Galaxy offers bondholders an exit with $350m tender offer

Galaxy Entertainment, the troubled Macau casino operator, is looking to take advantage of depressed debt markets to buy back its outstanding high yield bonds at a steep discount to face value.

  • 02 Dec 2008
Galaxy launched a tender offer for its outstanding high yield bonds on Tuesday in a deal arranged by Merrill Lynch. It is offering to buy back any or all of its $250m floating rate notes due 2010 at 53 cents on the dollar, and up to $100m of ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%