Weekly Trade Round Up

Harrah’s Entertainment has drawn down the remaining $740 million of its $2 billion revolver, prompting speculation a bankruptcy filing isn’t far off; Automaker debt was relatively unchanged early Wednesday morning after General Motors Corp. and Chrysler Automotive pleas for more federal money Tuesday evening when they unveiled their reorganization plans; and Consulting company BearingPoint has filed for Chapter 11 bankruptcy protection after reaching a restructuring agreement with senior secured lenders.

  • 18 Feb 2009

Harrah’s Drawdown Prompts Filing Chatter

Harrah’s Entertainment hasdrawn down the remaining $740 million of its $2 billion revolver, prompting speculation a bankruptcy filing isn’t far off. The casino operator’s term loan traded as low as 54 1/2-55 1/2 on the news before rebounding to 55-56 Tuesday evening, only ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%