Lack of CLO warehouse capital dampens leveraged loan rally

Loans have bounced back from their steep selloff in December, but the recovery has lost some of its steam as new CLO warehouse capital to buy loans proves less abundant.

  • By Alexander Saeedy
  • 31 Jan 2019
According to data provided by the Loan Syndication and Trading Association (LSTA), the average loan price in its S&P/LSTA leveraged loan index jumped by 3% from January 2 to January 15 from 93.38 to 96.27. However, since that date, the index has only increased by 0.05% despite tightening ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com 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 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%