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Securitization - CLO/CDO

Premium pays off as Enel overwhelmed in syndication, increases new deal to €3.2bn

Italian electricity producer Enel has completed its new syndicated credit facility, with the pricing premium offered bringing lenders flocking to the deal.

  • 24 Feb 2012

The facility, which is priced at 350bp over Euribor all-in based on a margin of 300bp, has been increased from a mooted €2bn to €3.2bn after demand overwhelmed the syndication.

"This is a very strong company, and it’s well priced and well structured," said a senior loans banker. ...

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CLO

IssuerArrangerSize ($M)
Monroe Capital Management, LLC., Monroe Capital CLO 2014-1Deutsche Bank358.07
Regiment Capital Advisors, Cavalry CLO IVWells Fargo407.32
Arrowpoint Asset Management, Arrowpoint 2014-3Goldman Sachs415.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2014
1 JPMorgan 133,759.50 282 0.00%
2 Citi 117,145.39 281 0.00%
3 Bank of America Merrill Lynch 113,628.86 309 0.00%
4 Barclays 104,450.28 248 0.00%
5 Deutsche Bank 102,232.45 212 0.00%

bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Aug 2014
1 JPMorgan 4,076.46 11 0.00%
2 Deutsche Bank 3,489.39 10 0.00%
3 Bank of America Merrill Lynch 2,737.00 7 0.00%
4 RBS 2,666.67 6 0.00%
5 Barclays 2,655.81 8 0.00%
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