Virginia Shop Debuts CDO Deal

  • 19 Jan 2003
Email a colleague
Request a PDF

Westmoreland Capital Management is prepping its first ever collateralized debt obligation. It should price in the first quarter, according to a CDO market participant. The firm is a brand new CDO shop based in Richmond, Va. It was created last year by several senior CDO bankers from J.P. Morgan Securities, Prudential Securities and First Union Capital Markets. Carter Rise, founding partner, reached at the firm's New York office, declined to comment.

Wachovia Securities is underwriting the $1 billion investment-grade managed CDO deal, says the market official. He says market participants believe Westmoreland plans to launch a second deal in the second half of the year. It will be a multi-sector asset-backed securities CDO, he says. Calls to Tom Wickwire, the head of Wachovia's credit structured product group in Charlotte, were not returned.

  • 19 Jan 2003

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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%