GLOBAL SYNDICATED LOANS LEAGUE TABLES

Transcription

1 GLOBAL SYNDICATED LOANS LEAGUE TABLES 1 st 3Qtrs

2 1 st 3Qtrs MANAGER INGS GLOBAL SYNDICATED LOANS CONTENTS 1. Global market review 2. U.S. market review 3. Canada market review 4. Latin America market review 5. EMEA market review 6. Asia market review 7. Table criteria Bloomberg s global syndicated loans database consists of more than 54,000 active loan tranches (and approximately 160,000 replaced or retired loans), covering nearly 40,000 unique borrowers across more than 200 countries and 100 different currencies. LEAG<GO> for a full range of league tables NI LEAG CRL<GO> or for a full range of market-specific league table publications 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 Olov Widen loansleag@bloomberg.net Europe Charlotte Howell europeanloan@bloomberg.net Africa Robyn Smith europeanloan@bloomberg.net Asia Pacific Hung Truong aploans@bloomberg.net Bloomberg Finance L.P. All rights reserved.

3 Global Loans Review GLOBAL LOANS GLOBAL LOANS USD Mln USD Mln USD Mln USD Mln USD 601-1,000 Mln USD 601-1,000 Mln USD 1,001-2,000 Mln USD 1,001-2,000 Mln USD 2,001-4,000 Mln USD 2,001-4,000 Mln USD 4,001-8,000 Mln USD 4,001-8,000 Mln USD 8,001-16,000 Mln USD 8,001-16,000 Mln USD 16,001-32,000 Mln USD 16,001-32,000 Mln USD 32,001-64,000 Mln USD 32,001-64,000 Mln USD 64,000 Mln - USD 64,000 Mln - CANADA LOANS USD billion (+4.2%) 1. RBC 18.5% 2. CIBC 15.9% 3. TD Securities 14.9% U.S. LOANS USD 1,371.6 billion (-11.9%) 1. JP Morgan 16.8% 2. BAML 15.2% 3. Wells Fargo 9.3% LATIN AMERICA MLA USD 25 billion (-28%) EMEA MLA USD billion (+34.3%) 1. BNP Paribas 5.6% 2. HSBC 5.4% 3. RBS 4.4% MENA USD 38.4 billion (-2.2%) 1. HSBC 6.2% 2. Samba Capital 4.7% 3. Citi 4.4% SUB-SAHARAN AFRICA USD 21.6 billion (+16.1%) A EX-JP MLA USD billion (+18.2%) 1. State Bank of India 11.5% 2. Bank of China 6.9% 3. HSBC 5.0% AUS/N ZEALAND MLA USD 86.3 billion (+15.5%) 1. HSBC 8.2% 2. Mizuho 8.1% 3. MUFJ 8.1% 1. Barclays 9.6% 2. Standard Chartered 8.4% 3. Standard Bank 7.5% 1. ANZ 18.7% 2. NAB 16.0% 3. CBA 15.4%

4 U.S. Loans Review Deal Activity For the first three quarters of, total volume for U.S. loans was USD 1,372 billion, a decrease of 12% for the same period in, including refinanced debt. Issuance totaled 95% of the same period in with 2,680 deals closing during the period. U.S. leveraged loan volume for the first three quarters of was USD 693 billion, a decrease of 15% from the same period, including refinanced debt. 1,578 deals were issued in the leveraged loan market in the first three quarters of, a decrease of 12% from the same period in. The top two industries in the US were consumer non-cyclical, and financial, which collectively accounted for 38% of total deal activity year to date in. The consumer non-cyclical sector was the largest contributor, accounting for more than $297 billion of US deal activity. DATE ISSUER TYPE INDUSTRY AMOUNT (USD MLN) Number of deals 2,680 04/06/ WAL-MART STORES INC Facility Cons, Cyclical 16,898.0 Volume (USD Mln) 1,371,580.0 Arrangers: Avg Deal size (USD Mln) /05/ DEPOSITORY TRUST COMPANY INC Revolver Financial 15,365.0 Arrangers: 30/04/ FORD MOTOR COMPANY Facility Cons, Cyclical 12,160.0 JP Morgan Arrangers: BAML, BARCS, BNP, CACIB, CITI, CS, DB, GS, HSBCL, JPM, MS, MUFG, RBCCM, RBS, SUMI Number of deals /09/ CATERPILLAR INC Facility Industrial 10,500.0 Volume (USD Mln) 229,935.0 Arrangers: Avg Deal size (USD Mln) /09/ JOHNSON & JOHNSON Revolver Cons, Non-cyclical 10,000.0 USD Bln $700 $600 $500 $400 $300 $200 $100 $0 SUMMARY TOP ARRANGER U.S. LOANS: LARGEST S OF 1ST 3Q Arrangers: BAML, BARCS, CITI, HSBCL, JPM, WFC BAML, BARCS, BOC, DB, JPM, MUFG BAML, CITI, JPM CITI, JPM U.S. LOANS QUARTERLY AND SPREAD Leveraged Non-leveraged Leveraged Loans Spread at Close (basis points) Basis Points USD Bln Technology U.S. LEVERAGED DEBT QUARTERLY Basic Materials Utilities U.S. LOANS INDUSTRY BREAKDOWN Consumer, Non-cyclical Financial Consumer, Cyclical Industrial Energy $500 $400 $300 $200 $100 $0 Communications Diversified 2009 INDUSTRY 2010 Leveraged Loans Other 15% Communications 8% Energy Industrial 12% 2011 RAISED (USD MLN) 2012 Consumer, Non-cyclical 22% Consumer, Cyclical 15% Financial 16% % OF TOTAL High Yield Bonds % CHNG YOY 297, % -7.2% 223, % -9.7% 206, % -22.8% 167, % -2.2% 165, % 0.3% 104, % -49.1% 73, % -8.2% 62, % -9.6% 51, % -45.6% 11, % -10.5%

