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) 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%