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1st 4UWV 2012 League 1st 4UWV 2012 League Tables 1st 4UWV2012 League

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GLOBAL
SYNDICATED
LOANS

09/29/2012

Bloomberg

Bloomberg 2012 Q3

Table of Contents
1 . Introduction
2 . U.S. Loans

Global Syndicated Loans League Tables


From revolvers to leveraged loans, Bloomberg's syndicated loan league tables are your one-stop shop for constant

3 . U.S. Leveraged Loans


4 . Canada Loans

and timely access to the most comprehensive information available on mandated arranger representation.

5 . Latin America Loans Mandated Arranger


6 . Latin America Loans Book Runner

Just type LEAG <GO> for underwriter rankings or LALT <GO> for legal adviser rankings and then click on the red

7 . EMEA Loans Mandated Arranger


8 . EMEA Loans Book Runner

equity, equity-linked and syndicated loans. Alternatively, press the green <Help> key on your BLOOMBERG

9 . EMEA High Yield Loans Mandated Arranger


10 . EMEA High Yield Loans Book Runner
11 . EMEA Sponsor-led Lev Loans Mandated
Arranger

12 . EMEA Sponsor-led Leveraged Loans Book

'Select a Market' button in the top left of your screen to view a complete range of rankings available for fixed income,
PROFESSIONAL(R) for further instructions.

VISIT {NI LEAG CRL <GO>} TO DOWNLOAD COPIES OF THE FULL RELEASE AND A FULL RANGE OF
MARKET SPECIFIC LEAGUE TABLE RESULTS.

Runner

13 . EMEA Investment Grade Loans Mandated


Due to the dynamic nature of the Professional Service product, league table rankings may vary between this

Arranger

14 . EMEA Investment Grade Loans Book

release and data found on the Bloomberg Professional Service.

Runner

15 . EMEA Islamic Loans Mandated Arranger


16 . EMEA Islamic Loans Book Runner
17 . Western Europe Loans Mandated Arranger
18 . Western Europe Loans Book Runner
19 . Asia ex-Japan Loans Mandated Arranger
20 . Asia ex-Japan Loans Book Runner
21 . Asia-Pac ex-Japan Loans Mandated
Arranger

22 . Asia-Pac ex-Japan Loans Book Runner


23 . Australia/NZ Loans Mandated Arranger
24 . Australia/NZ Loans Book Runner

For data submissions or queries, please contact:


Contact

Phone

Fax

Email

Americas

Paul Bandong

+1-609-279-5187

+1-646-268-5455

pbandong1@bloomberg.net

EMEA

Charlotte Howell

+44-20-7330-7326

+44-20-7073-5305

chowell10@bloomberg.net

Asia-Pac

Isabella Kwan

+852-2977-4638

+852-2977-4688

ikwan1@bloomberg.net

For 24 hour global customer support call

+1 212 318 2000

+44 20 7330 7500

+65 6212 1000

+81 3 3201 8900

or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.

LEAG <GO>

LREP <GO>

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

LREP <GO>
1

Global Syndicated Loan Markets Review

Bloomberg
RegionalSyndicatedLoanActivity

TotalVolumebyIndustry(1st3Q2012)

In the first three quarters of 2012 total volume for US loans was $994.9 billion, 74.9% of the
volume for the same period in 2011 including refinanced debt. Issuance was 88.9% of the same
period in 2011 with 2,122 deals closing in the first three quarters of 2012.
US leveraged loan volume for the first three quarters of 2012 was $406.9 billion, a decrease of
18.8% from the first three quarters of 2012 including refinanced debt. 1,139 deals were issued in the
leveraged loan market during the first three quarters of 2012, 94.8% of the same period in 2011.
Volume for the first three quarters of 2012 in EMEA was $515.6 billion, a decrease of 40.1% from
the first three quarters of 2011. Issuance was 59.9% of the same period in 2011 with 781 deals.
843 syndicated deals were completed in the Asia Pacific exJapan region in the first three quarters
of 2012, totaling $232.8 billion. In comparison to the same period in 2011, the total volume dropped
by 32.6% from $345.3 billion.

IndustrySectorSyndicatedLoanActivity
The top three industries globally were Consumer, Noncyclical, Financial, and Consumer Cyclical
which collectively accounted for 45.6% of total deal activity year to date in 2012.
For the first three quarters of 2012, Consumer, Noncyclical was the leading industry in the US,
followed closely by Financial.
The top three industries within the EMEA region were Consumer NonCyclical, Industrial and
Financial. These sectors accounted for 46.3% of total syndicated loan activity during the first three
quarters of 2012.
The Financial Industry was the largest contributor accounting for 22.8% of syndicated loans in the
Asia Pacific exJapan market for this period.

Other
Government
2%
Technology 3%
3%
BasicMaterials
7%

Consumer,Non
Cyclical
18%

Utilities
7%

Communication
8%

Financial
15%

Energy
11%
Industrial
14%
Consumer,
Cyclical
12%

HeatMap:1st 3Q2012VolumebyRegion
NorthAmerica(56.8%)
WesternEurope(22.4%)
AsiaPacific(15.5%)
LatinAmerica&Caribbean(2.1%)
EasternEurope(1.5%)
MiddleEast&Africa(1.7%)

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

LEAG <GO>

UNDW<GO>

NI LEAG CRL<GO>

Global Syndicated Loan Markets Review

Bloomberg
GlobalSyndicatedLoansQuarterlyVolume
$1400

AmericasSyndicatedLoansQuarterlyVolume
2,500

$700

1,200

Volume
$1200

2,000

1,000

DealCount

$1000

$800

$600

1,000

$400

800
$400

Issuance

1,500

VolumeinUSD(Billions)

$500

Issuance

VolumeinUSD(Billions)

Volume

$600

DealCount

600
$300
400
$200

500
$200

200

$100

$0
Q3
2007

Q3
2008

Q3
2009

Q3
2010

Q3
2011

0
Q3
2012

$0
Q3
2007

EMEASyndicatedLoansQuarterlyVolume

Q3
2009

Q3
2011

$250

0
Q3
2012

800

Volume

Volume
$500

Q3
2010

APACSyndicatedLoansQuarterlyVolume
600

$600

Q3
2008

700

DealCount

DealCount

500

$200
600

$200

200

$100

100

500

$150

400
$100

300

200
$50
100

$0
Q3
2007

Q3
2008

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

Q3
2009

Q3
2010

LEAG <GO>

Q3
2011

0
Q3
2012

$0
Q3
2007

UNDW<GO>

Q3
2008

Q3
2009

Q3
2010

Q3
2011

NI LEAG CRL<GO>

0
Q3
2012

Issuance

300

VolumeinUSD(Billions)

VolumeinUSD(Billions)

$300

Issuance

400

$400

Global Syndicated Loan Markets Review

Bloomberg

USLoans1st 3Q2012NotableHighlights
Summary
NumberofLoans

2,122

Volume(Bln)

$994.9

AvgLoanSize(Mln)

$463.3

TopArranger
Arranger

SigningDate
6/6/2012
2/10/2012
9/20/2012
5/15/2012
3/15/2012

Issuer
WALMARTSTORESINC
KINDERMORGAN
JOHNSON&JOHNSON
DEPOSITORYTRUSTCOMPANY
FORDMOTORCOMPANY

7/18/2012
8/3/2012
5/21/2012
6/6/2012

ABBVIEINC
PROCTER&GAMBLECO/THE
EATONCORP
COMCASTCORP

JPMorgan

NumberofLoans

642

Volume(Bln)

$173.2

Underwriter
BAML,BARCS,CITI,JPM,RBS,WFC
BAML,BARCS,CITI,CS,DB,JPM,MUFG,RBCCM,RBS,UBS,WFC
CITI,JPM
BAML,BARCS,BOC,JPM
BAML,BARCS,BNPPAR,CITI,DB,GS,HSBCL,JPM,MS,MUFG,RBCCM,
RBS,SMFGRP
BAML,BARCS,JPM,MS
CITI,JPM
CITI,MS
CITI,JPM,MS,MUFG,WFC

INDUSTRY

DealType
RCF,LOC
Bridge,TL
RCF
RCF
RCF

Value(mln)
$11,841
$11,800
$10,000
$9,330
$9,000

Maturity
2013
2015
2013
2013
2015

Bridge
RCF
Bridge
RCF

$7,500
$7,000
$6,750
$6,250

2013
2017
2013
2017

MARKETSHARE

Consumer,Noncyclical

Other
22%

Financial

JPMorgan
17%

Consumer,Cyclical
Industrial
RBCCapital
2%

Energy
Communications
Utilities
1st3Q2012
1st3Q2011

Technology
BasicMaterials

Deutsche
3%
RBS
3%

Diversified
Funds

CreditSuisse
3%

Government
$0

$50

$100

$150

$200

$250

Bankof
America
16%

Mitsubishi
3%
Goldman
3%

Morgan
Stanley Barclays
3%
5%

Citi
10%
WellsFargo
10%

$300

TotalVolume(USDBillion)

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

LEAG <GO>

UNDW<GO>

NI LEAG CRL<GO>

Global Syndicated Loan Markets Review

Bloomberg

USLeveragedLoans1st 3Q2012NotableHighlights
Summary

SigningDate Issuer
1,139 2/10/2012 KINDERMORGAN
$406.9 3/15/2012 FORDMOTORCOMPANY

