Distressed Debt Exchanges Surge

The number of distressed debt exchanges has surged and is expected to account for a sizeable portion of defaults over the next 12 months.

  • 27 Jul 2009

--Leela Parker

The number of distressed debt exchanges has surged and is expected to account for a sizeable portion of defaults over the next 12 months. In distressed exchanges, companies buy back debt from their lenders at distressed prices. The company may retire existing bonds, pay down term debt ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 1,505.59 4 13.16%
2 SG Corporate & Investment Banking 1,292.64 1 11.30%
2 Rabobank 1,292.64 1 11.30%
4 Wells Fargo Securities 942.61 3 8.24%
5 Mizuho 875.48 2 7.65%