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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%