Bloomberg Global Syndicated Loan Q2 2012

//

1st 3Qrts 2012 League – 1st 3Qrts 2012 League Tables – 1st 3Qrts 2012 League

GLOBAL SYNDICATEDLOANS

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Table of Contents

. Introduction1

U.S. Loans. 2

U.S. Leveraged Loans. 3

Canada Loans. 4

Latin America Loans Mandated Arranger. 5

Latin America Loans Book Runner. 6

EMEA Loans Mandated Arranger. 7

EMEA Loans Book Runner. 8

EMEA High Yield Loans Mandated Arranger. 9

EMEA High Yield Loans Book Runner. 10

EMEA Sponsor-led Lev Loans Mandated

Arranger

. 11

EMEA Sponsor-led Leveraged Loans Book

Runner

. 12

EMEA Investment Grade Loans Mandated

Arranger

. 13

EMEA Investment Grade Loans Book

Runner

. 14

EMEA Islamic Loans Mandated Arranger. 15

EMEA Islamic Loans Book Runner. 16

Western Europe Loans Mandated Arranger. 17

Western Europe Loans Book Runner. 18

Asia ex-Japan Loans Mandated Arranger. 19

Asia ex-Japan Loans Book Runner. 20

Asia-Pac ex-Japan Loans Mandated

Arranger

. 21

Asia-Pac ex-Japan Loans Book Runner. 22

Australia/NZ Loans Mandated Arranger. 23

Australia/NZ Loans Book Runner. 24

Bloomberg 2012 Q3

09/29/2012

EmailFaxPhoneContact

+1-609-279-5187 [email protected]+1-646-268-5455Paul BandongAmericas

[email protected]+44-20-7073-5305+44-20-7330-7326Charlotte HowellEMEA

[email protected]+852-2977-4688+852-2977-4638Isabella KwanAsia-Pac

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.

Global Syndicated Loan Markets ReviewBloomberg

LMX <GO> LEAG <GO> UNDW<GO> NI LEAG CRL<GO> ©2012 Bloomberg Finance L.P. All rights reserved.

Consumer, Non‐Cyclical18%

Financial15%

Industrial14%

Consumer, Cyclical12%

Energy11%

Communication8%

Utilities7%

Basic Materials7%

Technology3%

Government3%

Other2%

In the first three quarters of 2012 total volume for US loans was $994.9 billion, 74.9% of thevolume for the same period in 2011 including refinanced debt. Issuance was 88.9% of the sameperiod 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 of18.8% from the first three quarters of 2012 including refinanced debt. 1,139 deals were issued in theleveraged 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% fromthe 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 ex‐Japan region in the first three quartersof 2012, totaling $232.8 billion. In comparison to the same period in 2011, the total volume droppedby 32.6% from $345.3 billion.

The top three industries globally were Consumer, Non‐cyclical, Financial, and Consumer Cyclicalwhich collectively accounted for 45.6% of total deal activity year to date in 2012. For the first three quarters of 2012, Consumer, Non‐cyclical was the leading industry in the US,followed closely by Financial. The top three industries within the EMEA region were Consumer Non‐Cyclical, Industrial andFinancial. These sectors accounted for 46.3% of total syndicated loan activity during the first threequarters of 2012. The Financial Industry was the largest contributor accounting for 22.8% of syndicated loans in theAsia Pacific ex‐Japan market for this period.

North America (56.8%)

Western Europe (22.4%)

Asia Pacific (15.5%)

Latin America & Caribbean (2.1%)

Eastern Europe (1.5%)

Middle East & Africa (1.7%)

Regional Syndicated Loan Activity

Industry Sector Syndicated Loan Activity

Total Volume by Industry (1st 3Q 2012)

Heat Map: 1st 3Q 2012 Volume by Region



Global Syndicated Loans Quarterly Volume

EMEA Syndicated Loans Quarterly Volume

Americas Syndicated Loans Quarterly Volume

APAC Syndicated Loans Quarterly Volume

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400

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Q3 2012

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(Billion

s)

Volume

Deal Count

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Q3 2010

Q3 2011

Q3 2012

0

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Volume in USD

(Billion

s)

Issuance

Volume

Deal Count



JP Morgan17%

Bank of America16%

Citi10%

Wells Fargo10%

Barclays5%

Morgan Stanley3%

Credit Suisse3%

RBS3%

Deutsche3%

Goldman3%

Mitsubishi3%

RBC Capital2%

Other22%

INDUSTRY

US Loans 1st 3Q 2012 Notable Highlights

MARKET SHARE

Signing Date Issuer Underwriter Deal Type Value (mln) Maturity 6/6/2012 WAL‐MART STORES INC BAML, BARCS, CITI, JPM, RBS, WFC RCF, LOC $11,841 20132/10/2012 KINDER MORGAN BAML, BARCS, CITI, CS, DB, JPM, MUFG, RBCCM, RBS, UBS, WFC Bridge, TL $11,800 20159/20/2012 JOHNSON & JOHNSON CITI, JPM RCF $10,000 20135/15/2012 DEPOSITORY TRUST COMPANY BAML, BARCS, BOC, JPM RCF $9,330 20133/15/2012 FORD MOTOR COMPANY BAML, BARCS, BNPPAR, CITI, DB, GS, HSBCL, JPM, MS, MUFG, RBCCM,

RBS, SMFGRPRCF $9,000 2015

7/18/2012 ABBVIE INC BAML, BARCS, JPM, MS Bridge $7,500 20138/3/2012 PROCTER & GAMBLE CO/THE CITI, JPM RCF $7,000 20175/21/2012 EATON CORP CITI, MS Bridge $6,750 20136/6/2012 COMCAST CORP CITI, JPM, MS, MUFG, WFC RCF $6,250 2017

$0 $50 $100 $150 $200 $250 $300

Government

Funds

Diversified

Basic Materials

Technology

Utilities

Communications

Energy

Industrial

Consumer, Cyclical

Financial

Consumer, Non‐cyclical

Total Volume (USD Billion)

