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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European CLO

IssuerArrangerSize ($M)
Apollo Management InternationalDeutsche Bank493.50
Guggenheim Partners Europe Citi436.45
Oak Hill Advisors Goldman Sachs456.90

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Nov 2015
1 JPMorgan 133,032.21 347 9.97%
2 Credit Suisse 127,773.23 331 9.57%
3 Bank of America Merrill Lynch 123,886.74 373 9.28%
4 Citi 106,263.83 302 7.96%
5 Barclays 105,286.70 297 7.89%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Nov 2015
1 Bank of America Merrill Lynch 7,387.96 26 10.48%
2 Citi 5,182.49 16 7.35%
3 Volkswagen Financial Services AG 4,734.59 12 6.72%
4 Commerzbank Group 4,468.84 8 6.34%
5 Morgan Stanley 3,744.65 11 5.31%