US levloan feels pricing pain, but balance of power intact

Pricing for European companies like Armacell and Altice marketing leveraged loans in the US has soared in the turmoil following the Fed’s signal on tapering QE, writes Olivier Holmey. But while deals in the less ramped up European market were largely unscathed, few bankers expect the setback to change the longer term appeal of either sector — especially with European CLOs under regulatory pressure.

  • By Olivier Holmey
  • 27 Jun 2013

German foam manufacturer Armacell saw the margins on its facility pushed up by up to 100bp. Dollar pricing for Luxembourg telecoms investment firm Altice rose around 50bp. 

Bankers close to the deals blamed the rises on market volatility following comments by Fed chairman Ben Bernanke, last Wednesday. He ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%