1st 3Q 20121st 3Q 2011

Number of Loans 2,122 Volume (Bln) $994.9

Avg Loan Size (Mln) $463.3

Arranger JP Morgan

Number of Loans 642

Volume (Bln) $173.2

Top Arranger

Summary



Bank of America14%

JP Morgan12%

Wells Fargo9%

Credit Suisse7%

Citi6%Barclays

6%

Goldman Sachs5%

Morgan Stanley5%

Deutsche4%

RBC4%

GE Capital3%

Suntrust3%

UBS2%

Keybanc2%

Other19%

INDUSTRY

US Leveraged Loans 1st 3Q 2012 Notable Highlights

MARKET SHARE

$0 $50 $100 $150

Government

Funds

Diversified

Utilities

Basic Materials

Technology

Financial

Communications

Industrial

Energy

Consumer, Cyclical



1st 3Q 2012

1st 3Q 2011

Number of Loans 1,139 Volume (Bln) $406.9


Number of Loans 337

Volume (Bln) $56.9

Summary

Top Arranger

Arranger Bank of America

Signing Date Issuer Underwriter Deal Type Value (mln) Maturity 2/10/2012 KINDER MORGAN BAML, BARCS, CITI, CS, DB, JPM, MUFG, RBCCM, RBS, UBS, WFC Bridge, TL $11,800 20153/15/2012 FORD MOTOR COMPANY BAML, BARCS, BNPPAR, CITI, DB, GS, HSBCL, JPM, MS, MUFG, RBCCM,

RBS, SMFGRPRCF $9,000 2015

5/11/2012 CHESAPEAKE ENERGY CORP GS, JEFGRP Bridge $4,000 20174/5/2012 LAWSON SOFTWARE BAML, BARCS, CS, DB, JPM, KKRCAP, MS, RBCCM RCF, TL $3,647 20187/31/2012 SABINE PASS LIQUEFACTION CACIB, CS, HSBCL, JPM, MS, MUFG, RBCCM, SG TL $3,600 20192/29/2012 LINN ENERGY LLC BNPPAR, RBCCM, WFC RCF $3,500 20173/30/2012 FIDELITY NATIONAL INFORMATI BAML, JPM, WFC RCF, TL $3,250 20173/30/2012 DOLLAR GENERAL CORP CITI, GS, KKRCAP TL $3,180 20173/13/2012 FIRST DATA CORPORATION BAML, CITI, CS, DB, HSBCL, KKRCAP RCF, TL $3,155 2018



TD Securities19%

CIBC18%

Scotiabank15%

RBC Capital Markets13%

BMO Capital Markets

9%

National Bank Financial

7%

JP Morgan3%

Citi3%

Bank of America2%

Other11%

INDUSTRY

Canada Loans 1st 3Q 2012 Notable Highlights

MARKET SHARE

$0 $10 $20 $30 $40 $50

Diversified

Technology

Government

Communications

Consumer, Cyclical


Financial

Industrial

Utilities

Basic Materials

Energy


1st 3Q 2012

1st 3Q 2011

Number of Loans 340

Volume (Bln) $140.4


Arranger TD Securities

Number of Loans 75

Volume (Bln) $26.9

Top Arranger

Summary Signing Date Issuer Underwriter Deal Type Value (mln) Maturity 1/4/2012 BARRICK GOLD CORP CITI, JPM, MS, RBCCM RCF $4,000 20176/29/2012 PROVINCE OF QUEBEC CIBC, RBCCM, TDSECS RCF $3,500 20154/16/2012 ALIMENTATION COUCHE‐TARD HSBCL, MUFG, NBF, RABO, SCOTIA, UBS TL $3,200 20156/15/2012 NEXEN INC TDSECS RCF $2,936 20176/15/2012 PENN WEST PETROLEUM LTD BMO, CIBC RCF $2,936 20167/13/2012 BELL CANADA BMO, CIBC RCF, TL $2,465 20151/10/2012 ENBRIDGE INC BMO, CITI, MS, RBCCM, TDSECS RCF $2,250 20158/1/2012 ENBRIDGE INC CIBC, SCOTIA, TDSECS RCF $2,238 20178/1/2012 ENBRIDGE INC CIBC, SCOTIA, TDSECS RCF $1,989 20147/20/2012 ROGERS COMMUNICATIONS SCOTIA, TDSECS RCF $1,975 2017



0%

2%

4%

6%

8%

10%

12%

14%

BBVA MitsubishiUFJ

HSBC Bank BancoSantander

Citi

Market S

hare

1st 3Q 2012

1st 3Q 2011

Latin America Loans 1st 3Q 2012 Notable Highlights

INDUSTRY MARKET SHARE

Number of Loans 54

Volume (Bln) $30.4


Arranger BBVA

Number of Loans 14

Volume (Bln) $2.4

Summary

Top Arranger

$0 $5 $10 $15

Diversified

Communications

Financial

Consumer, Cyclical

Utilities

Consumer, Non‐Cyclical

Basic Materials

Energy

Industrial


2012 1st 3Q

2011 1st 3Q

Signing Date Issuer Mandated Lead Arranger Deal Type Value (mln) Maturity 9/19/2012 CEMEX SAB DE CV BAML, BBVA, BNPPAR, BSSA, CITI, HSBCL, JPM, RBS TL $7,127 20175/17/2012 BRASKEM IDESA SAPI BNCE, BNDES, IADB, IFC, NAFIN, SERVIZ TL $2,300 N/A2/7/2012 GRUPO BIMBO SAB DE CV BAML, BANAMEX, BBVA, BSSA, HSBCL, JPM, MUFG RCF $1,500 2017

6/15/2012 OSX CONSTRUCAO NAVAL SA BNDES, CXECON TL $1,316 20338/1/2012 GUARA NORTE SARL ABN, CACIV, CBA, CMCIC, DBJ, DBNK, ICBKC, ING, MIZUHO, MUFG,

NORDEA, RABO, SMFGRPTL $1,200 2025

5/8/2012 OLEODUCTO BICENTENARIO BANBOG, BANCOL, BANDAV, BANOCC, BBVA, BANCAGR, BNCAVV, CORFIT, POPULA, SUDCOL

TL $1,189 2024

3/28/2012 CERNAMBI SUL MV24 BV MUFG, SMFGRP TL $1,125 20313/8/2012 SIERRA GORDA SCM MIZUHO, MUFG, SMFGRP TL $1,000 2021



EMEA Syndicated Loans 1st 3Q 2012 Notable Highlights

0%

1%

2%

3%

4%

5%

6%

7%

RBS DeutscheBank AG

BNPParibasGroup

HSBC BankPLC

SocieteGenerale

Market S

hare

1st 3Q 2010

1st 3Q 2011

1st 3Q 2012

$0 $50 $100 $150

Technology

Diversified

Energy

Utilities

Communications

Government

Consumer, Cyclical

Basic Materials

Financial

Industrial



1st 3Q 2012

1st 3Q 2011

Number of Loans 781

Volume (Bln) $515.6


Arranger RBS

Number of Loans 170

Volume (Bln) $26.3

Summary

Top Arranger

Signing Date Issuer Mandated Lead Arranger Deal Type Value (mln) Maturity 5/16/2012 FONDO PARA LA FINANCIACION BANKIA, BBVA, BCOPOP, BSSA, CAIXA, INSTCR TL $38,149 20176/20/2012 ANHEUSER‐BUSCH INBEV SA NV ANZ, BAML, BARCS, BNPPAR, BSSA, COBA, DB, ING, JPM, MIZUHO,

