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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%