Latest CLO/CDO news

  • CLO issuers question depth of EU buyer base

    The European CLO investor base may not be as deep as once thought, as managers see spreads widen in the primary market, particularly for CLO refinancings.

    • 24 Apr 2017
  • EIB invests in first synthetic securitization under Juncker plan

    Commerzbank has sold the first synthetic securitization to the European Investment Bank (EIB) under the European Fund for Strategic Investments, otherwise known as the ‘Junker Plan’, which aims to encourage lending and investment across Europe.

    • 20 Apr 2017
  • Middle market CLOs eye Asian, insurance company cash

    Antares Capital Advisers’ first middle market CLO in the 2.0 era was this week rumoured to have attracted the interest of Asian investors, potentially unlocking another big source of funding for a market that is also attracting larger volumes of insurance company money.

    • 19 Apr 2017
  • US CLO triple-As defy spread widening trend

    Managers priced four new issue US CLOs last week, as unsatisfied demand helped triple-A spreads to grind even tighter despite softening in the rest of the capital stack.

    • 18 Apr 2017
  • Flurry of managers rush EU CLO primary

    The Carlyle Group, CQS Investment Management, Bain Capital and Spire Partners were in the market with CLOs this week, sprinting to get deals out the door ahead of the Easter break.

    • 12 Apr 2017
  • CLO equity buyers eye risk retention, warehouse first loss pieces

    Risk retention financing and warehouse first loss pieces are becoming increasingly attractive trades for European CLO equity buyers as they face growing competition from US buyers and junior debt investors creeping down the capital stack.

    • 12 Apr 2017
  • Spire and Citi take home GlobalCapital's EU CLO awards

    On Wednesday, April 5, GlobalCapital presented its annual European CLO awards at the IMN Investors' Conference on European CLOs and Leveraged Loans in London.

    • 06 Apr 2017
  • US duo hit Europe with debut CLOs

    New Jersey based asset manager Onex Credit Partners has closed its first European CLO, while fellow US manager HPS has also launched a first deal in the European market.

    • 06 Apr 2017
  • Cov-lite not yet a problem for EU CLOs, but recovery data unclear

    Speakers at the IMN Investors’ Conference on European CLOs and Leveraged Loans, held in London on Wednesday, said that “covenant lite” loans in CLOs are not yet a problem for the market, but warned the audience that recovery rates have yet to be truly tested.

    • 05 Apr 2017
  • European CLO managers eye more fluid global investor base

    The global CLO investor base is becoming increasingly fluid, with US, European and Japanese investors moving between markets based on relative value and credit quality with greater ease, attendees at the IMN Investors’ Conference on European CLOs and Leveraged Loans heard on Wednesday.

    • 05 Apr 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) 6,778 8 22.97
2 Citi 5,854 5 19.84
3 Goldman Sachs 4,763 3 16.14
4 Societe Generale 1,506 3 5.10
5 Rabobank 1,413 2 4.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%