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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)
CVC Credit PartnersGoldman Sachs618.59

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Apr 2015
1 Credit Suisse 17,797.87 47 11.39%
2 Bank of America Merrill Lynch 16,012.84 53 10.25%
3 Wells Fargo Securities 14,683.94 53 9.40%
4 JPMorgan 14,443.06 44 9.24%
5 Citi 14,253.77 45 9.12%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Deutsche Bank 3,597.40 7 4.43%
2 Citi 2,826.97 7 3.48%
3 Credit Suisse 2,221.24 6 2.73%
4 Bank of America Merrill Lynch 1,732.01 7 2.13%
5 Santander 1,721.49 6 2.12%