CLO Pipeline Stays Strong

Risk may be rising in leveraged loans and spreads are certainly contracting, but collateralized loan obligation managers are still finding plenty of interest.

  • 11 Mar 2005
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Risk may be rising in leveraged loans and spreads are certainly contracting, but collateralized loan obligation managers are still finding plenty of interest. Deals for American Express Asset Management, American Money Management, Ares Management,Black Diamond Capital Management and Octagon Credit Investors, are currently being marketed.

CLOs offer exposure to a broad spectrum of credit sectors versus other CDO products and makes sense as a diversification tool even without large spread pickups, said one analyst in a report. The analyst is also positive on fundamentals. More risk is creeping in, but this is not excessive. Cash flow multiples look positive and while equity contributions are falling they are well within historical standards, he added.

  • 11 Mar 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%