NumberofLoans
Volume(Bln)
AvgLoanSize(Mln)

$357.2

5/11/2012
4/5/2012
ArrangerBankofAmerica 7/31/2012
2/29/2012
NumberofLoans
337 3/30/2012
3/30/2012
Volume(Bln)
$56.9
3/13/2012

TopArranger

Underwriter
BAML,BARCS,CITI,CS,DB,JPM,MUFG,RBCCM,RBS,UBS,WFC
BAML,BARCS,BNPPAR,CITI,DB,GS,HSBCL,JPM,MS,MUFG,RBCCM,
RBS,SMFGRP
CHESAPEAKEENERGYCORP
GS,JEFGRP
LAWSONSOFTWARE
BAML,BARCS,CS,DB,JPM,KKRCAP,MS,RBCCM
SABINEPASSLIQUEFACTION
CACIB,CS,HSBCL,JPM,MS,MUFG,RBCCM,SG
LINNENERGYLLC
BNPPAR,RBCCM,WFC
FIDELITYNATIONALINFORMATI BAML,JPM,WFC
DOLLARGENERALCORP
CITI,GS,KKRCAP
FIRSTDATACORPORATION
BAML,CITI,CS,DB,HSBCL,KKRCAP

INDUSTRY

DealType
Bridge,TL
RCF

Value(mln) Maturity
$11,800
2015
$9,000
2015

Bridge
RCF,TL
TL
RCF
RCF,TL
TL
RCF,TL

$4,000
$3,647
$3,600
$3,500
$3,250
$3,180
$3,155

2017
2018
2019
2017
2017
2017
2018

MARKETSHARE
Bankof
America
14%

Other
19%

Consumer,Noncyclical
Consumer,Cyclical
Energy
Keybanc
2%
UBS
2%
Suntrust
3%

Industrial
Communications
Financial
1st3Q2012

Technology

JPMorgan
12%

GECapital
3%

1st3Q2011

BasicMaterials

WellsFargo
9%

RBC
4%

Utilities

Deutsche
4%
MorganStanley
5%
GoldmanSachs
5%

Diversified
Funds
Government
$0

$50

$100

$150

CreditSuisse
7%
Barclays
6%

Citi
6%

TotalVolume(USDBillion)

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

LEAG <GO>

UNDW<GO>

NI LEAG CRL<GO>

Global Syndicated Loan Markets Review

Bloomberg

CanadaLoans1st 3Q2012NotableHighlights
Summary

SigningDate
NumberofLoans
340 1/4/2012
6/29/2012
Volume(Bln)
$140.4 4/16/2012
AvgLoanSize(Mln)
$413.0 6/15/2012
6/15/2012
TopArranger
7/13/2012
Arranger
TDSecurities 1/10/2012
NumberofLoans
75 8/1/2012
8/1/2012
Volume(Bln)
$26.9 7/20/2012

Issuer
BARRICKGOLDCORP
PROVINCEOFQUEBEC
ALIMENTATIONCOUCHETARD
NEXENINC
PENNWESTPETROLEUMLTD
BELLCANADA
ENBRIDGEINC
ENBRIDGEINC
ENBRIDGEINC
ROGERSCOMMUNICATIONS

Underwriter
CITI,JPM,MS,RBCCM
CIBC,RBCCM,TDSECS
HSBCL,MUFG,NBF,RABO,SCOTIA,UBS
TDSECS
BMO,CIBC
BMO,CIBC
BMO,CITI,MS,RBCCM,TDSECS
CIBC,SCOTIA,TDSECS
CIBC,SCOTIA,TDSECS
SCOTIA,TDSECS

DealType
RCF
RCF
TL
RCF
RCF
RCF,TL
RCF
RCF
RCF
RCF

INDUSTRY

Value(mln)
$4,000
$3,500
$3,200
$2,936
$2,936
$2,465
$2,250
$2,238
$1,989
$1,975

MARKETSHARE

BankofAmerica
2%

Energy
BasicMaterials

Other
11%

TDSecurities
19%

Citi
3%
JPMorgan
3%

Utilities
Industrial

NationalBank
Financial
7%

Financial
Consumer,Noncyclical

1st3Q2012

Consumer,Cyclical

1st3Q2011

Communications

CIBC
18%

BMOCapital
Markets
9%

Government
Technology
Diversified
$0

$10

$20

$30

$40

$50

RBCCapital
Markets
13%

Scotiabank
15%

TotalVolume(USDBillion)

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

LEAG <GO>

UNDW<GO>

NI LEAG CRL<GO>

Maturity
2017
2015
2015
2017
2016
2015
2015
2017
2014
2017

Global Syndicated Loan Markets Review

Bloomberg

LatinAmericaLoans1st 3Q2012NotableHighlights
Summary
NumberofLoans
Volume(Bln)
AvgLoanSize(Mln)

TopArranger
Arranger

SigningDate
9/19/2012
54
5/17/2012
$30.4 2/7/2012

$563.0 6/15/2012
8/1/2012
BBVA

NumberofLoans

Issuer
CEMEXSABDECV
BRASKEMIDESASAPI
GRUPOBIMBOSABDECV

MandatedLeadArranger
BAML,BBVA,BNPPAR,BSSA,CITI,HSBCL,JPM,RBS
BNCE,BNDES,IADB,IFC,NAFIN,SERVIZ
BAML,BANAMEX,BBVA,BSSA,HSBCL,JPM,MUFG

DealType
TL
TL
RCF

Value(mln)
$7,127
$2,300
$1,500

Maturity
2017
N/A
2017

OSXCONSTRUCAONAVALSA
GUARANORTESARL

BNDES,CXECON
ABN,CACIV,CBA,CMCIC,DBJ,DBNK,ICBKC,ING,MIZUHO,MUFG,
NORDEA,RABO,SMFGRP
BANBOG,BANCOL,BANDAV,BANOCC,BBVA,BANCAGR,BNCAVV,
CORFIT,POPULA,SUDCOL
MUFG,SMFGRP
MIZUHO,MUFG,SMFGRP

TL
TL

$1,316
$1,200

2033
2025

TL

$1,189

2024

TL
TL

$1,125
$1,000

2031
2021

5/8/2012

OLEODUCTOBICENTENARIO

3/28/2012
3/8/2012

CERNAMBISULMV24BV
SIERRAGORDASCM

14

Volume(Bln)

$2.4

INDUSTRY

MARKETSHARE

Industrial

14%

Energy

1st3Q2012

12%

BasicMaterials

1st3Q2011

Consumer,NonCyclical
Utilities

20121st3Q

Consumer,Cyclical

20111st3Q

Financial

MarketShare

10%
8%
6%
4%

Communications

2%
Diversified
$0

$5

$10

$15

TotalVolume(USDBillion)

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

LEAG <GO>

0%
BBVA

Mitsubishi HSBCBank Banco


UFJ
Santander

UNDW<GO>

Citi

NI LEAG CRL<GO>

Global Syndicated Loan Markets Review

Bloomberg

EMEASyndicatedLoans1st 3Q2012NotableHighlights
Summary
NumberofLoans
Volume(Bln)
AvgLoanSize(Mln)

TopArranger
Arranger
NumberofLoans
Volume(Bln)

SigningDate Issuer
MandatedLeadArranger
5/16/2012
FONDOPARALAFINANCIACION
BANKIA,BBVA,BCOPOP,BSSA,CAIXA,INSTCR
781
6/20/2012 ANHEUSERBUSCHINBEVSANV ANZ,BAML,BARCS,BNPPAR,BSSA,COBA,DB,ING,JPM,MIZUHO,
$515.6
MUFG,RABO,RBS,SG,SMFGRP,TDSECS
$660.1 1/27/2012 SCHAEFFLERAG
BNPPAR,COBA,DB,HSBCL,JPM,LBBW,RBS,UNICRD
7/24/2012 SNAMSPA
BAML,BARCS,BNPPAR,CITI,HSBCL,INTES,JPM,MEDBCA,MIZUHO,
RBS
MS,MUFG,SG,SMFGRP,UBS,UNICRD
NESTLESA
BAML,BARCS,BNPPAR,BSSA,CITI,CS,DB,GS,HSBCL,JPM,MUFG,
170 7/4/2012
RBS,SG,UBS
$26.3
4/25/2012 GLENCOREINTERNATIONALAG ABN,BAML,BARCS,BNPPAR,CACIB,CITI,ING,RBS,SCB,SG

INDUSTRY

DealType
TL
TL

Value(mln) Maturity
$38,149 2017
$14,000 2016

TL,RCF
$12,447
Bridge,TL, $10,855
RCF
Bridge
$8,500

2017
2017

Bridge,RCF $8,030

2015

2013

MARKETSHARE

Consumer,Noncyclical

7%
1st3Q2010

Industrial
6%

Financial
BasicMaterials

1st3Q2011
1st3Q2012

5%
MarketShare

Consumer,Cyclical
Government
Communications
Utilities

1st3Q2012

Energy

4%
3%
2%

1st3Q2011
1%

Diversified
Technology

0%
$0

$50

$100

TotalVolume(USDBillion)

LMX <GO>
2012BloombergFinanceL.P.Allrightsreserved.

