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Punch averts cash trap with debt buyback

  • 03 Oct 2008

Punch Taverns is to buy back part of its pub securitisation to avert a breach of its restricted payments trigger.

Punch sent out a notice this week to holders of the £125m ‘A3(N)’ floating rate notes of Punch Taverns Finance (Punch A), saying that it would pay 95% of ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 57,366.84 164 11.60%
2 Bank of America Merrill Lynch 52,729.86 138 10.66%
3 JPMorgan 39,180.32 110 7.92%
4 Wells Fargo Securities 38,199.10 112 7.73%
5 Credit Suisse 30,637.75 72 6.20%