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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 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%