Floating-Recovery Rate LCDOs Prepped

A handful of bespoke collateralized debt obligations backed by floating-recovery rate loan-only credit-default swaps are in various stages of marketing.

  • 22 Feb 2007

--Nicole Kotsianas

A handful of bespoke collateralized debt obligations backed by floating-recovery rate loan-only credit-default swaps are in various stages of marketing. In a floating-rate LCDS, the protection seller settles at the recovery value of the loan after default, as opposed to fixed-recovery LCDS, where the protection seller makes ...

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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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%