Heavyweights Seen Coming Back To Market

Two major names are close to raising debt for collateralized loan obligations. Bain Capital affiliate Sankaty Advisors is in the market via J.P. Morgan with the $500 million Avery Point CLO.

  • 16 Nov 2003
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Two major names are close to raising debt for collateralized loan obligations. Bain Capital affiliate Sankaty Advisors is in the market via J.P. Morgan with the $500 million Avery Point CLO. Merrill Lynch, meanwhile, is said to be close to pricing the notes backing a CLO for Prudential Financial's leveraged bank loan group. The Prudential CLO is called Dryden 5 and is set to be approximately $350 million, according to a source. Ross Smead, portfolio manager for Prudential's leveraged bank loan division, declined to comment. Price talk on the triple-A notes is within the LIBOR plus 55 basis points level, said the source. This will be Prudential's second CLO this year, with UBS bringing the $349 million Dryden 4 to market in August. A Merrill spokesman also declined comment. Sankaty managing director Jonathan Lavine did not return calls.

  • 16 Nov 2003

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 %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.59%
2 Bank of America Merrill Lynch 66,338.04 186 9.46%
3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%