Industrials 446, % -13.% 13% Consumer Staples 371, % 3.2% 9% 9% Health Care 336,54 8.5% -19.7% 12% Materials 333, % -6.6% 11% Utilities 235,867 6.% -4.8% Communications 231, % -2.9% Technology 191,84 4.9% -6.6% Government 31,483.8% 29.5% USD Bln USD Bln USD Bln Global Bridge Loans: Quarterly Volume Q4 Q Q4 Q Q4 Q Quarters Q4 Q Q4 Q Amount Q4 Q Global Sponsor-Led Loans: Quarterly Volume 2 1 Q4 Q Q4 Q Q4 Q Quarters Q4 Q Q4 Q Amount Q4 Q , 5 Sukuk & Islamic Financing: Quarterly Volume Amount Q4 Q Q4 Q Q4 Q Q4 Q Q4 Q Q4 Q Quarters 1

4 Global Loans (Bookrunner) Share ,26 1, JP Morgan ,842 1, Citi , Wells Fargo ,181 1, HSBC , Barclays , BNP Paribas , Deutsche Bank , Mitsubishi UFJ Financial , RBC Capital Markets , Goldman Sachs , Morgan Stanley , Credit Suisse , Mizuho Financial , Credit Agricole CIB , Scotiabank , Societe Generale , TD Securities , ING Groep , RBS , TOTAL 1% 3,393,826 9,289 1% Global Sponsor-Led Loans (Bookrunner) Share , Deutsche Bank , Goldman Sachs , JP Morgan , Barclays , Credit Suisse , Morgan Stanley , Citi , Wells Fargo , RBC Capital Markets , Jefferies , UBS , SunTrust Robinson Humphrey , BNP Paribas , Macquarie , Antares Capital LP , HSBC , Nomura , BMO Capital Markets , UniCredit , TOTAL 1% 365,476 1,871 1% Global Loans (Mandated Lead Arranger) Share JP Morgan ,92 1, ,961 2, Citi ,875 1, Wells Fargo ,12 1, HSBC ,593 1, Barclays ,45 1, Mitsubishi UFJ Financial , BNP Paribas ,994 1, Deutsche Bank , RBC Capital Markets , Goldman Sachs , Morgan Stanley , Credit Suisse , Mizuho Financial , Credit Agricole CIB , Sumitomo Mitsui Financial , ING Groep , Societe Generale , Scotiabank , TD Securities , TOTAL 1% 3,835,215 11,361 1% Global Sponsor-Led Loans (Mandated Lead Arranger) Share , Deutsche Bank , Barclays , Goldman Sachs , JP Morgan , Credit Suisse , Citi , Morgan Stanley , Wells Fargo , RBC Capital Markets , Jefferies , SunTrust Robinson Humphrey , UBS , Macquarie , BNP Paribas , BMO Capital Markets , Antares Capital LP , HSBC , Nomura , Credit Agricole CIB , TOTAL 1% 381,654 2,62 1% 2

5 Global Bridge Loans (Bookrunner) Share Citi , Morgan Stanley , Goldman Sachs , , HSBC , JP Morgan , Barclays , UBS , BNP Paribas , Mitsubishi UFJ Financial , Deutsche Bank , Credit Suisse , Mizuho Financial , UniCredit , Banco Santander , Sumitomo Mitsui Financial , Intesa Sanpaolo , Wells Fargo , RBS , Societe Generale , TOTAL 1% 256, % Americas Loans (Bookrunner) Share ,237 1, JP Morgan ,478 1, Wells Fargo ,136 1, Citi , RBC Capital Markets , Barclays , Mitsubishi UFJ Financial , Deutsche Bank , Credit Suisse , Goldman Sachs , Scotiabank , Morgan Stanley , TD Securities , HSBC , US Bancorp , BMO Capital Markets , BNP Paribas , CIBC , SunTrust Robinson Humphrey , , TOTAL 1% 2,8,744 5,297 1% Global Bridge Loans (Mandated Lead Arranger) Share Citi , Morgan Stanley , , Goldman Sachs , Mitsubishi UFJ Financial , HSBC , Barclays , JP Morgan , UBS , BNP Paribas , Mizuho Financial , Sumitomo Mitsui Financial , Credit Suisse , Deutsche Bank , Societe Generale , Commerzbank , UniCredit , ING Groep , Banco Santander , RBS , TOTAL 1% 29, % Americas Loans (Mandated Lead Arranger) Share JP Morgan ,556 1, ,72 1, Citi , Wells Fargo ,56 1, RBC Capital Markets , Barclays , Mitsubishi UFJ Financial , Deutsche Bank , Credit Suisse , Goldman Sachs , TD Securities , Scotiabank , US Bancorp , Morgan Stanley , BMO Capital Markets , HSBC , BNP Paribas , CIBC , , SunTrust Robinson Humphrey , TOTAL 1% 2,5,61 5,62 1% 3