LEAG <GO>

$150

RBS

Deutsche
BankAG

UNDW<GO>

BNP
Paribas
Group

HSBCBank Societe
PLC
Generale

NI LEAG CRL<GO>

Global Syndicated Loan Markets Review

Bloomberg

APACLoans1st 3Q2012exJapanNotableHighlights
Summary

SigningDate
4/30/2012
843 6/25/2012
3/26/2012
$232.8
6/13/2012

NumberofLoans
Volume(Bln)
AvgLoanSize(Mln)

Issuer
AIRINDIA
MARINABAYSANDSPTELTD
MSCOMMERCIALPTELTD
ALIBABAGROUPHOLDINGLTD

$276.2
5/23/2012

TopArranger

AUSTRALIAPACIFICLNGLTD

ArrangerStateBankofIndia 6/11/2012 DANAINFRASDN


NumberofLoans

47

Volume(Bln)

$15.6

5/2/2012

NOBLEGROUPLTD

7/31/2012

WYNNMACAULTD

MandatedLeadArranger
SBI
CIMB,DBS,MAYBAN,OVCHBC,SCB,SMFGRP,UOB
ANZ,DBS,MAYBAN,MUFG,OVCHBC,SMFGRP,UOB
ANZ,BARCS,BKEA,CATHAY,CDIB,CHINAT,CITI,CS,DB,DBS,HSBCL,
ING,INTES,MEGA,MIZUHO,MS,NATIX,TFCB,TFH
ANZ,BBVA,BOC,CBA,DBS,DNBK,EXDEVC,HSBCL,LLOYDS,MIZUHO,
MUFG,NAB,SG,SMFGRP,WESTPC
AMINVB,CIMB,MAYBAN,RHB
ABN,ANZ,BAML,CACIB,CBA,CITI,COBK,DBS,GS,HSBCL,ICBKC,ING,
JPM,KfW,LLOYDS,MUFG,NEDCAP,RABO,RBS,SCB,SG,UOB
BAML,BMACAU,BNPPAR,BOC,CXGD,DB,DBS,ICBKC,JPM,MS,RBS,
SCB,SCOTIA,UBS,UOB

INDUSTRY

DealType
TL,RCF
TL,RCF
TL,RCF
TL,RCF

Value(mln)
$4,463
$3,980
$3,977
$3,000

Maturity
2026
2018
2017
2015

TL

$2,875

2029

RCF
RCF

$2,525
$2,360

2014
2015

TL,RCF

$2,310

2018

COUNTRYBREAKDOWN
Other
5%

Financial

Malaysia
6%

Industrial
Consumer,Cyclical

Australia&
NewZealand
25%

Taiwan
9%

Utilities
Energy
Consumer,Noncyclical
BasicMaterials

1st3Q2012

Diversified

1st3Q2011

HongKong
10%

Communications

India
14%

Korea
10%

Technology
Government
$0

$20

$40

$60

$80

Singapore
10%

$100

China
11%

TotalVolume(USDBillion)

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LEAG <GO>

UNDW<GO>

NI LEAG CRL<GO>

Bloomberg
Underwriter League Tables

U.S. Loans
-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

JP Morgan

17.4

173,203

642

20.3

(2.9)

Bank of America Merrill Lynch

15.7

156,258

648

18.1

(2.4)

Citi

10.3

102,603

291

9.8

0.5

Wells Fargo & Co

9.6

95,336

499

9.3

0.3

Barclays

5.6

55,219

206

4.3

1.3

Morgan Stanley

3.4

34,281

116

10

2.6

0.8

Credit Suisse

3.2

31,900

158

4.0

(0.8)

RBS

2.9

29,034

154

3.0

(0.1)

Deutsche Bank AG

2.8

27,807

137

2.9

(0.1)

Goldman Sachs & Co

10

2.7

26,376

119

11

2.4

0.3

Mitsubishi UFJ Financial

11

2.6

26,083

132

12

2.1

0.5

RBC Capital Markets

12

2.4

23,863

129

17

1.2

1.2

US Bancorp

13

1.9

18,958

169

15

1.3

0.6

BNP Paribas Group

14

1.8

18,247

73

2.7

(0.9)

PNC Bank

15

1.8

17,892

165

13

1.4

0.4

SunTrust Robinson Humphrey

16

1.6

16,267

134

14

1.4

0.2

KeyBanc Capital Markets

17

1.4

14,010

105

19

1.0

0.4

General Electric Capital Corp

18

1.2

12,208

140

16

1.2

UBS

19

1.2

12,140

67

20

0.9

0.3

BMO Capital Markets

20

1.0
100%

10,271
994,933

0.8

0.2

TOTAL

21
99
2,122 1,328,490

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

3.62%
36.56%
16.36%
11.90%
17.96%
13.60%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
600,000

1000
900

500,000
800
400,000

700
600

300,000

100%

500

Includes all eligible U.S. loans. Volume in USD millions.

200,000

400
300

100,000
200

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

100
Q
1

LREP <GO>
2

Bloomberg
Underwriter League Tables

U.S. Leveraged Loans


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Bank of America Merrill Lynch

14.0

56,919

337

17.2

(3.2)

JP Morgan

12.1

49,110

245

14.3

(2.2)

Wells Fargo & Co

9.3

37,743

232

8.5

0.8

Credit Suisse

6.9

27,925

137

6.9

Citi

5.8

23,498

118

5.6

0.2

Barclays

5.7

23,372

119

5.2

0.5

Goldman Sachs & Co

5.0

20,217

101

4.7

0.3

Morgan Stanley

4.6

18,538

84

4.6

Deutsche Bank AG

4.3

17,638

100

4.8

(0.5)

RBC Capital Markets

10

4.2

17,172

95

13

2.2

2.0

General Electric Capital Corp

11

2.7

10,970

128

10

2.7

SunTrust Robinson Humphrey

12

2.6

10,529

92

11

2.3

0.3

UBS

13

2.2

8,793

55

15

1.8

0.4

KeyBanc Capital Markets

14

2.1

8,465

66

18

1.3

0.8

RBS

15

2.0

8,031

56

14

2.0

BMO Capital Markets

16

2.0

8,010

71

17

1.3

0.7

Jefferies Group Inc

17

1.8

7,194

40

21

1.0

0.8

BNP Paribas Group

18

1.4

5,816

37

12

2.3

(0.9)

Mitsubishi UFJ Financial

19

1.3

5,391

27

26

0.4

0.9

PNC Bank

20

1.2
100%

4,943
406,901

20
57
1,139 500,951

1.1

0.1

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

3.75%
42.20%
10.17%
11.07%
15.54%
17.27%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
240,000

500
450

200,000
400
160,000

350
300

120,000

100%

250

Includes all eligible U.S. leveraged loans (spread of 225bp or more). Loans must be rated less than investment grade by at least one rating agency or not

80,000

200

rated at all. Volume in USD millions.

150
40,000
100

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

50
Q
1

LREP <GO>
3

Bloomberg
Underwriter League Tables

Canada Loans
2012

9/30/12
MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

MKT

SHARE

SHARE

CHG (%)

TD Securities

19.2

26,931

75

18.4

0.8

CIBC

18.3

25,728

91

14.5

3.8

Scotiabank

15.4

21,589

75

14.8

0.6

RBC Capital Markets

13.0

18,237

62

20.2

(7.2)

BMO Capital Markets

9.0

12,631

54

8.6

0.4

National Bank Financial Inc

6.7

9,476

50

6.1

0.6

JP Morgan

3.3

4,569

22

2.8

0.5

Citi

2.6

3,636

12

10

1.4

1.2

Bank of America Merrill Lynch

1.6

2,284

17

2.3

(0.7)

Desjardins Capital Markets

10

1.2

1,747

17

0.7

0.5

HSBC Bank PLC

11

1.2

1,687

14

12

0.8

0.4

Morgan Stanley

12

1.1

1,611

2.5

(1.4)

UBS

13

1.1

1,475

11

0.9

0.2

Barclays

14

0.8

1,073

15

0.7

0.1

Mitsubishi UFJ Financial

15

0.6

831

Goldman Sachs & Co

16

0.6

815

19

0.5

0.1

Deutsche Bank AG

17

0.6

792

20

0.3

0.3

ATB Financial

18

0.6

782

18

0.6

Credit Suisse

19

0.5

734

13

0.8

(0.3)

50,000

Rabobank Nederland

20

0.5
100%

633
140,420

36
3
340 128,324

0.5

40,000

QUARTERLY VOLUME
USD (Mln) / #Deals
70,000

180

60,000

160
140
120

30,000
80
20,000

60

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

Q
3

20
Q
2

40

0
Q
1

10,000

20

LREP <GO>

100.00%

100

100%

Includes all eligible Canadian loans. Table based on Loan Arranger. Volume in USD millions.

