Gloom Reigns, But Loan Investment Virtues Touted

Pessimism was the general tone at the Loan Syndication and Trading Association's annual conference last Thursday, with rising default rates and decreasing recoveries predicted.

  • 24 Oct 2008
Pessimism was the general tone at the Loan Syndication and Trading Association's annual conference last Thursday, with rising default rates and decreasing recoveries predicted. Still, bankers and traders touted the value of senior secured leveraged loans in the current market. "There is a significant upside to the senior ...

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All International Bonds

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1 Citi 241,977.38 927 8.19%
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3 Bank of America Merrill Lynch 216,160.55 723 7.32%
4 Barclays 185,098.93 672 6.27%
5 Goldman Sachs 158,991.47 518 5.38%

Bookrunners of All Syndicated Loans EMEA

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1 JPMorgan 32,522.19 61 6.54%
2 BNP Paribas 32,284.10 130 6.49%
3 UniCredit 26,992.47 123 5.43%
4 SG Corporate & Investment Banking 26,569.73 97 5.34%
5 Credit Agricole CIB 23,807.36 111 4.79%

Bookrunners of all EMEA ECM Issuance

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1 Goldman Sachs 10,167.68 46 8.81%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%