Global Crossing Auction Leaves Market Wondering

  • 01 Jun 2003
Email a colleague
Request a PDF

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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%