PIMCO To Manage First High-Grade CDO

PIMCO Europe is gearing up to manage its first syndicated synthetic collateralized debt obligation referencing investment-grade corporates.

  • 09 Jun 2006
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PIMCO Europe is gearing up to manage its first syndicated synthetic collateralized debt obligation referencing investment-grade corporates. Currently the European arm of the mega U.S. firm has only emerging market synthetic transactions on its books (DW 11/18/05). The underlying portfolio will be managed out of Munich and officials there did not return emails by press time. Reasons for entering the high-grade CDO arena could not be immediately determined.

The CDO offers investors single-tranche exposure to a portfolio of 127 corporate CDS with an average rating of BBB. The segregated tranches are rated AAA through to A minus, and packaged into seven- and 10-year notes denominated in U.S. dollars, euros or yen. The transaction was arranged by UBS. Structuring officials at the house declined comment.

  • 09 Jun 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%