Tower Debt Falls Off

  • 27 Jan 2002
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Tower companies, such as American Tower, SpectraSite Holdings, and Crown Castle Communications traded off two to four points this week following news of weak cell phone subscriber growth, dealers said. Traders quoted American Tower at 90-92, SpectraSite in the mid-80s, and Crown Castle at 98 1/2, and said a combined $10-20 million had been trading on all of the names by last Thursday.

Nextel Communications, started the week in the 89-90 range, ticked down to the 87 1/2-89 1/2 range, and then recovered to 89 1/2-89 3/4 be the end of last week following the same subscriber fee issues, said dealers. Calls to officials at the companies were not returned by press time.

  • 27 Jan 2002

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 %
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1 Citi 120,318.45 348 12.81%
2 Bank of America Merrill Lynch 99,988.41 288 10.64%
3 Wells Fargo Securities 88,516.28 265 9.42%
4 JPMorgan 69,240.12 209 7.37%
5 Credit Suisse 51,378.45 156 5.47%