LSTA To Publish Secondary Market Performance Data

The Loan Syndications and Trading Association plans to publish secondary market performance charts next month in an effort to increase the amount of market data available to its members.

  • 20 Jan 2006
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The Loan Syndications and Trading Association plans to publish secondary market performance charts next month in an effort to increase the amount of market data available to its members. The information will be emailed to members and will also be available on the LSTA's Web site. "We want to increase our member benefits by providing this data," said Ted Basta, v.p. of market data at the association.

The association will publish the data, which will include the average price of secondary bids as well as the average bid-ask spread levels for both par and distressed credits, on a monthly and quarterly basis. The data will also include details regarding the percentage of loans that trade at various price levels, such as the percentage of loans that trade above par. It will be presented in the form of statistics and graphs and will not look at specific credits.

Other features include information on price volatility, including data on the percentage of loans that have had the largest price swings, as well as the ratios of loans that have advanced and declined in price. The association will also compare how first liens price in the secondary market compared to second liens. The performance charts will be available to full and associate members beginning Feb. 1.

  • 20 Jan 2006

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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%