New York Manager Preps High-Yield CDO

  • 07 Jul 2002
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Weiss, Peck & Greer, the U.S. investment arm of Holland's largest asset manager The Robeco Group, is prepping its second collateralized debt obligation. The deal should be priced early next month, says a CDO market official. Called Robeco CDO V, the deal will be--as was Robeco CDO II sold last year--backed by high-yield bonds and loans. The arranger for the deal, Rabobank, in New York, is currently marketing the equity and the lower-rated debt tranches. Calls to Weiss and Rabobank were not returned.

The deal will total $300-400 million. A mix of 80% high-yield bonds and 20% high-yield loans backs the notes. The official says the timing for high-yield CDOs is better this month than it was a couple of months ago, as spreads on high-yield bonds have widened, increasing arbitrage opportunities. A CDO analyst with an investment bank says that as of last Monday only one high-yield CDO has been priced this year, (BW, 4/21).

  • 07 Jul 2002

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%