LEAG <GO>

9.87%
16.10%
9.25%
2.84%
9.29%
42.76%
9.87%

Total:

09

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

20

RANK

INDUSTRY BREAKDOWN

MKT

09

FIRM

2011

20

1/1/12

LREP <GO>
4

Bloomberg
Underwriter League Tables

Latin America Loans Mandated Arranger


DEAL
COUNT

RANK

MKT

SHARE

SHARE

CHG (%)

Banco Bilbao Vizcaya Argentaria

7.8

2,360

14

4.6

3.2

Mitsubishi UFJ Financial

7.5

2,292

15

6.6

0.9

HSBC Bank PLC

6.4

1,947

11

13

3.9

2.5

Banco Santander SA

6.2

1,881

10

4.6

1.6

Citi

5.3

1,608

12.4

(7.1)

Sumitomo Mitsui Financial Group Inc

4.9

1,504

5.3

(0.4)

JP Morgan

4.8

1,447

15

3.0

1.8

Banco Nacional de Desen Economico e Soci

4.5

1,358

BNP Paribas Group

4.0

1,205

17

1.9

2.1

Bank of America Merrill Lynch

10

3.6

1,105

10

4.4

(0.8)

ING Groep NV

11

3.0

923

10

12

4.1

(1.1)

RBS

12

2.9

891

20

1.2

1.7

Banco Itau BBA SA

13

2.7

831

6.2

(3.5)

Mizuho Financial Group Inc

14

2.5

761

4.7

(2.2)

Caixa Economica Federal

15

2.2

658

Servizi Assicurativi del Commercio Ester

16

2.0

600

Scotiabank

17

1.5

468

18

1.7

(0.2)

Credit Agricole CIB

18

1.5

453

11

4.3

(2.8)

International Finance Corp

19

1.3

390

Bradesco BBI SA

20

1.2
100%

365
30,401

22
2
54 25,742

1.1

0.1

100%

Total:

LEAG <GO>

LREP <GO>

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

16.96%
18.06%
3.24%
37.65%
22.67%
1.41%
100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
13,000

26

12,000

24

11,000

22

10,000

20

9,000

18

8,000

16

7,000

14

6,000

12

5,000

10

4,000

8
20
1
Q 1
1

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

20
1
Q 2
3

VOLUME
USD (Mln)

20
1
Q 2
2

MKT
SHARE

20
1
Q 2
1

RANK

INDUSTRY BREAKDOWN

MKT

20
1
Q 1
4

FIRM

2011

20
1
Q 1
3

2012

9/30/12

20
1
Q 1
2

1/1/12

LREP <GO>
5

Bloomberg
Underwriter League Tables

Latin America Loans Book Runner


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

International Finance Corp

10.2

1,810

Inter-American Development Bank

8.7

1,550

HSBC Bank PLC

8.5

1,516

10

8.5

Mitsubishi UFJ Financial

8.3

1,473

6.9

1.4

Mizuho Financial Group Inc

6.2

1,111

7.1

(0.9)

Citi

5.5

987

11

6.1

(0.6)

Banco Santander SA

5.2

928

7.6

(2.4)

Banco Itau BBA SA

4.7

831

10

5.2

(0.5)

Sumitomo Mitsui Financial Group Inc

4.4

783

15

2.8

1.6

ING Groep NV

10

3.8

684

12

4.5

(0.7)

Banco Bilbao Vizcaya Argentaria

11

3.6

643

5.4

(1.8)

Credit Agricole CIB

12

3.1

553

6.6

(3.5)

BNP Paribas Group

13

2.6

459

17

1.8

0.8

Bank of America Merrill Lynch

14

2.2

400

11

4.9

(2.7)

Morgan Stanley

15

2.0

354

Standard Chartered PLC

16

1.9

336

16

2.7

Bradesco BBI SA

17

1.9

331

JP Morgan

18

1.8

324

WestLB AG

19

1.8

317

Rabobank Nederland

20

1.7
100%

300
17,791

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm
Total:

100.00%

QUARTERLY VOLUME

USD (Mln) / #Deals

(0.8)
11,000

35

0.1

1.8

6.8

(5.0)

21

0.8

1.0

8,000

28
1
46 23,204

0.2

1.5

7,000

100%

34.33%
20.65%
7.17%
15.66%
19.78%
2.41%

20

10,000
18

9,000

16

6,000

14

5,000
4,000

12

3,000

LEAG <GO>

LREP <GO>

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

20
1
Q 2
3

20
1
Q 2
2

20
1
Q 2
1

20
1
Q 1
4

20
1
Q 1
3

20
1
Q 1
2

10
20
1
Q 1
1

2,000

LREP <GO>
6

Bloomberg
Underwriter League Tables

EMEA Loans Mandated Arranger


-

1/1/12

2012

9/30/12

FIRM

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

RBS

5.1

26,277

170

4.6

Deutsche Bank AG

4.8

24,639

142

4.5

0.3

BNP Paribas Group

4.7

24,320

184

6.2

(1.5)

HSBC Bank PLC

4.7

24,181

196

4.4

0.3

Societe Generale

3.8

19,666

137

3.9

(0.1)

JP Morgan

3.4

17,677

100

12

3.1

0.3

Credit Agricole CIB

3.4

17,646

115

4.7

(1.3)

Barclays

3.3

17,272

136

3.5

(0.2)

Citi

3.1

15,870

118

3.4

(0.3)

UniCredit

10

3.1

15,819

129

10

3.2

(0.1)

Commerzbank AG

11

2.8

14,469

130

11

3.2

(0.4)

Banco Santander SA

12

2.7

14,096

72

19

2.0

0.7

ING Groep NV

13

2.6

13,637

127

3.5

(0.9)

Banco Bilbao Vizcaya Argentaria

14

2.5

12,834

80

20

1.6

0.9

Lloyds TSB Corporate Markets

15

2.3

11,856

115

18

2.0

0.3

Mitsubishi UFJ Financial

16

2.3

11,747

77

15

2.1

0.2

Bank of America Merrill Lynch

17

2.0

10,563

69

13

2.6

(0.6)

La Caixa

18

1.8

9,507

50

41

0.5

1.3

Natixis

19

1.7

8,642

79

14

2.4

(0.7)

Mizuho Financial Group Inc

20

1.6
100%

8,393
515,610

26
59
781 860,234

1.3

0.3

TOTAL

0.5

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

9.42%
27.98%
16.08%
7.94%
14.83%
13.89%
9.86%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
320,000

480
440

280,000

400
240,000

360

200,000

100%

Includes all eligible European, Middle Eastern and African loans. Volume in USD millions.

320
280

160,000

240
120,000

200

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

160
Q
1

80,000

LREP <GO>
7

Bloomberg
Underwriter League Tables

EMEA Loans Book Runner


-

1/1/12

2012

9/30/12

FIRM

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Deutsche Bank AG

6.5

27,885

106

5.0

1.5

BNP Paribas Group

5.6

24,149

129

7.9

(2.3)

RBS

4.8

20,888

91

4.8

JP Morgan

4.7

20,084

69

14

3.0

1.7

Citi

4.2

18,043

83

4.4

(0.2)

Credit Agricole CIB

4.1

17,780

76

6.1

(2.0)

Societe Generale

4.1

17,639

77

5.5

(1.4)

HSBC Bank PLC

3.8

16,324

96

5.1

(1.3)

UniCredit

3.6

15,383

83

11

3.5

0.1

Banco Santander SA

10

3.5

15,199

44

20

1.6

1.9

Barclays

11

3.4

14,618

73

4.0

(0.6)

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

Commerzbank AG

12

3.2

13,893

95

3.7

(0.5)

Total:

Banco Bilbao Vizcaya Argentaria

13

3.2

13,790

48

21

1.5

1.7

ING Groep NV

14

2.8

12,052

75

10

3.7

(0.9)

Bank of America Merrill Lynch

15

2.6

11,352

46

13

3.1

(0.5)

La Caixa

16

2.3

10,081

27

40

0.4

1.9

Bankia SA

17

2.2

9,325

18

50

0.2

2.0

Lloyds TSB Corporate Markets

18

2.0

8,702

54

15

2.1

(0.1)

Mitsubishi UFJ Financial

19

2.0

8,523

45

16

2.1

(0.1)

Instituto de Credito Oficial

20

67

0.1

1.8

TOTAL

1.9
100%

8,120
430,809

6
536 724,969

11.22%
30.41%
14.36%
9.10%
12.59%
11.73%
10.59%
100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
280,000

360

320

240,000

280
200,000
240

100%

160,000

Includes all eligible European, Middle Eastern and African loans. Volume in USD millions.

200
120,000

160

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

120
Q
1

80,000

LREP <GO>
8

Bloomberg
Underwriter League Tables

EMEA High Yield Loans Mandated Arranger


1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Deutsche Bank AG

9.4

7,371

30

7.4

2.0

RBS

8.2

6,438

29

12

2.7

5.5

JP Morgan

5.4

4,213

25

3.6

1.8

BNP Paribas Group

4.9

3,860

28

6.3

(1.4)

Goldman Sachs & Co

4.9

3,836

20

3.2

1.7

HSBC Bank PLC

4.6

3,648

30

3.4

1.2

Nomura Holdings Inc

4.4

3,471

10

32

0.8

3.6

UniCredit

4.2

3,273

18

5.0

(0.8)

Commerzbank AG

3.2

2,547

14

15

2.3

0.9

Barclays

10

2.7

2,128

24

13

2.6

0.1

Lloyds TSB Corporate Markets

11

2.4

1,914

25

20

1.5

0.9

Credit Agricole CIB

12

2.4

1,905

14

4.1

(1.7)

Landesbank Baden-Wuerttemberg

13

2.4

1,868

51

0.4

2.0

Credit Suisse

14

2.3

1,789

15

18

2.0

0.3

Morgan Stanley

15

2.2

1,739

13

5.4

(3.2)

Citi

16

2.2

1,710

19

16

2.3

(0.1)

ING Groep NV

17

2.2

1,690

24

3.4

(1.2)

Natixis

18

2.0

1,533

13

17

2.2

(0.2)

Societe Generale

19

1.9

1,523

18

10

3.0

(1.1)

Bank of America Merrill Lynch

20

1.9
100%

1,471
78,514

14
13
138 160,679

2.5

(0.6)

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

7.38%
52.49%
5.30%
17.69%
3.27%
13.86%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
60,000

120

50,000

100

40,000
80
30,000

100%

60

Includes all eligible European, Middle Eastern and African High Yield loans (spread of 300bp or more). Loans must be rated less than investment grade

20,000

by at least one rating agency or not rated at all. Volume in USD millions.

