Dresdner Pitches Case For CDO Reworking

Dresdner Kleinwort believes restructurings of synthetic collaterized debt obligations will continue to be a major theme over the next few months, as structurers attempt to avoid costly unwinds.

  • 25 Jul 2008

-- Irene Chapple

Dresdner Kleinwort believes restructurings of synthetic collaterized debt obligations will continue to be a major theme over the next few months, as structurers attempt to avoid costly unwinds.

Research strategists are recommending restructuring synthetic CDOs as investors face potential rating downgrades, due to rating ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%