Best global loan house:
Bank of America Merrill Lynch
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Also shortlisted: |
An intense focus on building its strategic footprint outside the US means that Bank of America Merrill Lynch is now a truly global loan provider. For thoughtful solutions globally across both investment grade and high yield, the bank is Euromoney’s global loan house for 2015.
Bank of America Merrill Lynch is a lending powerhouse. According to Dealogic, it was mandated lead arranger on 1,695 facilities during the awards period, representing $337.9 billion of business and a 7.3% market share.
“It all starts with this product,” says Peter Hall, global head of investment-grade loan syndicate at BAML, based in Charlotte, NC. “Bonds, hedging, M&A are all built around loans. This is the primary product and it is critical to our franchise.”
With 70% to 90% of the global loan market being US based, size and depth in these markets is crucial. Last year, with the focus increasingly on M&A, expertise in acquisition lending was also a prerequisite. In addition to topping the M&A bookrunner league tables by number of deals, BAML was integral to some of the key transactions of the year.