A 25 basis point cut and a restriction on future repricings on the $2 billion "B" loan is the newest offer from General Growth Properties and its leads Bank of America, Lehman Brothers, Credit Suisse First Boston and Wachovia Securities. A 100% vote would be needed to get around the restriction. This offer was substituted for the 101 call protection many investors had been calling for. The note went out Thursday.
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Promoted By Commerzbank
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||7,026||25||11.95|
Bookrunners of Global Structured Finance
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|3||Bank of America Merrill Lynch||1,369.03||6||6.87%|
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