Distressed Debt Could Be A Return Winner

Investments in distressed debt could return up to 20% this year, according to James Dondero, one of the founders of Highland Capital Management.

  • 29 Apr 2010
Investments in distressed debt could return up to 20% this year, according to James Dondero, one of the founders of Highland Capital Management. Dondero said in an interview that “low economic growth is the sweet spot for leveraged loans,” adding that “growth is sufficient to keep default risk ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 16.63
2 BNP Paribas 2,866 11 10.96
3 Morgan Stanley 2,420 6 9.26
4 Goldman Sachs 2,276 6 8.71
5 Bank of America Merrill Lynch (BAML) 2,086 9 7.98

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 57,943.50 190 10.82%
2 JPMorgan 50,096.03 149 9.35%
3 Bank of America Merrill Lynch 40,321.46 131 7.53%
4 Wells Fargo Securities 39,996.15 117 7.47%
5 Credit Suisse 37,249.85 118 6.95%