PIMCO To Manage First High-Grade CDO

PIMCO Europe is gearing up to manage its first syndicated synthetic collateralized debt obligation referencing investment-grade corporates.

  • 09 Jun 2006
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PIMCO Europe is gearing up to manage its first syndicated synthetic collateralized debt obligation referencing investment-grade corporates. Currently the European arm of the mega U.S. firm has only emerging market synthetic transactions on its books (DW 11/18/05). The underlying portfolio will be managed out of Munich and officials there did not return emails by press time. Reasons for entering the high-grade CDO arena could not be immediately determined.

The CDO offers investors single-tranche exposure to a portfolio of 127 corporate CDS with an average rating of BBB. The segregated tranches are rated AAA through to A minus, and packaged into seven- and 10-year notes denominated in U.S. dollars, euros or yen. The transaction was arranged by UBS. Structuring officials at the house declined comment.

  • 09 Jun 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,521.83 80 6.93%
2 Barclays 20,382.90 37 6.89%
3 JPMorgan 18,760.94 72 6.34%
4 Goldman Sachs 17,444.96 41 5.89%
5 BNP Paribas 16,525.22 36 5.58%

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%