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 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
  • 23 Jan 2017
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%