CLOs rampant after second busiest week since crisis

Last week was the second busiest week of issuance in the global CLO market in the post-crisis era, but refinance and reset activity is set to dominate the sector for the remainder of the year, a move which is likely to facilitate further price tightening in the leveraged loan market.

  • By David Bell
  • 07 Nov 2017

CLO managers in the US and Europe sold a combined $7.1bn in the new issue market last week, the second busiest week since the financial crisis, according to JP Morgan.

Invesco then got this week off to a busy start on Monday with a $510.1m Carbone CLO, arranged ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 13,091.24 36 12.23%
2 Bank of America Merrill Lynch 10,472.90 27 9.79%
3 Wells Fargo Securities 9,632.91 31 9.00%
4 JPMorgan 9,162.38 30 8.56%
5 Credit Suisse 4,676.43 10 4.37%