NRG Seller Comes To Market

A $30 million piece of NRG Energy bank debt was slated to be auctioned in the low to mid 50s last week following the company's announcement that its creditors voted "overwhelmingly in favor" of a proposed plan of reorganization.

  • 23 Nov 2003
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A $30 million piece of NRG Energy bank debt was slated to be auctioned in the low to mid 50s last week following the company's announcement that its creditors voted "overwhelmingly in favor" of a proposed plan of reorganization. Whether or not that auction was ever completed could not be determined. One dealer said about half the amount of the proposed auction changed hands, but that information could not be confirmed. Late in the week, the name was quoted in the 53-55 range, holding steady in front of a hearing for the judge to confirm NRG's plan of reorganization. Assuming that the judge certifies the creditor votes and confirms the plan of reorganization, the company is targeting the first week in December for emergence from bankruptcy, noted an NRG spokesman.

  • 23 Nov 2003

GlobalCapital European securitization league table

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
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 118,624.20 342 12.90%
2 Bank of America Merrill Lynch 99,769.11 286 10.85%
3 Wells Fargo Securities 87,449.35 261 9.51%
4 JPMorgan 67,955.87 206 7.39%
5 Credit Suisse 50,788.13 152 5.52%