MUFG, RABO, RBS, SG, SMFGRP, TDSECSTL $14,000 2016

1/27/2012 SCHAEFFLER AG BNPPAR, COBA, DB, HSBCL, JPM, LBBW, RBS, UNICRD TL ,RCF $12,447 20177/24/2012 SNAM SPA BAML, BARCS, BNPPAR, CITI, HSBCL, INTES, JPM, MEDBCA, MIZUHO,

MS, MUFG, SG, SMFGRP, UBS, UNICRDBridge, TL, RCF

$10,855 2017

7/4/2012 NESTLE SA BAML, BARCS, BNPPAR, BSSA, CITI, CS, DB, GS, HSBCL, JPM, MUFG, RBS, SG, UBS

Bridge $8,500 2013

4/25/2012 GLENCORE INTERNATIONAL AG ABN, BAML, BARCS, BNPPAR, CACIB, CITI, ING, RBS, SCB, SG Bridge, RCF $8,030 2015

INDUSTRY MARKET SHARE



INDUSTRY

APAC Loans 1st 3Q 2012 ex‐Japan Notable Highlights

COUNTRY BREAKDOWN

$0 $20 $40 $60 $80 $100

Government

Technology

Communications

Diversified

Basic Materials


Energy

Utilities

Consumer, Cyclical

Industrial

Financial


1st 3Q 2012

1st 3Q 2011

Australia & New Zealand

25%

India14%

China11%

Singapore10%

Korea10%

Hong Kong10%

Taiwan9%

Malaysia6%

Other5%

Signing Date Issuer Mandated Lead Arranger Deal Type Value (mln) Maturity 4/30/2012 AIR INDIA SBI TL, RCF $4,463 20266/25/2012 MARINA BAY SANDS PTE LTD CIMB, DBS, MAYBAN, OVCHBC, SCB, SMFGRP, UOB TL, RCF $3,980 20183/26/2012 MS COMMERCIAL PTE LTD ANZ, DBS, MAYBAN, MUFG, OVCHBC, SMFGRP, UOB TL, RCF $3,977 20176/13/2012 ALIBABA GROUP HOLDING LTD ANZ, BARCS, BKEA, CATHAY, CDIB, CHINAT, CITI, CS, DB, DBS, HSBCL,

ING, INTES, MEGA, MIZUHO, MS, NATIX, TFCB, TFHTL, RCF $3,000 2015

5/23/2012 AUSTRALIA PACIFIC LNG LTD ANZ, BBVA, BOC, CBA, DBS, DNBK, EXDEVC, HSBCL, LLOYDS, MIZUHO, MUFG, NAB, SG, SMFGRP, WESTPC

TL $2,875 2029

6/11/2012 DANA INFRA SDN AMINVB, CIMB, MAYBAN, RHB RCF $2,525 20145/2/2012 NOBLE GROUP LTD ABN, ANZ, BAML, CACIB, CBA, CITI, COBK, DBS, GS, HSBCL, ICBKC, ING,

JPM, KfW, LLOYDS, MUFG, NEDCAP, RABO, RBS, SCB, SG, UOBRCF $2,360 2015

7/31/2012 WYNN MACAU LTD BAML, BMACAU, BNPPAR, BOC, CXGD, DB, DBS, ICBKC, JPM, MS, RBS, SCB, SCOTIA, UBS, UOB

TL, RCF $2,310 2018

Number of Loans 843

Volume (Bln) $232.8


Number of Loans 47

Volume (Bln) $15.6

Arranger State Bank of India

Summary

Top Arranger

Bloomberg

U.S. Loans

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

Underwriter League Tables

20.3 1JP Morgan 642 1 17.4 (2.9) 173,203

18.1 2Bank of America Merrill Lynch 648 2 15.7 (2.4) 156,258

9.8 3Citi 291 3 10.3 0.5 102,603

9.3 4Wells Fargo & Co 499 4 9.6 0.3 95,336

4.3 5Barclays 206 5 5.6 1.3 55,219

2.6 10Morgan Stanley 116 6 3.4 0.8 34,281

4.0 6Credit Suisse 158 7 3.2 (0.8) 31,900

3.0 7RBS 154 8 2.9 (0.1) 29,034

2.9 8Deutsche Bank AG 137 9 2.8 (0.1) 27,807

2.4 11Goldman Sachs & Co 119 10 2.7 0.3 26,376

2.1 12Mitsubishi UFJ Financial 132 11 2.6 0.5 26,083

1.2 17RBC Capital Markets 129 12 2.4 1.2 23,863

1.3 15US Bancorp 169 13 1.9 0.6 18,958

2.7 9BNP Paribas Group 73 14 1.8 (0.9) 18,247

1.4 13PNC Bank 165 15 1.8 0.4 17,892

1.4 14SunTrust Robinson Humphrey 134 16 1.6 0.2 16,267

1.0 19KeyBanc Capital Markets 105 17 1.4 0.4 14,010

1.2 16General Electric Capital Corp 140 18 1.2 - 12,208

0.9 20UBS 67 19 1.2 0.3 12,140

0.8 21BMO Capital Markets 99 20 1.0 0.2 10,271

TOTAL 100% 100% 2,122 994,933

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

1,328,490

Basic Materials 3.62%

Consumer Prod/Svcs 36.56%

Financial 16.36%

Industrial 11.90%

Oil/Gas/Elect 17.96%

Tech/Comm 13.60%

Total: 100.00%

INDUSTRY BREAKDOWN

0

100,000

200,000

300,000

400,000

500,000

600,000

100

200

300

400

500

600

700

800

900

1000

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

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2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals


LEAG <GO> LREP <GO>LEAG <GO>LALT <GO>LMX <GO>LREP <GO>

Bloomberg

U.S. Leveraged Loans

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012



14.3 2JP Morgan 245 2 12.1 (2.2) 49,110

8.5 3Wells Fargo & Co 232 3 9.3 0.8 37,743

6.9 4Credit Suisse 137 4 6.9 - 27,925

5.6 5Citi 118 5 5.8 0.2 23,498

5.2 6Barclays 119 6 5.7 0.5 23,372

4.7 8Goldman Sachs & Co 101 7 5.0 0.3 20,217

4.6 9Morgan Stanley 84 8 4.6 - 18,538

4.8 7Deutsche Bank AG 100 9 4.3 (0.5) 17,638

2.2 13RBC Capital Markets 95 10 4.2 2.0 17,172

2.7 10General Electric Capital Corp 128 11 2.7 - 10,970

2.3 11SunTrust Robinson Humphrey 92 12 2.6 0.3 10,529

1.8 15UBS 55 13 2.2 0.4 8,793

1.3 18KeyBanc Capital Markets 66 14 2.1 0.8 8,465

2.0 14RBS 56 15 2.0 - 8,031


1.0 21Jefferies Group Inc 40 17 1.8 0.8 7,194



1.1 20PNC Bank 57 20 1.2 0.1 4,943

TOTAL 100% 100% 1,139 406,901

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

rated at all. Volume in USD millions.

