Wyndham Trades Up

  • 14 Apr 2002
Email a colleague
Request a PDF

Dealers said that roughly $25 million of Wyndham International's bank debt has been trading in the 95-96 range up from the 93 3/4 and 94 1/2 range a couple of weeks ago on the back of Starwood Hotels & Resorts Worldwide's proposed $1 billion bond deal. Market players explained that the name reacted positively to an indication for growing health in the lodging sector.

One trader also noted the credit's generous coupon of 43/ 4% over LIBOR and speculated that the company might cash in on good industry news and refinance the deal. He also revived rumors that the company might be acquired by London-based Bass Hotels, which were squashed when the hotel industry was hurt post-September 11. In January, the name got a boost in anticipation of amendments that were finalized. The "B" paper traded up to the 87 range, while the increasing-rate loan traded in the 85 range (LMW, 1/14).

  • 14 Apr 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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%