CIT Rescue Loan Trades Up Strongly On Break

The rescue loan extended to struggling CIT Group broke yesterday for trading and was up by about 10 points by today.

  • 22 Jul 2009

--Libby Sallaberry

The rescue loan extended to struggling CIT Group broke yesterday for trading and was up by about 10 points by today. Market players attributed the strong trading to the loan's attractive terms and assets.

The $3 billion loan, which was extended to CIT by bondholders to help the ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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1 Citi 99,250.27 279 13.13%
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5 Credit Suisse 41,885.89 127 5.54%