Germany, Austria and Switzerland Syndicated Loans The l argest DACH s yndicated loan to sign in July 2014 wa s Bertelsmann AG’s $1.6bn fa cility, the l argest l oan from the borrower since its $1.7bn refi nancing loan signed in June 2011
•
Germany s yndi cated l oans of $98.9bn in 2014 YTD was up 38% on $71.7bn s i gned in 2013 YTD, despite an 8% decrease in deal a ctivi ty over the same peri od
•
Swiss s yndicated l ending totaled $39.5bn via 26 deals i n 2014 YTD. Vol ume wa s up from $26.5bn i n 2013 YTD a nd a t the highest YTD volume since 2005 ($41.1bn), wi th deal a ctivi ty also up 8% year‐on‐year
•
Wi th $4.4bn s igned via five deals, Austrian l oa n volume stood a t the hi ghest YTD vol ume on record, driven by Strabag SE's $2.7bn facility from June 2014, the s econd largest Austrian s yndicated loan on record. The s ole Aus tri an loan signed i n July 2014 wa s the $544m fa cility by EVN AG
•
2014 YTD DACH Region Syndicated Loan Bookrunner Ranking
Rank Bookrunner
1
UniCredit
Deal Value $m
Deals
11,780
51
Share % Last YTD
10.0
Top Syndicated Loan Deals Last Month: Germany, Austria and Switzerland
Date
Value $m
Borrower
Nationality
Industry
2nd Jul 2014
1,642
Bertelsmann AG
Germany
Publishing
3rd Jul 2014
1,435
Red & Black Holding GmbH
Germany
Textile
1st Jul 2014
751
FGA Bank Germany GmbH
Germany
Finance
16th Jul 2014
680
Carl Zeiss AG
Germany
Healthcare
30th Jul 2014
671
DMK Deutsches Milchkontor GmbH
Germany
Food & Beverage
8th Jul 2014
616
TeamViewer GmbH
Germany
Technology
1st Jul 2014
600
Fresenius Medical Care AG & CO KGaA
Germany
Healthcare
7th Jul 2014
544
EVN AG
Austria
Utility & Energy
14th Jul 2014
490
Hauptgenossenschaft Nord AG
Germany
Chemicals
31st Jul 2014
345
Gunvor Group Ltd
Switzerland
Oil & Gas
Year to Date DACH Region Syndicated Loans: By Borrower Nationality
01 Jan ‐ 31 Jul
$bn
250
207.9
1
2
Commerzbank Group
10,102
62
8.6
3
3
BNP Paribas
8,149
17
6.9
4
4
Deutsche Bank
7,852
43
6.7
2
5
Bank of America Merrill Lynch
7,385
13
6.3
15
6
Mizuho
6,057
7
5.1
24
7
ING
5,649
23
4.8
8
8
HSBC
4,794
21
4.1
9
9
RBS
4,402
17
3.7
6
10
LBBW
3,970
23
3.4
7
189.7
200
142.8
141.0
150
86.0
100
78.3
85.8
90.2
2009
2010
2011
103.3
99.1
2012
2013
61.9
50
0
2004
2005
2006
2007
Total Syndicated Loan Volume
NOTE: Year to Date period comprises 01 Jan ‐ 31 Jul. DACH Region covers Germany, Austria and Switzerland
2008
Germany
Switzerland
2014
Austria
Copyright © 2014 Dealogic Ltd Data as of August 11, 2014 

LC-XG400外観寸法図.PDF