Latest CLO/CDO news

  • NoChu reports growing CLO portfolio, weak financial picture

    Japan's Norinchukin Bank revealed in its full year 2018 earnings presentation Wednesday that it grew its CLO holdings by 8.8% during the first quarter of 2019, although a look into its books shows a tenuous picture of a bank that is aggressively pursuing yield beyond its own borders.

    • 22 May 2019
  • How a Midwestern life insurer powered Wall Street's biggest new CLO manager

    A wave of first time CLO managers have emerged since the market began its astonishing bull run in 2014. Standout among them has been CBAM, which has built an $11bn CLO platform in less than three years, in part thanks to a lucrative partnership with a storied Kansas life insurance company.

    • 22 May 2019
  • Dollar Libor fallback language for securitizations to come next week

    A panel of experts at IMN’s Leveraged Loan and CLO conference in New York on Tuesday said that the Alternative Reference Rates Committee (ARRC) is set to release fallback language next week that would prescribe how Libor-linked securitizations would adopt an alternative benchmark in the absence of the traditional inter-bank rate.

    • 21 May 2019
  • DFG poaches Crescent Capital exec

    As it continues to boost its platform, CLO manager DFG Investment Advisers announced on Tuesday that it has hired John Hwang as a director in its leveraged credit team.

    • 21 May 2019
  • European pipeline bulges with trio of new deals

    The new issue pipeline in Europe is showing no sign of slowing down following what was one of the busiest weeks of the year so far, as issuers tee up three new deals, including the first public auto ABS to be issued by Mercedes-Benz in Italy.

    • 20 May 2019
  • US CLO portfolio quality in decline since winter selloff, says Wells

    A team of researchers at Wells Fargo led by David Preston said in a webcast on Friday that managed CLO portfolios saw a decline in quality as managers in aggregate failed to build par and bought lower credit quality loans.

    • 17 May 2019
  • Credit Suisse adds to EMEA CLO team with new promotion

    Credit Suisse has promoted Sheenal Thaker to its EMEA CLO corporate asset finance team, based in London.

    • 17 May 2019
  • BNP hires new chief US credit strategist

    BNP Paribas on Wednesday announced that it has hired a new US chief credit strategist.

    • 15 May 2019
  • BAML CLO chief departs for buyside

    Wynne Comer has left Bank of America Merrill Lynch after 12 years and will be taking on a role at AGL Credit Management, the new private credit firm opened in March by CIFC-founder Peter Gleysteen.

    • 14 May 2019
  • Natixis affiliate Ostrum extends CLO operations into US

    Paris-based Ostrum Asset Management is expanding into US markets as its institutional investors look to diversify into US alternative asset strategies, it said on Tuesday.

    • 14 May 2019

CLO/CDO news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 11.08%
2 JPMorgan 33,238.00 94 9.04%
3 Wells Fargo Securities 31,218.81 89 8.49%
4 Bank of America Merrill Lynch 28,936.60 91 7.87%
5 Credit Suisse 23,189.41 72 6.31%