6 US Loans Review FY 215 total US Loans volume decreased 8.69% to USD 1.8 Trln while the total number of tranches decreased 16.16% to 4,997 tranches year-on-year. Total US Leveraged Loans volume decreased 2.33% year-on-year to USD 71.2 Bln while the total number of tranches decreased 21.5% to 2,778. ranked as the top US Loans bookrunner for FY 215 with 16.2% of credited market share. The bank acted as bookrunner in 1,565 tranches over the period. JP Morgan and Wells Fargo ranked second and third with 15.86% and 9.62% of credited market share, respectively. USD Bln US Leveraged Finance: Quarterly Volume US Leveraged Loans US High Yield Corporate Bonds US Loans (Bookrunner) Share ,356 1, JP Morgan ,431 1, Wells Fargo ,293 1, Citi , Barclays , Deutsche Bank , Mitsubishi UFJ Financial , Credit Suisse , Goldman Sachs , Morgan Stanley , TOTAL 1% 1,749,93 4,453 1% USD Bln Q4 Q US Loans: Quarterly Volume Q4 Q Q4 Q Quarters Q4 Q Q4 Q Amount Q4 Q ,8 1,5 1, 5 8% 9% 6% 11% 6% 5% 11% Q4 Q Q4 Q Q4 Q Quarters Q4 Q Q4 Q US Loans: Industry Breakdown 2% 11% 15% Financials 2% Consumer Discretionary 15% Energy 11% Health Care 11% Industrials 11% Consumer Staples 9% Technology 8% Communications 6% Materials 6% Others 5% US Loans: Industry Breakdown Q4 Q Industry % Of Total % YOY Change Financials 362, % -2.9% Consumer Discretionary 276, % -18.% Energy 198, % -29.8% Health Care 197, % -4.5% Industrials 194, % 2.2% Consumer Staples 158, % 2.% Technology 139, % -.2% Communications 117, 6.4% 3.8% Materials 16, % -13.8% Utilities 79, % -8.7% Government 4,775.3% 444.9% 4

7 US Loans (Bookrunner) Share ,356 1, JP Morgan ,431 1, Wells Fargo ,293 1, Citi , Barclays , Deutsche Bank , Mitsubishi UFJ Financial , Credit Suisse , Goldman Sachs , Morgan Stanley , US Bancorp , RBC Capital Markets , HSBC , SunTrust Robinson Humphrey , BNP Paribas , , Mizuho Financial , Jefferies , KeyBanc Capital Markets , BMO Capital Markets , TOTAL 1% 1,749,93 4,453 1% US Loans - New Money (Bookrunner) Share , JP Morgan , Citi , Wells Fargo , Barclays , Deutsche Bank , Credit Suisse , Goldman Sachs , Morgan Stanley , Mitsubishi UFJ Financial , RBC Capital Markets , Jefferies , US Bancorp , SunTrust Robinson Humphrey , , BNP Paribas , HSBC , UBS , KeyBanc Capital Markets , BMO Capital Markets , TOTAL 1% 76,64 2,976 1% US Loans (Mandated Lead Arranger) Share JP Morgan ,552 1, ,587 1, Citi , Wells Fargo ,747 1, Barclays , Mitsubishi UFJ Financial , Deutsche Bank , Credit Suisse , Goldman Sachs , US Bancorp , RBC Capital Markets , Morgan Stanley , , SunTrust Robinson Humphrey , HSBC , BNP Paribas , Mizuho Financial , KeyBanc Capital Markets , BMO Capital Markets , Jefferies , TOTAL 1% 1,785,497 4,743 1% US Loans - New Money (Mandated Lead Arranger) Share ,934 1, JP Morgan , Citi , Wells Fargo , Barclays , Credit Suisse , Deutsche Bank , Goldman Sachs , Mitsubishi UFJ Financial , Morgan Stanley , RBC Capital Markets , , US Bancorp , SunTrust Robinson Humphrey , Jefferies , BNP Paribas , KeyBanc Capital Markets , HSBC , UBS , BMO Capital Markets , TOTAL 1% 721,86 3,162 1% 5

