CDO Warehouses Close, Tighten Lines

Volatility in asset-backed securities has led to dealers shutting down high-grade collateralized debt obligation warehouses or tightening their lines of credit.

  • 02 Mar 2007

-- Olivia Thetgyi

Volatility in asset-backed securities has led to dealers shutting down high-grade collateralized debt obligation warehouses or tightening their lines of credit. “If dealers have too much risk, they’ll sell the collateral they can get the highest price on first,” said Fred Matera, co-head of structured credit ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%