Cable Levels Fall With Injured Brother Adelphia

  • 07 Apr 2002
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Adelphia Communications' bank debt fell last week with a couple of $2.5 million pieces trading in the 96 range following new reports that the company's off-balance sheet debt may be larger than previously believed. Early last Wednesday, dealers quoted the name in the 95 1/2 ­ 97 context. The company also announced that the Securities and Exchange Commission is conducting an informal inquiry into the matter. Calls to Jim Brown, company v.p of finance, were referred to a spokeswoman who did not return calls by press time.

Other cable names traded off in Adelphia's wake, dealers said. Insight Communications and Mediacom Communications ticked down to 100 1/4 from 100 3/4 with $2.5 million pieces of both names changing hands in the street. Charter Communications also slumped with a $ 2.5 million piece trading at the 96 1/2 level. Traders said that bids sank as low as 95 1/2 last week, but priced in the market in the 96 1/4 to 96 3/4 context. Officials at the companies could not be reached by press time.

  • 07 Apr 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 18,228.90 62 10.23%
2 JPMorgan 18,161.74 49 10.19%
3 Bank of America Merrill Lynch 16,385.65 54 9.19%
4 Wells Fargo Securities 16,128.82 45 9.05%
5 Barclays 12,632.86 43 7.09%