40

10,000

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

20
Q
1

LREP <GO>
9

Bloomberg
Underwriter League Tables

EMEA High Yield Loans Book Runner


1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Deutsche Bank AG

11.2

7,933

26

8.8

2.4

Nomura Holdings Inc

8.4

5,943

10

23

0.9

7.5

JP Morgan

7.2

5,114

21

10

3.6

3.6

RBS

6.1

4,327

12

18

2.0

4.1

BNP Paribas Group

5.6

4,005

20

6.9

(1.3)

Goldman Sachs & Co

5.4

3,799

16

3.9

1.5

HSBC Bank PLC

4.7

3,348

17

3.9

0.8

UniCredit

4.3

3,081

12

6.0

(1.7)

Barclays

3.1

2,220

16

3.8

(0.7)

Commerzbank AG

10

3.0

2,127

19

1.5

1.5

Credit Suisse

11

2.7

1,912

13

15

3.2

(0.5)

Citi

12

2.5

1,749

15

16

2.8

(0.3)

Morgan Stanley

13

2.3

1,631

10

6.3

(4.0)

UBS

14

2.2

1,591

11

17

2.5

(0.3)

Bank of America Merrill Lynch

15

2.2

1,560

10

13

3.4

(1.2)

Landesbank Baden-Wuerttemberg

16

2.2

1,556

36

0.5

1.7

Credit Agricole CIB

17

2.1

1,494

5.1

(3.0)

Lloyds TSB Corporate Markets

18

2.0

1,448

21

1.2

0.8

ING Groep NV

19

1.7

1,238

13

12

3.5

(1.8)

Societe Generale

20

11

4.5

(2.9)

101 140,989

100%

TOTAL

1.6
100%

1,144
70,966

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

9.49%
55.81%
4.27%
12.16%
2.93%
15.34%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
60,000

80
70

50,000

60

40,000

50
30,000
40

Includes all eligible European, Middle Eastern and African High Yield loans (spread of 300bp or more). Loans must be rated less than investment grade

20,000

30

by at least one rating agency or not rated at all. Volume in USD millions.
10,000

20

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

10
Q
1

LREP <GO>
10

Bloomberg
Underwriter League Tables

EMEA Sponsor-led Lev Loans Mandated Arranger


2012

9/30/12
MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

MKT

SHARE

SHARE

CHG (%)

RBS

10.4

3,791

15

14

2.7

7.7

Nomura Holdings Inc

9.2

3,377

22

1.2

8.0

Goldman Sachs & Co

6.1

2,246

4.0

2.1

Lloyds TSB Corporate Markets

4.9

1,801

22

18

1.7

3.2

Deutsche Bank AG

4.7

1,710

12

9.0

(4.3)

Credit Agricole CIB

4.3

1,578

10

4.6

(0.3)

JP Morgan

3.8

1,375

11

4.3

(0.5)

HSBC Bank PLC

3.6

1,306

17

11

3.4

0.2

Natixis

3.6

1,299

16

1.8

1.8

UniCredit

10

3.2

1,160

13

5.8

(2.6)

UBS

11

3.1

1,149

12

3.1

Barclays

12

2.9

1,063

17

1.8

1.1

Credit Suisse

13

2.9

1,060

26

1.0

1.9

Morgan Stanley

14

2.9

1,054

6.9

(4.0)

Jefferies Group Inc

15

2.9

1,048

BNP Paribas Group

16

2.6

938

13

5.8

Citi

17

877

11

RBC Capital Markets

18

2.1

778

27

0.9

1.2

ING Groep NV

19

2.1

756

12

3.9

(1.8)

Commerzbank AG

20

1.8
100%

645
36,567

15
9
75 70,151

2.6

(0.8)

30

0.8

USD (Mln) / #Deals

(3.2)
32,000

45

28,000

40
35

24,000

30

20,000

25
16,000

100%

20
12,000

Includes all eligible sponsor-led leveraged loans where the loan purpose is an acquisition, LBO, MBO or Recapitalization and the initial spread is 250
basis points or more above the applicable benchmark. Volume in USD millions.

15

8,000

10

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

LREP <GO>

Q
4

0
Q
3

0
Q
1

4,000

20

LEAG <GO>

100.00%

QUARTERLY VOLUME

1.6

62.61%
7.56%
10.09%
2.54%
17.20%

Total:

Q
2

TOTAL

2.4

Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

09

RANK

INDUSTRY BREAKDOWN

MKT

20

FIRM

2011

09

20

1/1/12

LREP <GO>
11

Bloomberg
Underwriter League Tables

EMEA Sponsor-led Leveraged Loans Book Runner


1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Nomura Holdings Inc

18.8

5,850

16

2.4

16.4

Goldman Sachs & Co

7.5

2,320

4.6

2.9

RBS

6.3

1,957

15

2.5

3.8

Deutsche Bank AG

5.4

1,680

11

11.0

(5.6)

Lloyds TSB Corporate Markets

4.6

1,418

18

2.2

2.4

Credit Agricole CIB

4.3

1,348

5.6

(1.3)

JP Morgan

4.1

1,276

14

2.6

1.5

UBS

3.7

1,149

4.5

(0.8)

BNP Paribas Group

3.6

1,130

6.5

(2.9)

Morgan Stanley

10

3.5

1,098

7.3

(3.8)

Barclays

11

3.4

1,058

12

3.5

(0.1)

UniCredit

12

3.3

1,028

7.4

(4.1)

Credit Suisse

13

3.3

1,022

20

2.1

1.2

Jefferies Group Inc

14

3.1

955

HSBC Bank PLC

15

2.9

901

11

3.6

(0.7)

Citi

16

2.9

891

24

1.0

1.9

ING Groep NV

17

2.1

654

10

3.9

(1.8)

RBC Capital Markets

18

1.9

582

23

1.1

0.8

Bank of America Merrill Lynch

19

1.5

455

17

2.3

(0.8)

Commerzbank AG

20

19

2.1

(0.7)

TOTAL

1.4
100%

433
31,103

52 55,033

Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

69.47%
3.75%
5.84%
1.67%
19.27%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
24,000

35
30

20,000

25

16,000

20
12,000

100%

15

Includes all eligible sponsor-led leveraged loans where the loan purpose is an acquisition, LBO, MBO or Recapitalization and the initial spread is 250

8,000

10

basis points or more above the applicable benchmark. Volume in USD millions.
4,000

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

0
Q
1

LREP <GO>
12

Bloomberg
Underwriter League Tables

EMEA Investment Grade Loans Mandated Arranger


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Banco Santander SA

5.3

9,730

16

13

2.9

Barclays

4.8

8,873

37

4.2

0.6

BNP Paribas Group

4.6

8,551

34

6.2

(1.6)

Banco Bilbao Vizcaya Argentaria

4.5

8,282

12

21

1.8

2.7

Citi

4.5

8,241

42

5.3

(0.8)

HSBC Bank PLC

4.4

8,147

43

4.8

(0.4)

RBS

4.4

8,141

39

5.6

(1.2)

Societe Generale

3.9

7,239

33

4.8

(0.9)

Deutsche Bank AG

3.9

7,201

29

5.1

(1.2)

La Caixa

10

3.7

6,890

49

0.2

3.5

Banco Popular Espanol SA

11

3.6

6,727

80

3.6

Bankia SA

12

3.5

6,561

Instituto de Credito Oficial

12

3.5

6,561

JP Morgan

14

3.4

6,323

32

4.5

(1.1)

Bank of America Merrill Lynch

15

3.4

6,223

26

11

3.3

0.1

Mitsubishi UFJ Financial

16

3.3

6,062

35

10

3.4

(0.1)

Credit Agricole CIB

17

2.3

4,345

22

3.8

Mizuho Financial Group Inc

18

2.3

4,201

24

16

2.3

Sumitomo Mitsui Financial Group Inc

19

2.3

4,168

20

19

2.2

0.1

100,000

UniCredit

20

2.1
100%

3,808
184,911

17
22
84 283,223

2.3

(0.2)

80,000

45

60,000

40

TOTAL

2.4

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

12.53%
20.14%
14.72%
21.25%
6.56%
14.66%
10.13%

Total:

100.00%

(1.5)

100%

Includes all eligible EMEA Investment Grade loans where the initial spread is less than 350 basis points above the applicable benchmark. Volume in USD

QUARTERLY VOLUME
USD (Mln) / #Deals
140,000

65
60

120,000

55
50

35

40,000

millions.

