Bank Defaults Drive Up Trust-Preferred Security CDO Rate

Three defaulting banks drove up the default rate on U.S. bank trust-preferred security collateralized-debt obligations in April from 16.8% to 16.9%, according to Fitch Ratings.

  • 22 May 2012

Three defaulting banks drove up the default rate on U.S. bank trust-preferred security collateralized-debt obligations in April from 16.8% to 16.9%, according to Fitch Ratings. Fitch also reported that the deferral rate for the CDOs dropped from 15.9% to 15.5%.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
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