In the underwriter league table published by Bloomberg, SBI has retained top spot in year 2008 in both categories: Loans mandated arranger and loans book runner. With 46 deals worth 17 billion dollar, SBI enjoys a market share of 9.5% as loan mandate arranger. At the second position is HSBC with 4.3% market share. As a loan book runner SBI has 13.3% market share with 40 deals worth 18.7 billion dollars. At the second spot is Bank of China with 7.1% market share. Another Indian bank featuring in the top 20 list is ICICI Bank placed at 13th in book runner and 20th in mandate arranger ranking. Overall the loan disbursement volumes have fallen by 20-25% from year 2007.
The banks which holds the mandate of the borrower for the loan is Mandated Arranger. If there are multiple mandate holders each of them can be called mandate arranger provided they unanimously agree upon it.
The bank that keeps the book for a deal gets the book runner status. Generally, it is the lead arranger / main underwriter of the syndicate for the deal.
Data Souce: Bloomberg's Underwriter League Tables December 2008
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