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Securitization - CLO/CDO

UK’s Serco seeks new five year syndicated refinancing through BofA ML and RBS

UK services company Serco has mandated Bank of America Merrill Lynch and Royal Bank of Scotland to lead a new five year revolver to refinance some existing bank lines.

  • 24 Feb 2012

The new transaction, thought to be under £1bn, is already being marketed to the company’s relationship banks.

Serco had bank facilities of £1.068bn at the end of June 2011, of which £247m had been used. Its facilities include a £400m revolver due in December 2013, arranged in 2008 ...

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CLO

IssuerArrangerSize ($M)
PineBridge InvestmentsCredit Industriel et Commercial372.66
Cairn Loan InvestmentsCiti343.03
Credit Suisse Asset ManagementCredit Suisse459.75

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Credit Suisse 22,179.57 63 9.69%
2 JPMorgan 21,599.12 63 9.44%
3 Wells Fargo Securities 20,780.35 74 9.08%
4 Bank of America Merrill Lynch 20,734.76 70 9.06%
5 Citi 18,738.60 58 8.19%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 May 2015
1 Citi 3,064.41 8 5.97%
2 Lloyds Banking Group 1,995.65 5 3.89%
3 Deutsche Bank 1,802.37 5 3.51%
4 Morgan Stanley 1,796.05 4 3.50%
5 Bank of America Merrill Lynch 1,738.49 6 3.39%