Troubled National Express pursues debt cutting plans

UK transport group National Express confirmed on Wednesday that it is considering raising equity among other options in a bid to reduce its debt. The company, which renegotiated its loan covenants at the end of June, also revealed in a trading update that it would not be able to financially support its British East Coast franchise, leading the UK government to nationalise the division.

  • 01 Jul 2009
National Express added that it was taking steps to strengthen its balance sheet and reduce its debt — much of which is made up of syndicated loans totalling £1.26bn. As well as equity funding — which could total the £400m that the group is widely speculated to be ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%