5 U.S. Loans U.S. Loans - New Money JP Morgan , JP Morgan , Bank of America Merrill Lynch , Bank of America Merrill Lynch , Wells Fargo & Co , Wells Fargo & Co , Citi , Credit Suisse , Deutsche Bank AG , Citi , Barclays , Deutsche Bank AG , Credit Suisse , Barclays , Morgan Stanley , Goldman Sachs & Co , RBC Capital Markets , Morgan Stanley , Goldman Sachs & Co , RBC Capital Markets , RBS , UBS , Mitsubishi UFJ Financial , SunTrust Robinson Humphrey , BNP Paribas SA , Jefferies LLC , SunTrust Robinson Humphrey , RBS , US Bancorp , US Bancorp , HSBC Bank PLC , General Electric Capital Corp , PNC Bank , BMO Capital Markets , UBS , KeyBanc Capital Markets , KeyBanc Capital Markets , Mitsubishi UFJ Financial , General Electric Capital Corp , PNC Bank , TOTAL 100% 1,371,580 2,680 1,557, % TOTAL 100% 469,706 1, , % U.S. Leveraged Loans COUNT U.S. Loans - Institutional COUNT COUNT Bank of America Merrill Lynch , Bank of America Merrill Lynch , JP Morgan , Credit Suisse , Wells Fargo & Co , Deutsche Bank AG , Credit Suisse , JP Morgan , Deutsche Bank AG , Barclays , Barclays , Morgan Stanley , Citi , Goldman Sachs & Co , Morgan Stanley , Citi , Goldman Sachs & Co , RBC Capital Markets , RBC Capital Markets , UBS , UBS , Wells Fargo & Co , General Electric Capital Corp , Jefferies LLC , Jefferies LLC , General Electric Capital Corp , SunTrust Robinson Humphrey , SunTrust Robinson Humphrey , RBS , BMO Capital Markets , BMO Capital Markets , RBS , KeyBanc Capital Markets , HSBC Bank PLC , HSBC Bank PLC , Macquarie Group Ltd , PNC Bank , Kohlberg Kravis Roberts & Co , BNP Paribas SA , BNP Paribas SA , TOTAL 100% 692,720 1, , % TOTAL 100% 430,210 1, , % COUNT

6 Canada Loans Review Deal Activity The first three quarters of saw a total volume of USD 153 billion in Canadian loans, an increase of 4% for the same period in. 344 deals closed in the first three quarters of. The top five arrangers by number of deals were CIBC, TD Securities, RBC Capital Markets, National Bank Financial, and Scotiabank. Canada Loans RBC Capital Markets , CIBC , TD Securities , Scotiabank , BMO Capital Markets , National Bank Financial Inc , Citi , JP Morgan , HSBC Bank PLC , Desjardins Capital Markets , TOTAL Canada Loans - New Money 100% CAD (Mln) COUNT 153, , % RBC Capital Markets , Scotiabank , CAD (Mln) COUNT USD Mlns 25% 20% $80 $70 $60 $50 $40 $30 $20 $10 $ CANADA LOANS QUARTERLY CANADA LOANS INDUSTRY BREAKDOWN Consumer, Non- Utilities 8% Volume Other 12% Financial 11% Basic Materials 13% 2012 Deal Count Energy 34% Industrial 14% CANADA LOANS MARKET SHARE Deal count 2012 CIBC , TD Securities , BMO Capital Markets , National Bank Financial Inc , JP Morgan , % 10% 5% HSBC Bank PLC , Desjardins Capital Markets General Electric Capital Corp % RBC Capital Markets CIBC TD Securities Scotiabank BMO Capital Markets TOTAL 100% 39, , %

