GMAC Bonds Drop On Faltering Bank Bid

GMAC Financial Services bonds fell five points last Wednesday after the auto financer said its debt exchange offer hasn't raised enough capital to support its bid to become a bank holding company.

  • 11 Dec 2008
GMAC Financial Services bonds fell five points last Wednesday after the auto financer said its debt exchange offer hasn't raised enough capital to support its bid to become a bank holding company. GMAC's benchmark 8% '31 notes fell during the day to 28-30, around the same level they ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%