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
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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 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%