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  • April 11 2014
Securitization - CLO/CDO

Asian companies eye hybrid bonds for early 2011

Several Asian companies are considering selling corporate hybrid bonds at the start of 2011, but they are likely to use more investor-friendly structures than several of the deals sold in Asia this year.

  • 30 Nov 2010
Three Asian corporations have issued hybrid securities this year and despite all of them trading poorly in secondary markets, debt bankers still expect more issuance to come in 2011 — and perhaps as early as January. Most of the supply is likely to come from companies based in ...

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CLO

IssuerArrangerSize ($M)
Aegon USA Investment Management, LLC, Cedar Funding 2014-3Jefferies389.25
Halcyon Loan Management, Halcyon 2014-2Citi569.53
Shenkman Capital Management, Washington Mill CLOBAML520.63

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 22,169.53 47 11.59%
2 Bank of America Merrill Lynch 21,725.71 56 11.36%
3 Citi 20,856.97 48 10.91%
4 Barclays 15,507.18 39 8.11%
5 Deutsche Bank 15,269.96 36 7.99%

bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 2,240.24 5 12.62%
2 VTB Capital 1,601.44 4 9.02%
3 RBS 1,570.47 3 8.85%
4 Deutsche Bank 1,387.85 4 7.82%
5 Santander 1,275.84 4 7.19%