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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)
Columbia Management Investment Advisers, CENT CLO 22JPMorgan616.25
Sound Harbor Partners, Sound Harbor Loan Fund 2014-1JPMorgan456.95
Fortress Investment Group, Fortress Credit Opportunities VNatixis713.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 JPMorgan 51,494.85 127 10.24%
2 Citi 47,731.41 121 9.49%
3 Barclays 42,977.38 111 8.55%
4 Bank of America Merrill Lynch 41,285.90 120 8.21%
5 Credit Suisse 40,294.27 104 8.01%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 JPMorgan 4,827.70 14 0.00%
2 Bank of America Merrill Lynch 4,273.35 10 0.00%
3 Deutsche Bank 4,158.97 12 0.00%
4 Citi 3,317.26 8 0.00%
5 Barclays 3,192.54 10 0.00%