Deals Relaunch Using Web, Conference Tools

  • 23 Sep 2001
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BANK ONE and Union Bank of California launched deals for Coraopolis, Pa.-based DQE Capital and its unregulated subsidiary Duquesne Light last week. According to bankers familiar with the situation, the bank meeting was done via a conference call and IntraLinks, a secure online environment for project and document management used for large leveraged capital markets transactions. The deals were originally set to launch last Thursday at the Millennium Hotel in downtown New York. IntraLinks is a secure meeting room on the Web, where project and relationship management teams schedule, conduct and manage business interactions online.

The DQE loan is a $245 million, 364-day credit that is priced at LIBOR plus 11/ 8%. There is a 17.5 basis points fee on the unused line. Pricing on the $150 million deal for Duquesne is LIBOR plus 1% with a 15 basis points undrawn fee. Union Bank is the administrative agent on DQE and BANK ONE is administrative agent on the Duquesne loan. Pricing has not changed since the postponement of the old deal. Calls to Frosina Cordisco, v.p. and treasurer of DQE were not returned.

  • 23 Sep 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%