BWICs Spur High-Yield Rally

Several large BWICS -- bids wanted in competition -- for seven-year protection on high-yield names were floating around the market late last week.

  • 24 Aug 2007
Several large BWICS -- bids wanted in competition -- for seven-year protection on high-yield names were floating around the market late last week. One estimate put the total size of the BWICs at $5 billion. Current high spreads mean collateralized debt obligations can be structured from such protection, ...

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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) 6,778 8 22.97
2 Citi 5,854 5 19.84
3 Goldman Sachs 4,763 3 16.14
4 Societe Generale 1,506 3 5.10
5 Rabobank 1,413 2 4.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%