High-Yield Roundup

  • 09 Feb 2003
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New issues were the main focus last week asTRW Automotivepriced a $1.58 billion deal. Gaming weakened slightly. Here is other action.

Nash Finch Drops Amid SEC Probe

Nash Finch saw its 8.5% notes of '08 fell from 70 last Wednesday to a bid of 50 as the food distributor announced a Securities and Exchange Commission investigation into a company promotional program used by manufacturers.

Robert Goch, analyst at Miller Tabak Roberts Securities, says there are several unanswered questions. "The outlook is cloudy. People are scratching their heads trying to figure out if they will need to restate earnings and if so to what extent. If there is a restatement, people will have to reevaluate the earnings power of the company," he says.

 

El Paso Plummets

The El Paso Corp. 7.875% notes of '12 fell 10 points to 69 after the company missed earnings estimates and announced a wholesale restructuring plan. A high-grade analyst who has given up formal coverage of the company says new waves of legacy high-grade sellers appeared in the market last week.

  • 09 Feb 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%