7 Latin America Loans Review Deal Activity The first 3 quarters of saw a total volume of USD billion in Latin American loans, a decrease of 28% from the same period in. 18 loans were closed in the current period, representing a 36% year-on-year decrease. Latin America Loan Mandated Arranger HSBC Bank 8.2 2, Mizuho Financial 8.1 2, Mitsubishi UFJ Financial 8.1 2, BNP Paribas 7.5 1, Bank of America Merrill Lynch 6 1, JP Morgan 5.6 1, Sumitomo Mitsui Financial 5.5 1, Citi 5 1, BBVA Banco Santander TOTAL Latin America Loans Book Runner 100% USD (Mln) COUNT 24, , % USD (Mln) COUNT Mitsubishi UFJ Financial , HSBC Bank , Citi 3 9 2, BNP Paribas 4 9 2, Mizuho Financial 5 8 1, JP Morgan , Bank of America Merrill Lynch 7 5 1, BBVA Banco Santander USD Mlns 14% 12% 10% 8% 6% 4% 2% 0% LATIN AMERICA LOANS QUARTERLY $25 $20 $15 $10 $5 $ LATIN AMERICA LOANS INDUSTRY BREAKDOWN Communications 10% Consumer, Noncyclical 16% 2012 LATIN AMERICA LOANS MARKET SHARE HSBC Bank PLC Amount Utilities 10% Mizuho Financial Group Inc Other 6% Energy 17% Deal Count Financial 23% Mitsubishi UFJ Financial Basic Materials 18% BNP Paribas SA Deal Count 2012 Bank of America Merrill Lynch Banco Itau BBA TOTAL 100% 23, , %

8 EMEA Loans Review Deal Activity EMEA syndicated loan volume for the first three quarters of was USD billion, representing a 34.3% increase from the same period in. A total of 1123 deals were signed, compared to 1012 during the same period last year. There were 248 individual deals issued for an amount greater than USD 1 billion compared to 179 for the the first three quarters of. Many of the notable syndicated loans in have been driven by acquisitions, with the largest deal of US$ 13 billion pertaining to Imperial Tobacco's purchase of several brands from Reynolds. The second- and third-largest deals respectively are the US$ 11.6 billion bridge loan issued by Merck KGaA to fund its acquisition of Sigma-Aldrich, and the GBP 6.5 billion loans for BSKYB to acquire controlling interests in SKY Italia and SKY Deutschland. The leveraged market in has been particularly strong with the largest leverage deal being Formula 1's amendment of its loan package to include a USD 3.1 billion 1st lien loan, with a small EUR 40 million 1st lien TLB alongside, and a USD 1 billion second lien loan. IDC, Endemol & Spie were also contributors to high levels of issuance in for the leveraged market. DATE ISSUER TYPE INDUSTRY AMOUNT (USD MLN) Number of deals /06/ GLENCORE PLC Revolver Basic Materials 15,300.0 ABN, ANZ, BAML, BARCS, BBVA, BMO, BNPPAR, BSSA, CACIB, CBA, CITI, COBA, CS, DB, Volume (USD Mln) 869,583 Arrangers: DBS, HSBCL, ING, JPM, LLOYDS, MIZUHO, MS, MUFG, NAB, RABO, RBCCM, RBS, SCOTIA, Avg Deal size (USD Mln) SG, SMFGRP, STANDC, TDSECS, UBS, UNICRD 18/06/ BAYER AG Bridge-Term Cons, Non-cyclical 14,200.0 BNP Paribas SA Number of deals /07/ IMPERIAL TOBACCO GROUP PLC Facility Cons, Non-cyclical 13,160.4 Volume (USD Mln) 48,519.7 Avg Deal size (USD Mln) USD Bln $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 SUMMARY TOP ARRANGER LARGEST EMEA S OF 1ST 3Q Arrangers: Arrangers: BAML, BARCS, BBVA, BNPPAR, BSSA, CACIB, CITI, COBA, CS, DB, GS, HSBCL, JPM, MIZUHO, MUFG, RBS, SG, SMFGRP, UNICRD BAML/BARCS/BBVA/BNPPAR/BOC/BSSA/CACIB/COBA/HSBCL/INTES/MIZUHO/MUFG/R BS/SG/SMFGRP/UNICRD EMEA LOANS QUARTERLY AND SPREAD 2011 Investment Grade Leveraged Other Lev Loans Spread at Close (bps) IG Loans Spread at Close (bps) Basis Points USD Bln Industrial Utilities EMEA LEVERAGED DEBT QUARTERLY Diversified Technology EMEA LOANS INDUSTRY BREAKDOWN INDUSTRY Consumer, Non-cyclical Consumer, Cyclical Financial Communications Basic Materials Energy $140 $120 $100 $80 $60 $40 $20 $ Basic Materials 9% Communications 10% 2010 Leveraged Loans Financial 11% Other 19% 2011 RAISED (USD MLN) 2012 Consumer, Non-cyclical 23% Industrial 15% Consumer, Cyclical 13% % OF TOTAL High Yield Bonds % CHNG YOY 201, % 112.3% 129, % 32.4% 111, % 33.6% 94, % -3.9% 88, % 48.2% 79, % 20.4% 71, % 24.4% 57, % -13.7% 17, % 7.4% 12, % 15.9%

