Soaring US CLO demand grinds spreads tighter

Sentiment among US CLO investors is nearing a fever pitch, as buyers pile into new offerings despite debt spreads plunging to their tightest levels in recent memory.

  • By Sam Kerr
  • 13 Mar 2017

Benchmark triple-A spreads sit at 124bp over Libor, according to research from Wells Fargo. This represents tightening of 2bp from a week ago, 10bp from four weeks ago and 17bp year to date according to the analysts.

A CLO manager and equity investor told GlobalCapital that rapid tightening ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%