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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)
CVP, CVP Cascade CLO-3Jefferies408.50
CVC Credit Partners, LLC, Apidos XXCredit Suisse509.25
CIFC Asset Management LLC, CIFC Funding LTD 2011-1 (Refi) Nomura290.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Citi 960.41 3 12.42%
2 Mizuho 844.54 3 10.92%
3 Credit Agricole CIB 794.04 2 10.27%
3 Barclays 794.04 2 10.27%
5 CITIC Securities 553.21 3 7.15%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Deutsche Bank 613.60 1 16.48%
1 Cantor Fitzgerald & Co 613.60 1 16.48%
3 Credit Agricole CIB 540.88 1 14.53%
3 Citi 540.88 1 14.53%
3 Barclays 540.88 1 14.53%