Focus on CLO resets could drag on new issue volumes, say sources

The rush of US CLO managers looking to extend existing deals on the back of risk retention rules being vacated might take some of the steam out of the new issue CLO market in the second half of the year, say some market players.

  • By David Bell
  • 06 Jun 2018

CLO resets, which reprice the debt on existing portfolios as well as extending the deal's reinvestment period, have jumped to $27.2bn in the year to date, up from $12.2bn during the same period last year, according to Wells Fargo’s senior CLO analyst Dave Preston.

The new issue market ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,115 8 19.70
2 Goldman Sachs 2,096 5 13.26
3 Morgan Stanley 1,965 5 12.42
4 BNP Paribas 1,685 5 10.66
5 Barclays 1,565 3 9.90

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.55%
2 JPMorgan 25,235.99 70 9.44%
3 Wells Fargo Securities 24,432.24 66 9.14%
4 Bank of America Merrill Lynch 23,023.30 73 8.61%
5 Barclays 16,351.18 54 6.12%