>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

SYNDICATED LOANS

A Bloomberg Professional Service Offering

SEE WHAT
OTHERS
DONT

contents
02 INTRODUCTION
04 DATA
10 LOAN MONITORING
11 LOCATING LOANS
12 DESCRIPTIONS & COVENANTS
13 COMPARISON
14 YIELD ANALYSIS
15 MESSAGE MINING
17 TRADE TICKETS
18 BLOOMBERG FIXED INCOME
20 THE BLOOMBERG PROFESSIONAL SERVICE

NO MORE
WORD OF
MOUTH
>>>>>>>>>>>

Bloombergs next generation of Syndicated Loans coverage

brings transparency and sense to a traditionally opaque industry.
Bloomberg delivers a single integrated platform that supports
your entire workflowfrom idea generation to execution.
For more than 30 years, financial professionals from around
the world have relied on Bloomberg for the industrys most
comprehensive and reliable fixed income coveragesupported
by unmatched security-level data.
Enhanced functionalities and a fully integrated platform enable
you to manage more information, perform deeper analysis and
gain a macro view of the complete loans picture.

>>>>>>>>>>>

SYNDICATED LOANS 02 // 03

DATA WITH
INTEGRITY
////////////
Bloombergs Syndicated Loans product provides the
most timely, comprehensive and accurate market
coverage available. With a team of more than 40
analysts located in Princeton, So Paulo, London,
Dubai, Singapore, Hong Kong and Tokyo, we provide
real-time, 24/7 loan coverage.
Bloombergs global syndicated loans 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.
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 Pacific467, Europe,
Middle East and Africa388 and Americas327)
for the procurement of our loan data.

SYNDICATED LOANS 04 // 05

STRAIGHT
AND TRUE
////////////
Bloombergs real-time coverage model means we
add new deals within 30 minutes of submission of
source documents.
Loans are updated based on information received
through our direct region-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
Bloombergs proprietary quality assurance tools, ensuring
field accuracy against more than 800 loan-specific
business rules.

Bloombergs Data team reviews and processes, within

one hour of publication via Edgar, data from more than
8,500 loan-specific documents. We capture more
than 350 unique data points and provide easy and
transparent access to covenant information with
click-through technology.
We ensure the quality and integrity of our offering.
We dont use competitor information.

SYNDICATED LOANS 06 // 07

DATA THAT
DOESNT DATE
/////////////////
We dont stop maintaining and validating our information.
We review and update loans numerous times throughout
their lifecycle, with more than 43,500 unique updates to
existing loans in 2012.
A Bloomberg ID (BBGID) is automatically assigned
to each loan upon its creation, maintained throughout
the loans life-cycle and incorporated into Bloombergs
functionality, including trade tickets.
More than 16,000 active public S&P CUSIPs
are captured and attached to the related loans
on Bloomberg.
In 2012 alone we made more than 43,500 unique updates
(more than one million data points) to existing loans.

All relevant and publicly available information is attached

to the related loan description page, enabling you 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.
We hold annual Syndicated Loan Roundtables in London,
Hong Kong, Singapore, Toronto and New York to ensure
we adapt to changes in the markets.

SYNDICATED LOANS 08 // 09

MONITOR
EVERYTHING ////////
Use LOAN <GO> to monitor the whole syndicated loan
market to track new deals, loan news, indexes, secondary
pricing and trends.
TRACK PIPELINE AND RECENT DEALS
Follow new deal volume at each stage of the syndication
process. View recently signed deals, filtering by country,
currency, sector and purpose.
ONE-CLICK DISTRIBUTION ANALYSIS
Clicking into any of the status categories for pipeline or
signed deals will give you distribution analysis. Chart the
breakdown of deals by industry, size or purpose or browse
deal tables to find key data and lead banks.

FIND ISSUANCE AND MATURITY TRENDS

Use the chart to visualize trends in the volume and pricing
of issuance against recent and forthcoming loan maturities.
MONITOR SECONDARY MARKET ACTIVITY
Track the performance of leveraged loan indexes against
the historical average and find secondary market pricing for
recently signed loans. Customize to choose which indexes
to track and whether to monitor message pricing
or Bloomberg Evaluated Pricing (BVAL).

LOAN <GO> and filter the Syndicated Loan universe by currency, industry, country, ratings and purposes, then monitor changes
in margin, volume and more.

