U.S. CDO Ruling To Send Shockwaves Through Structured Products (update)

Monday’s ruling by a U.S. court to apply U.S. bankruptcy law to the unwinding of Lehman Brothers’ Dante collateralized debt obligation could trigger restructurings and downgrades in a raft of structured products.

  • 29 Jan 2010

-- Daniel O’Leary

Monday’s ruling by a U.S. court to apply U.S. bankruptcy law to the unwinding of Lehman Brothers’ Dante collateralized debt obligation could trigger restructurings and downgrades in a raft of structured products. At issue is the CDO’s flip clause, which put a defaulted counterparty before the ...

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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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%