Visteon CDS Tighten With 4Q Earnings

Five-year credit default swaps on Visteon tightened about five points last week to level off at 420-430 after an improved earnings announcement, according to a dealer.

  • 23 Feb 2007
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Five-year credit default swaps on Visteon tightened about five points last week to level off at 420-430 after an improved earnings announcement, according to a dealer. It was a "decent mover" in a pretty boring market last week, he said. After jumping about one-and-a-half points last week, its 8.25% '10 bonds were trading at 103.625 and its 7.5% '14 notes remained around 88, according to Markit data.

The struggling auto parts marker recently announced it lost $39 million in the fourth quarter but its loss for the full year narrowed to $163 million from $388 million for 2005. It added $200 million to its $800 million term loan in November (CIN, 11/29). JPMorgan and Citigroup lead the credit line, which is priced at LIBOR plus 3%. It was trading around 100.782-101.157 last Thursday, according to Markit. Calls to a company spokesman were not returned.

  • 23 Feb 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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%