Charter Communications' debt softened to 99 3/8 in a $2.5 million trade last week. Dealers say rumors of more cable paper pushed levels down. It could not be determined which firm traded the piece. Dealers believe another cable deal is in the pipeline, although specifics could not be determined. "It's either Charter's doing a new deal or another cable company," a trader speculated, regarding the expectation that an increase in cable paper may be on the horizon. Charter, a cable systems operator with more than six million subscribers, is based in St. Louis, Mo. Another dealer noted that Comcast's move to buy AT&T may also flood the market with additional cable paper.
Promoted By CGIF
Promoted By Euromoney Country Risk
Read the magazine on your mobile device
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Most Viewed: Securitization
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||6,665||23||12.97|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||91,648.43||266||12.13%|
|3||Wells Fargo Securities||72,661.39||222||9.61%|