8 US Investment Grade Loans (Bookrunner) Share JP Morgan , , Citi , Wells Fargo , Mitsubishi UFJ Financial , Barclays , HSBC , Mizuho Financial , Deutsche Bank , BNP Paribas , Goldman Sachs , US Bancorp , Morgan Stanley , Credit Suisse , RBC Capital Markets , UBS , , SunTrust Robinson Humphrey , Scotiabank , Lloyds Bank , TOTAL 1% 694, % US Investment Grade Loans - New Money (Bookrunner) Share , JP Morgan , Citi , Wells Fargo , Mitsubishi UFJ Financial , Barclays , Goldman Sachs , Deutsche Bank , Mizuho Financial , HSBC , UBS , Credit Suisse , Lloyds Bank , BNP Paribas , Morgan Stanley , US Bancorp , TD Securities , Bank of China , RBC Capital Markets , , TOTAL 1% 222, % US Investment Grade Loans (Mandated Lead Arranger) Share JP Morgan , , Citi , Wells Fargo , Mitsubishi UFJ Financial , Barclays , Mizuho Financial , HSBC , Deutsche Bank , US Bancorp , BNP Paribas , Goldman Sachs , RBC Capital Markets , Credit Suisse , Morgan Stanley , , SunTrust Robinson Humphrey , RBS , Lloyds Bank , UBS , TOTAL 1% 71, % US Investment Grade Loans - New Money (Mandated Lead Arranger) Share , JP Morgan , Citi , Wells Fargo , Mitsubishi UFJ Financial , Barclays , Mizuho Financial , Goldman Sachs , Deutsche Bank , Lloyds Bank , Credit Suisse , UBS , HSBC , BNP Paribas , Morgan Stanley , US Bancorp , RBC Capital Markets , TD Securities , Bank of China , , TOTAL 1% 227, % 6

9 US Institutional Loans (Bookrunner) Share , Credit Suisse , JP Morgan , Deutsche Bank , Goldman Sachs , Barclays , Morgan Stanley , RBC Capital Markets , Jefferies , Citi , Wells Fargo , SunTrust Robinson Humphrey , UBS , Macquarie , BMO Capital Markets , BNP Paribas , Nomura , HSBC , Antares Capital LP , KeyBanc Capital Markets , TOTAL 1% 369,289 1,98 1% US Institutional Loans - New Money (Bookrunner) Share Credit Suisse , , Barclays , Deutsche Bank , Goldman Sachs , Jefferies , JP Morgan , Morgan Stanley , RBC Capital Markets , Citi , Wells Fargo , UBS , Macquarie , SunTrust Robinson Humphrey , BMO Capital Markets , Nomura , BNP Paribas , Antares Capital LP , HSBC , KeyBanc Capital Markets , TOTAL 1% 211, % US Institutional Loans (Mandated Lead Arranger) Share Credit Suisse , , JP Morgan , Deutsche Bank , Goldman Sachs , Barclays , Morgan Stanley , RBC Capital Markets , Citi , Jefferies , Wells Fargo , SunTrust Robinson Humphrey , UBS , Macquarie , BMO Capital Markets , BNP Paribas , Nomura , Antares Capital LP , HSBC , KeyBanc Capital Markets , TOTAL 1% 374,41 1,163 1% US Institutional Loans - New Money (Mandated Lead Arranger) Share Credit Suisse , , Barclays , Deutsche Bank , Goldman Sachs , Jefferies , Morgan Stanley , JP Morgan , RBC Capital Markets , Citi , Wells Fargo , UBS , Macquarie , BMO Capital Markets , SunTrust Robinson Humphrey , Nomura , BNP Paribas , Antares Capital LP , HSBC , , TOTAL 1% 211, % 7

