Asbestos Names Ride Up

  • 21 Sep 2003
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The bank debt for Owens Corning and Federal-Mogul Corp. inched about two to three points higher last week on the rumor that there is a proposal in the works that will resolve the disputed aspects of the Senate's asbestos liability legislation. Dealers said Owens Corning bank debt was trading in the 62-64 range and Federal-Mogul was actively changing hands in the 76-77 context last week. "It's rampant speculation at this point," said one trader, regarding buzz around the proposal. Calls to Owens Corning and Federal-Mogul spokesmen were not returned by press time.

 

  • 21 Sep 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 %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%