9 EMEA Loans Mandated Arranger EMEA Loans Book Runner BNP Paribas SA , BNP Paribas SA , HSBC Bank PLC , Credit Agricole CIB , RBS , HSBC Bank PLC , Societe Generale , RBS , Credit Agricole CIB , Barclays , Barclays , JP Morgan , Deutsche Bank AG , Bank of America Merrill Lynch , JP Morgan , ING Groep NV , ING Groep NV , Commerzbank AG , Commerzbank AG , UniCredit , UniCredit , Citi , Bank of America Merrill Lynch , Societe Generale , Citi , Deutsche Bank AG , Banco Santander SA , Banco Santander SA , Mitsubishi UFJ Financial , Nordea , Lloyds Bank PLC , Natixis , Nordea , Morgan Stanley , Natixis , Lloyds Bank PLC , Sumitomo Mitsui Financial Group Inc , Mitsubishi UFJ Financial , Mizuho Financial Group Inc , Mizuho Financial Group Inc , TOTAL 100% 869, , % TOTAL 100% 687, , % EMEA Loans Facility Agent COUNT RBS , Commerzbank AG , Barclays , BNP Paribas SA , Deutsche Bank AG , ING Groep NV , UniCredit , HSBC Bank PLC , Societe Generale , Credit Agricole CIB , Citi , Nordea , Bank of America Merrill Lynch , Lloyds Bank PLC , JP Morgan , Natixis , DnB ASA , Danske Markets , Rabobank Nederland , BayernLB , TOTAL 100% 864,032 1, , % COUNT COUNT

10 EMEA High Yield Loans Mandated Arranger EMEA High Yield Loans Book Runner JP Morgan , JP Morgan , Deutsche Bank AG , Deutsche Bank AG , Bank of America Merrill Lynch , Bank of America Merrill Lynch , BNP Paribas SA , BNP Paribas SA , Goldman Sachs & Co , Goldman Sachs & Co , Morgan Stanley , Morgan Stanley , RBS , Credit Agricole CIB , Credit Agricole CIB , RBS , Nomura Holdings Inc , Nomura Holdings Inc , ING Groep NV , Barclays , UniCredit , ING Groep NV , HSBC Bank PLC , HSBC Bank PLC , Barclays , Credit Suisse , Societe Generale , UniCredit , Credit Suisse , Societe Generale , UBS , UBS , Natixis , Natixis , Citi , Nordea , Lloyds Bank PLC , Citi , Nordea , Commerzbank AG , TOTAL 100% 128, , % TOTAL 100% 113, , % EMEA Sponsor-led Lev Loans Mandated Arranger COUNT EMEA Sponsor-led Leveraged Loans Book Runner COUNT JP Morgan , JP Morgan , Bank of America Merrill Lynch 2 8 7, Bank of America Merrill Lynch , Deutsche Bank AG 3 7 6, Deutsche Bank AG , BNP Paribas SA , Morgan Stanley , Morgan Stanley 5 5 4, Credit Agricole CIB , Credit Agricole CIB , Nomura Holdings Inc , Nomura Holdings Inc , BNP Paribas SA , UniCredit , RBS , RBS , Goldman Sachs & Co , Goldman Sachs & Co , UniCredit , ING Groep NV , HSBC Bank PLC , HSBC Bank PLC , ING Groep NV , Societe Generale , Societe Generale , Credit Suisse , Natixis , Barclays , Credit Suisse , Natixis , Nordea , UBS , Barclays , Lloyds Bank PLC , UBS , Commerzbank AG , Lloyds Bank PLC , Nordea , RBC Capital Markets , TOTAL 100% 91, , % TOTAL 100% 79, , % COUNT COUNT

11 EMEA Investment Grade Loans Mandated Arranger EMEA Investment Grade Loans Book Runner BNP Paribas SA , BNP Paribas SA , JP Morgan , RBS , HSBC Bank PLC , Bank of America Merrill Lynch , Societe Generale , Barclays , Barclays , JP Morgan , RBS , HSBC Bank PLC , Citi , Citi , Deutsche Bank AG , Commerzbank AG , Commerzbank AG , Banco Santander SA , Bank of America Merrill Lynch , Societe Generale , Mitsubishi UFJ Financial , Mizuho Financial Group Inc , UniCredit , ING Groep NV , Banco Santander SA , UniCredit , Credit Agricole CIB , Credit Agricole CIB , ING Groep NV , Mitsubishi UFJ Financial , Mizuho Financial Group Inc , Deutsche Bank AG , Sumitomo Mitsui Financial Group Inc , Morgan Stanley , Lloyds Bank PLC , Lloyds Bank PLC , Banco Bilbao Vizcaya Argentaria , Banco Bilbao Vizcaya Argentaria , Intesa Sanpaolo SpA , Sumitomo Mitsui Financial Group Inc , TOTAL 100% 325, , % TOTAL 100% 272, , % Western Europe Loans Mandated Arranger COUNT Western Europe Loans Book Runner COUNT BNP Paribas SA , BNP Paribas SA , HSBC Bank PLC , Credit Agricole CIB , RBS , RBS , Credit Agricole CIB , HSBC Bank PLC , Societe Generale , Barclays , JP Morgan , Bank of America Merrill Lynch , Deutsche Bank AG , JP Morgan , Barclays , Commerzbank AG , Commerzbank AG , UniCredit , Bank of America Merrill Lynch , ING Groep NV , UniCredit , Societe Generale , ING Groep NV , Deutsche Bank AG , Citi , Citi , Banco Santander SA , Banco Santander SA , Lloyds Bank PLC , Nordea , Mitsubishi UFJ Financial , Morgan Stanley , Nordea , Natixis , Natixis , Lloyds Bank PLC , SEB , Mitsubishi UFJ Financial , Morgan Stanley , Mizuho Financial Group Inc , TOTAL 100% 769, , % TOTAL 100% 626, , % COUNT COUNT

