Blackstone, Lehman Spin European CLO Deals

Two new collateralized loan obligation have hit the European market. Blackstone Group is making the rounds with a €400 million ($582.1 million) offering and Lehman Brothers is marketing a €352 million ($512 million) deal.

  • 06 Nov 2007
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—Hugh Leask

Two new collateralized loan obligation have hit the European market. Blackstone Group is making the rounds with a €400 million ($582.1 million) offering and Lehman Brothers is marketing a €352 million ($512 million) deal.

The St. James’s Park CDO is Blackstone’s fourth European leveraged loan transaction, and it boasts an A1 coupon of 3 month Euribor plus 45 basis points. Further detail on the transaction could not be gleaned as officials at the firm did not return calls.

Meanwhile, Lehman Brothers Asset Management set sail with Lightpoint 2007-1, a pan-European CLO with Lehman also acting as lead manager on the transaction. The €259 AAA-rated A-tranche was preplaced. Officials at the firm in London declined further comment.

  • 06 Nov 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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,251.11 279 13.15%
2 Bank of America Merrill Lynch 90,895.27 265 12.04%
3 Wells Fargo Securities 72,661.39 222 9.63%
4 JPMorgan 52,367.24 169 6.94%
5 Credit Suisse 41,885.89 127 5.55%