Rabobank Cooking Up Jumbo €7.5 Bln CDO

A giant €7.5 billion ($10.9 billion) synthetic balance sheet collateralized debt obligation originated and arranged by Rabobank has landed on the radar.

  • 06 Dec 2007
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—Hugh Leask

A giant €7.5 billion ($10.9 billion) synthetic balance sheet collateralized debt obligation originated and arranged by Rabobank has landed on the radar. The deal, however, is not going to be publicly sold, according to market chatter.

Best SME 2007 has a fully funded synthetic structure and is backed by a portfolio of approximately 65,000 loans made by Rabobank branches across the Netherlands to small-to-medium enterprises, with a concentration of 26% in the Zuid-Holland region. It is set to price next week.

Rabobank officials in London could not be reached for comment and representatives at the bank’s headquarters in Utrecht, the Netherlands, did not return calls immediately.

Last month, the firm let go its CDO heads in the U.S. Stan Stratton, head CDO banker, and Warren Tong, head CDO trader, both left the company along with Robert Jacques, head of CDO structuring, in a reorganization of the CDO team (TS, 11/19).

  • 06 Dec 2007

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%