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 Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%