Project finance roll of honour

10 min read

Project Finance International and Thomson Reuters sdc have been collecting data on the PF market since the early 1980s. here is the record of the PF industry’s fundraising activities over the last 10 years in league table form. Since 2003, PFI has awarded a global bank of the year, a roll of honour indeed.

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Global Top 20 Advisers 2003 to 2012
1	PwC	99,041
2	HSBC	91,474
3	Macquarie	83,599
4	Societe Generale	77,462
5	Ernst & Young	63,464
6	Royal Bank of Scotland	63,245
7	Credit Agricole	62,467
8	KPMG	53,466
9	Mizuho	48,358
10	BNP Paribas	43,172
11	Citigroup	42,874
12	SMBC	29,662
13	SBI Capital	27,209
14	Royal Bank of Canada	25,243
15	Natixis	23,389
16	Standard Chartered	20,752
17	Deutsche	17,376
18	Taylor de Jongh	14,561
19	ING	13,126
20	Rothschild	9,570

Global Top 10 Law Firms 1999 to 2012 (deals closed over US$500m)
	Lender	Sponsor	Total
1	Allen & Overy	135	79	214
2	Clifford Chance	117	80	197
3	Linklaters	84	64	148
4	Milbank Tweed	97	36	133
5	Latham & Watkins	62	58	120
6	White & Case	52	55	107
7	Shearman & Sterling	55	46	101
8	Allens	41	23	64
9	Norton Rose	37	20	57
10	Skadden Arps	27	23	50

Global bank of the year
2012	SMBC
2011	BTMU
2010	Standard Chartered
2009	Calyon
2008	SMBC
2007	RBS
2006	Calyon
2005	SG
2004	RBS
2003	Citigroup

Global Non Recourse Project Bonds 2003 - 2012
	No of deals	Volume (US$m)
1	Citigroup	70	24,862
2	Credit Suisse	48	20,505
3	Lehman Brothers	39	17,388
4	Deutsche	33	15,993
5	Goldman Sachs	18	15,574
6	Royal Bank of Canada	44	13,003
7	HSBC	30	10,692
8	Royal Bank of Scotland	26	9,243
9	BNP Paribas	29	8,067
10	Barclays Capital	28	7,930
	Total		230,376

Global PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	State Bank of India	240	89,976.60	5.5
2	RBS	514	81,506.80	5
3	BNP Paribas SA	630	77,870.10	4.8
4	Credit Agricole CIB	543	61,937.40	3.8
5	Societe Generale	399	51,347.00	3.2
6	Mitsubishi UFJ Financial Group	487	49,099.40	3
7	Sumitomo Mitsui Finl Grp Inc	406	46,818.70	2.9
8	Mizuho Financial Group	343	42,568.70	2.6
9	Dexia SA	388	38,340.60	2.4
10	BBVA	394	36,197.30	2.2
11	Portigon AG	333	35,321.10	2.2
12	ING	316	31,518.30	1.9
13	Santander	365	31,395.30	1.9
14	HSBC Holdings PLC	254	31,308.80	1.9
15	UniCredit	339	30,466.30	1.9
16	Lloyds Bank	234	29,100.70	1.8
17	Citigroup	181	28,723.40	1.8
18	Barclays	227	26,938.80	1.7
19	Natixis	219	22,908.70	1.4
20	IDBI Bank Ltd	56	22,750.50	1.4
	Total	5,021	1,624,754.10