30
20,000

25

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

20
Q
1

LREP <GO>
13

Bloomberg
Underwriter League Tables

EMEA Investment Grade Loans Book Runner


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Citi

6.3

11,151

30

6.6

(0.3)

Banco Santander SA

6.3

11,135

13

14

3.0

3.3

Deutsche Bank AG

5.5

9,692

21

4.6

0.9

BNP Paribas Group

5.4

9,443

27

7.8

(2.4)

Banco Bilbao Vizcaya Argentaria

5.3

9,248

17

1.9

3.4

La Caixa

4.6

8,097

43

0.2

4.4

Barclays

4.5

7,992

26

4.6

(0.1)

Instituto de Credito Oficial

4.5

7,879

RBS

4.4

7,792

29

5.9

Bankia SA

10

4.3

7,630

Bank of America Merrill Lynch

11

4.2

7,412

19

10

3.9

0.3

Societe Generale

12

4.1

7,255

23

6.7

(2.6)

JP Morgan

13

3.9

6,840

22

4.1

(0.2)

HSBC Bank PLC

14

3.7

6,534

26

6.3

(2.6)

Morgan Stanley

15

3.3

5,762

20

1.6

1.7

Mitsubishi UFJ Financial

16

2.9

5,106

23

11

3.9

(1.0)

UniCredit

17

2.3

4,073

18

19

1.7

0.6

ING Groep NV

18

2.2

3,802

13

15

3.0

(0.8)

Credit Agricole CIB

19

2.1

3,749

16

5.4

(3.3)

Commerzbank AG

20

1.9
100%

3,344
175,871

13
13
65 267,813

3.5

(1.6)

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

(1.5)

13.00%
20.59%
13.59%
21.85%
6.51%
13.80%
10.65%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
120,000

55
50

100,000

45
80,000

40

60,000

100%

Includes all eligible EMEA Investment Grade loans where the initial spread is less than 350 basis points above the applicable benchmark. Volume in USD

35
30

40,000

millions.

25
20,000

20

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

15
Q
1

LREP <GO>
14

Bloomberg
Underwriter League Tables

EMEA Islamic Loans Mandated Arranger


MKT

SHARE

SHARE

CHG (%)

HSBC Bank PLC

18.3

2,089

10.5

7.8

Banque Saudi Fransi

10.3

1,167

3.9

6.4

Al-Rajhi Banking & Investment Corp

10.1

1,150

39

0.4

9.7

Kingdom of Saudi Arabia

8.5

972

17

2.2

6.3

Riyad Bank

8.1

927

13

3.0

5.1

Samba Capital

7.3

833

9.7

(2.4)

Saudi Hollandi Bank

6.9

784

Noor Islamic Bank

4.5

512

4.7

(0.2)

Arab National Bank

3.4

393

4.5

(1.1)

Emirates NBD PJSC

10

3.4

387

7.5

(4.1)

Alinma Bank

11

3.0

339

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

Bank Al-Jazira

11

3.0

339

Total:

Arab Banking Corp

13

2.0

229

11

3.3

(1.3)

Standard Chartered PLC

13

2.0

229

5.0

(3.0)

Bank Albilad

15

1.7

190

Dubai Islamic Bank

16

1.5

171

14

2.7

Citi

17

1.5

166

10

3.8

(2.3)

National Bank of Abu Dhabi

18

0.9

103

12

3.2

(2.3)

Deutsche Bank AG

19

0.8

91

24

1.1

(0.3)

Al Hilal Bank

20

USD (Mln) / #Deals


6,000

12

5,000

10

4,000

3,000

2,000

1,000

LEAG <GO>

LREP <GO>

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

Q
2

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

11

20

10

20

10

20

10

20

10

20

09

20

20

09

Q
1

Includes all eligible European, Middle Eastern and African loans. Volume in USD millions.

09

100%

Q
2

20

1
17 6,037

100.00%

(1.2)

09

76
11,386

11.76%
1.41%
29.87%
8.26%
10.34%
14.95%
23.42%

QUARTERLY VOLUME

20

TOTAL

0.7
100%

20

RANK

Q
3

DEAL
COUNT

11

VOLUME
USD (Mln)

20

MKT
SHARE

RANK

INDUSTRY BREAKDOWN

MKT

11

FIRM

2011

20

2012

9/30/12

20

1/1/12

LREP <GO>
15

Bloomberg
Underwriter League Tables

EMEA Islamic Loans Book Runner


-

1/1/12

2012

9/30/12

FIRM

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

Noor Islamic Bank

24.8

512

4.2

20.6

Emirates NBD PJSC

18.7

387

19.4

(0.7)

Arab Banking Corp

11.1

229

5.6

5.5

Standard Chartered PLC

11.1

229

8.9

2.2

Dubai Islamic Bank

8.3

171

12

1.8

6.5

National Bank of Abu Dhabi

6.8

140

11

2.0

4.8

HSBC Bank PLC

4.2

87

7.8

(3.6)

Al Hilal Bank

3.7

76

Bank Islam Brunei Darussalam

3.7

76

Citi

10

3.6

75

16.3

Qinvest Investment Banking

11

2.4

50

1.8

37
2,068

12

Barwa Bank

TOTAL

100%

1
8 3,907

Financial 100.00%
Total:

100.00%

(12.7)

100%

Includes all eligible European, Middle Eastern and African loans. Volume in USD millions.

QUARTERLY VOLUME
USD (Mln) / #Deals
4,000

3,500
5

3,000
2,500

2,000
3

1,500
1,000

500

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

1
Q
1

LREP <GO>
16

Bloomberg
Underwriter League Tables

Western Europe Loans Mandated Arranger


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

RBS

5.6

25,092

160

4.8

Deutsche Bank AG

5.3

23,512

128

4.8

0.5

BNP Paribas Group

4.8

21,355

158

6.2

(1.4)

HSBC Bank PLC

4.4

19,777

162

4.6

(0.2)

Societe Generale

3.9

17,630

113

4.1

(0.2)

Credit Agricole CIB

3.7

16,673

107

5.0

(1.3)

JP Morgan

3.7

16,422

86

11

3.2

0.5

Barclays

3.4

15,275

116

3.7

(0.3)

UniCredit

3.2

14,448

109

12

3.0

0.2

Banco Santander SA

10

3.1

14,096

72

16

2.3

0.8

Commerzbank AG

11

3.0

13,318

112

3.2

(0.2)

Banco Bilbao Vizcaya Argentaria

12

2.9

12,770

79

20

1.8

1.1

Citi

13

2.8

12,657

84

10

3.2

(0.4)

Lloyds TSB Corporate Markets

14

2.6

11,713

113

15

2.4

0.2

ING Groep NV

15

2.5

11,183

94

3.3

(0.8)

Mitsubishi UFJ Financial

16

2.2

9,978

56

19

1.9

0.3

Bank of America Merrill Lynch

17

2.2

9,780

59

13

2.8

(0.6)

La Caixa

18

2.1

9,507

50

41

0.6

1.5

Bankia SA

19

1.8

8,030

24

45

0.4

1.4

Natixis

20

14

2.4

(0.6)

TOTAL

1.8
100%

7,869
447,610

69
642 730,492

0.8

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

9.45%
30.77%
13.68%
8.56%
16.31%
11.61%
9.63%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
280,000

400

360

240,000

320
200,000
280

100%

160,000
240
120,000

200

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

160
Q
1

80,000

LREP <GO>
17

Bloomberg
Underwriter League Tables

Western Europe Loans Book Runner


MKT

SHARE

SHARE

CHG (%)

Deutsche Bank AG

6.8

27,258

101

5.1

1.7

BNP Paribas Group

5.4

21,578

114

7.9

(2.5)

RBS

5.0

20,001

86

4.9

0.1

JP Morgan

4.9

19,582

66

14

3.1

1.8

Credit Agricole CIB

4.3

17,147

72

6.2

(1.9)

Societe Generale

4.0

15,851

69

5.7

(1.7)

Citi

4.0

15,841

65

4.0

Banco Santander SA

3.8

15,199

44

18

1.9

1.9

HSBC Bank PLC

3.7

14,947

86

5.4

(1.7)

UniCredit

10

3.5

14,094

72

13

3.3

0.2

Banco Bilbao Vizcaya Argentaria

11

3.5

13,790

48

20

1.8

1.7

Commerzbank AG

12

3.4

13,583

88

4.0

(0.6)

Barclays

13

3.4

13,506

67

3.9

(0.5)

ING Groep NV

14

2.8

11,255

61

11

3.7

(0.9)

Bank of America Merrill Lynch

15

2.7

10,669

41

12

3.4

(0.7)

La Caixa

16

2.5

10,081

27

39

0.4

2.1

Bankia SA

17

2.3

9,325

18

45

0.2

2.1

Lloyds TSB Corporate Markets

18

2.2

8,702

54

15

2.4

(0.2)

Instituto de Credito Oficial

19

2.0

8,120

59

0.1

Morgan Stanley

20

1.9
100%

7,749
398,853

16
20
460 627,450

2.1

USD (Mln) / #Deals

100

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

12

12

20

12

20

11

20

11

20

11

20

20

11

20

10

20

10

20

10

09

20

Q
3

120

60,000
Q
2

140

80,000

Q
1

160

100,000

Q
4

180

120,000

Q
3

200

140,000

100%

Q
2

160,000

Q
1

220

(0.2)

Q
4

180,000

Q
3

240

1.9

Q
2

260

200,000

Q
1

280

220,000

Q
4

240,000

09

LREP <GO>

100.00%

QUARTERLY VOLUME

20

LEAG <GO>

11.04%
32.28%
12.38%
9.61%
13.40%
11.06%
10.25%

Total:

Q
1

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

20

RANK

Q
3

DEAL
COUNT

10

VOLUME
USD (Mln)

