Latest CLO/CDO news

  • Stada buyout prescription finally shows results

    Bain Capital and Cinven's €5.3bn buyout of German pharmaceuticals maker Stada went through this week, the firm announced on Friday, after a tense build up to Wednesday's midnight deadline, with the 63% shareholder acceptance threshold only just being reached.

    • 18 Aug 2017
  • Widening loan spreads drive hope for new euro CLOs

    Fresh supply of European leveraged loans has led to softening prices, creating opportunities for CLO managers to form new deals and bringing new investors, including Japanese buyers, into the market.

    • 17 Aug 2017
  • Lev loan market prepares for more retail asset stripping

    The number of highly leveraged retailers including clauses in loans that allow them to strip out valuable collateral into separate subsidiaries, out of reach of secured lenders, has reached “extreme” levels, according to loan market sources.

    • 16 Aug 2017
  • Allen & Overy boosts US securitization team with Ashurst hires

    The New York office of Allen & Overy has hired a CLO-focused partner as well as four associates from Ashurst, building on recent hires in the high yield and leveraged finance practices.

    • 15 Aug 2017
  • Moody’s dampens fears of US retail woes

    Moody’s said on Tuesday that the struggling US retail sector would have only a limited impact on structured finance asset classes, with only narrow areas of the market likely to face distress.

    • 15 Aug 2017
  • North Korea fears prompt euro CLO trading spike

    The prospect of nuclear conflict between the US and North Korea led to increased trading of CLO mezzanine debt in the secondary market, but the market recovered quickly this week as fears receded.

    • 15 Aug 2017
  • Heavy demand, ease of risk retention open US CLO floodgates

    A wave of new US CLOs have been priced in the last week, with a slew of managers, some of whom have been long absent from the primary market, taking advantage of easy risk retention financing and heavy demand from debt investors to push deals through the pipeline.

    • 14 Aug 2017
  • Commercial real estate CLOs heat up

    A new CLO backed by commercial real estate loans has been priced this week, with spreads grinding tighter as investors snap up floating rate real estate debt.

    • 09 Aug 2017
  • Carlyle readies CLO refi in sleepy August

    The CLO sector has quieted down with the rest of the securitization market in August, with a refinancing of a 2015 deal from Carlyle Group among the only offerings on the horizon for the month.

    • 08 Aug 2017
  • CIFC hires new COO, eyes global expansion

    US private debt manager CIFC Asset Management has hired John DiRocco as chief operating officer, as the firm plans to expand its investment product offerings in the US and overseas.

    • 07 Aug 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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,266.46 209 13.33%
2 Bank of America Merrill Lynch 64,298.92 202 11.54%
3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%