10 US High Grade Loans (Bookrunner) Share , JP Morgan , Wells Fargo , Citi , Federal Farm Credit Bank , KeyBanc Capital Markets , , US Bancorp , Barclays , BMO Capital Markets , Capital One Financial , Bank of New York Mellon , Deutsche Bank Standard Chartered Bank Regions Financial Corp SunTrust Robinson Humphrey Mitsubishi UFJ Financial Goldman Sachs HSBC Citizens Financial Group TOTAL 1% 95, % US High Grade Loans - New Money (Bookrunner) Share , JP Morgan , Wells Fargo , Citi , KeyBanc Capital Markets , US Bancorp , Federal Farm Credit Bank , , Capital One Financial , Standard Chartered Bank Goldman Sachs Regions Financial Corp Mitsubishi UFJ Financial BMO Capital Markets SunTrust Robinson Humphrey Barclays Citizens Financial Group Fifth Third Bancorp Bank of New York Mellon Mizuho Financial TOTAL 1% 41, % US High Grade Loans (Mandated Lead Arranger) Share , JP Morgan , Wells Fargo , Citi , US Bancorp , , KeyBanc Capital Markets , Mitsubishi UFJ Financial , Federal Farm Credit Bank , Barclays , BMO Capital Markets , SunTrust Robinson Humphrey , TD Securities , Bank of New York Mellon , BNP Paribas , Deutsche Bank , Goldman Sachs Regions Financial Corp Mizuho Financial Morgan Stanley TOTAL 1% 94, % US High Grade Loans - New Money (Mandated Lead Arranger) Share JP Morgan , , Wells Fargo , Citi , US Bancorp , KeyBanc Capital Markets , , Federal Farm Credit Bank , Mitsubishi UFJ Financial SunTrust Robinson Humphrey Regions Financial Corp Goldman Sachs BMO Capital Markets Barclays TD Securities Mizuho Financial Fifth Third Bancorp Capital One Financial RBC Capital Markets Citizens Financial Group TOTAL 1% 38, % 8

11 US Leveraged Loans (Bookrunner) Share , JP Morgan , Wells Fargo , Credit Suisse , Deutsche Bank , Barclays , Goldman Sachs , Citi , Morgan Stanley , RBC Capital Markets , Jefferies , SunTrust Robinson Humphrey , BMO Capital Markets , US Bancorp , Mitsubishi UFJ Financial , UBS , HSBC , , Macquarie , BNP Paribas , TOTAL 1% 673,197 2,477 1% US Leveraged Loans - New Money (Bookrunner) Share , JP Morgan , Credit Suisse , Barclays , Deutsche Bank , Goldman Sachs , Wells Fargo , Morgan Stanley , RBC Capital Markets , Jefferies , Citi , SunTrust Robinson Humphrey , BMO Capital Markets , UBS , Macquarie , Antares Capital LP , US Bancorp , BNP Paribas , , Nomura , TOTAL 1% 319,41 1,778 1% US Leveraged Loans (Mandated Lead Arranger) Share , JP Morgan , Wells Fargo , Credit Suisse , Citi , Deutsche Bank , Barclays , Goldman Sachs , Morgan Stanley , RBC Capital Markets , Jefferies , SunTrust Robinson Humphrey , BMO Capital Markets , , US Bancorp , Mitsubishi UFJ Financial , UBS , HSBC , Macquarie , BNP Paribas , TOTAL 1% 685,312 2,614 1% US Leveraged Loans - New Money (Mandated Lead Arranger) Share , JP Morgan , Credit Suisse , Barclays , Deutsche Bank , Goldman Sachs , Morgan Stanley , Wells Fargo , RBC Capital Markets , Jefferies , Citi , SunTrust Robinson Humphrey , BMO Capital Markets , UBS , , Macquarie , Antares Capital LP , BNP Paribas , US Bancorp , KeyBanc Capital Markets , TOTAL 1% 322,812 1,867 1% 9