20

MKT
SHARE

Q
2

RANK

INDUSTRY BREAKDOWN

MKT

09

FIRM

2011

20

2012

9/30/12

09

20

1/1/12

LREP <GO>
18

Bloomberg
Underwriter League Tables

Asia ex-Japan Loans Mandated Arranger


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

State Bank of India

8.8

15,612

47

12.3

(3.5)

Bank of China

4.7

8,382

84

6.0

(1.3)

HSBC Bank PLC

3.6

6,472

90

4.6

(1.0)

Standard Chartered PLC

3.6

6,381

89

4.0

(0.4)

Sumitomo Mitsui Financial Group Inc

3.4

6,072

71

3.7

(0.3)

DBS Group Holdings Ltd

3.3

5,948

67

2.7

0.6

Maybank

3.3

5,884

36

18

1.3

2.0

Korea Development Bank

3.2

5,714

44

16

1.6

1.6

KB Financial Group

3.2

5,622

30

37

0.8

2.4

Oversea-Chinese Banking Corp

10

3.2

5,616

48

10

2.4

0.8

Mitsubishi UFJ Financial

11

2.6

4,580

56

2.6

United Overseas Bank

12

2.5

4,465

48

12

2.1

0.4

Axis Bank Ltd

13

2.1

3,683

19

3.2

(1.1)

Mizuho Financial Group Inc

14

2.0

3,487

58

11

2.2

(0.2)

Bank of Taiwan

15

1.9

3,404

54

39

0.8

1.1

ANZ Banking Group

16

1.8

3,228

43

15

1.8

IDBI Bank Ltd

17

1.8

3,147

13

2.6

(0.8)

China Development Bank

18

1.7

3,060

10

42

0.7

1.0

CIMB

19

1.5

2,748

22

34

0.8

0.7

Mega Financial Holding Co Ltd

20

47

17

1.4

695 261,486

100%

TOTAL

1.4
100%

2,476
177,716

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

8.92%
17.36%
29.99%
19.13%
16.83%
7.76%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
90,000

360
320

80,000

280

70,000

240
60,000
200

Includes all eligible loans from Asia Pacific excluding Japan, Australia, and New Zealand. Volume in USD millions.

50,000

160

40,000

120

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

80
Q
1

30,000

LREP <GO>
19

Bloomberg
Underwriter League Tables

Asia ex-Japan Loans Book Runner


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

State Bank of India

9.3

10,646

21

13.1

(3.8)

Bank of China

5.5

6,228

30

6.4

(0.9)

HSBC Bank PLC

4.7

5,394

43

4.7

Standard Chartered PLC

4.5

5,098

45

4.2

0.3

KB Financial Group

4.3

4,958

16

54

0.4

3.9

Korea Development Bank

4.0

4,579

22

17

1.5

2.5

Bank of Taiwan

3.7

4,221

47

23

1.3

2.4

Axis Bank Ltd

3.3

3,727

18

3.5

(0.2)

Sumitomo Mitsui Financial Group Inc

2.8

3,206

23

2.8

DBS Group Holdings Ltd

10

2.7

3,035

28

3.1

(0.4)

IDBI Bank Ltd

11

2.7

3,033

11

4.4

(1.7)

Woori Finance Holdings Co Ltd

12

2.0

2,325

10

43

0.5

1.5

Taiwan Cooperative Bank

13

1.9

2,197

45

14

1.9

Mega Financial Holding Co Ltd

14

1.9

2,192

32

13

2.3

(0.4)

Oversea-Chinese Banking Corp

15

1.8

2,073

13

21

1.4

0.4

United Overseas Bank

16

1.7

1,949

17

27

1.1

0.6

Mizuho Financial Group Inc

17

1.7

1,931

26

16

1.7

China Development Bank

18

1.6

1,801

32

0.9

0.7

Shinhan Financial Group Co Ltd

19

1.5

1,755

11

37

0.8

0.7

50,000

ANZ Banking Group

20

1.5
100%

1,736
114,123

12
20
421 178,116

2.3

(0.8)

45,000

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

9.63%
19.32%
31.78%
19.28%
10.61%
9.38%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
65,000

220

60,000

200

55,000

180
160
140

100%

40,000

Includes all eligible loans from Asia Pacific excluding Japan, Australia, and New Zealand. Volume in USD millions.

120

35,000

100

30,000

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
3

60
Q
2

80

20,000
Q
1

25,000

LREP <GO>
20

Bloomberg
Underwriter League Tables

Asia-Pac ex-Japan Loans Mandated Arranger


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

State Bank of India

6.7

15,612

47

9.3

ANZ Banking Group

6.0

14,066

138

5.6

0.4

Bank of China

3.9

9,022

88

4.8

(0.9)

National Australia Bank Ltd

3.7

8,585

74

4.5

(0.8)

HSBC Bank PLC

3.6

8,415

112

4.2

(0.6)

Westpac Banking

3.6

8,345

81

3.5

0.1

Sumitomo Mitsui Financial Group Inc

3.4

7,918

85

3.5

(0.1)

Commonwealth Bank Australia

3.2

7,506

68

3.4

(0.2)

Mitsubishi UFJ Financial

3.0

6,950

75

10

2.4

0.6

Standard Chartered PLC

10

2.9

6,728

93

3.1

(0.2)

DBS Group Holdings Ltd

11

2.6

6,140

68

12

2.3

0.3

Oversea-Chinese Banking Corp

12

2.6

6,003

52

16

1.9

0.7

Maybank

13

2.5

5,884

36

25

1.0

1.5

Korea Development Bank

14

2.5

5,714

44

20

1.3

1.2

KB Financial Group

15

2.4

5,622

30

44

0.6

1.8

Mizuho Financial Group Inc

16

2.3

5,451

75

15

1.9

0.4

United Overseas Bank

17

1.9

4,535

49

17

1.7

0.2

Axis Bank Ltd

18

1.6

3,683

19

11

2.4

(0.8)

Bank of Taiwan

19

1.5

3,456

55

45

0.6

0.9

100,000

China Development Bank

20

1.4
100%

3,228
232,819

35
11
843 345,289

0.7

0.7

90,000

TOTAL

(2.6)

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

8.20%
19.02%
28.23%
18.96%
17.88%
7.70%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
130,000

440

120,000

400

110,000

360
320
280

100%

80,000

Includes all eligible loans from Asia Pacific excluding Japan. Volume in USD millions.

240

70,000

200

60,000

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
3

120
Q
2

160

40,000
Q
1

50,000

LREP <GO>
21

Bloomberg
Underwriter League Tables

Asia-Pac ex-Japan Loans Book Runner


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

State Bank of India

8.4

10,646

21

10.7

(2.3)

Bank of China

5.2

6,571

32

5.5

(0.3)

HSBC Bank PLC

4.3

5,418

44

4.1

0.2

ANZ Banking Group

4.2

5,411

36

6.8

(2.6)

Standard Chartered PLC

4.0

5,098

45

3.6

0.4

KB Financial Group

3.9

4,958

16

58

0.3

3.6

Korea Development Bank

3.6

4,579

22

20

1.4

2.2

Bank of Taiwan

3.3

4,221

47

27

1.1

2.2

National Australia Bank Ltd

3.1

3,944

14

4.7

(1.6)

Axis Bank Ltd

10

2.9

3,727

18

2.9

Sumitomo Mitsui Financial Group Inc

11

2.5

3,206

23

10

2.6

(0.1)

DBS Group Holdings Ltd

12

2.4

3,035

28

2.9

(0.5)

IDBI Bank Ltd

13

2.4

3,033

11

3.6

(1.2)

Woori Finance Holdings Co Ltd

14

1.8

2,325

10

51

0.4

1.4

Mizuho Financial Group Inc

15

1.8

2,242

28

19

1.5

0.3

Taiwan Cooperative Bank

16

1.7

2,197

45

18

1.5

0.2

Mega Financial Holding Co Ltd

17

1.7

2,192

32

15

1.9

(0.2)

Westpac Banking

18

1.7

2,157

15

13

2.2

(0.5)

Citi

19

1.7

2,129

20

12

2.5

(0.8)

Oversea-Chinese Banking Corp

20

1.6
100%

2,073
127,336

24
13
456 218,061

1.1

0.5

TOTAL

Basic Materials
Consumer Prod/Svcs
Financial
Industrial
Oil/Gas/Elect
Tech/Comm

10.20%
19.01%
30.68%
20.05%
10.83%
9.22%

Total:

100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
90,000

260
240

80,000
220
70,000

200
180

60,000

100%

160

Includes all eligible loans from Asia Pacific excluding Japan. Volume in USD millions.

