Iolaus reaches end of trek as Morgan Stanley carves super-senior bond to bring in buyers

  • 26 Sep 2003

Morgan Stanley this week completed Iolaus, the 15th offering in its ELoC programme.

After more than a month of marketing and extensive restructuring to soothe investor fears over portfolio concentrations, the deal was priced in line with price talk.

European Loan Conduit No 15 plc (Iolaus) refinances 11 loans originated ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
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 8.77

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 50,762.12 164 10.68%
2 JPMorgan 43,849.74 130 9.22%
3 Wells Fargo Securities 37,970.87 112 7.99%
4 Bank of America Merrill Lynch 36,015.87 117 7.58%
5 Credit Suisse 30,953.64 97 6.51%