Retail rout fails to dent lev loans, CMBS

Despite a string of credit issues at troubled US retailers, the sector has provided leveraged loan investors with the strongest gains in the year so far, said JP Morgan on Tuesday, while the CMBX index targeted by mall bears as the next Big Short has barely budged.

  • By David Bell
  • 20 Mar 2018

A slump in equity markets dragged on US credit spreads on Monday, although leveraged loans only widened by one cent.

“In general, leveraged loan prices remain mostly insulated from the past few months’ volatility across rates, credit, and equity prices,” wrote JP Morgan high yield and leveraged loan ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,254.20 381 11.10%
2 Bank of America Merrill Lynch 104,113.90 304 8.88%
3 JPMorgan 103,048.77 303 8.79%
4 Wells Fargo Securities 93,728.92 276 7.99%
5 Credit Suisse 76,904.09 209 6.56%