12 US LBO Loans (Bookrunner) Share Credit Suisse , Jefferies , Barclays , Morgan Stanley , RBC Capital Markets , Deutsche Bank , , Citi , Goldman Sachs , Macquarie , Antares Capital LP , Nomura , BMO Capital Markets , JP Morgan , Wells Fargo , UBS , SunTrust Robinson Humphrey , BNP Paribas , KeyBanc Capital Markets , Societe Generale , TOTAL 1% 88, % US LBO Loans - New Money (Bookrunner) Share Credit Suisse , Jefferies , Barclays , Morgan Stanley , RBC Capital Markets , Deutsche Bank , Goldman Sachs , Macquarie , , Antares Capital LP , Nomura , BMO Capital Markets , Citi , SunTrust Robinson Humphrey , JP Morgan , BNP Paribas , Wells Fargo , UBS , KeyBanc Capital Markets , Societe Generale , TOTAL 1% 78, % US LBO Loans (Mandated Lead Arranger) Share Credit Suisse , Jefferies , Barclays , Morgan Stanley , Citi , RBC Capital Markets , , Deutsche Bank , Goldman Sachs , Macquarie , JP Morgan , BMO Capital Markets , Antares Capital LP , Nomura , Wells Fargo , BNP Paribas , SunTrust Robinson Humphrey , UBS , KeyBanc Capital Markets , General Electric Capital Corp , TOTAL 1% 91, % US LBO Loans - New Money (Mandated Lead Arranger) Share Credit Suisse , Jefferies , Barclays , Morgan Stanley , RBC Capital Markets , Deutsche Bank , Goldman Sachs , Macquarie , , BMO Capital Markets , Nomura , Antares Capital LP , Citi , BNP Paribas , JP Morgan , SunTrust Robinson Humphrey , Wells Fargo , UBS , Societe Generale , KeyBanc Capital Markets , TOTAL 1% 79, % 1

13 US Loans (Administrative Agent) Share JP Morgan , , Citi , Wells Fargo , Credit Suisse , Deutsche Bank , Morgan Stanley , Barclays , BNP Paribas , , KeyBanc Capital Markets , SunTrust Robinson Humphrey , US Bancorp , RBC Capital Markets , Goldman Sachs , Societe Generale , Mitsubishi UFJ Financial , Jefferies , BMO Capital Markets , Mizuho Financial , TOTAL 1% 1,813,226 4,929 1% US Leveraged Loans (Administrative Agent) Share JP Morgan , , Credit Suisse , Deutsche Bank , Wells Fargo , Citi , Morgan Stanley , Barclays , Goldman Sachs , Jefferies , RBC Capital Markets , SunTrust Robinson Humphrey , BMO Capital Markets , Antares Capital LP , Scotiabank , KeyBanc Capital Markets , UBS , Rabobank Nederland , Capital One Financial , US Bancorp , TOTAL 1% 697,848 2,737 1% US Loans - New Money (Administrative Agent) Share JP Morgan , , Citi , Wells Fargo , Credit Suisse , Deutsche Bank , Morgan Stanley , Barclays , Societe Generale , KeyBanc Capital Markets , Mitsubishi UFJ Financial , RBC Capital Markets , , Jefferies , Goldman Sachs , SunTrust Robinson Humphrey , Mizuho Financial , BMO Capital Markets , US Bancorp , BNP Paribas , TOTAL 1% 741,32 3,294 1% US Leveraged Loans - New Money (Administrative Agent) Share JP Morgan , , Credit Suisse , Deutsche Bank , Morgan Stanley , Barclays , Citi , Wells Fargo , RBC Capital Markets , Jefferies , Goldman Sachs , Antares Capital LP , UBS , BMO Capital Markets , SunTrust Robinson Humphrey , KeyBanc Capital Markets , BNP Paribas , , Scotiabank , Capital One Financial , TOTAL 1% 332,863 1,948 1% 11

