Lenders
Who lends to defence: 56 banks and 7 public lenders and funders named on 115 of the 176 financings in the register, with every deal they worked on.
Banks, bookrunners and arrangers
| Lender | Financings | As lead | Lead volume (US$) | Latest |
|---|---|---|---|---|
| J.P. Morgan | 61 | 51 | US$105.6bn | 20 Aug 2026 |
| Wells Fargo | 56 | 40 | US$94.9bn | 30 Jul 2026 |
| BofA Securities | 54 | 51 | US$116.2bn | 30 Jul 2026 |
| SMBC Nikko | 50 | 31 | US$46.7bn | 30 Jul 2026 |
| Citigroup | 47 | 40 | US$83.2bn | 20 Feb 2026 |
| US Bancorp | 46 | 24 | US$41.7bn | 30 Jul 2026 |
| Mizuho | 39 | 29 | US$86.3bn | 24 Jul 2025 |
| MUFG | 39 | 18 | US$23.8bn | 20 Feb 2026 |
| Goldman Sachs | 37 | 34 | US$82.3bn | 30 Jul 2026 |
| Morgan Stanley | 31 | 29 | US$75.0bn | 24 Jul 2025 |
| UniCredit | 31 | 11 | US$29.4bn | 20 Aug 2026 |
| Credit Agricole CIB | 28 | 15 | US$42.2bn | 20 Aug 2026 |
| TD Securities | 28 | 14 | US$23.9bn | 30 Jul 2026 |
| PNC | 27 | 11 | US$13.5bn | 30 Jul 2026 |
| BNP Paribas | 25 | 12 | US$40.5bn | 20 Aug 2026 |
| BNY Mellon | 25 | 6 | US$16.9bn | 28 May 2025 |
| Scotiabank | 25 | 10 | US$10.3bn | 20 Feb 2026 |
| RBC Capital Markets | 24 | 13 | US$39.6bn | 24 Jul 2025 |
| Barclays | 22 | 13 | US$38.3bn | 20 Aug 2026 |
| Academy Securities | 21 | 0 | – | 24 Jul 2025 |
| Siebert Williams Shank | 20 | 0 | – | 28 May 2025 |
| Deutsche Bank | 19 | 12 | US$38.6bn | 20 Aug 2026 |
| Blaylock Van | 18 | 0 | – | 24 Jul 2025 |
| Drexel Hamilton | 18 | 0 | – | 28 May 2025 |
| HSBC | 17 | 10 | US$33.6bn | 20 Aug 2026 |
| Lloyds | 17 | 9 | US$28.0bn | 24 Jul 2025 |
| Mischler | 15 | 0 | – | 28 May 2025 |
| Bank of America | 12 | 2 | US$800m | 24 Aug 2022 |
| Loop Capital | 12 | 0 | – | 29 Oct 2025 |
| CastleOak | 11 | 0 | – | 28 May 2025 |
| Fifth Third | 11 | 0 | – | 24 Jul 2025 |
| Societe Generale | 11 | 1 | US$2.8bn | 20 Aug 2026 |
| Santander | 10 | 2 | US$2.8bn | 20 Aug 2026 |
| BMO Capital Markets | 9 | 0 | – | 20 Feb 2026 |
| Credit Suisse | 9 | 2 | US$10.2bn | 27 Feb 2023 |
| Commerzbank | 8 | 2 | US$3.4bn | 20 Aug 2026 |
| Samuel A. Ramirez | 8 | 0 | – | 28 May 2025 |
| Truist | 8 | 6 | US$6.2bn | 30 Jul 2026 |
| R. Seelaus | 7 | 0 | – | 26 Jan 2024 |
| BBVA | 6 | 4 | US$7.2bn | 30 Apr 2025 |
| Penserra | 6 | 0 | – | 24 Jul 2025 |
| Capital One | 5 | 2 | US$1.8bn | 30 Jul 2026 |
| Intesa Sanpaolo | 5 | 2 | US$3.5bn | 20 Dec 2021 |
| MFR Securities | 5 | 0 | – | 26 Jan 2024 |
| C.L. King | 4 | 0 | – | 8 Nov 2023 |
| Natixis | 4 | 0 | – | 20 Aug 2026 |
| NatWest | 4 | 0 | – | 1 Jul 2020 |
| Regions | 3 | 0 | – | 20 Feb 2026 |
| Standard Chartered | 3 | 1 | US$4.0bn | 15 Aug 2018 |
| Bancroft | 2 | 0 | – | 24 May 2023 |
| AmeriVet | 1 | 0 | – | 20 Oct 2022 |
| Cabrera | 1 | 0 | – | 24 May 2023 |
| Comerica | 1 | 0 | – | 14 Nov 2024 |
| Great Pacific | 1 | 0 | – | 22 Apr 2022 |
| KeyBanc | 1 | 0 | – | 30 Mar 2017 |
| UBS | 1 | 0 | – | 31 Jan 2024 |
Public lenders and funders
| Lender | Financings | As lead | Lead volume (US$) | Latest |
|---|---|---|---|---|
| Office of Strategic Capital | 10 | 10 | – | 8 Oct 2026 |
| US Department of Defense | 6 | 6 | – | 8 Oct 2026 |
| European Commission (SAFE) | 3 | 3 | US$7.7bn | 29 May 2026 |
| European Investment Bank | 3 | 3 | US$585m | 2025 |
| Export-Import Bank of Korea (KEXIM) | 2 | 2 | – | 9 Jan 2026 |
| K-SURE | 2 | 2 | – | 9 Jan 2026 |
| UK Export Finance | 2 | 2 | US$12.0bn | 2 Mar 2025 |
Bond bookrunners and co-managers come from the cover of each prospectus supplement or term sheet filed with the SEC; loan arrangers and agents from the credit agreement or announcement cited on the record. "As lead" counts bookrunner, arranger and direct lender roles; co-managers and agents are listed on each deal. Lead volume is the full deal size, not a bank's own share, which filings rarely disclose. Many 144A and private deals do not name their banks, so the list is a floor, not a league table. How the register is built →
