Flagship Increases Latest Loan Fund

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.

  • 20 Aug 2004
Email a colleague
Request a PDF

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.

  • 20 Aug 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.84 201 11.52%
2 Bank of America Merrill Lynch 60,472.76 166 9.85%
3 JPMorgan 48,700.42 139 7.94%
4 Wells Fargo Securities 48,082.68 138 7.83%
5 Credit Suisse 38,252.19 94 6.23%