China Merchants Bank makes CLO debut, sells Rmb4bn ($584m)

China Merchants Bank sold its debut collateralised loan obligation (CLO) on Friday, raising over Rmb4bn ($585m) in China’s embryonic structured finance market. It is the second Chinese CLO in a matter of weeks, and marks the end to almost seven months of inactivity in the Chinese structured finance market.

  • 04 Nov 2008
On top of last week’s transaction, there was another debut last month as China CITIC Bank sold its own loan securitisation. The two deals, both arranged by Standard Chartered, have a combined size of Rmb8.17bn ($1.2bn). This is a significant addition to China’s nascent securitisation market, which had ...

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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 %
  • Last updated
  • Today
1 Citi 1,505.59 4 23.31%
2 SG Corporate & Investment Banking 1,292.64 1 20.01%
2 Rabobank 1,292.64 1 20.01%
4 BNP Paribas 598.25 2 9.26%
5 TD Securities Inc 241.54 1 3.74%