Latest CLO/CDO news

  • BMO set to launch risk transfer securitization

    Bank of Montreal is set to launch a synthetic ABS deal this week, shifting the risk on a $1.5bn portfolio of US and Canadian large corporate loans, with several European banks also understood to be working on risk transfer deals over the summer.

    • 20 Jul 2017
  • Private SME CLOs offered to European investors

    CLO market sources say direct lending to European SMEs is growing quickly, with some lenders now approaching investors to gauge their interest in investing in private SME CLOs.

    • 19 Jul 2017
  • Summer pipeline stays active for European CLOs

    The European CLO primary market is going strong as the market heads into late summer, with a slew of deals sold over the last week and buyers eyeing more to come.

    • 18 Jul 2017
  • Insurance companies swoop on junior CLO debt as fast money holds off

    Long term investors such as insurance companies and pension funds are buying more mezzanine and junior CLO debt as spreads compress. Meanwhile, asset managers and hedge funds appear to be taking more defensive positions in what they say has become a rich market.

    • 17 Jul 2017
  • EIB sets up green bond 'Rosetta Stone'

    The European Investment Bank (EIB) and other market actors are working on a system to match investors’ views on what is a ‘green’ bond with suitable deals in the market.

    • 14 Jul 2017
  • Valeant sheds $500m of debt to clear path through 2019

    Valeant Pharmaceuticals, the largest single company exposure in the US CLO market, announced a $500m debt redemption on Thursday with one investor saying debt holders would struggle to find similar returns in the current loan market.

    • 13 Jul 2017
  • Central bank concerns send corp bond investors on yield hunt

    The direction of central bank policy is increasingly coming to govern Investment grade and high yield bond investors' hunt for yield, with many of the latter now looking to triple-C rated paper to better hedge against the risk of rate hikes.

    • 12 Jul 2017
  • US CLO curve flattens as investors creep down capital stack

    The US new issue CLO market sparked back into life this week, with four new deals sold in addition to refinancing and reset activity. Investors have shifted down the capital structure and driven the US CLO credit curve to its flattest level in three years.

    • 11 Jul 2017
  • NewStar Financial snaps up Fifth Street CLO biz

    NewStar Financial has added around $726m of assets under management after buying Fifth Street Asset Management’s middle market CLO business, which had two outstanding deals.

    • 07 Jul 2017
  • US CLO watchers eye downside with spreads at record tights

    Some market observers are growing wary of downside risk in the US CLO market, with a raft of deals being priced at levels at or close to post-crisis tights.

    • 05 Jul 2017

CLO/CDO news archive

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) 4,759 19 12.03
2 Citi 4,288 14 10.84
3 Rabobank 2,633 4 6.65
4 Goldman Sachs 2,615 4 6.61
5 Barclays 2,603 8 6.58

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%