Repricing Lingo Likely To Be Featured In More Deal Docs

Equity holders of post-crisis vintage collateralized loan obligations have in many cases obtained a new and valuable tool for hedging against loan spread tightening. A provision in some deal documents gives equity investors the ability to reprice outstanding tranches at lower liability spreads, and the inclusion of such powers in deal documents is likely to increase in the 2013 vintage, according to Royal Bank of Scotland researchers.

  • 16 Jan 2013
Equity holders of post-crisis vintage collateralized loan obligations have in many cases obtained a new and valuable tool for hedging against loan spread tightening. A provision in some deal documents gives equity investors the ability to reprice outstanding tranches at lower liability spreads, and the inclusion of such ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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%