Citibank Shops Portfolio Auction

Citibank is said to be shopping a portfolio of loans that is worth about $115 million and contains about 47 names.

  • 23 Jun 2004
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Citibank is said to be shopping a portfolio of loans that is worth about $115 million and contains about 47 names. One loan investor said the average spread of the portfolio is LIBOR plus 290 basis points. The portfolio is said to contain a staple of flow names such as Allied Waste Industries, AlarisMedical Systems and Charter Communications. There are also said to be a couple of stressed names in the portfolio. Traders at Citi did not return calls by press time and it could not be ascertained if the portfolio was assembled by Citibank or whether it is a deal being liquidated by another portfolio manager. Several loan investors commented that Citibank has been at the forefront of creating portfolio auctions, with the end buyers being prime-rate and closed-end funds. But one loan investor said dealer-to-dealer auctions are also not unheard of.
  • 23 Jun 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%