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The bank debt for Federal Mogul Corp., WR Grace & Co. and Owens Corning remains strong despite the weak bond market.

  • 01 Apr 2005
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The bank debt for Federal Mogul Corp., WR Grace & Co. and Owens Corning remains strong despite the weak bond market. These are equity plays and case-specific deals, a trader said. "Your upside/downside is not determined by the high-yield bond market," he added. W.R. Grace's pro rata tranche reached the 122-124 context. Fed Mogul's $1 billion revolver and $360 million "A" and $343 million "B" loans traded in the 93-94 context. Owens Corning bank debt traded around 107-109.

  • 01 Apr 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 11.55%
2 JPMorgan 32,938.92 93 9.34%
3 Wells Fargo Securities 30,371.96 86 8.61%
4 Bank of America Merrill Lynch 27,582.56 87 7.82%
5 Credit Suisse 22,692.50 70 6.44%