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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 1,276.60 4 17.08%
2 RBC Capital Markets 801.51 2 10.72%
3 Citi 783.55 4 10.48%
4 Credit Suisse 534.82 2 7.16%
5 SG Corporate & Investment Banking 497.64 2 6.66%