High yield pain continues as investors reject Mobile 8 plan

Mobile-8, the Indonesian telecom company, is heading towards default on its $100m of high yield bonds after it failed to agree a debt restructuring with bondholders.

  • 02 Dec 2008
Moody’s, which cut Mobile-8’s credit rating to Ca on Monday, warned that a default on the company’s bonds looked “unavoidable” after investors requested early repayment of the 11.25% notes due 2013 following a change of ownership. Mobile-8 has 14 business days from November 26 to repay the principal ...

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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%