Loose Change

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Loose Change

Where have all the deals gone? Investors are beginning to wonder what has happened to all the disappearing debt.

Where have all the deals gone? Investors are beginning to wonder what has happened to all the disappearing debt. A Bank of America and Lehman Brothers financing for InfoNXX, a telephone directory service, launched last Tuesday and was pulled a day later. The same fate a few weeks ago befell IWCO, a Bear Stearns-led deal that also got pulled just days after syndication launched. Investors complained they didn't even have enough time to come up with a reason to criticize the credits before they were pulled.

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