12 Benelux Loans Mandated Arranger Benelux Loans Book Runner Deutsche Bank AG , Bank of America Merrill Lynch , Bank of America Merrill Lynch , BNP Paribas SA , ING Groep NV , ING Groep NV , BNP Paribas SA , Deutsche Bank AG , RBS , RBS , JP Morgan , JP Morgan , Citi 7 5 3, Citi 7 5 3, Commerzbank AG , Commerzbank AG , Morgan Stanley , Rabobank Nederland , Rabobank Nederland , Morgan Stanley , HSBC Bank PLC , ABN Amro Bank NV , ABN Amro Bank NV , UniCredit , Societe Generale , Credit Agricole CIB , Credit Agricole CIB , Societe Generale , UniCredit , HSBC Bank PLC , Barclays , Goldman Sachs & Co , Credit Suisse , Barclays , Goldman Sachs & Co , Lloyds Bank PLC , Mitsubishi UFJ Financial , Credit Suisse , UBS , UBS , TOTAL 100% 77, , % TOTAL 100% 72, , % Central & Eastern Europe Loans Mandated Arranger EUR (Mln) EUR (Mln) Central & Eastern Europe Loans Book Runner COUNT COUNT EUR (Mln) COUNT ING Groep NV , ING Groep NV , UniCredit , UniCredit , Societe Generale , Citi BNP Paribas SA , Societe Generale Sberbank CIB , Mitsubishi UFJ Financial HSBC Bank PLC BNP Paribas SA Mitsubishi UFJ Financial Standard Chartered Bank Citi HSBC Bank PLC Standard Chartered Bank PKO Bank Polski SA Deutsche Bank AG Commerzbank AG Credit Agricole CIB Deutsche Bank AG Commerzbank AG Wells Fargo & Co Wells Fargo & Co Intesa Sanpaolo SpA Barclays Barclays Erste Group Bank BayernLB Turkiye Garanti Bankasi AS JP Morgan JP Morgan Goldman Sachs & Co RBS Mizuho Financial Group Inc Mizuho Financial Group Inc Sumitomo Mitsui Financial Group Inc Banco Santander SA European Bank for Reconstruct & Dev TOTAL 100% 24, , % TOTAL 100% 13, , % EUR (Mln) COUNT

13 Russia & CIS Loans Mandated Arranger Russia & CIS Loans Book Runner Citi ING Groep NV ING Groep NV Societe Generale Societe Generale Deutsche Bank AG JP Morgan Citi UniCredit Nordea Raiffeisen Bank International Group European Bank for Reconstruct & Dev Nordea Commerzbank AG Credit Agricole CIB Raiffeisen Bank International Group HSBC Bank PLC Alfa Bank Sberbank CIB VTB Capital Mitsubishi UFJ Financial HSBC Bank PLC Deutsche Bank AG Sberbank CIB European Bank for Reconstruct & Dev JP Morgan Commerzbank AG Vnesheconombank BNP Paribas SA Credit Suisse Alfa Bank VTB Capital Industrial & Comm Bank of China Vnesheconombank TOTAL 100% 4, , % TOTAL 100% 2, , % MENA Loans Mandated Arranger EUR (Mln) COUNT MENA Loans Book Runner COUNT HSBC Bank PLC , Citi , Samba Capital , National Bank of Egypt , Citi , HSBC Bank PLC , National Bank of Abu Dhabi , First Gulf Bank PJSC , First Gulf Bank PJSC 5 4 1, Mashreqbank PSC , Abu Dhabi Commercial Bank , Emirates NBD PJSC , Banque Saudi Fransi , National Bank of Abu Dhabi Emirates NBD PJSC 8 3 1, Barclays Mitsubishi UFJ Financial , Samba Capital Mashreqbank PSC , Standard Chartered Bank Sumitomo Mitsui Financial Group Inc , Noor Islamic Bank National Commercial Bank Dubai Islamic Bank Deutsche Bank AG Banque Saudi Fransi Standard Chartered Bank National Commercial Bank BNP Paribas SA BNP Paribas SA Dubai Islamic Bank Banque Misr SAE Mizuho Financial Group Inc Union National Bank National Bank of Egypt Arab Banking Corp Credit Agricole CIB Societe Generale Qatar National Bank Deutsche Bank AG TOTAL 100% 38, , % TOTAL 100% 22, , % EUR (Mln) COUNT COUNT