14 Canada Loans Review 8 Canada Loans: Quarterly Volume Amount 4 FY 215 total Canada Loans volume decreased 2.76% to USD 224. Bln while the total number of tranches decreased.% to 789 tranches year-on-year. Total Canada Loans - New Money volume increased.59% year-on-year to USD 53.5 Bln while the total number of tranches decreased 3.% to 356. RBC Capital Markets ranked as the top Canada Loans bookrunner for FY 215 with 18.35% of credited market share. The bank acted as bookrunner in 147 tranches over the period. CIBC and TD Securities ranked second and third with 16.86% and 16.77% of credited market share, respectively. CAD Bln Canada Loans (Bookrunner) Share RBC Capital Markets , CIBC , TD Securities , Scotiabank , BMO Capital Markets , National Bank Financial , HSBC , JP Morgan , Citi , , TOTAL 1% 216, % Canada Loans - New Money (Bookrunner) Share TD Securities , RBC Capital Markets , Scotiabank , BMO Capital Markets , CIBC , National Bank Financial , HSBC , Barclays BNP Paribas Desjardins Capital Markets TOTAL 1% 53, % Market Share (%) 9% 6% 11% 5% 8% 13% Q4 Q Q4 Q Q4 Q Quarters Q4 Q Q4 Q Canada Loans: Industry Breakdown 16% 31% Energy 31% Materials 16% Financials 13% Industrials 11% Utilities 9% Consumer Discretionary 6% Consumer Staples 5% Others 8% Q4 Q Canada Loans: Bookrunner ings History RBC Capital Markets CIBC TD Securities Scotiabank BMO Capital Markets National Bank Financial 12

15 Canada Loans (Mandated Lead Arranger) Share TD Securities , CIBC , RBC Capital Markets , Scotiabank , BMO Capital Markets , National Bank Financial , Citi , HSBC , JP Morgan , Mitsubishi UFJ Financial , BNP Paribas , , Desjardins Capital Markets , Barclays , Morgan Stanley , DNB ASA ATB Financial Bank of China Rabobank Nederland Sumitomo Mitsui Financial TOTAL 1% 22, % Canada Loans (Administrative Agent) Share RBC Capital Markets , Scotiabank , TD Securities , CIBC , BMO Capital Markets , National Bank Financial , JP Morgan , , HSBC , Desjardins Capital Markets , Mizuho Financial , Mitsubishi UFJ Financial Wells Fargo ATB Financial DNB ASA Citi Fairfax Financial Holdings Ltd Raymond James & Associates BNP Paribas TOTAL 1% 22, % Canada Loans - New Money (Mandated Lead Arranger) Share TD Securities , RBC Capital Markets , BMO Capital Markets , CIBC , Scotiabank , National Bank Financial , HSBC , Barclays , Mitsubishi UFJ Financial , Desjardins Capital Markets BNP Paribas JP Morgan Sumitomo Mitsui Financial Citi Societe Generale ATB Financial Sun Life Financial Nedbank Ltd Natixis TOTAL 1% 55, % Canada Loans - New Money (Administrative Agent) Share BMO Capital Markets , Scotiabank , TD Securities , RBC Capital Markets , National Bank Financial , CIBC , HSBC , Desjardins Capital Markets DNB ASA Fairfax Financial Holdings Ltd Mitsubishi UFJ Financial Raymond James & Associates ATB Financial Bank of New York Mellon Antares Capital LP Fifth Third Bancorp Wells Fargo Sumitomo Mitsui Financial Rabobank Nederland TOTAL 1% 55, % 13

16 Latin America Loans Review 2 Latin America Loans: Quarterly Volume Amount 7 FY 215 total Latin America Loans volume increased 24.78% to USD 48.1 Bln while the total number of tranches increased 3.94% to 132 tranches year-on-year. Banco Bilbao Vizcaya Argentaria ranked as the top Latin America Loans bookrunner for FY 215 with 1.% of credited market share. The bank acted as bookrunner in 32 tranches over the period. HSBC and Citi ranked second and third with 9.96% and 9.88% of credited market share, respectively. USD Bln Latin America Loans (Bookrunner) Share Banco Bilbao Vizcaya Argentaria , HSBC , Citi , JP Morgan , Banco Santander , , BNP Paribas , Sumitomo Mitsui Financial , Natixis , Credit Agricole CIB , TOTAL 1% 43, % Latin America Loans (Mandated Lead Arranger) Share Banco Santander , Banco Bilbao Vizcaya Argentaria , HSBC , Mizuho Financial , Scotiabank , BNP Paribas , Mitsubishi UFJ Financial , , Citi , JP Morgan , TOTAL 1% 46, % Market Share (%) 8% 7% 1% Q4 Q Q4 Q Q4 Q Quarters Q4 Q Q4 Q Q4 Q Latin America Loans: Industry Breakdown 7% 1% 6% 23% 29% Materials 29% Energy 23% Government 1% Industrials 1% Financials 8% Utilities 7% Consumer Staples 7% Others 6% Latin America Loans: Bookrunner ings History Banco Bilbao Vizcaya Argentaria HSBC Citi JP Morgan Banco Santander 14