500,951



Financial 10.17%

Industrial 11.07%


Tech/Comm 17.27%

Total: 100.00%

INDUSTRY BREAKDOWN

0

40,000

80,000

120,000

160,000

200,000

240,000

50

100

150

200

250

300

350

400

450

500

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Canada Loans

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


18.4 2TD Securities 75 1 19.2 0.8 26,931

14.5 4CIBC 91 2 18.3 3.8 25,728

14.8 3Scotiabank 75 3 15.4 0.6 21,589

20.2 1RBC Capital Markets 62 4 13.0 (7.2) 18,237


6.1 6National Bank Financial Inc 50 6 6.7 0.6 9,476

2.8 7JP Morgan 22 7 3.3 0.5 4,569

1.4 10Citi 12 8 2.6 1.2 3,636


0.7 17Desjardins Capital Markets 6 10 1.2 0.5 1,747

0.8 12HSBC Bank PLC 14 11 1.2 0.4 1,687

2.5 8Morgan Stanley 6 12 1.1 (1.4) 1,611

0.9 11UBS 7 13 1.1 0.2 1,475

0.7 15Barclays 7 14 0.8 0.1 1,073

- -Mitsubishi UFJ Financial 5 15 0.6 - 831

0.5 19Goldman Sachs & Co 5 16 0.6 0.1 815

0.3 20Deutsche Bank AG 4 17 0.6 0.3 792

0.6 18ATB Financial 8 18 0.6 - 782

0.8 13Credit Suisse 4 19 0.5 (0.3) 734

- 36Rabobank Nederland 3 20 0.5 0.5 633

TOTAL 100% 100% 340 140,420

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

128,324



Financial 9.25%

Government 2.84%

Industrial 9.29%


Tech/Comm 9.87%

Total: 100.00%

INDUSTRY BREAKDOWN

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

20

40

60

80

100

120

140

160

180

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


4.6 8Banco Bilbao Vizcaya Argentaria 14 1 7.8 3.2 2,360


3.9 13HSBC Bank PLC 11 3 6.4 2.5 1,947

4.6 7Banco Santander SA 10 4 6.2 1.6 1,881

12.4 1Citi 9 5 5.3 (7.1) 1,608

5.3 5Sumitomo Mitsui Financial Group Inc 8 6 4.9 (0.4) 1,504

3.0 15JP Morgan 6 7 4.8 1.8 1,447

- -Banco Nacional de Desen Economico e Soci 2 8 4.5 - 1,358

1.9 17BNP Paribas Group 4 9 4.0 2.1 1,205


4.1 12ING Groep NV 10 11 3.0 (1.1) 923

1.2 20RBS 1 12 2.9 1.7 891

6.2 3Banco Itau BBA SA 6 13 2.7 (3.5) 831

4.7 6Mizuho Financial Group Inc 7 14 2.5 (2.2) 761

- -Caixa Economica Federal 1 15 2.2 - 658

- -Servizi Assicurativi del Commercio Ester 1 16 2.0 - 600

1.7 18Scotiabank 8 17 1.5 (0.2) 468

4.3 11Credit Agricole CIB 6 18 1.5 (2.8) 453

- -International Finance Corp 2 19 1.3 - 390

1.1 22Bradesco BBI SA 2 20 1.2 0.1 365

TOTAL 100% 100% 54 30,401 25,742



Financial 3.24%

Industrial 37.65%


Tech/Comm 1.41%

Total: 100.00%

INDUSTRY BREAKDOWN

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

8

10

12

14

16

18

20

22

24

26

2011

Q1 20

11

Q2 20

11

Q3 20

11

Q4 20

12

Q1 20

12

Q2 20

12

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


- -International Finance Corp 2 1 10.2 - 1,810

- -Inter-American Development Bank 1 2 8.7 - 1,550

8.5 1HSBC Bank PLC 10 3 8.5 - 1,516


7.1 3Mizuho Financial Group Inc 6 5 6.2 (0.9) 1,111

6.1 7Citi 11 6 5.5 (0.6) 987

7.6 2Banco Santander SA 8 7 5.2 (2.4) 928

5.2 10Banco Itau BBA SA 6 8 4.7 (0.5) 831

2.8 15Sumitomo Mitsui Financial Group Inc 3 9 4.4 1.6 783

4.5 12ING Groep NV 6 10 3.8 (0.7) 684

5.4 9Banco Bilbao Vizcaya Argentaria 6 11 3.6 (1.8) 643

6.6 6Credit Agricole CIB 5 12 3.1 (3.5) 553

1.8 17BNP Paribas Group 2 13 2.6 0.8 459

4.9 11Bank of America Merrill Lynch 1 14 2.2 (2.7) 400

- -Morgan Stanley 2 15 2.0 - 354

2.7 16Standard Chartered PLC 4 16 1.9 (0.8) 336

0.1 35Bradesco BBI SA 1 17 1.9 1.8 331

6.8 5JP Morgan 3 18 1.8 (5.0) 324

0.8 21WestLB AG 2 19 1.8 1.0 317

0.2 28Rabobank Nederland 1 20 1.7 1.5 300

TOTAL 100% 100% 46 17,791 23,204



Financial 7.17%

Industrial 15.66%


Tech/Comm 2.41%

Total: 100.00%

INDUSTRY BREAKDOWN

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

10

12

14

16

18

20

2011

Q1 20

11

Q2 20

11

Q3 20

11

Q4 20

12

Q1 20

12

Q2 20

12

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


4.6 3RBS 170 1 5.1 0.5 26,277

4.5 4Deutsche Bank AG 142 2 4.8 0.3 24,639


4.4 5HSBC Bank PLC 196 4 4.7 0.3 24,181

3.9 6Societe Generale 137 5 3.8 (0.1) 19,666

3.1 12JP Morgan 100 6 3.4 0.3 17,677

4.7 2Credit Agricole CIB 115 7 3.4 (1.3) 17,646

3.5 8Barclays 136 8 3.3 (0.2) 17,272

3.4 9Citi 118 9 3.1 (0.3) 15,870

3.2 10UniCredit 129 10 3.1 (0.1) 15,819

3.2 11Commerzbank AG 130 11 2.8 (0.4) 14,469


3.5 7ING Groep NV 127 13 2.6 (0.9) 13,637


2.0 18Lloyds TSB Corporate Markets 115 15 2.3 0.3 11,856