14 Sub-Sahara Loans Mandated Arranger Sub-Sahara Loans Book Runner Barclays , BNP Paribas SA , Standard Chartered Bank , Standard Chartered Bank , Standard Bank of South Africa , Barclays , BNP Paribas SA , Citi , Citi , JP Morgan , HSBC Bank PLC , Standard Bank of South Africa , Firstrand Bank Ltd , Nordea Societe Generale SEB Credit Agricole CIB Credit Suisse JP Morgan Firstrand Bank Ltd Nedbank Capital Deutsche Bank AG Mitsubishi UFJ Financial Commerzbank AG ING Groep NV Natixis SEB HSBC Bank PLC Sumitomo Mitsui Financial Group Inc Mitsubishi UFJ Financial Nordea Sumitomo Mitsui Financial Group Inc Deutsche Bank AG DZ Bank AG Commerzbank AG Ghana International Bank African Export-Import Bank Kreditanstalt fuer Wiederaufbau Natixis Mizuho Financial Group Inc TOTAL 100% 21, , % TOTAL 100% 16, , % EMEA Islamic Loans Mandated Arranger COUNT EMEA Islamic Loans Book Runner COUNT National Commercial Bank Noor Islamic Bank Samba Capital Mashreqbank PSC Banque Saudi Fransi Dubai Islamic Bank Noor Islamic Bank Banque Saudi Fransi Dubai Islamic Bank National Commercial Bank Mashreqbank PSC Samba Capital First Gulf Bank PJSC First Gulf Bank PJSC Citi Citi Barwa Bank Barwa Bank National Bank of Abu Dhabi National Bank of Abu Dhabi Commercial Bank of Dubai Standard Chartered Bank Standard Chartered Bank Commercial Bank of Dubai Arab Banking Corp Abu Dhabi Islamic Bank/Egypt HSBC Bank PLC Abu Dhabi Islamic Bank Riyad Bank Emirates NBD PJSC Saudi Investment Bank/The Arab Banking Corp Abu Dhabi Islamic Bank/Egypt Al Hilal Bank Abu Dhabi Islamic Bank Abu Dhabi Commercial Bank Emirates NBD PJSC Bank Audi SAL Abu Dhabi Commercial Bank Banque Misr SAE TOTAL 100% 8, , % TOTAL 100% 7, , % COUNT COUNT

15 Asia Pacific ex-japan Loans Review Deal Activity Asia Pacific ex-japan syndicated loans volume for the first three quarters of increased by 17%, totaling USD billion compared to the same period in. A total of 1,026 deals were signed, a decrease of 41 deals compared to the same period last year. Australia & New Zealand syndicated loans volume totaled USD 86.3 billion for the first three quarters of, an increase of 16% from same period in. The largest deal in the Asia Pacific ex-japan region was the USD 7.6 billion project finance facility for Roy Hill Iron Ore Project. The deal includes USD 5.5 billion from commercial banks and USD 2.1 billion from five export credit agencies. State Bank of India topped the Asia Pacific ex-japan syndicated loan league table with 8.7%. ANZ Banking Group & Bank of China ranked second and third with 6.5% and 5.4% market share respectively. DATE BORROWER TYPE INDUSTRY AMOUNT (USD MLN) Number of deals 1,026 20/03/ ROY HILL HOLDINGS PTY LTD Facility Basic Materials 7,600.0 Volume (USD Mln) 359,074.0 Avg Deal size (USD Mln) State Bank of India 18/03/ SAPURAKENCANA TMC SDN BHD Facility Energy 5,509.2 Number of deals 75 31/03/ OVERSEA-CHINESE BANKING CORP Bridge-Term Financial 4,990.8 Volume (USD Mln) 31,210.3 Avg Deal size (USD Mln) CNTRY Australia China Hong Kong Taiwan India Korea Singapore Malaysia Indonesia Thailand SUMMARY TOP ARRANGER LARGEST ASIA PACIFIC EX-JAPAN S OF 1ST 3Q ROY HILL HOLDINGS PTY LTD COFCO CORP HK ELECTRIC INVESTMENT PEGATRON CORP TATA STEEL LTD YOUNGCHUN-SANGJU HIGHWAY OVERSEA-CHINESE BANKING SAPURAKENCANA TMC SDN BHD TRANS RETAIL PT BAML, HSBCL, JPM LARGEST ASIA PACIFIC EX-JAPAN S OF 1ST 3Q BY COUNTRY BORROWER Arrangers: Arrangers: Arrangers: ANZ, BNPPAR, BOC, CBA, HSBCL, ICBKC, ING, KOFINA, MIZUHO, MUFG, NAB, OVCHBC, SG, SMFGRP, WESTPC ABN, AMINVB, CIMB, EXIMMY, GS, HSBCL, ING, MAYBAN, MUFG, NBAD, RHB, SMFGRP, STANDC, UOB DATE 20/03/ 04/07/ 10/01/ 05/08/ 10/07/ 20/06/ 31/03/ 18/03/ 20/03/ CP ALL PCL 25/03/ SIZE USD MLN 7, , , , , , , , , ,514.6 ASIA PACIFIC EX-JAPAN LOANS QUARTERLY USD Bln $160 $140 $120 $100 $80 $60 $40 $20 $ ASIA PACIFIC EX-JAPAN LOANS INDUSTRY BREAKDOWN 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% Basic Materials 9% Consumer, Non-cyclical 9% Volume Consumer, Cyclical 9% Deal Count Financial 26% Industrial 17% Energy 9% ASIA PACIFIC EX-JAPAN LOANS MARKET SHARE State Bank of India ANZ Other 21% Bank of China Deal Count 2012 HSBC CBA

