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 Citi 4,296 9 12.14
2 BNP Paribas 3,136 11 8.86
3 Bank of America Merrill Lynch (BAML) 3,067 11 8.67
4 Lloyds Bank 2,346 10 6.63
5 Morgan Stanley 2,138 5 6.04

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 48,731.88 138 11.84%
2 Bank of America Merrill Lynch 44,227.86 120 10.74%
3 Wells Fargo Securities 33,922.42 99 8.24%
4 JPMorgan 31,992.55 93 7.77%
5 Credit Suisse 24,807.99 61 6.03%