More debut issuers drawn to CRE CLOs for cheap funding

First time issuers are dominating activity in the growing market for commercial real estate CLOs, with Bridge Debt Strategies the latest debut real estate investment trust to tap the market.

  • By David Bell
  • 14 Feb 2018

Bridge priced a $510.23m deal on Wednesday, with Wells Fargo acting as sole structuring agent, lead manager and bookrunner.

The deal offered three tranches of notes rated AAA, AA-, and A-. The senior ‘A’ tranche was priced with a coupon of 85bp over Libor, in line with guidance, ...

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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 %
  • Last updated
  • Today
1 Citi 13,091.24 36 13.59%
2 Wells Fargo Securities 9,068.95 28 9.41%
3 Bank of America Merrill Lynch 8,771.28 25 9.10%
4 JPMorgan 8,197.56 26 8.51%
5 RBC Capital Markets 4,569.28 13 4.74%