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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)
Fifth Street Management, Fifth Street Senior Loan Fund IWells Fargo309.45
Pinebridge Investments, Galaxy XIX CLOCiti509.90
Apollo Credit Management, ALM XIIMorgan Stanley786.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 Mar 2015
1 Citi 6,651.04 23 10.49%
2 JPMorgan 6,353.00 17 10.02%
3 Barclays 6,181.50 19 9.75%
4 Wells Fargo Securities 5,512.78 22 8.70%
5 Deutsche Bank 4,206.28 12 6.64%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 1,670.59 2 22.07%
2 Credit Agricole CIB 921.35 2 12.17%
3 Citi 858.85 2 11.35%
4 Santander 698.45 2 9.23%
5 Cantor Fitzgerald & Co 613.60 1 8.11%