0.5 41La Caixa 50 18 1.8 1.3 9,507

2.4 14Natixis 79 19 1.7 (0.7) 8,642

1.3 26Mizuho Financial Group Inc 59 20 1.6 0.3 8,393

TOTAL 100% 100% 781 515,610

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

860,234



Financial 16.08%

Government 7.94%

Industrial 14.83%


Tech/Comm 9.86%

Total: 100.00%

INDUSTRY BREAKDOWN

80,000

120,000

160,000

200,000

240,000

280,000

320,000

160

200

240

280

320

360

400

440

480

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


5.0 5Deutsche Bank AG 106 1 6.5 1.5 27,885


4.8 6RBS 91 3 4.8 - 20,888

3.0 14JP Morgan 69 4 4.7 1.7 20,084

4.4 7Citi 83 5 4.2 (0.2) 18,043



5.1 4HSBC Bank PLC 96 8 3.8 (1.3) 16,324

3.5 11UniCredit 83 9 3.6 0.1 15,383


4.0 8Barclays 73 11 3.4 (0.6) 14,618

3.7 9Commerzbank AG 95 12 3.2 (0.5) 13,893


3.7 10ING Groep NV 75 14 2.8 (0.9) 12,052


0.4 40La Caixa 27 16 2.3 1.9 10,081

0.2 50Bankia SA 18 17 2.2 2.0 9,325

2.1 15Lloyds TSB Corporate Markets 54 18 2.0 (0.1) 8,702

2.1 16Mitsubishi UFJ Financial 45 19 2.0 (0.1) 8,523

0.1 67Instituto de Credito Oficial 6 20 1.9 1.8 8,120

TOTAL 100% 100% 536 430,809


724,969



Financial 14.36%

Government 9.10%

Industrial 12.59%


Tech/Comm 10.59%

Total: 100.00%

INDUSTRY BREAKDOWN

80,000

120,000

160,000

200,000

240,000

280,000

120

160

200

240

280

320

360

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA High Yield Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


7.4 1Deutsche Bank AG 30 1 9.4 2.0 7,371

2.7 12RBS 29 2 8.2 5.5 6,438

3.6 6JP Morgan 25 3 5.4 1.8 4,213


3.2 9Goldman Sachs & Co 20 5 4.9 1.7 3,836

3.4 8HSBC Bank PLC 30 6 4.6 1.2 3,648

0.8 32Nomura Holdings Inc 10 7 4.4 3.6 3,471

5.0 4UniCredit 18 8 4.2 (0.8) 3,273

2.3 15Commerzbank AG 14 9 3.2 0.9 2,547

2.6 13Barclays 24 10 2.7 0.1 2,128



0.4 51Landesbank Baden-Wuerttemberg 3 13 2.4 2.0 1,868

2.0 18Credit Suisse 15 14 2.3 0.3 1,789

5.4 3Morgan Stanley 13 15 2.2 (3.2) 1,739

2.3 16Citi 19 16 2.2 (0.1) 1,710

3.4 7ING Groep NV 24 17 2.2 (1.2) 1,690

2.2 17Natixis 13 18 2.0 (0.2) 1,533



TOTAL 100% 100% 138 78,514

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

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

160,679



Financial 5.30%

Industrial 17.69%

Oil/Gas/Elect 3.27%

Tech/Comm 13.86%

Total: 100.00%

INDUSTRY BREAKDOWN

0

10,000

20,000

30,000

40,000

50,000

60,000

20

40

60

80

100

120

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA High Yield Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


8.8 1Deutsche Bank AG 26 1 11.2 2.4 7,933


3.6 10JP Morgan 21 3 7.2 3.6 5,114

2.0 18RBS 12 4 6.1 4.1 4,327


3.9 7Goldman Sachs & Co 16 6 5.4 1.5 3,799

3.9 8HSBC Bank PLC 17 7 4.7 0.8 3,348

6.0 4UniCredit 12 8 4.3 (1.7) 3,081

3.8 9Barclays 16 9 3.1 (0.7) 2,220

1.5 19Commerzbank AG 9 10 3.0 1.5 2,127

3.2 15Credit Suisse 13 11 2.7 (0.5) 1,912

2.8 16Citi 15 12 2.5 (0.3) 1,749

6.3 3Morgan Stanley 10 13 2.3 (4.0) 1,631

2.5 17UBS 11 14 2.2 (0.3) 1,591


0.5 36Landesbank Baden-Wuerttemberg 1 16 2.2 1.7 1,556



3.5 12ING Groep NV 13 19 1.7 (1.8) 1,238


TOTAL 100% 100% 101 70,966

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

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

140,989



Financial 4.27%

Industrial 12.16%

Oil/Gas/Elect 2.93%

Tech/Comm 15.34%

Total: 100.00%

INDUSTRY BREAKDOWN

0

10,000

20,000

30,000

40,000

50,000

60,000

10

20

30

40

50

60

70

80

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Sponsor-led Lev Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


2.7 14RBS 15 1 10.4 7.7 3,791


4.0 8Goldman Sachs & Co 8 3 6.1 2.1 2,246


9.0 1Deutsche Bank AG 12 5 4.7 (4.3) 1,710


4.3 7JP Morgan 11 7 3.8 (0.5) 1,375

3.4 11HSBC Bank PLC 17 8 3.6 0.2 1,306

1.8 16Natixis 9 9 3.6 1.8 1,299

5.8 3UniCredit 13 10 3.2 (2.6) 1,160

3.1 12UBS 8 11 3.1 - 1,149

1.8 17Barclays 7 12 2.9 1.1 1,063

1.0 26Credit Suisse 8 13 2.9 1.9 1,060

6.9 2Morgan Stanley 6 14 2.9 (4.0) 1,054

- -Jefferies Group Inc 4 15 2.9 - 1,048

5.8 4BNP Paribas Group 13 16 2.6 (3.2) 938

0.8 30Citi 11 17 2.4 1.6 877

0.9 27RBC Capital Markets 5 18 2.1 1.2 778

3.9 9ING Groep NV 12 19 2.1 (1.8) 756

2.6 15Commerzbank AG 9 20 1.8 (0.8) 645

TOTAL 100% 100% 75 36,567

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.

