Bloomberg’s global syndicated loan database consists of more than 54,000 active loan tranches (and approximately 160,000 replaced or retired loans), covering nearly 40,000 unique borrowers across more than 200 countries and 100 different currencies.
GLOBAL MARKET COVERAGE
Effective January 1, 2013, bilateral deals equivalent to US$75MM or less in size will no longer be added or maintained in our database. Exceptions to this include deals related to bankruptcy, events of default, sovereign, supranational lenders, LTRO debt and Japanese REITs. If you have questions about this policy, please contact us.
U.S. $ volumes (equivalent) for loans added and signed in the last 12 months are as follows:
- Asia Pacific – U.S. $497bn (more than 2,100 loans)
- Europe, Middle East and Africa – U.S. $1,053bn (more than 2,000 loans)
- Americas – U.S. $1,014bn (more than 3,000 loans)
On average, Bloomberg adds more than 300 loans per week, or more than 3,800 loans per quarter.
Bloomberg maintains relationships with 1,182 unique banking entities globally (Asia Pacific – 467, Europe, Middle East and Africa – 388, and Americas – 327) for the procurement of our loan data.
SOURCING, SPEED AND ACCURACY
Bloomberg’s real-time coverage model means that we are able to add new deals within 30 minutes of submission of source documents from the client or reporting by Bloomberg News.
Loans are updated based upon information received through our direct regional-specific relationships with arranging banks, corporate borrowers and bank League Table submissions.
In 2012, on average, Bloomberg added new leveraged deals 16 days prior to their signing date.
All loan-related updates are quality-checked through Bloomberg’s proprietary quality assurance tools, ensuring field accuracy against more than 800 loan-specific business rules.
Bloomberg’s Data team reviews and processes, within one-hour of publication via Edgar, data from more than 8,500loan-specific documents. We capture more than 350 unique data points and provide easy and transparent access to covenant information with click-through technology.
Competitor information is not used for updates to ensure the quality and integrity of our offering.
TRANSPARENCY, MAINTENANCE AND MARKET VALIDITY
A Bloomberg ID (BBGID) is automatically assigned to each loan upon its creation, maintained throughout the loan’s life cycle, and incorporated into Bloomberg’s functionality, including trade tickets and other Bloomberg services.
More than 16,000 active public S&P CUSIPs are captured and attached to the related loans on Bloomberg.
As part of our maintenance process, loans are updated and/or reviewed numerous times throughout their life cycle. Amendments are processed as they are disclosed. This resulted in more than 43,500 unique updates (over one million data points) to existing loans in 2012 alone.
All relevant and publicly available information is attached to the related loan description page, enabling the user to quickly and easily access historical news stories as well as more than 6,000 credit agreements, amendments and other documentation directly related to the loan.
Bloomberg holds Syndicated Loan Roundtables in London, Hong Kong, Singapore and New York annually to ensure that we adapt to changes in the markets. Canada and Turkey are planned for 2013.
Bloomberg liaises with and/or sponsors events for the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA), the African Loan Market Association (ALMA) and the Loan Syndications and Trading Association (LSTA).
Bloomberg is proud to provide League Tables for the APLMA Annual Loan Awards process.