Latest CLO/CDO news

  • New UK RMBS issuance to be sold to US clients

    A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.

    • 14 Jan 2019
  • Japanese ‘anchor’ buyers to widen bids for US triple-A CLOs

    Despite a rebound in the leveraged loan market, sources tell GlobalCapital that large Japanese buyers of US triple-A CLO debt are set to move their bids for the bonds wider as managers line up the first US CLOs of 2019.

    • 14 Jan 2019
  • Moody’s mulls rule switch to boost supranational securitizations

    Moody’s is looking at amending its rating approach for multilateral development banks and supranationals in the wake of last year’s groundbreaking African Development Bank ‘Room2Run’ risk transfer deal, proposing explicit ratings credit for ‘credit protection features’ for the first time.

    • 10 Jan 2019
  • KKR to shrink leveraged loan exposure in 2019

    Anticipating further deterioration in US corporate credit, KKR said it will reallocate all of its dedicated leveraged loan capital this year to an opportunistic fund that will span across corporate credit sectors.

    • 09 Jan 2019
  • CLO buyers hope for new year’s magic as loans rebound

    As the leveraged loan market recovers following a pronounced selloff at the end of 2018, some CLO investors are eyeing a potential reboot to the flatlined CLO market if sentiment in leveraged loans remains upbeat.

    • 07 Jan 2019
  • UK banks squeeze out rush of risk transfer trades before year-end

    UK banks printed a flurry of risk transfer securitizations just before the end of last year, hedging portfolios of corporate credit and commercial real estate totalling more than $8.5bn-equivalent.

    • 03 Jan 2019
  • New York law firm taps CLO expert for securitization practice

    Sidley Austin has hired Steven Koyler to join the firm’s global finance practice as a partner in New York.

    • 02 Jan 2019
  • More retail funds join leveraged loan exodus

    A wave of mutual fund redemptions is pushing a loan market sell-off deeper as investors look to cash out of a potentially overheated investment, said leveraged loan market sources this week.

    • 20 Dec 2018
  • Peak CLO market prepares for rate cycle gyrations

    Against a backdrop of rising Libor rates, deteriorating loan covenants and strong corporate earnings, CLO participants in 2018 had to digest a host of mixed signals from the market. Investors and managers are cautiously eyeing a continued bull run as the sector comes to a late-cycle crossroads in 2019.

    • 18 Dec 2018
  • Risk transfer market readies new frontiers

    Synthetic risk transfer markets have had another good year, with the core group of banks active in the market returning to issue, smaller firms mulling the market, and investors raising new cash to buy deals. But perhaps most exciting is the development of a whole new issuer base, in the shape of multilateral development banks, following the landmark ‘Room2Run’ deal between the African Development Bank and Mariner Investment Group.

    • 18 Dec 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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%