D.C. Homebuilder Readies First Junk

Stanley Martin Communities, a Washington, D.C., privately held homebuilder, is shopping a $125 million junk bond (B+/B1).

  • 29 Jul 2005
Email a colleague
Request a PDF

Stanley Martin Communities, a Washington, D.C., privately held homebuilder, is shopping a $125 million junk bond (B+/B1). Wachovia Securities is leading the deal, one of only a handful of upcoming issues from the private building sector. Crossing the line into the public markets is a milestone for private companies because it requires them to open up books for public scrutiny, said Joseph Snider, an analyst at Moody's Investors Service. Calls to the company's executives were not returned by press time.

  • 29 Jul 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,228.90 62 10.23%
2 JPMorgan 18,161.74 49 10.19%
3 Bank of America Merrill Lynch 16,385.65 54 9.19%
4 Wells Fargo Securities 16,128.82 45 9.05%
5 Barclays 12,632.86 43 7.09%