U.K. Manager Preps Next CDO

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  • 24 Nov 2003
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M&G Investment Management is planning to structure a collateralized debt obligation, according to an insider at the firm. The transaction, which should be ready next year, will repackage either asset-backed securities or leveraged loans, according to the insider. M&G is opting to pool these assets because they currently offer more arbitrage than high-yield and investment-grade bonds. As in the U.S., tighter corporate bond spreads have reduced the attractiveness of structuring CDOs backed by unsecured debt, causing collateral managers to use other underlying assets. M&G priced its first CDO of structured finance assets, Pallas CDO, in September. The investment management company already has two CDOs of investment-grade debt outstanding, Panther I and II, as well as a leveraged-loan CLO, Leopard I.

  • 24 Nov 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%