Corporate Supply & Flows (FEBRUARY 20)

  • 23 Feb 2003
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WEEKLY UPDATE

A rebound in highly-rated debt issuance was a feature of last week's primary market calendar as almost half of the $11.6 billion of investment grade issuance was rated double-A or better. Once again several sizeable sovereign issues were behind the boost in average ratings continuing a trend of very heavy issuance by this sector. There has been almost $30 billion of supra/sovereign issuance so far in 2003 and 36% of the primary market year-to-date has been in deals rated double-A or higher (versus 30% for all of 2002). Hence, the year's issuance volumes continue to look heavy with $94.5 billion of investment-grade deals having come to market so far, which is slightly ahead of the pace last year.

Analysis by CreditSights, Inc., an independent online credit research platform. Call (212) 340-3888 or visit www.CreditSights.com for more information

  • 23 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
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%