CLOs Selling To Make Room For New Issue

Collateralized loan obligations are selling older, lower-yielding credits to participate in the new issue market as the cash that flowed into the loan market earlier this year dwindles.

  • 20 Nov 2009

--Libby Sallaberry

Collateralized loan obligations are selling older, lower-yielding credits to participate in the new issue market as the cash that flowed into the loan market earlier this year dwindles. This shift, along with investors taking profits on the market¹s 42% percent rise this year, have brought a net ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%