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Securitization - CLO/CDO

Dollar premiums still here as Heidelberg adds 50bp fee

Dollar funding premiums that were introduced to the syndicated loans market last year to make up for European banks’ struggles to access dollar financing are set to become commonplace over the first few months of 2012.

  • 03 Feb 2012

This week, German cement maker HeidelbergCement (Ba2/BB/BB+) added a 50bp premium for dollar drawings as part of the amendment of its €3bn credit facility.

"The dollar premium is here to stay at the moment," said a senior banker in London. "Banks are eager to do business, but they simply ...

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CLO

IssuerArrangerSize ($M)
Tennenbaum Capital Partners, Tennenbaum Senior Loan Funding IIINatixis337.50
Anchorage Capital, Anchorage CLO 5Morgan Stanley522.50
Ballyrock Investment Advisors LLC, Ballyrock 2014-1Citi409.18

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Oct 2014
1 JPMorgan 58,676.11 148 10.29%
2 Citi 51,050.40 132 8.96%
3 Bank of America Merrill Lynch 50,949.34 144 8.94%
4 Barclays 50,333.40 129 8.83%
5 Credit Suisse 46,789.00 115 8.21%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 JPMorgan 5,656.88 18 8.40%
2 Deutsche Bank 5,357.92 17 7.95%
3 Bank of America Merrill Lynch 4,841.53 12 7.19%
4 HSBC 4,482.67 12 6.65%
5 Citi 4,083.79 11 6.06%