Global Crossing Auction Leaves Market Wondering

  • 01 Jun 2003
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A $5 million piece of Global Crossing's bank debt that was auctioned last week left secondary market players questioning the motives of the seller, Rabobank. Traders wondered why the bank decided to conduct an auction on such a small size of paper in a name that experiences decent flow with markets readily available. The paper ultimately sold in the 203/4 range, which is in the context of where the paper has been quoted over the last couple of weeks. Officials from Rabobank did not return calls by press time.

  • 01 Jun 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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,251.11 279 13.15%
2 Bank of America Merrill Lynch 90,895.27 265 12.04%
3 Wells Fargo Securities 72,661.39 222 9.63%
4 JPMorgan 52,367.24 169 6.94%
5 Credit Suisse 41,885.89 127 5.55%