Securitization - CLO/CDO

KDG set to exceed €500m A&E target

German cable firm Kabel Deutschland (KDG) has sent out a notice of prepayment to lenders after easily exceeding its original target of extending €500m of term loans ‘A1’, ‘A2’ and ‘C1’. The company is understood to be ready to accept extensions from all those lenders who consented, which market participants said represented more than €700m.

  • 03 Feb 2012

KDG (BB-/Ba2/BB) launched the amend and extend on January 23, just after it raised $750m for a new term loan ‘F’. Proceeds from that loan will be directed at repaying lenders that have not extended.

Bankers and loan managers had predicted KDG’s request would be successful, with the company ...

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European CLO

IssuerArrangerSize ($M)
Babson Capital ManagementGoldman Sachs459.75
Pramerica Investment Management LimitedCredit Suisse 458.55
AXA Investment Managers JP Morgan397.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Aug 2015
1 Bank of America Merrill Lynch 45,148.39 138 10.22%
2 JPMorgan 44,094.37 117 9.98%
3 Credit Suisse 40,748.82 107 9.23%
4 Wells Fargo Securities 38,475.36 129 8.71%
5 Citi 34,759.81 102 7.87%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 Bank of America Merrill Lynch 5,730.87 19 11.38%
2 Citi 4,162.78 13 8.27%
3 Commerzbank Group 3,341.77 6 6.64%
4 Deutsche Bank 3,043.17 8 6.04%
5 Morgan Stanley 3,005.09 9 5.97%