Massive CLO Demand Drives AIG Increase

Morgan Stanley has increased AIG Global Investment Group's latest collateralized loan obligation by $100 million to $400 million on the back of massive investor demand.

  • 04 Feb 2005
Email a colleague
Request a PDF

Morgan Stanley has increased AIG Global Investment Group's latest collateralized loan obligation by $100 million to $400 million on the back of massive investor demand. Galaxy IV is the seventh leveraged loan vehicle from AIG and the firm has built a wide range of relationships with investors, said a loan market participant.

A banker said there were commitments from investors that could have allowed a $1 billion deal, but AIG believes it would be better to invest in a more controlled manner. The offering memorandum for the deal will come out Feb. 7 and the debt will be sold in the following week. Pricing is expected to be at the very tight end of recent deals with the AAAs around LIBOR plus 30 basis points. Officials at AIG and Morgan Stanley declined comment.

  • 04 Feb 2005

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%