Land Source Second Lien Drops 20 Points

An anticipated amendment for LandSource Communities that would have CalPERS inject money into the company appears to have faltered last Wednesday, causing LandSource's loans to drop about 20 points on the second lien and 10 points on the first lien.

  • 18 Apr 2008
An anticipated amendment for LandSource Communities that would have CalPERS inject money into the company appears to have faltered last Wednesday, causing LandSource's loans to drop about 20 points on the second lien and 10 points on the first lien. "The second lien really got hammered," one dealer ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%