MyTravel Slips

MyTravel Group's bank debt had slipped into the low 30s context by last week, but market players said the outlook for the travel industry--not the company's statements at its annual general meeting last week--was the culprit.

  • 26 Mar 2004
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MyTravel Group's bank debt had slipped into the low 30s context by last week, but market players said the outlook for the travel industry--not the company's statements at its annual general meeting last week--was the culprit. The potential impact of the events of the last several weeks in Madrid and Israel on the travel industry is a concern, explained one dealer. But a MyTravel spokesman explained that so far the company had not recorded any adverse effects. "We have not noticed any decline in bookings due to the ghastly events in Madrid," he said.

MyTravel's loan climbed out of the mid-to-high 20s at the beginning of this year and was seen north of the 35 level as the company moved away from its cash crunch of last year. Some market participants had believed, however, that the paper had been chased up to artificial highs at that time.

Meanwhile, MyTravel notes, in its annual general meeting statement, that it has begun to identify its options for restructuring its balance sheet and the measures would likely result in very significant dilution of the interests of shareholders. The company spokesman declined to comment on the potential alternatives.

  • 26 Mar 2004

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

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%