U.S. REIT Unwinds Swaps

  • 08 Sep 2003
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Duke Realty, an Indianapolis-based Real Estate Investment Trust (REIT), has unwound two interest-rate swaps, totaling USD150 million, 30 days prior to their maturity. Gene Zink, cfo in Indianapolis, said the six-month trades were entered into at the beginning of the year as an interest rate hedge in anticipation of issuing a bond in the summer. The REIT then decided against the debt offering.

The swaps entailed two fixed-to-floating rate exchanges, said Zink declining to specify the exact rates the REIT paid and received. Banc of America Securities and JPMorgan were the swap counterparties.

  • 08 Sep 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 103,566.27 417 8.26%
2 Citi 97,853.47 366 7.80%
3 Bank of America Merrill Lynch 83,395.10 317 6.65%
4 Barclays 83,385.96 297 6.65%
5 HSBC 66,419.68 329 5.30%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 9,641.73 19 8.93%
2 Deutsche Bank 6,437.48 16 5.96%
3 Citi 6,198.13 15 5.74%
4 BNP Paribas 6,032.35 28 5.59%
5 Commerzbank Group 5,686.13 23 5.26%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,328.59 11 11.00%
2 Morgan Stanley 2,132.71 13 10.07%
3 Bank of America Merrill Lynch 1,598.67 7 7.55%
4 JPMorgan 1,544.99 8 7.30%
5 UBS 1,229.93 7 5.81%