Distressed Debt Exchanges Seen On The Rise

Some companies are turning to distressed exchanges, where they offer bond holders a different security package to try to avoid default, as an alternative to filing for Chapter 11.

  • 03 Jul 2008
Some companies are turning to distressed exchanges, where they offer bond holders a different security package to try to avoid default, as an alternative to filing for Chapter 11. There have been 35 defaults this year and eight distressed exchanges. That's in line with historical rates, but the ...

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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%