Bank of America Merrill Lynch held the top spot for traditional private placement league tables in 2014 for the 16th year running; JP Morgan held on to the number two spot, but Barclays moved up two spots to third.
New issues seem to be trickling out of the pipeline for February, quite a contrast to activity seen in recent months, but market players remain optimistic that 2014 will be a robust year for private placement deals.
Europe's Loan Market Association plans to develop a template for documents that could be used for private placements of either loans or notes.
Upsized from $400 million, the transaction is the largest the market has seen so far this year and the first of 2013 to top the $1 billion mark.
The business will seek out investment opportunities in the subinvestment-grade and mezzanine debt of middle-market issuers.