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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%