TELUS, a Canadian phone corporation, saw its U.S. dollar-denominated 7.5% notes of '07 and 8% notes of '11 drop from 63 to 47 after a ratings downgrade to junk from Moody's Investors Service. One buy-side junk analyst blames the steep drop on forced selling pressure from investment-grade money managers.
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Most Viewed: Securitization
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
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|2||Bank of America Merrill Lynch||95,965.47||280||11.34%|
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