CDO Pro Calls For Vendor Info On Secondary Market

Zais Group, a CDO manager, is calling for an eBay-type seller rating for portfolio managers offloading collateralized debt obligations in the secondary market so that potential purchasers don't waste resources trying to price deals that never get sold.

  • 14 Mar 2004
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Zais Group, a CDO manager, is calling for an eBay-type seller rating for portfolio managers offloading collateralized debt obligations in the secondary market so that potential purchasers don't waste resources trying to price deals that never get sold. Denise Crowley, portfolio manager, said in many cases vendors soliciting bids for their CDOs do not complete the sale, which is frustrating for those putting in work for the deals. While it is understandable that sellers want to meet reserve prices, it appears many sellers are not serious about shifting the portfolios, she said.

Crowley suggested that the secondary CDO market could benefit from a system similar to that of eBay, in which sellers are rated by buyers. Vendors attracting negative reviews would likely see less efficient execution of their sales as they will ultimately attract fewer bidders, she said.

  • 14 Mar 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%