CDO Spreads Continue Outward Drift

European collateralized debt obligation spreads are continuing to widen, a trend that is expected to continue amid ongoing market turmoil.

  • 10 Sep 2008

--Cristina Pittelli

European collateralized debt obligation spreads are continuing to widen, a trend that is expected to continue amid ongoing market turmoil.

Spreads are ranging from 300-400 basis points over Euribor for AAA notes, up to 400-500 bps over the benchmark, according to one London CDO trader. European high-yield ...

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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

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