Euro CLOs Still A Hard Slog

Deutsche Bank has priced its €858 million ($1.23 billion) ECAS 2011-1 Loan B.V. collateralized loan obligation, which was backed by a book of second tier and mezzanine debt, but the deal’s pricing levels have sparked a bearish tone among some industry professionals in London.

  • 28 Jun 2011

—Hugh Leask

Deutsche Bank has priced its €858 million ($1.23 billion) ECAS 2011-1 Loan B.V. collateralized loan obligation, which was backed by a book of second tier and mezzanine debt, but the deal’s pricing levels have sparked a bearish tone among some industry professionals in London.

The deal is only ...

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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

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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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4 Citi 11,878.92 43 7.48%
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