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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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%