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Securitization - CLO/CDO

Middle East loans start to surface but telecoms pricing could sink deals

After a lacklustre start to the year, deal flow in the Middle East has begun to perk up as both Abu Dhabi mobile operator Etisalat and Dubai port operator DP World consider new facilities. But Etisalat could struggle to find liquidity for a $2bn syndicated loan as pricing remains a sticking point for lenders, bankers have warned.

  • 24 Feb 2012

"I don’t think the deal’s got any legs," said one loans banker. "Like a lot of these corporates fishing for deals, you’re getting a divergence on price."

Furthermore, the trend for Eurozone banks to focus on core markets as they look to shed risk-weighted assets in the run up ...

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CLO

IssuerArrangerSize ($M)
Cairn Loan InvestmentsCiti343.03
Credit Suisse Asset ManagementCredit Suisse459.75
KKR Credit Advisors Morgan Stanley587.45

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Credit Suisse 22,179.57 63 9.69%
2 JPMorgan 21,599.12 63 9.44%
3 Wells Fargo Securities 20,780.35 74 9.08%
4 Bank of America Merrill Lynch 20,734.76 70 9.06%
5 Citi 18,738.60 58 8.19%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,064.41 8 5.97%
2 Lloyds Banking Group 1,995.65 5 3.89%
3 Deutsche Bank 1,802.37 5 3.51%
4 Morgan Stanley 1,796.05 4 3.50%
5 Bank of America Merrill Lynch 1,738.49 6 3.39%