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  • April 17 2014
Securitization - CLO/CDO

Siemens eyes 35bp as pricing plateaus in loan market

Despite widespread predictions of a steady increase in margins this year, the investment grade loan market is stubbornly resisting calls to price deals higher.

  • 03 Feb 2012
Pricing at the top end of the market remains stuck at levels set in the final months of 2011, with German engineering firm Siemens (A1/A+/A+) talking to its lenders about a facility priced at just 35bp."It seems that pricing for strong investment grade credit with a sizeable ancillary ...

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CLO

IssuerArrangerSize ($M)
NXT Capital Investment Advisers, NXT CLO 2014-1Wells Fargo357.44
H.I.G. Whitehorse Capital, Whitehorse VIIIMorgan Stanley574.75
Blackrock, Magnetite VIII CLOWells Fargo612.41

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 22,169.53 47 11.59%
2 Bank of America Merrill Lynch 21,725.71 56 11.36%
3 Citi 20,856.97 48 10.91%
4 Barclays 15,507.18 39 8.11%
5 Deutsche Bank 15,269.96 36 7.99%

bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 2,240.24 5 12.62%
2 VTB Capital 1,601.44 4 9.02%
3 RBS 1,570.47 3 8.85%
4 Deutsche Bank 1,387.85 4 7.82%
5 Santander 1,275.84 4 7.19%