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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IssuerArrangerSize ($M)
THL Credit, Wind River 2014-3Deutsche Bank408.68
York CLO Managed Holdings, York CLO-1Credit Suisse412.85
NewStar Financial, NewStar Clarendon FundCiti407.40

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Dec 2014
1 JPMorgan 70,278.75 167 10.53%
2 Citi 57,831.20 154 8.66%
3 Barclays 57,307.12 148 8.58%
4 Bank of America Merrill Lynch 57,124.96 167 8.56%
5 Credit Suisse 55,331.04 133 8.29%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 JPMorgan 10,367.66 21 12.72%
2 Deutsche Bank 6,702.94 20 8.22%
3 Bank of America Merrill Lynch 5,509.73 14 6.76%
4 Citi 5,022.24 13 6.16%
5 Barclays 4,839.91 15 5.94%