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 Citi 3,779 12 18.72
2 Morgan Stanley 2,420 6 11.99
3 Goldman Sachs 2,096 5 10.39
4 BNP Paribas 2,058 7 10.20
5 Barclays 1,565 4 7.75

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 50,836.16 165 10.60%
2 JPMorgan 43,849.74 130 9.15%
3 Wells Fargo Securities 37,970.87 112 7.92%
4 Bank of America Merrill Lynch 36,089.91 118 7.53%
5 Credit Suisse 31,628.23 101 6.60%