17 EMEA Loans Review FY 215 total EMEA Loans volume increased 11.22% to EUR 1.1 Trln while the total number of tranches increased 2.2% to 3,642 tranches year-on-year. Total EMEA Leveraged Loans volume decreased 31.9% year-on-year to EUR 14.2 Bln while the total number of tranches decreased 13.84% to 722. BNP Paribas ranked as the top EMEA Loans bookrunner for FY 215 with 7.23% of credited market share. The bank acted as bookrunner in 577 tranches over the period. HSBC and Barclays ranked second and third with 6.79% and 4.8% of credited market share, respectively. EUR Bln EMEA Leveraged Finance: Quarterly Volume 1 5 EMEA Sponsor-led Leveraged Loans EMEA Corporate High Yield Bonds (inc EM) EMEA Loans (Bookrunner) Volume (EUR Share BNP Paribas , HSBC , Barclays , Citi , Deutsche Bank , UniCredit , Societe Generale , ING Groep , Credit Agricole CIB , RBS , TOTAL 1% 876,938 2,424 1% EUR Bln Q4 Q EMEA Loans: Quarterly Volume Q4 Q Q4 Q Quarters Q4 Q Q4 Q Amount Q4 Q ,2 1, % 1% 7% 11% 6% 3% 11% Q4 Q Q4 Q Q4 Q Quarters Q4 Q Q4 Q EMEA Loans: Industry Breakdown 19% 12% 14% Financials 19% Consumer Discretionary 14% Consumer Staples 12% Industrials 11% Materials 11% Energy 1% Utilities 7% Communications 7% Health Care 6% Others 3% EMEA Loans: Industry Breakdown Q4 Q Industry Volume (EUR % Of Total % YOY Change Financials 218, % 4.2% Consumer Discretionary 159,75 14.% -6.3% Consumer Staples 14, % 47.2% Industrials 127, % -15.2% Materials 12, % 31.2% Energy 116, % 36.9% Utilities 79,27 6.9% 4.3% Communications 78, % -23.6% Health Care 7,91 6.2% -14.% Technology 2, % -25.2% Government 9,588.8% 6.9% 15

18 EMEA Loans (Bookrunner) Volume (EUR Share BNP Paribas , HSBC , Barclays , Citi , Deutsche Bank , UniCredit , Societe Generale , ING Groep , Credit Agricole CIB , RBS , Banco Santander , JP Morgan , , Mitsubishi UFJ Financial , Commerzbank , Mizuho Financial , Sumitomo Mitsui Financial , Natixis , Goldman Sachs , Morgan Stanley , TOTAL 1% 876,938 2,424 1% EMEA Loans (Administrative Agent) Volume (EUR Share BNP Paribas , Citi , HSBC , Barclays , RBS , Deutsche Bank , Credit Agricole CIB , JP Morgan , UniCredit , ING Groep , Commerzbank , Societe Generale , Lloyds Bank , Mitsubishi UFJ Financial , , Nordea , Banco Santander , Rabobank Nederland , Natixis , Banco Bilbao Vizcaya Argentaria , TOTAL 1% 1,99,14 3,428 1% EMEA Loans (Mandated Lead Arranger) Volume (EUR Share HSBC , BNP Paribas , Barclays , ING Groep , Societe Generale , Citi , Credit Agricole CIB , UniCredit , RBS , Deutsche Bank , Banco Santander , Commerzbank , , Mitsubishi UFJ Financial , JP Morgan , Sumitomo Mitsui Financial , Mizuho Financial , Lloyds Bank , Natixis , Intesa Sanpaolo , TOTAL 1% 1,98,289 3,463 1% 16

