2007

A Record $76 Billion Year for the Syndicated Loan Market

Two weeks into 2007, and the results are in. According to the data Dealogic has compiled, last year was once again a record year for the shipping loan market, with syndicated debt providing $76 billion in capital to the industry as compared to $66 billion in 2005. Long a source of controversy, the results shown include syndicated loans that were secured by anything that floats, including floating rigs, cruise ships and tugs, as well as unsecured deals whose borrowers’ primary industry is shipping.

Not surprisingly, Scandinavian banks DnB NOR and Nordea have once again topped the list, with both banks winning over $13 billion in bookrunning credit, while DnB NOR had $12.5 billion in mandated arranger credit versus Nordea’s $11.7 billion. BNP Paribas has made a significant leap up to third on both lists, with over $5.3 billion in bookrunning credit and $4.6 billion in mandated arranger credit. BNP is followed closely by Citigroup, with ING, Fortis, and HSH Nordbank also putting in strong performances.

This is only an excerpt of The Week in Review – 01/18/2007

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