Distressed Debt Exchanges Seen On The Rise

Some companies are turning to distressed exchanges, where they offer bond holders a different security package to try to avoid default, as an alternative to filing for Chapter 11.

  • 03 Jul 2008
Some companies are turning to distressed exchanges, where they offer bond holders a different security package to try to avoid default, as an alternative to filing for Chapter 11. There have been 35 defaults this year and eight distressed exchanges. That's in line with historical rates, but the ...

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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 %
  • Last updated
  • Today
1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%