Telecom Names Trade Up, Owens Corning Slips

  • 27 Jun 2001
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Dealers are watching asbestos credits this week after USG Corporation filed for Chapter 11 bankruptcy. A total of $20 million of Owens Corning's debt has traded at 62-63, which is down slightly from the mid-60s. A $4 million piece of American Home Patient's debt inched up to 81. Finova Group's debt is trading at 91, which is down a point from a trade earlier this month.

In par news, a $10 million piece of Nextel Communications' bank debt traded at 91-92, which is up slightly from reports last week of trades in the 89 range. Global Crossing's levels have inched up to 94.50 from the 90 range.

  • 27 Jun 2001

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 %
  • Last updated
  • Today
1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%