ECB, BoE Repo Deals To Hinder CLO Price Correction

Asset-backed securities pledged to the European Central Bank and the Bank of England as repurchase agreement collateral are likely to drive collateralized loan obligations spreads wider once banks are forced to take their securities back when the repo terms end.

  • 01 Jul 2008

--Cristina Pittelli

Asset-backed securities pledged to the European Central Bank and the Bank of England as repurchase agreement collateral are likely to drive collateralized loan obligations spreads wider once banks are forced to take their securities back when the repo terms end. Because ABS and RMBS are seen as ...

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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 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 71,838.88 206 11.37%
2 Bank of America Merrill Lynch 61,812.39 171 9.78%
3 Wells Fargo Securities 50,159.53 146 7.94%
4 JPMorgan 49,089.37 141 7.77%
5 Credit Suisse 39,020.67 99 6.18%