Power Deal Suggests High-Yield Resurgence

A $750 million financing backing Industry Funds Management's $1.477 billion acquisition of a 1.7 GW portfolio from Consolidated Edison Development may be a sign the high-yield market is expected to return, some bankers say.

  • 25 Apr 2008
A $750 million financing backing Industry Funds Management's $1.477 billion acquisition of a 1.7 GW portfolio from Consolidated Edison Development may be a sign the high-yield market is expected to return, some bankers say. "It's similar to subordinate tranches that were popular until the sub-prime crisis," says one. ...

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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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4 Bank of America Merrill Lynch 50,413.91 166 7.62%
5 Credit Suisse 46,981.53 148 7.10%