EMEA Global PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	RBS	335	60,461.60	7.3
2	BNP Paribas SA	391	53,999.10	6.5
3	Credit Agricole CIB	282	38,271.90	4.6
4	Societe Generale	262	36,177.10	4.3
5	Dexia SA	288	27,697.60	3.3
6	BBVA	271	25,797.80	3.1
7	Lloyds Bank	177	23,834.20	2.9
8	UniCredit	249	23,309.70	2.8
9	Santander	268	23,166.10	2.8
10	Sumitomo Mitsui Finl Grp Inc	197	22,373.40	2.7
11	HSBC Holdings PLC	138	19,841.00	2.4
12	ING	163	18,922.80	2.3
13	Bankia	212	18,321.90	2.2
14	Portigon AG	152	17,160.30	2.1
15	Mitsubishi UFJ Financial Group	123	16,232.20	2
16	Natixis	144	16,196.80	2
17	Barclays	154	16,118.60	1.9
18	Intesa SanPaolo	104	13,955.30	1.7
19	Mizuho Financial Group	92	12,934.40	1.6
20	Standard Chartered PLC	99	11,882.40	1.4
	Total	2,541	832,627.10

Americas Global PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	Mitsubishi UFJ Financial Group	190	17,831.20	6.2
2	Mizuho Financial Group	112	15,917.30	5.5
3	Citigroup	94	13,633.60	4.7
4	Portigon AG	133	13,611.30	4.7
5	Credit Suisse	52	13,518.50	4.7
6	Credit Agricole CIB	157	13,404.80	4.7
7	RBS	97	12,676.00	4.4
8	BNP Paribas SA	136	12,512.60	4.3
9	Societe Generale	86	9,314.60	3.2
10	ING	116	9,167.10	3.2
11	BBVA	105	9,054.20	3.1
12	Barclays	52	8,582.00	3
13	Sumitomo Mitsui Finl Grp Inc	73	8,128.50	2.8
14	Dexia SA	79	7,794.80	2.7
15	Santander	92	7,616.90	2.6
16	Scotiabank	73	6,292.70	2.2
17	RBC Capital Markets	39	5,825.10	2
18	Goldman Sachs & Co	20	5,735.50	2
19	HSH Nordbank	62	5,598.30	1.9
20	HSBC Holdings PLC	56	5,510.90	1.9
	Total	996	287,989.70

Asia Global PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	State Bank of India	236	89,874.20	17.8
2	IDBI Bank Ltd	56	22,750.50	4.5
3	Korea Development Bank	104	20,959.70	4.2
4	Axis Bank Ltd	66	18,097.10	3.6
5	ANZ Banking Group	188	17,475.90	3.5
6	IDFC Ltd	93	16,893.00	3.4
7	Sumitomo Mitsui Finl Grp Inc	136	16,316.90	3.2
8	Mitsubishi UFJ Financial Group	174	15,035.90	3
9	Mizuho Financial Group	139	13,717.10	2.7
10	Commonwealth Bnk of Australia	132	13,683.60	2.7
11	ICICI Bank Ltd	44	13,197.70	2.6
12	Bank of Taiwan	8	12,861.40	2.6
13	National Australia Bank	119	12,796.40	2.5
14	BNP Paribas SA	103	11,358.40	2.3
15	Credit Agricole CIB	104	10,260.70	2
16	Westpac Banking	112	9,294.90	1.8
17	RBS	82	8,369.20	1.7
18	Standard Chartered PLC	78	7,474.30	1.5
19	Bank of China Ltd	22	6,466.00	1.3
20	DBS Group Holdings	47	6,358.20	1.3
	Total	1,484	504,137.30

Global PPP Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	Dexia SA	105	9,014.50	7.5
2	RBS	69	8,838.00	7.3
3	Lloyds Bank	63	8,432.00	7
4	Sumitomo Mitsui Finl Grp Inc	93	8,245.30	6.8
5	Barclays	52	4,239.60	3.5
6	Mitsubishi UFJ Financial Group	42	3,889.90	3.2
7	Societe Generale	30	3,728.50	3.1
8	HSBC Holdings PLC	24	3,287.20	2.7
9	Credit Agricole CIB	29	2,731.90	2.3
10	Mizuho Financial Group	37	2,608.50	2.2
11	Nord/LB	34	2,494.10	2.1
12	Commerzbank AG	14	2,472.30	2.1
13	RBC Capital Markets	16	2,415.90	2
14	Depfa Deutsche Pfandbriefbank	25	2,353.20	2
15	BBVA	30	2,201.70	1.8
16	DBS Group Holdings	9	2,153.80	1.8
17	Portigon AG	16	2,072.10	1.7
18	National Australia Bank	19	1,809.50	1.5
19	BNP Paribas SA	18	1,806.70	1.5
20	NIBC NV	30	1,742.60	1.4
	Total	733	120,882.00

