Corporate Supply & Flows (JANUARY 9)

  • 12 Jan 2003
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WEEKLY UPDATE

The expected heavy January issuance got off to a solid start last week following zero volume in the last week of December. There was $18 billion of investment-grade issuance, including $6 billion of supra/sovereign debt, making a full-month total in excess of $50 billion easily achievable. The high-yield market has yet to kick start the issuance process for the new year with no corporate deals being launched as yet. At this point the robust calendar is being taken down with ease but we expect that at this pace, spreads will be struggling by month end.

Analysis by CreditSights, Inc., an independent online credit research platform. Call (212) 340-3888 or visit www.CreditSights.com for more information. 

  • 12 Jan 2003

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%