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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%