70,151


Financial 7.56%

Industrial 10.09%

Oil/Gas/Elect 2.54%

Tech/Comm 17.20%

Total: 100.00%

INDUSTRY BREAKDOWN

0

4,000

8,000

12,000

16,000

20,000

24,000

28,000

32,000

0

5

10

15

20

25

30

35

40

45

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Sponsor-led Leveraged Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012



4.6 8Goldman Sachs & Co 8 2 7.5 2.9 2,320

2.5 15RBS 4 3 6.3 3.8 1,957

11.0 1Deutsche Bank AG 11 4 5.4 (5.6) 1,680



2.6 14JP Morgan 9 7 4.1 1.5 1,276

4.5 9UBS 8 8 3.7 (0.8) 1,149


7.3 3Morgan Stanley 6 10 3.5 (3.8) 1,098

3.5 12Barclays 5 11 3.4 (0.1) 1,058

7.4 2UniCredit 8 12 3.3 (4.1) 1,028

2.1 20Credit Suisse 7 13 3.3 1.2 1,022

- -Jefferies Group Inc 3 14 3.1 - 955

3.6 11HSBC Bank PLC 9 15 2.9 (0.7) 901

1.0 24Citi 9 16 2.9 1.9 891

3.9 10ING Groep NV 7 17 2.1 (1.8) 654



2.1 19Commerzbank AG 5 20 1.4 (0.7) 433

TOTAL 100% 100% 52 31,103

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.

55,033


Financial 3.75%

Industrial 5.84%

Oil/Gas/Elect 1.67%

Tech/Comm 19.27%

Total: 100.00%

INDUSTRY BREAKDOWN

0

4,000

8,000

12,000

16,000

20,000

24,000

0

5

10

15

20

25

30

35

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Investment Grade Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012



4.2 8Barclays 37 2 4.8 0.6 8,873



5.3 3Citi 42 5 4.5 (0.8) 8,241

4.8 6HSBC Bank PLC 43 6 4.4 (0.4) 8,147

5.6 2RBS 39 7 4.4 (1.2) 8,141


5.1 4Deutsche Bank AG 29 9 3.9 (1.2) 7,201

0.2 49La Caixa 4 10 3.7 3.5 6,890

- 80Banco Popular Espanol SA 4 11 3.6 3.6 6,727

- -Bankia SA 2 12 3.5 - 6,561

- -Instituto de Credito Oficial 2 12 3.5 - 6,561

4.5 7JP Morgan 32 14 3.4 (1.1) 6,323

3.3 11Bank of America Merrill Lynch 26 15 3.4 0.1 6,223



2.3 16Mizuho Financial Group Inc 24 18 2.3 - 4,201

2.2 19Sumitomo Mitsui Financial Group Inc 20 19 2.3 0.1 4,168

2.3 17UniCredit 22 20 2.1 (0.2) 3,808

TOTAL 100% 100% 84 184,911

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

millions.

283,223



Financial 14.72%

Government 21.25%

Industrial 6.56%


Tech/Comm 10.13%

Total: 100.00%

INDUSTRY BREAKDOWN

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

20

25

30

35

40

45

50

55

60

65

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Investment Grade Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


6.6 3Citi 30 1 6.3 (0.3) 11,151


4.6 7Deutsche Bank AG 21 3 5.5 0.9 9,692



0.2 43La Caixa 3 6 4.6 4.4 8,097

4.6 8Barclays 26 7 4.5 (0.1) 7,992

- -Instituto de Credito Oficial 2 8 4.5 - 7,879

5.9 5RBS 29 9 4.4 (1.5) 7,792

- -Bankia SA 1 10 4.3 - 7,630

3.9 10Bank of America Merrill Lynch 19 11 4.2 0.3 7,412


4.1 9JP Morgan 22 13 3.9 (0.2) 6,840

6.3 4HSBC Bank PLC 26 14 3.7 (2.6) 6,534

1.6 20Morgan Stanley 8 15 3.3 1.7 5,762


1.7 19UniCredit 18 17 2.3 0.6 4,073

3.0 15ING Groep NV 13 18 2.2 (0.8) 3,802


3.5 13Commerzbank AG 13 20 1.9 (1.6) 3,344

TOTAL 100% 100% 65 175,871

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

millions.

267,813



Financial 13.59%

Government 21.85%

Industrial 6.51%


Tech/Comm 10.65%

Total: 100.00%

INDUSTRY BREAKDOWN

0

20,000

40,000

60,000

80,000

100,000

120,000

15

20

25

30

35

40

45

50

55

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Islamic Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


10.5 1HSBC Bank PLC 9 1 18.3 7.8 2,089

3.9 8Banque Saudi Fransi 6 2 10.3 6.4 1,167

0.4 39Al-Rajhi Banking & Investment Corp 5 3 10.1 9.7 1,150

2.2 17Kingdom of Saudi Arabia 5 4 8.5 6.3 972

3.0 13Riyad Bank 4 5 8.1 5.1 927

9.7 2Samba Capital 4 6 7.3 (2.4) 833

- -Saudi Hollandi Bank 3 7 6.9 - 784

4.7 6Noor Islamic Bank 5 8 4.5 (0.2) 512

4.5 7Arab National Bank 1 9 3.4 (1.1) 393

7.5 3Emirates NBD PJSC 3 10 3.4 (4.1) 387

- -Alinma Bank 2 11 3.0 - 339

- -Bank Al-Jazira 2 11 3.0 - 339

3.3 11Arab Banking Corp 3 13 2.0 (1.3) 229

5.0 5Standard Chartered PLC 3 13 2.0 (3.0) 229

- -Bank Albilad 1 15 1.7 - 190

2.7 14Dubai Islamic Bank 1 16 1.5 (1.2) 171

3.8 10Citi 2 17 1.5 (2.3) 166

3.2 12National Bank of Abu Dhabi 2 18 0.9 (2.3) 103

1.1 24Deutsche Bank AG 1 19 0.8 (0.3) 91

- -Al Hilal Bank 1 20 0.7 - 76

TOTAL 100% 100% 17 11,386


6,037



Financial 29.87%

Government 8.26%

Industrial 10.34%


Tech/Comm 23.42%

Total: 100.00%

INDUSTRY BREAKDOWN

0

1,000

2,000

3,000

4,000

5,000

6,000

0

2

4

6

8

10

12

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Islamic Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


