Blackstone GSO prices largest euro CLO in 2013

Blackstone’s credit arm, GSO Capital Partners, has sold the largest euro CLO of the year, bringing year to date European issuance in 2013 close to €7bn. The first quarter of 2014 could be even busier, with at least eight managers said to be ramping up warehouses.

  • By Joseph McDevitt
  • 05 Dec 2013

The Citi-arranged deal, Richmond Park CLO, is Blackstone GSO’s third euro CLO this year. The size was increased from €413.7m at announcement two weeks ago to €615.7m at pricing.

The €351.05m of triple-A rated class ‘A-1’ notes were priced at 140bp over six month Euribor. The €74.375m ...

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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 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 RBC Capital Markets 801.51 2 13.30%
2 Citi 783.55 4 13.01%
3 Wells Fargo Securities 606.78 3 10.07%
4 Credit Suisse 534.82 2 8.88%
5 SG Corporate & Investment Banking 497.64 2 8.26%