Tower Debt Falls Off

  • 27 Jan 2002
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Tower companies, such as American Tower, SpectraSite Holdings, and Crown Castle Communications traded off two to four points this week following news of weak cell phone subscriber growth, dealers said. Traders quoted American Tower at 90-92, SpectraSite in the mid-80s, and Crown Castle at 98 1/2, and said a combined $10-20 million had been trading on all of the names by last Thursday.

Nextel Communications, started the week in the 89-90 range, ticked down to the 87 1/2-89 1/2 range, and then recovered to 89 1/2-89 3/4 be the end of last week following the same subscriber fee issues, said dealers. Calls to officials at the companies were not returned by press time.

  • 27 Jan 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) 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 %
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  • Today
1 Citi 82,406.77 239 12.85%
2 Bank of America Merrill Lynch 71,317.58 219 11.12%
3 Wells Fargo Securities 62,984.09 198 9.82%
4 JPMorgan 45,920.23 145 7.16%
5 Credit Suisse 37,235.50 114 5.81%