16 Asia ex-japan Loans Mandated Arranger Asia ex-japan Loans Book Runner State Bank of India , State Bank of India , Bank of China , Bank of China , HSBC Bank PLC , Standard Chartered Bank , Standard Chartered Bank , HSBC Bank PLC 4 4 7, Sumitomo Mitsui Financial Group Inc , DBS Group Holdings Ltd , DBS Group Holdings Ltd , Sumitomo Mitsui Financial Group Inc , ANZ Banking Group , Deutsche Bank AG , Mitsubishi UFJ Financial , Mizuho Financial Group Inc , Mizuho Financial Group Inc , ANZ Banking Group , Deutsche Bank AG , Bank of Taiwan , Oversea-Chinese Banking Corp , China Development Bank , United Overseas Bank , Korea Development Bank , Korea Development Bank , Mitsubishi UFJ Financial , BNP Paribas SA , United Overseas Bank , China Construction Bank , Oversea-Chinese Banking Corp , Maybank , BNP Paribas SA , Citi , Axis Bank Ltd , China Development Bank , RBS , Industrial & Comm Bank of China , Industrial & Comm Bank of China , Shinhan Financial Group Co Ltd , Maybank , TOTAL 100% 272, , % TOTAL 100% 185, , % Asia ex-japan G3 Loans Mandated Arranger COUNT Asia ex-japan G3 Loans Book Runner COUNT HSBC Bank PLC 1 6 7, State Bank of India , Standard Chartered Bank , Standard Chartered Bank , Sumitomo Mitsui Financial Group Inc , HSBC Bank PLC , ANZ Banking Group , Deutsche Bank AG , Mitsubishi UFJ Financial , ANZ Banking Group , State Bank of India 6 4 4, DBS Group Holdings Ltd , DBS Group Holdings Ltd , Mizuho Financial Group Inc , Deutsche Bank AG , Sumitomo Mitsui Financial Group Inc , Mizuho Financial Group Inc , BNP Paribas SA , Bank of China , RBS , BNP Paribas SA , Mitsubishi UFJ Financial , Citi , Credit Suisse , United Overseas Bank , Bank of China , RBS , Credit Agricole CIB , ING Groep NV , United Overseas Bank , Societe Generale , Citi , Industrial & Comm Bank of China , Bank of Taiwan , Credit Agricole CIB , ING Groep NV , Credit Suisse , Oversea-Chinese Banking Corp , Oversea-Chinese Banking Corp , Mega Financial Holding Co Ltd , TOTAL 100% 124, , % TOTAL 100% 76, , % COUNT COUNT

17 Asia-Pac ex-japan Loans Mandated Arranger Asia-Pac ex-japan Loans Book Runner State Bank of India , State Bank of India , ANZ Banking Group , Bank of China , Bank of China , ANZ Banking Group , HSBC Bank PLC , HSBC Bank PLC 4 4 8, Commonwealth Bank Australia , Standard Chartered Bank , National Australia Bank Ltd , National Australia Bank Ltd , Westpac Banking , Westpac Banking 7 3 6, Sumitomo Mitsui Financial Group Inc , Sumitomo Mitsui Financial Group Inc , Standard Chartered Bank , Mizuho Financial Group Inc , Mitsubishi UFJ Financial , Commonwealth Bank Australia , DBS Group Holdings Ltd , DBS Group Holdings Ltd , Mizuho Financial Group Inc , Deutsche Bank AG , Deutsche Bank AG , Mitsubishi UFJ Financial , Oversea-Chinese Banking Corp , Bank of Taiwan , United Overseas Bank , United Overseas Bank , BNP Paribas SA , China Development Bank , Citi , RBS , Credit Agricole CIB , Korea Development Bank , Korea Development Bank , Oversea-Chinese Banking Corp , Industrial & Comm Bank of China , BNP Paribas SA , TOTAL 100% 359,074 1, , % TOTAL 100% 223, , % ASEAN Loans Mandated Arranger ASEAN Loans Book Runner COUNT COUNT COUNT Sumitomo Mitsui Financial Group Inc , Standard Chartered Bank , Standard Chartered Bank , Deutsche Bank AG , Oversea-Chinese Banking Corp , Sumitomo Mitsui Financial Group Inc , HSBC Bank PLC , DBS Group Holdings Ltd 4 7 2, DBS Group Holdings Ltd , Maybank 5 7 2, Maybank 6 5 3, Oversea-Chinese Banking Corp 6 7 2, United Overseas Bank , United Overseas Bank , Deutsche Bank AG , ANZ Banking Group , Mitsubishi UFJ Financial , BNP Paribas SA , ANZ Banking Group , HSBC Bank PLC , RHB , Mizuho Financial Group Inc , Mizuho Financial Group Inc , Credit Suisse , Bank of America Merrill Lynch , CIMB , CIMB , Mitsubishi UFJ Financial JP Morgan , ING Groep NV ING Groep NV , RHB BNP Paribas SA , BDO Capital & Investment Corp Credit Agricole CIB , Westpac Banking Credit Suisse , Rabobank Nederland ABN Amro Bank NV Citi TOTAL 100% 75, , % TOTAL 100% 40, , % COUNT

