ManUtd shows European high yield burying reckless tag

Asian and US buyers rallied to the controversial bonds sold by Manchester United football club last week Friday — but the deal showed a welcome caution on the part of European high yield investors.

  • 29 Jan 2010
Weeks of fretting over Manchester United’s £514m-equivalent high yield bond are finally over. And despite the opposition to the deal from fans, commentators and some investors, the football club got the issue away at or close to initial price talk. Bankers close to the deal said that it ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%