Global Power PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	State Bank of India	89	40,717.30	7.2
2	BNP Paribas SA	251	26,955.40	4.8
3	Credit Agricole CIB	229	23,766.30	4.2
4	RBS	170	23,660.00	4.2
5	Mitsubishi UFJ Financial Group	243	20,224.30	3.6
6	Portigon AG	138	13,961.10	2.5
7	Mizuho Financial Group	131	13,911.70	2.5
8	Societe Generale	127	13,575.90	2.4
9	IDBI Bank Ltd	29	12,867.80	2.3
10	Sumitomo Mitsui Finl Grp Inc	109	12,828.10	2.3
11	Dexia SA	157	11,952.60	2.1
12	BBVA	176	11,371.70	2
13	UniCredit	162	11,243.50	2
14	Barclays	90	10,917.30	1.9
15	Axis Bank Ltd	30	10,859.60	1.9
16	ICICI Bank Ltd	20	10,620.60	1.9
17	Santander	180	10,212.80	1.8
18	ING	116	10,177.90	1.8
19	Natixis	107	9,299.80	1.7
20	Credit Suisse	30	8,999.40	1.6
	Total	2,037	565,172.90

Global Oil & Gas PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	BNP Paribas SA	143	20,548.70	7.6
2	RBS	113	15,756.50	5.8
3	Mizuho Financial Group	82	14,639.40	5.4
4	Societe Generale	92	13,090.30	4.9
5	Credit Agricole CIB	109	12,742.30	4.7
6	Mitsubishi UFJ Financial Group	90	12,232.20	4.5
7	Sumitomo Mitsui Finl Grp Inc	90	10,496.40	3.9
8	ING	95	10,256.50	3.8
9	State Bank of India	20	9,078.80	3.4
10	Citigroup	47	7,120.40	2.6
11	Standard Chartered PLC	65	7,075.00	2.6
12	Credit Suisse	22	6,072.60	2.3
13	Portigon AG	60	6,036.60	2.2
14	HSBC Holdings PLC	42	5,286.00	2
15	Barclays	39	5,030.20	1.9
16	Natixis	43	4,855.30	1.8
17	Lloyds Bank	37	4,741.80	1.8
18	UniCredit	47	4,711.90	1.8
19	Intesa SanPaolo	30	4,623.20	1.7
20	BBVA	37	3,470.50	1.3
	Total	509	269,639.80

Global Transportation PF Loans MLA 2003 - 2012
	Number of issues	Amount (US$m)	Market share
1	RBS	86	19,689.10	5.5
2	BNP Paribas SA	96	14,644.30	4.1
3	BBVA	97	14,596.70	4.1
4	Societe Generale	79	14,299.30	4
5	Credit Agricole CIB	87	14,076.50	3.9
6	Santander	97	13,787.10	3.9
7	Dexia SA	72	13,181.30	3.7
8	Bank of Taiwan	3	12,302.20	3.4
9	Korea Development Bank	25	11,482.80	3.2
10	Bankia	77	9,830.20	2.8
11	UniCredit	61	8,776.90	2.5
12	State Bank of India	75	8,482.20	2.4
13	Commonwealth Bnk of Australia	52	7,183.70	2
14	Depfa Deutsche Pfandbriefbank	33	6,738.80	1.9
15	Lloyds Bank	37	6,664.50	1.9
16	HSBC Holdings PLC	37	6,077.20	1.7
17	RBC Capital Markets	21	5,898.70	1.7
18	Axis Bank Ltd	30	5,787.40	1.6
19	Portigon AG	53	5,634.60	1.6
20	Natixis	25	5,521.90	1.5
	Total	835	357,799.10