4.2 9Noor Islamic Bank 5 1 24.8 20.6 512

19.4 1Emirates NBD PJSC 3 2 18.7 (0.7) 387

5.6 8Arab Banking Corp 3 3 11.1 5.5 229

8.9 4Standard Chartered PLC 3 3 11.1 2.2 229

1.8 12Dubai Islamic Bank 1 5 8.3 6.5 171

2.0 11National Bank of Abu Dhabi 2 6 6.8 4.8 140

7.8 5HSBC Bank PLC 1 7 4.2 (3.6) 87

- -Al Hilal Bank 1 8 3.7 - 76

- -Bank Islam Brunei Darussalam 1 8 3.7 - 76

16.3 2Citi 1 10 3.6 (12.7) 75

- -Qinvest Investment Banking 1 11 2.4 - 50

- -Barwa Bank 1 12 1.8 - 37

TOTAL 100% 100% 8 2,068


3,907

Financial 100.00%

Total: 100.00%

INDUSTRY BREAKDOWN

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

1

2

3

4

5

6

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Western Europe Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


4.8 3RBS 160 1 5.6 0.8 25,092

4.8 4Deutsche Bank AG 128 2 5.3 0.5 23,512


4.6 5HSBC Bank PLC 162 4 4.4 (0.2) 19,777



3.2 11JP Morgan 86 7 3.7 0.5 16,422

3.7 7Barclays 116 8 3.4 (0.3) 15,275

3.0 12UniCredit 109 9 3.2 0.2 14,448


3.2 9Commerzbank AG 112 11 3.0 (0.2) 13,318


3.2 10Citi 84 13 2.8 (0.4) 12,657


3.3 8ING Groep NV 94 15 2.5 (0.8) 11,183



0.6 41La Caixa 50 18 2.1 1.5 9,507

0.4 45Bankia SA 24 19 1.8 1.4 8,030

2.4 14Natixis 69 20 1.8 (0.6) 7,869

TOTAL 100% 100% 642 447,610 730,492



Financial 13.68%

Government 8.56%

Industrial 16.31%


Tech/Comm 9.63%

Total: 100.00%

INDUSTRY BREAKDOWN

80,000

120,000

160,000

200,000

240,000

280,000

160

200

240

280

320

360

400

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Western Europe Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


5.1 5Deutsche Bank AG 101 1 6.8 1.7 27,258


4.9 6RBS 86 3 5.0 0.1 20,001

3.1 14JP Morgan 66 4 4.9 1.8 19,582



4.0 8Citi 65 7 4.0 - 15,841


5.4 4HSBC Bank PLC 86 9 3.7 (1.7) 14,947

3.3 13UniCredit 72 10 3.5 0.2 14,094


4.0 7Commerzbank AG 88 12 3.4 (0.6) 13,583

3.9 9Barclays 67 13 3.4 (0.5) 13,506

3.7 11ING Groep NV 61 14 2.8 (0.9) 11,255


0.4 39La Caixa 27 16 2.5 2.1 10,081

0.2 45Bankia SA 18 17 2.3 2.1 9,325

2.4 15Lloyds TSB Corporate Markets 54 18 2.2 (0.2) 8,702

0.1 59Instituto de Credito Oficial 6 19 2.0 1.9 8,120

2.1 16Morgan Stanley 20 20 1.9 (0.2) 7,749

TOTAL 100% 100% 460 398,853 627,450



Financial 12.38%

Government 9.61%

Industrial 13.40%


Tech/Comm 10.25%

Total: 100.00%

INDUSTRY BREAKDOWN

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

220,000

240,000

100

120

140

160

180

200

220

240

260

280

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia ex-Japan Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


12.3 1State Bank of India 47 1 8.8 (3.5) 15,612

6.0 2Bank of China 84 2 4.7 (1.3) 8,382

4.6 3HSBC Bank PLC 90 3 3.6 (1.0) 6,472

4.0 4Standard Chartered PLC 89 4 3.6 (0.4) 6,381


2.7 7DBS Group Holdings Ltd 67 6 3.3 0.6 5,948

1.3 18Maybank 36 7 3.3 2.0 5,884

1.6 16Korea Development Bank 44 8 3.2 1.6 5,714

0.8 37KB Financial Group 30 9 3.2 2.4 5,622

2.4 10Oversea-Chinese Banking Corp 48 10 3.2 0.8 5,616

2.6 8Mitsubishi UFJ Financial 56 11 2.6 - 4,580

2.1 12United Overseas Bank 48 12 2.5 0.4 4,465

3.2 6Axis Bank Ltd 19 13 2.1 (1.1) 3,683

2.2 11Mizuho Financial Group Inc 58 14 2.0 (0.2) 3,487

0.8 39Bank of Taiwan 54 15 1.9 1.1 3,404

1.8 15ANZ Banking Group 43 16 1.8 - 3,228

2.6 9IDBI Bank Ltd 13 17 1.8 (0.8) 3,147

0.7 42China Development Bank 10 18 1.7 1.0 3,060

0.8 34CIMB 22 19 1.5 0.7 2,748

1.4 17Mega Financial Holding Co Ltd 47 20 1.4 - 2,476

TOTAL 100% 100% 695 177,716

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

261,486



Financial 29.99%

Industrial 19.13%


Tech/Comm 7.76%

Total: 100.00%

INDUSTRY BREAKDOWN

30,000

40,000

50,000

60,000

70,000

80,000

90,000

80

120

160

200

240

280

320

360

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

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2010

Q4

2011

Q1

2011

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2011

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Q1

2012

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2012

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QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia ex-Japan Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012



6.4 2Bank of China 30 2 5.5 (0.9) 6,228

4.7 3HSBC Bank PLC 43 3 4.7 - 5,394

4.2 5Standard Chartered PLC 45 4 4.5 0.3 5,098



1.3 23Bank of Taiwan 47 7 3.7 2.4 4,221

3.5 6Axis Bank Ltd 18 8 3.3 (0.2) 3,727

2.8 9Sumitomo Mitsui Financial Group Inc 23 9 2.8 - 3,206

3.1 7DBS Group Holdings Ltd 28 10 2.7 (0.4) 3,035

4.4 4IDBI Bank Ltd 11 11 2.7 (1.7) 3,033

0.5 43Woori Finance Holdings Co Ltd 10 12 2.0 1.5 2,325

1.9 14Taiwan Cooperative Bank 45 13 1.9 - 2,197

2.3 13Mega Financial Holding Co Ltd 32 14 1.9 (0.4) 2,192



1.7 16Mizuho Financial Group Inc 26 17 1.7 - 1,931


0.8 37Shinhan Financial Group Co Ltd 11 19 1.5 0.7 1,755

2.3 12ANZ Banking Group 20 20 1.5 (0.8) 1,736

TOTAL 100% 100% 421 114,123

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

178,116



Financial 31.78%

Industrial 19.28%


Tech/Comm 9.38%

Total: 100.00%

INDUSTRY BREAKDOWN

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

60

80

100

120

140

160

180

200

220

2009

Q1

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Q2

2009

Q3

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Q4

2010

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2010

Q2

2010

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2011

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2012

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2012

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QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia-Pac ex-Japan Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012



