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Securitization - CLO/CDO

EuroWeek View: Was BHP’s blocked bid a one-off?

Bankers had better hope that protectionism is not here to stay. BHP Billiton’s banks had their worst fears confirmed on Monday when the company aborted its $39bn bid for PotashCorp. But rivals will hardly be gloating. Instead, they will hope that the Canadian government’s decision to block a foreign takeover will not be copied by other governments.

  • 17 Nov 2010
Anglo-Australian miner BHP Billiton on Monday confirmed that its $39bn bid for Potash Corp of Saskatchewan was off after it failed to convince the Canadian government that the deal would be of “net benefit” to the country.
The announcement dealt a serious blow to the capital markets. BHP had ...

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CLO

IssuerArrangerSize ($M)
Cairn Loan InvestmentsCiti343.03
Credit Suisse Asset ManagementCredit Suisse459.75
KKR Credit Advisors Morgan Stanley587.45

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 May 2015
1 Credit Suisse 21,603.28 60 10.06%
2 Wells Fargo Securities 20,093.48 72 9.36%
3 JPMorgan 19,634.37 59 9.14%
4 Bank of America Merrill Lynch 19,356.00 65 9.01%
5 Citi 17,193.96 52 8.01%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Citi 2,671.23 7 11.86%
2 Santander 1,721.49 6 7.65%
3 Lloyds Banking Group 1,602.48 4 7.12%
4 Rabobank 1,554.34 3 6.90%
5 Credit Agricole CIB 1,440.29 5 6.40%