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
  • Today
1 Citi 358,291.38 1348 9.06%
2 JPMorgan 320,704.66 1461 8.11%
3 Bank of America Merrill Lynch 318,128.31 1104 8.04%
4 Goldman Sachs 236,643.87 789 5.98%
5 Barclays 231,197.41 895 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.86%
2 Morgan Stanley 16,323.54 83 7.32%
3 Citi 15,946.50 94 7.15%
4 UBS 15,487.17 60 6.95%
5 Goldman Sachs 14,053.61 76 6.30%