Fidelity National Bounces On Paydown Rumor

A potential paydown on Fidelity National Information Services' bank debt enabled levels to recover from midweek lows.

  • 22 Apr 2005
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A potential paydown on Fidelity National Information Services' bank debt enabled levels to recover from midweek lows. Last Wednesday, the $800 million "A" loan traded at 98 1/2-98 3/4, while the company's $2 billion "B" loan went off at 98 5/8-99. The "B" recovered to par when rumors of a potential 7% paydown ratable between the "A" and "B" emerged. Still, the name is off its 101 1/8 high. The credit is priced at LIBOR plus 1 3/4% and is led by Bank of America. Pat Farenga, Fidelity's treasurer, did not return calls.

  • 22 Apr 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 128,786.28 373 11.27%
2 Bank of America Merrill Lynch 100,918.70 292 8.83%
3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%