Silgan's Debt Trades In Volume

  • 30 Jun 2002
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More than $50 million of Silgan Holdings traded around the 100 1/2 level last week. Traders said the food packaging company is a well-known credit that investors are comfortable with. When a shockwave like WorldCom goes through the market, investors retreat to names they are comfortable with--names with no news, one dealer explained, adding that credits like this just bounce along and remain untouched. At the end of last week, the paper was quoted in the 100 1/4 to 100 3/4 range.

Silgan Holdings did very well in syndication, despite pricing of LIBOR plus 2% on its $350 million "B" term loan. Institutional investors reportedly had committed more than $1 billion to the "B" piece before the bank meeting was held (LMW, 5/6). Calls to Anthony Allott, cfo, were not returned by press time.

  • 30 Jun 2002

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%