Flagship Capital Management upsized its latest collateralized loan obligation to $350 million from $300 million. The vehicle, called Flagship CLO III, is expected to close Aug. 31. Banc of America Securities priced the triple-A tranche at LIBOR plus 36 basis points, in line with other CLOs, but significantly tighter than on deals priced earlier this year (LMW, 8/16). Flagship is a loan subsidiary of B of A, but was a subsidiary of Fleet Bank. Ty Anderson is the lead portfolio manager. Officials from Flagship declined comment.
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Wells Fargo Securities||31,218.81||89||8.49%|
|4||Bank of America Merrill Lynch||28,936.60||91||7.87%|