Latest CLO/CDO news

  • Investcorp eyes push into middle market, other CLO debt

    Investcorp Credit Management is looking to expand its footprint in US secured corporate loans, with middle market credit and the CLO debt of other credit managers’ both targets, according to the firm’s head of US credit.

    • 13 Jul 2018
  • Euro primary ABS facing choppy conditions

    With the summer holiday season just around the corner, the flood of new issue euro ABS deals, seen following the IMN Global ABS conference, has turned into a trickle, with just one new mandate announcement on Thursday adding to three deals looking to price in conditions favouring investors.

    • 12 Jul 2018
  • Glut of CLOs drives decline in loan standards

    A spike in the supply of US leveraged loans and CLOs has caused spreads to widen in both markets in recent weeks. While CLO managers are scrambling to satisfy demand for the product, critics say they should be doing more to protect the quality of the loans they are investing in.

    • 10 Jul 2018
  • Euro CLO managers reap the benefits of LBO uptick

    An increase in European leveraged buyout activity is helping boost diversity in CLO pools, according to Bank of America Merrill Lynch.

    • 10 Jul 2018
  • US CLO debt still attractive for Japanese buyers — BAML

    Bank of America Merrill Lynch analysts said on Monday that despite Japanese investors sitting on the sidelines in recent months as spreads slip wider, improving swap rates still mean US CLO debt is an attractive opportunity.

    • 09 Jul 2018
  • US CLO market powers through holiday week

    The US CLO market has shrugged off the interruption of July 4th festivities, with five managers closing new deals so far in the shortened week and a raft of other issuers closing refinancing and reset transactions.

    • 05 Jul 2018
  • Euro PP buyers lean to loans as MAR and MiFID bite

    Euro private placement (Euro PP) transactions can be structured as loans or as bonds, depending on the preferences of both parties. But some smaller investors have withdrawn from the bond format, concerned that it brings them into the scope of MiFID II and of MAR, though market participants are hatching plans to bring them back.

    • 05 Jul 2018
  • Loans in brief - July 5, 2018

    • 05 Jul 2018
  • US loans move toward wider pricing, tougher terms

    After a long wave of repricing activity, the amount of new money deals has increased in the US leveraged loan market and this is helping investors gain better terms and pricing.

    • 03 Jul 2018
  • US CLO market preps for heavy reset supply in July

    On top of a busy primary market CLO pipeline, a wave of expensively priced deals sold in 2016 are expected to be reset soon, but some analysts are confident the supply can be absorbed without too much disruption to spread levels.

    • 02 Jul 2018

CLO/CDO news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.54
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.73
3 Citi 5,130 13 9.02
4 JP Morgan 4,681 6 8.23
5 Lloyds Bank 3,389 13 5.96

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.84 201 11.60%
2 Bank of America Merrill Lynch 60,472.76 166 9.92%
3 Wells Fargo Securities 48,082.68 138 7.89%
4 JPMorgan 48,046.47 137 7.88%
5 Credit Suisse 38,252.19 94 6.28%