Citigroup top leveraged loan arranger year to date

• Leveraged loan issuance totals $146.58 billion year to date

• Bank of America top leveraged loan arranger in March

• Leveraged loan issuance totals $48.50 billion in March

New York, March 31 - Citigroup stayed in first place as top arranger of leveraged loans for the year so far, although by a narrower margin, according to data compiled by Prospect News.

As it was for January and the first two months of the year combined, Citigroup ranked number one for the year through March 31 with $26.96 billion of loans.

But its margin over number two arranger JPMorgan shrank to $4.75 billion from $7.95 billion a month earlier. JPMorgan's total so far this year is $22.24 billion.

Bank of America was close behind at $22.13 billion and ranked first for March.

JPMorgan was the top bank for all of 2005.

New issuance continued at very high levels and accelerated from February's pace.

In total March saw $48.50 billion of new deals, bringing the year-to-date total to $146.58 billion.

February's figure was $41.46 billion while January saw $56.62 billion.

The total for the year so far is now 67% above the $87.75 billion for the comparable period of 2005.

The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.

Year to date 2006

2005 Comparables

	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	Citigroup	26.956	28	18.39%	3	8.861	22	10.10%
2	JPMorgan	22.235	50	15.17%	1	16.221	41	18.49%
3	Banc of America	22.128	43	15.09%	2	11.115	35	12.67%
4	Deutsche Bank	10.814	17	7.38%	5	8.252	22	9.40%
5	Credit Suisse	9.558	29	6.52%	4	8.667	29	9.88%
6	Wachovia	7.465	22	5.09%	6	5.408	17	6.16%
7	UBS	5.962	15	4.07%	9	2.219	13	2.53%
8	Morgan Stanley	4.963	7	3.39%	13	1.540	5	1.76%
9	RBS	4.497	6	3.07%	16	0.832	3	0.95%
10	Goldman Sachs	3.696	12	2.52%	7	4.553	13	5.19%
	Total	146.578	232	87.746	187
	Average size:	0.632	0.469
March 2006
					2005 Comparables
	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	Banc of America	8.943	20	18.44%	1	3.850	11	13.57%
2	Citigroup	6.727	11	13.87%	3	3.106	7	10.95%
3	JPMorgan	6.602	20	13.61%	2	3.491	9	12.31%
4	Deutsche Bank	4.735	8	9.76%	4	3.100	9	10.93%
5	Credit Suisse	4.327	14	8.92%	7	2.251	12	7.93%
6	Wachovia	2.462	6	5.08%	6	2.345	6	8.27%
7	Goldman Sachs	2.170	7	4.47%	5	2.530	7	8.92%
8	TD	1.900	1	3.92%	15	0.422	3	1.49%
9	UBS	1.680	7	3.46%	11	0.686	4	2.42%
10	Bear Stearns	1.265	5	2.61%	12	0.585	2	2.06%
	Total	48.496	95	28.373	67
	Average size:	0.510	0.423
Prospect News Leveraged Loan Arranger Rankings

Criteria

• The tables include dollar-denominated deals offered in the United States and reported to Prospect News.

• Deals must be $75 million or bigger for inclusion.

• All loans are leveraged: either the interest rate margin is 150 bps or higher or they are rated speculative-grade by Moody's Investors Service or Standard & Poor's.

• Includes amended and restated loans where the maturity or size is changed but not repricings.

• Offerings are included in the time period in which the bank meeting was held (if available), otherwise the earlier of settlement date or date reported to Prospect News.

• Numeric totals are for the number of deals (not tranches).

• DIP facilities are included, bridge loans are excluded.

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