Euro CLOs Still A Hard Slog

Deutsche Bank has priced its €858 million ($1.23 billion) ECAS 2011-1 Loan B.V. collateralized loan obligation, which was backed by a book of second tier and mezzanine debt, but the deal’s pricing levels have sparked a bearish tone among some industry professionals in London.

  • 28 Jun 2011

—Hugh Leask

Deutsche Bank has priced its €858 million ($1.23 billion) ECAS 2011-1 Loan B.V. collateralized loan obligation, which was backed by a book of second tier and mezzanine debt, but the deal’s pricing levels have sparked a bearish tone among some industry professionals in London.

The deal is only ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%