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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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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%