Mezz Keeps Tightening With LCM CLO

Mezzanine tranches of new-issue collateralized loan obligations continued a recent rally with the pricing of LCM Capital Management’s $518.75 million deal.

  • 18 Jan 2013
Mezzanine tranches of new-issue collateralized loan obligations continued a recent rally with the pricing of LCM Capital Management’s $518.75 million deal, arranged by Morgan Stanley. The BB-rated, $21.25 million E class sold to yield investors 600 basis points over LIBOR, tighter than any B-rated tranche from broadly-syndicated-loan CLOs ...

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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 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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1 Citi 70,842.09 237 10.45%
2 JPMorgan 64,579.62 197 9.52%
3 Bank of America Merrill Lynch 51,474.08 169 7.59%
4 Wells Fargo Securities 51,322.59 157 7.57%
5 Credit Suisse 47,737.24 151 7.04%