Telecom Names Spark The Market

  • 03 Mar 2002
Email a colleague
Request a PDF

Nextel Communications and Global Crossing found popularity with would-be buyers last week with $40-50 million of each name trading. A $2.5 million piece of Nextel's term loans "B" and "C" traded at 84 3/4 in the street following higher bond prices by week's end. The paper, which had been auctioned off as low as 80 two weeks ago, hit the 83 3/4 level by midweek. On Thursday, $2.5 million of the name's "D" term loan traded at 83 3/8. Officials at the company could not be reached by press time.

Global Crossing's bank debt also changed hands in the 20 1/2 to 22 1/2 range, although some traders priced the market as low as 18 1/2 to 20 1/2. Dealers said technical factors drove the market, specifically distressed and vulture funds looking to buy the paper. Specific buyers and sellers could not be determined. A spokeswoman from Global Crossing declined to comment on the trades.

  • 03 Mar 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%