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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)
Ballyrock Investment Advisors LLC, Ballyrock 2014-1Citi409.18
Symphony Asset Management, Symphony CLO XV BAML622.50
Feingold O'Keeffe Capita, Hull Street CLOCredit Suisse515.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 JPMorgan 57,475.48 143 10.31%
2 Bank of America Merrill Lynch 50,643.60 142 9.09%
3 Citi 50,519.56 130 9.06%
4 Barclays 49,010.92 123 8.79%
5 Credit Suisse 46,233.08 112 8.29%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 JPMorgan 5,656.88 18 8.98%
2 Deutsche Bank 4,853.22 15 7.70%
3 Bank of America Merrill Lynch 4,636.22 11 7.36%
4 HSBC 4,327.82 11 6.87%
5 Citi 4,083.79 11 6.48%