Weakness in UK retail pressures euro CLOs

Bank of America Merrill Lynch Analysts in a note this week pointed to weakening in UK retail businesses as a pressure point for European CLOs, citing recent poor performance across such sectors as clothing and restaurants.

  • By Max Adams
  • 08 Aug 2018
UK retail has been buffeted by negative news around a few big names, including House of Fraser, whose bonds dropped 22.5 points last week after news broke that a planned takeover of the business had been canceled, and Debenhams, whose bonds traded at a record low of 75 ...

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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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29