18 Australia/NZ Loans Mandated Arranger Australia/NZ Loans Book Runner ANZ Banking Group , ANZ Banking Group , National Australia Bank Ltd , National Australia Bank Ltd , Commonwealth Bank Australia , Westpac Banking , Westpac Banking , Commonwealth Bank Australia , HSBC Bank PLC , HSBC Bank PLC , Mitsubishi UFJ Financial , Mitsubishi UFJ Financial Sumitomo Mitsui Financial Group Inc 7 3 2, Citi Credit Agricole CIB , RBS Mizuho Financial Group Inc , Mizuho Financial Group Inc Citi , Sumitomo Mitsui Financial Group Inc BNP Paribas SA , Bank of America Merrill Lynch RBS , United Overseas Bank Scotiabank , RBC Capital Markets ING Groep NV Bank of China Bank of America Merrill Lynch First Gulf Bank PJSC Oversea-Chinese Banking Corp National Bank of Abu Dhabi RBC Capital Markets Natixis Bank of China Standard Chartered Bank Rabobank Nederland UBS Societe Generale Credit Agricole CIB TOTAL 100% 86, , % TOTAL 100% 37, , % Australia Loans Mandated Arranger COUNT Australia Loans Book Runner COUNT ANZ Banking Group , ANZ Banking Group , Westpac Banking , National Australia Bank Ltd , National Australia Bank Ltd , Westpac Banking , Commonwealth Bank Australia , Commonwealth Bank Australia , Sumitomo Mitsui Financial Group Inc , HSBC Bank PLC , HSBC Bank PLC , Mitsubishi UFJ Financial Mitsubishi UFJ Financial , Citi Credit Agricole CIB , RBS Mizuho Financial Group Inc , Mizuho Financial Group Inc Citi , Sumitomo Mitsui Financial Group Inc BNP Paribas SA , Bank of America Merrill Lynch RBS , RBC Capital Markets Scotiabank Bank of China ING Groep NV First Gulf Bank PJSC Bank of America Merrill Lynch National Bank of Abu Dhabi Oversea-Chinese Banking Corp Natixis RBC Capital Markets Standard Chartered Bank Bank of China United Overseas Bank Standard Chartered Bank UBS Societe Generale Credit Agricole CIB TOTAL 100% 71, , % TOTAL 100% 32, , % COUNT COUNT

19 China Loans Mandated Arranger China Loans Book Runner Bank of China , Bank of China , China Development Bank , China Development Bank , China Construction Bank , Industrial & Comm Bank of China , HSBC Bank PLC , China Construction Bank , Standard Chartered Bank , Standard Chartered Bank , Industrial & Comm Bank of China , China Citic Bank , Deutsche Bank AG , Mizuho Financial Group Inc China Citic Bank , HSBC Bank PLC Citi , ANZ Banking Group Sumitomo Mitsui Financial Group Inc , Deutsche Bank AG ANZ Banking Group Credit Agricole CIB Shanghai Automotive Group Finance Co Shanghai Pudong Development Bank Morgan Stanley Sumitomo Mitsui Financial Group Inc JP Morgan RBS Mitsubishi UFJ Financial Bank of Taiwan Mizuho Financial Group Inc BNP Paribas SA Westpac Banking Mitsubishi UFJ Financial Commonwealth Bank Australia Citi DBS Group Holdings Ltd Credit Suisse Bank of Communications DBS Group Holdings Ltd TOTAL 100% 43, , % TOTAL 100% 31, , % Hong Kong Loans Mandated Arranger COUNT Hong Kong Loans Book Runner COUNT HSBC Bank PLC , HSBC Bank PLC , Bank of China 2 8 4, Bank of China , Standard Chartered Bank , Standard Chartered Bank , DBS Group Holdings Ltd 4 4 2, Mitsubishi UFJ Financial , China Construction Bank 5 4 2, Mizuho Financial Group Inc , Sumitomo Mitsui Financial Group Inc , Sumitomo Mitsui Financial Group Inc , Mitsubishi UFJ Financial , BNP Paribas SA ANZ Banking Group , Credit Agricole CIB Mizuho Financial Group Inc , United Overseas Bank BNP Paribas SA , Agricultural Bank of China Ltd United Overseas Bank , ANZ Banking Group Industrial & Comm Bank of China , RBS Oversea-Chinese Banking Corp , DBS Group Holdings Ltd Credit Agricole CIB , China Construction Bank RBS Industrial & Comm Bank of China Agricultural Bank of China Ltd ING Groep NV Fubon Financial Holding Co Ltd Fubon Financial Holding Co Ltd ING Groep NV China Merchants Bank Westpac Banking Bank of Taiwan Bank of East Asia Ltd Natixis TOTAL 100% 52, , % TOTAL 100% 26, , % COUNT COUNT