Euro CLOs Breaching OC Tests On The Rise

An increasing number of collateralized loan obligations in Europe are failing their overcollateralization tests, cutting off fees to managers and putting noteholders in danger of a cut-off in cash flows, according to analysts with Fitch Ratings.

  • 20 May 2009

--Cristina Pittelli

An increasing number of collateralized loan obligations in Europe are failing their overcollateralization tests, cutting off fees to managers and putting noteholders in danger of a cut-off in cash flows, according to analysts with Fitch Ratings. About 40% of the deals in Europe rated by the agency ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%