19 EMEA Leveraged Loans (Bookrunner) Volume (EUR Share Goldman Sachs , JP Morgan , Deutsche Bank , BNP Paribas , HSBC , Barclays , UniCredit , Credit Agricole CIB , , Credit Suisse , ING Groep , Natixis , RBC Capital Markets , Morgan Stanley , RBS , Societe Generale , Citi , Nomura , Jefferies , Intesa Sanpaolo , TOTAL 1% 85, % EMEA Sponsor-led Leveraged Loans (Bookrunner) Volume (EUR Share Deutsche Bank , JP Morgan , Goldman Sachs , UniCredit , BNP Paribas , Credit Agricole CIB , Barclays , HSBC , Natixis , ING Groep , RBC Capital Markets , Credit Suisse , RBS , , Morgan Stanley , Societe Generale , Citi , Nomura , Jefferies Rabobank Nederland TOTAL 1% 6, % EMEA Leveraged Loans (Mandated Lead Arranger) Volume (EUR Share Goldman Sachs , JP Morgan , Deutsche Bank , BNP Paribas , HSBC , Barclays , Credit Agricole CIB , UniCredit , Credit Suisse , , ING Groep , RBS , Societe Generale , Natixis , Morgan Stanley , RBC Capital Markets , Citi , Nomura , Mizuho Financial , Nordea , TOTAL 1% 96, % EMEA Sponsor-led Leveraged Loans (Mandated Lead Arranger) Volume (EUR Share Deutsche Bank , JP Morgan , Goldman Sachs , Credit Agricole CIB , UniCredit , BNP Paribas , Barclays , HSBC , ING Groep , Natixis , Societe Generale , RBS , Credit Suisse , RBC Capital Markets , Morgan Stanley , , Citi , Nomura , Mizuho Financial , Commerzbank , TOTAL 1% 68, % 17

20 EMEA Investment Grade Loans (Bookrunner) Volume (EUR Share BNP Paribas , Barclays , Citi , HSBC , Mizuho Financial , Deutsche Bank , RBS , Societe Generale , Mitsubishi UFJ Financial , Banco Santander , , UniCredit , Sumitomo Mitsui Financial , ING Groep , Morgan Stanley , Credit Suisse , Intesa Sanpaolo , Credit Agricole CIB , Goldman Sachs , JP Morgan , TOTAL 1% 353, % Western Europe Loans (Bookrunner) Volume (EUR Share BNP Paribas , HSBC , Barclays , Deutsche Bank , UniCredit , Citi , Societe Generale , Credit Agricole CIB , ING Groep , RBS , Banco Santander , JP Morgan , , Commerzbank , Mitsubishi UFJ Financial , Mizuho Financial , Sumitomo Mitsui Financial , Natixis , Goldman Sachs , Morgan Stanley , TOTAL 1% 812,521 2,147 1% EMEA Investment Grade Loans (Mandated Lead Arranger) Volume (EUR Share BNP Paribas , Citi , HSBC , Barclays , Mizuho Financial , Mitsubishi UFJ Financial , Societe Generale , , Commerzbank , Banco Santander , Sumitomo Mitsui Financial , Deutsche Bank , RBS , ING Groep , UniCredit , Credit Agricole CIB , JP Morgan , Intesa Sanpaolo , Morgan Stanley , Banco Bilbao Vizcaya Argentaria , TOTAL 1% 42, % Western Europe Loans (Mandated Lead Arranger) Volume (EUR Share HSBC , BNP Paribas , Barclays , ING Groep , Societe Generale , Citi , Credit Agricole CIB , RBS , UniCredit , Deutsche Bank , Banco Santander , Commerzbank , , JP Morgan , Mitsubishi UFJ Financial , Sumitomo Mitsui Financial , Mizuho Financial , Lloyds Bank , Natixis , Intesa Sanpaolo , TOTAL 1% 981,14 2,944 1% 18