GSC Boosts Synthetic Collateral For Second Hybrid

GSC Partners is marketing its second hybrid asset-backed securities collateralized debt obligation.

  • 11 Aug 2006
Email a colleague
Request a PDF

GSC Partners is marketing its second hybrid asset-backed securities collateralized debt obligation. The USD750 million deal, called GSC ABS CDO 2006-4u, is fully ramped and expected to close early next month. It was underwritten by UBS and consists of 75% credit-default swaps referencing primarily mezzanine residential mortgage-backed securities and the rest in cash securities. GSC's first hybrid, GSC ABS CDO 2006-2m, consisted of 45% synthetic collateral and was placed by Merrill Lynch (DW, 6/2). GSC and UBS officials declined all comment.

GSC is working on a similar deal to 4u with RBS Greenwich Capital and on a high-grade deal with Goldman Sachs, both for the fall.

  • 11 Aug 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 24,891.71 88 7.80%
2 JPMorgan 23,552.91 80 7.38%
3 Barclays 22,049.34 45 6.91%
4 Goldman Sachs 17,809.03 44 5.58%
5 HSBC 17,636.79 61 5.53%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 24.01%
2 Credit Suisse 1,301.65 4 19.45%
3 UBS 970.80 3 14.50%
4 BNP Paribas 522.35 4 7.80%
5 SG Corporate & Investment Banking 444.17 3 6.64%