Nextel Communications Stumbles

  • 17 Jun 2001
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After holding steady in the 95 range, Nextel Communications debt took a point and a quarter dive late last week. Dealers maintain that the credit, which has risen above sector problems, should quickly pull itself back up. Nextel is based in McLean, Va. Calls to company officials were not returned by press time.

"Somebody put a cheap bid on the Street, 93 3/4, and somebody hit it," a trader remarked. "It's down where it shouldn't be, so somebody got lucky and picked it up cheap." He says this has happened with other credits, as deals begin to get pulled down by sector trouble.

  • 17 Jun 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%