SYNDICATED
LOCATED //////
Locating syndicated loans on Bloomberg is simpler
than ever, with a range of powerful search options at
your disposal.
COMPANY NAME
Simply enter some or all of the company name or the ticker
symbol, followed by the word LOAN, the yellow <Corp>
key and <GO>.

SECURITY FINDER (SECF <GO>)

The Security Finder enables you to find loans based on
any of the data categories that you choose to display on
the screen.

AUTOCOMPLETE
As you begin to enter a company name or ticker symbol,
autocomplete will present you with a list of possible LIVE
matches (including LOANS) in the Securities section.

LOAN SEARCH (LSRC <GO>)

Loan Search allows you to set multiple criteria that will
be used to search the more than 260,000 loans in our
database for those that satisfy the parameters you
have chosen.

Set multiple criteria using LSRC <GO> to search our entire loans database.

SYNDICATED LOANS 10 // 11

DESCRIPTIONS
& COVENANTS
COVERED ////////////
Locating syndicated loans on Bloomberg is simpler
than ever, with a range of powerful search options at
your disposal.
KEY LOAN DATA IN A SINGLE PLACE
View key data on a loan, including relevant dates and
amounts, loan type and purposes, lender lists, primary
pricing, amendments, ratings (where applicable) and much
moreBloomberg captures up to 350 unique data points,
more than anyone else.

SEE COVENANTS AND FILINGS

Bloomberg has covenant information for more than 6,000
loans, storing and displaying credit agreements and other
publicly reported filings. Covenant information includes
unique transparency that delivers you straight to the
source document.

DEAL AND ISSUER INFORMATION

Understand how a single tranche fits into the full deal and
view other tranches. Find essential borrower information
like ratings, debt summary profile, financial ratios and
recent issuance in both syndicated loan and bond markets.

CUSTOMIZE WITH YOUR OWN DATA

Add your own information and share it with colleagues.
Choose who sees it make it flow through calculations
and analytics, trade tickets and other useful Bloomberg
functionality. Customization includes a complete audit trail
and compliance tool.

Use DES <GO> to analyse up to 350 unique data points and covenants at a tranche and deal level.

COMPARE
LOANS ///////////////
Analyze the relative value of a loan and its customizable
list of peers COMB <GO>.
FIND SIMILAR LOANS
Easily view peer loans and compare margins and key
market dataallowing you to analyze both market and
credit fundamental data on a single screen. Understand
how the loan compares with individual names as well as
the group average.
CUSTOMIZE PEER GROUP
Refine or expand the definition of peer loans via the filters
option, including popular reference criteria such as tranche
type, sector, country, currency and more. Further edit the
list by adding or removing individual loans.

COMPARE LOAN INFORMATION SIDE BY SIDE

Visualize key descriptive information of loans side by side
to quickly understand similarities and differences. Drill
down into various types of covenants and compare ratings
for rated loans.
CHART FUNDAMENTALS
Chart loans on a scatter plot graph to easily understand
relative value, spot secondary market opportunities and
recognize market trends

Find a loan then use COMB <GO> to find others like it and compare data side-by-side.

SYNDICATED LOANS 12 // 13

CRITICAL
ANALYSIS ///////////
YAS <GO> gives you complete control over your loan
analysis. Analyze a wide range of data points and share
your findings fast.
FAST AND ACCURATE YIELD CALCULATIONS
Instantly calculate Price, Yield, Discount Margin, Z-DM and
more. Generate a Yield Matrix with these yield measures
computed for upto four different workout dates.

CASH FLOW ANALYSIS

All future cash flows are displayed in both graphical and
tabular form and you can quickly incorporate the forward
index curve as you need.

GENERATE TRADE CONFIRMATIONS

A trade confirmation can be generated directly from
the YAS <GO> screen. This can be emailed to your
counterparty and to your back-office staff.

AMORTIZATION SCHEDULES
Amortization schedules are presented in both graphical
and tabular form and you can generate your own
custom schedules.

YAS <GO> to analyze yield, discount margin and cash flows to multiple workout dates, using either static index levels or
forward index rates.

MINE YOUR
INBOX FOR PRICES
///////////////////////
Bloombergs message-mining technology saves time
when youre searching for the best loan quotes: it extracts
prices straight from your inbox.
COMPARE PRICES
Use QMGR <GO> to find and compare prices
more quickly.

EXPORT PRICE DATA

Download current, intraday and historical pricing with
Excel API.

INTEGRATE WITH LAUNCHPAD

Monitor live pricing on a portfolio or watch list
in Launchpad.

