A 75% drop in leveraged loan syndication from financial sponsors in the final three months of 2007 brought volume for the full year down to just below 2006 figures, with RBS knocking Barclays Capital off the top spot as underwriter.
In the fourth quarter European, Middle East and Africa sponsored loans volume dropped by 75% to just $15.1bn compared to the last three months of 2006, according to data provider Thomson Financial.
