HY Influx Boosts Secondary Names

  • 07 Sep 2003
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The secondary loan market was given a boost last week on the back of the massive influx into the high-yield bond market. AMG Data Services reported a record $3.3 billion inflow for U.S. junk bond mutual funds in the week ended Aug. 27. "Cable, wireless, rural are all higher," said one trader.

He noted Nextel Communications is trading above par at 1003/8 to 1005/8. In addition to the bond influx, the name is benefiting from news that Warren Buffett's holding company Berkshire Hathaway bought at least $320 million of bonds and preferred stock since the beginning of 2002. Other names that are said to have risen include energy companies such as Dynegy and AES Corp.

 

  • 07 Sep 2003

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
  • 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%