5.6 2ANZ Banking Group 138 2 6.0 0.4 14,066

4.8 3Bank of China 88 3 3.9 (0.9) 9,022

4.5 4National Australia Bank Ltd 74 4 3.7 (0.8) 8,585

4.2 5HSBC Bank PLC 112 5 3.6 (0.6) 8,415

3.5 6Westpac Banking 81 6 3.6 0.1 8,345


3.4 8Commonwealth Bank Australia 68 8 3.2 (0.2) 7,506


3.1 9Standard Chartered PLC 93 10 2.9 (0.2) 6,728

2.3 12DBS Group Holdings Ltd 68 11 2.6 0.3 6,140


1.0 25Maybank 36 13 2.5 1.5 5,884





2.4 11Axis Bank Ltd 19 18 1.6 (0.8) 3,683

0.6 45Bank of Taiwan 55 19 1.5 0.9 3,456


TOTAL 100% 100% 843 232,819

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

345,289



Financial 28.23%

Industrial 18.96%


Tech/Comm 7.70%

Total: 100.00%

INDUSTRY BREAKDOWN

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

120,000

130,000

120

160

200

240

280

320

360

400

440

2009

Q1

2009

Q2

2009

Q3

2009

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2010

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2010

Q2

2010

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QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia-Pac ex-Japan Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012



5.5 3Bank of China 32 2 5.2 (0.3) 6,571

4.1 5HSBC Bank PLC 44 3 4.3 0.2 5,418

6.8 2ANZ Banking Group 36 4 4.2 (2.6) 5,411

3.6 7Standard Chartered PLC 45 5 4.0 0.4 5,098



1.1 27Bank of Taiwan 47 8 3.3 2.2 4,221


2.9 8Axis Bank Ltd 18 10 2.9 - 3,727


2.9 9DBS Group Holdings Ltd 28 12 2.4 (0.5) 3,035

3.6 6IDBI Bank Ltd 11 13 2.4 (1.2) 3,033

0.4 51Woori Finance Holdings Co Ltd 10 14 1.8 1.4 2,325


1.5 18Taiwan Cooperative Bank 45 16 1.7 0.2 2,197

1.9 15Mega Financial Holding Co Ltd 32 17 1.7 (0.2) 2,192

2.2 13Westpac Banking 15 18 1.7 (0.5) 2,157

2.5 12Citi 20 19 1.7 (0.8) 2,129


TOTAL 100% 100% 456 127,336

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

218,061



Financial 30.68%

Industrial 20.05%


Tech/Comm 9.22%

Total: 100.00%

INDUSTRY BREAKDOWN

30,000

40,000

50,000

60,000

70,000

80,000

90,000

80

100

120

140

160

180

200

220

240

260

2009

Q1

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Q2

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Q2

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2010

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QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Australia/NZ Loans Mandated Arranger

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012




13.4 4Westpac Banking 75 3 14.6 1.2 7,988




3.0 5HSBC Bank PLC 22 7 3.5 0.5 1,943

2.8 6Sumitomo Mitsui Financial Group Inc 14 8 3.4 0.6 1,846

1.7 10Lloyds TSB Corporate Markets 10 9 1.7 - 940

0.9 20Bank of China 4 10 1.2 0.3 640

1.6 11JP Morgan 4 11 1.2 (0.4) 637


2.8 7Citi 4 13 1.1 (1.7) 613

1.1 16Credit Agricole CIB 7 14 1.1 - 591


0.2 40Barclays 8 16 0.7 0.5 406

0.1 49Export Development Canada 3 17 0.7 0.6 394

0.3 36Oversea-Chinese Banking Corp 4 18 0.7 0.4 387

- -Sumitomo Mitsui Trust Holdings Inc 2 19 0.7 - 368

0.4 29Standard Chartered PLC 4 20 0.6 0.2 346

TOTAL 100% 100% 146 54,787

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

83,499



Financial 22.30%

Government 1.48%

Industrial 17.65%


Tech/Comm 7.43%

Total: 100.00%

INDUSTRY BREAKDOWN

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

20

30

40

50

60

70

80

90

2009

Q1

2009

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QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Australia/NZ Loans Book Runner

1/1/12 - 9/30/12

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012


24.4 2National Australia Bank Ltd 12 1 29.1 4.7 3,682


11.5 3Westpac Banking 12 3 14.5 3.0 1,835


1.4 10JP Morgan 2 5 4.0 2.6 503

0.7 21Citi 1 6 3.9 3.2 491

1.3 11Bank of China 2 7 2.7 1.4 343

0.4 29Mizuho Financial Group Inc 2 8 2.4 2.0 310


0.9 15China Development Bank 1 10 1.3 0.4 168

- -Lloyds TSB Corporate Markets 1 11 0.6 - 82

- -General Electric Capital Corp 1 12 0.3 - 40

- -Investec PLC 1 12 0.3 - 40

1.8 9HSBC Bank PLC 1 14 0.2 (1.6) 24


0.4 27Barclays 1 15 0.1 (0.3) 17

- -Wells Fargo & Co 1 15 0.1 - 17

1.1 13TD Securities 1 18 0.1 (1.0) 10

TOTAL 100% 100% 34 12,666

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

39,699



Financial 20.14%

Government 6.42%

Industrial 22.30%


Tech/Comm 7.58%

Total: 100.00%

INDUSTRY BREAKDOWN

0

4,000

8,000

12,000

16,000

20,000

24,000

28,000

32,000

0

5

10

15

20

25

30

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45

2009

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USD (Mln) / #Deals



Bloomberg Syndicated Loans - League Criteria

General Guidelines To be awarded credit within Bloomberg’s 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 agreement’s 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 borrower’s country of incorporation, with the exception of Bloomberg’s Asia-Pacific and Latin American tables, which are based upon the principal borrower’s 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 lender’s 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 Bloomberg’s 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 FRN’s, Club Transactions and Self Arranged Transactions defined as FRN’s, 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 Moody’s 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 Moody’s 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 Bloomberg’s 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 deal’s cancellation or withdrawal.

Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional:

{IDOC 2065648 <GO>}: Syndicated Loans {IDOC 2061504 <GO>}: Structured Note {IDOC 2016703 <GO>}: Fixed Income {IDOC 2016701 <GO>}: Equity {IDOC 2027097 <GO>}: Equity Linked {IDOC 2027014 <GO>}: Legal Adviser Fixed Income {IDOC 2021549 <GO>}: Legal Adviser Equity

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.

Bloomberg Global Syndicated Loan Q2 2012

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