Distressed Debt Exchanges Surge

The number of distressed debt exchanges has surged and is expected to account for a sizeable portion of defaults over the next 12 months.

  • 27 Jul 2009

--Leela Parker

The number of distressed debt exchanges has surged and is expected to account for a sizeable portion of defaults over the next 12 months. In distressed exchanges, companies buy back debt from their lenders at distressed prices. The company may retire existing bonds, pay down term debt ...

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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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%