Restructuring spree, even as defaults slow

Europe’s speculative grade companies remain vulnerable to refinancing risks and many will need to find new shareholders to repay debt, Standard & Poor’s said in a report this week.

  • 16 Apr 2010

The warning came even as S&P said that it expects the 12-month default rate among junk-rated borrowers to continue falling after shrinking from a record high of 14.2% at the end of September to 12.8% by the end of 2009.

"The figure [12.8%] is in line with expectations," Paul ...

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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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%