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 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%