SHARE YOUR FINDINGS

Share pricing between colleagues using the MSG1
Pricing Source.

LOOK BACK
View or chart historical prices and yields in HP <GO>
and GP <GO>.

Enter BMIN <GO> to see if you are enabled for

this functionality.

Activate Bloombergs Message Mining functionality to find prices in your inbox fast, then use QMGR <GO> to compare prices.

SYNDICATED LOANS 14 // 15

TRADE
AND TRACK
//////////////
BXT <GO> & SXT <GO> let you document a
syndicated-loan trade, confirm it with a counterparty
and provide detailed information to middle and
back offices.
CONFIRM ALL CRITICAL TRADE INFORMATION
All critical trade information is included in the ticket.
Support for LSTA and LMA trade terms for both Par and
Distressed trades.

EMAIL TICKET TO COUNTERPARTY/MID-OFFICE

Send the ticket to another Bloomberg user and copy to
mid-office, with full support for recipients in Groups
or SPDLs.

PERSONALIZED SETTINGS
Personalizing Settings allows for simplified trade entry, with
only three fields needed to enter a trade: Counterparty
Name, Amount and Price.

SUPPORT FOR MULTIPLE TRANCHES

AND STRIPS
A single BXT <GO> and SXT <GO> trade ticket can be
used to confirm trades for multiple tranches or strips.

Use BXT <GO> and SXT <GO> to document your deals with trade tickets and confirmations.

SYNDICATED LOANS 16 // 17

KNOW FIXED
INCOME? THINK
BLOOMBERG ///////
Bloombergs fixed income coverage goes far beyond
loans. Whether youre high-yield or investment grade,
into emerging markets, CDS or munis, Bloomberg offers
a single integrated platform that takes you all the way
from idea generation to execution.
HIGH YIELD. INVESTMENT GRADE.
Bonds
Know if the cash bond market is tightening or widening,
what sectors are leading and lagging, where new issuance
is taking place and how the derivatives market is performing.
Dig into the worlds bond markets with WB <GO>.
CDS
Monitor global CDS markets in real time, so you get the full
picture across all regions and sectors. Identify the biggest
movers by region or sector, dig into statistical deviations
and analyse changing spreads. Just WCDS <GO>.
ETFs
Bloomberg sets the standard for ETF-data access. We
track more than 10,000 global ETFs, ETCs and ETNs.
We offer real-time pricing and complete Price, Bid, Ask,
NAV, Shares Outstanding and Market Cap data history.
FSRC <GO> to start.

Emerging Markets
Our fixed income coverage gives deep access to products
in emerging markets, giving you comprehensive insight into
credit movements anywhere in the world. Get the rundown
of emerging markets from EMWH <GO>.
MUNIS
Benefit from transparent discovery and analysis in the
worlds municipal bond markets. See where the competition
is making a market, perform custom searches, track new
issues and determine relative value for any issueaccurately.
Search the muni markets with SMUN <GO>.

SYNDICATED LOANS 18 // 19

ABOUT THE
BLOOMBERG
PROFESSIONAL
SERVICE
The founding vision in 1982 was to create an information
services, news and media company that provides
business and financial professionals with the tools and
data they need on a single all-inclusive platform. The
success of Bloomberg is due to the constant innovation
of our products, unrivaled dedication to customer service
and the unique way in which we constantly adapt to an
ever-changing marketplace. The Bloomberg Professional
service is a powerful and flexible tool for financial
professionalswhatever their needsin cash and
derivatives markets as diverse as equities, currencies,
commodities, money markets, government and
municipal securities, mortgages, indices, insurance
and legal information. The Bloomberg Professional
service seamlessly integrates the very best in real-time
data, news and analytics.
In addition, Bloomberg users benefit from on-demand
multimedia content, extensive electronic trading
capabilities and a superior communications platform.
Bloomberg customers include influential decision
makers in finance, business and government. Business
and financial professionals recognize the Bloomberg
Professional service as the definitive tool for achieving
their goals because it offers unparalleled assistance
and functionality on a single platform for a single price.

20 // 21 SYNDICATED LOANS

///////////////////////////////////////////////////////////////////////////////////////////

Customer Service
Our 24/7 industry-leading customer service teams in 160 countries
around the world will help you fully leverage the analytics and data
on the Bloomberg Professional service.
///////////////////////////////////////////////////////////////////////////////////////////

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

To find out more about Bloomberg for Syndicated

Loans, email [email protected] or call
your regional representative.

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

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