Oversubscribed DuPont sets tone for tightening lev market

Lack of supply, competition from the strengthening high yield bond market and pressure on CLOs to dispose of the last of their funds before the end of their reinvestment periods can only mean one thing for the European leveraged loan market —prices are set to go way, way down.

  • 18 Jan 2013

Bankers are bracing themselves for months of shrinking margins as demand heavily outstrips supply.

This week, the pricing of the $2.7bn loans backing Carlyle’s buy-out of US car paint firm DuPont Performance Coatings was slashed after the bookrunners received overwhelming demand for both the bond and loan portions ...

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%