Coventree To Cut 30% Of Workforce

  • 19 Sep 2007
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Toronto-based Coventree, Canada’s largest issuer of non-bank asset-backed commercial paper, will lay off 30% of its workforce and close an office in Denver, reports Bloomberg News. The company reported having 76 employees on June 30, so the announcement likely means about 25 people will lose their jobs. The cuts follow the company’s inability to find buyers for 73% of the C$4.8 billion ($4.73 billion) in debt that matured during the past month and will cost Coventree about C$1 million ($985,331) in the fourth quarter.

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  • 19 Sep 2007

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
  • 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%