50,000

140
120

40,000
100

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

80
Q
1

30,000

LREP <GO>
22

Bloomberg
Underwriter League Tables

Australia/NZ Loans Mandated Arranger


-

1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

ANZ Banking Group

19.8

10,839

95

17.6

2.2

National Australia Bank Ltd

15.2

8,340

70

17.8

(2.6)

Westpac Banking

14.6

7,988

75

13.4

1.2

Commonwealth Bank Australia

12.6

6,884

58

13.5

(0.9)

Mitsubishi UFJ Financial

4.3

2,370

19

1.8

2.5

Mizuho Financial Group Inc

3.6

1,963

17

15

1.2

2.4

HSBC Bank PLC

3.5

1,943

22

3.0

0.5

Sumitomo Mitsui Financial Group Inc

3.4

1,846

14

2.8

0.6

Lloyds TSB Corporate Markets

1.7

940

10

10

1.7

Bank of China

10

1.2

640

20

0.9

0.3

JP Morgan

11

1.2

637

11

1.6

(0.4)

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

Bank of America Merrill Lynch

12

1.1

621

1.9

(0.8)

Total:

Citi

13

1.1

613

2.8

(1.7)

Credit Agricole CIB

14

1.1

591

16

1.1

RBC Capital Markets

15

0.8

452

45

0.2

0.6

Barclays

16

0.7

406

40

0.2

0.5

Export Development Canada

17

0.7

394

49

0.1

0.6

Oversea-Chinese Banking Corp

18

0.7

387

36

0.3

0.4

Sumitomo Mitsui Trust Holdings Inc

19

0.7

368

Standard Chartered PLC

20

29

0.4

0.2

TOTAL

0.6
100%

346
54,787

146 83,499

100%

Includes all eligible syndicated loans in Australia and New Zealand. Includes both domestic & foreign currencies. Volume in USD millions.

5.79%
24.21%
22.30%
1.48%
17.65%
21.12%
7.43%
100.00%

QUARTERLY VOLUME
USD (Mln) / #Deals
50,000

90

45,000

80

40,000
70

35,000
30,000

60

25,000

50

20,000

40

15,000
30

10,000

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
3

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
2

20
Q
1

5,000

LREP <GO>
23

Bloomberg
Underwriter League Tables

Australia/NZ Loans Book Runner


1/1/12

2012

9/30/12

FIRM

RANK

2011

MKT

VOLUME

DEAL

SHARE

USD (Mln)

COUNT

RANK

INDUSTRY BREAKDOWN

MKT

MKT

SHARE

SHARE

CHG (%)

National Australia Bank Ltd

29.1

3,682

12

24.4

4.7

ANZ Banking Group

29.0

3,675

16

27.0

2.0

Westpac Banking

14.5

1,835

12

11.5

3.0

Commonwealth Bank Australia

9.2

1,164

9.5

(0.3)

JP Morgan

4.0

503

10

1.4

2.6

Citi

3.9

491

21

0.7

3.2

Bank of China

2.7

343

11

1.3

1.4

Mizuho Financial Group Inc

2.4

310

29

0.4

2.0

RBC Capital Markets

2.0

247

13

1.1

0.9

China Development Bank

10

1.3

168

15

0.9

0.4

Lloyds TSB Corporate Markets

11

0.6

82

Basic Materials
Consumer Prod/Svcs
Financial
Government
Industrial
Oil/Gas/Elect
Tech/Comm

General Electric Capital Corp

12

0.3

40

Total:

Investec PLC

12

0.3

40

HSBC Bank PLC

14

0.2

24

1.8

(1.6)

Bank of America Merrill Lynch

15

0.1

17

20

0.8

(0.7)

Barclays

15

0.1

17

27

0.4

(0.3)

Wells Fargo & Co

15

17

TD Securities

18
TOTAL

0.1
0.1
100%

10
12,666

13
1
34 39,699

1.1

15.08%
15.87%
20.14%
6.42%
22.30%
12.60%
7.58%
100.00%

(1.0)

QUARTERLY VOLUME
USD (Mln) / #Deals
32,000

45

28,000

40
35

24,000

100%

30

20,000

Includes all eligible syndicated loans in Australia and New Zealand. Includes both domestic & foreign currencies. Volume in USD millions.

25
16,000
20
12,000

15

8,000

10

2012Bloomberg Finance L.P. All rights reserved.

LMX <GO>

LALT <GO>

LEAG <GO>

Q
3

Q
1

Q
2

12

12

20

Q
4

12

20

Q
3

11

20

Q
2

11

20

Q
4

Q
3

Q
2

Q
1

Q
4

Q
1

11

20

20

11

20

10

20

10

20

10

20

10

20

09

20

09

09

20

09

LREP <GO>

20

20

LEAG <GO>

Q
3

0
Q
2

0
Q
1

4,000

LREP <GO>
24

Bloomberg Syndicated Loans - League Criteria

General Guidelines
To be awarded credit within Bloombergs League tables, Bloomberg must be notified of the following information for all executed syndicated loan
transactions: borrower's name, parent company, agent, country of origin, industry, facility amount, tranche amount(s), tranche type(s), purpose, syndicate
list with titles, currency, capital structure rank, executed/funding date, maturity date and/or tenor. Credit is awarded as of the credit agreements execution
date, regardless of subsequent events related to the transaction, with the exception of Asia-Pacific transactions that are signed in senior syndication
(documentation required); credit is awarded ONLY on this date. NOTE: Any Asia-Pacific transactions signed in senior syndication and had already been
credited in or prior to 2011, would not be eligible for credit in 2012.
Regional and local tables are based upon the principal borrowers country of incorporation, with the exception of Bloombergs Asia-Pacific and Latin
American tables, which are based upon the principal borrowers country of risk.
Note: Any change to the final facility size or participant list will be retroactively credited on the execution date for the EMEA region.

Amendments / Amended and Restated Agreements


Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lenders option and not as a result of events
already built into the original credit agreement. Credit is awarded for the following structural changes only:
Maturity is extended for a period of 90 days or more. A limitation of one amended maturity update is allowed per loan, per year.
Credit is allocated on incremental basis for increases in deal size.
Reduction in pricing.
Full release of security.
Note: For Bloombergs Asia-Pacific ex-Japan tables, full credit is awarded to loans with a material change in financial covenants as a result of deteriorating
credit quality.

Eligible Roles and Credit Allocation


Full credit is awarded to the sole bank satisfying the highest of the titles as detailed below. Credit will be awarded equally among multiple banks that share
the highest title. There is no limit on the number of arranger or bookrunner titles on any syndicated loan. Multiple arrangers or bookrunners under the same
parent are considered as one bank.
Note: U.S./Canada underwriter tables are driven by the bookrunner(s). If there is no bookrunner(s) title given on a deal, all league credit is then awarded to
the bank(s) holding the highest arranger title.

Bookrunner Tables - Hierarchy


Asia-Pacific: bookrunner. Minimum of three participants are required for the bookrunner title to be awarded.
EMEA/Latin America: bookrunner.
U.S./Canada: bookrunner, joint book runner, book manager, joint book manager.
Arranger Tables - Hierarchy
Asia-Pacific/Latin America: mandated lead arranger, mandated arranger.
EMEA: mandated lead arranger.
U.S./Canada: lead arranger, co-lead arranger, arranger, co-arranger.
Agent Tables
Asia-Pacific/EMEA/Latin America: Full credit awarded to sole bank satisfying the title of facility agent.

Bloomberg Syndicated Loans - League Criteria

U.S./Canada: Equal credit allocated among banks given the title(s); administrative agent, co-administrative agent, syndication agent, co-syndication
agent, document agent, co-document agent.

Japan Tables
A new loan deemed substantially similar to the refinanced loan having the same purpose will only be credited once per year.
Asia-Pacific ex-Japan FRNs, Club Transactions and Self Arranged
Transactions defined as FRNs, club and self-arranged are eligible for Mandated Lead Arranger credit only.

Table Types
Investment Grade: All eligible transactions with investment grade ratings from each of the rating agencies (i.e. a rating of Aaa to Baa3 by Moodys and AAA
to BBB- by S&P).
Leverage US: 1) The borrower's senior debt has a non-investment grade rating by one or more rating agency (i.e. rating of Ba1 and below by Moodys or
BB+ and below by S&P), and the spread at close on the deal is greater than or equal to 225 basis points above LIBOR, or 2) the loan is not rated and the
spread at close is greater than or equal to 225 basis points above LIBOR.
High Yield EMEA: 1) The borrower's senior debt has no rating or a non-investment grade rating by one or more rating agencies (i.e. rating of Ba1 or lower
by Moody's or BB+ or lower by S&P), or 2) the purpose of the loan is defined as a management buyout (MBO) or leveraged buyout (LBO), or 3) spread is
greater than or equal to 300 basis points.
Sponsor-led: Eligible deals with LBO financing are sponsor-led and are eligible for the Bloombergs EMEA Sponsor-Led Leveraged Loans tables.

Exclusions

Bilateral transactions.
Loan guarantees, including but not limited to Letter of Guarantee, Performance Bond, CP Guarantee or Bank Guarantee.
Transactions with a maturity of less than 90 days.
Cancelled or withdrawn transactions that are not executed prior to the deals cancellation or withdrawal.

Full versions of Bloombergs League Tables Standards & Guidelines can be accessed on Bloomberg Professional:
{IDOC 2065648 <GO>}: Syndicated Loans
{IDOC 2016703 <GO>}: Fixed Income
{IDOC 2027097 <GO>}: Equity Linked
{IDOC 2021549 <GO>}: Legal Adviser Equity

{IDOC 2061504 <GO>}: Structured Note


{IDOC 2016701 <GO>}: Equity
{IDOC 2027014 <GO>}: Legal Adviser Fixed Income

Bloomberg L.P. Syndicated Loans League Tables represent transactions that are executed and for which Bloomberg has been notified. 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. Accuracy Claims & Inquiries: All League Table participants
have the right to examine the accuracy of League Table data as published on the Bloomberg Professional Service. All accuracy claims and inquiries must be
submitted in writing and with adequate explanation and documentation. Bloomberg will investigate all accuracy claims and inquiries in a timely manner, but cannot
assure completion of its investigation by the respective League Table deadline.

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