Lyondell's Term 'E' Dips Below Par

  • 23 Aug 2002
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Lyondell Chemical's term loan "E" dipped below par last week, trading as low as 98 1/2 before ticking back up to the 99 level on Thursday. Dealers said the name had traded in small pieces south of par because of general concerns with the chemical sector. "Chemical companies are taking a beating," one trader said, noting that rising prices for crude oil and raw materials were causing some of the pressure.

Lyondell's falling levels created quite a buzz in the slow summer environment. "People get emotional when there's movement below par, especially when the paper had been trading in the neighborhood of 101 not too long ago," another trader said. A spokesman for the company declined to comment.

  • 23 Aug 2002

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%