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 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%