Greif Brothers Offers Hope In Pro Rata Market

  • 18 Mar 2001
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The pro rata piece of Merrill Lynch's $900 million credit backing industrial packager Grief Brother's acquisition of Huhtamaki Van Leer traded up after the deal closed recently, providing a glimmer of hope for credits in what has been a brutal pro rata market. "The pro rata traded inside the fees," said a participant banker, noting that the deal carried commitment fees of 5/8% and 1/2% on commitments of $25 million and $15 million, respectively. The credit's $400 million term "B" blew out quickly after the February launch as 60 accounts clamored to get a piece of the BB/Ba3 credit, which traded around 1001/2 after close.

  • 18 Mar 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.65
2 BNP Paribas 3,026 10 9.61
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.66
4 Lloyds Bank 2,213 9 7.03
5 Credit Agricole 2,025 6 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 37,494.89 105 12.02%
2 Bank of America Merrill Lynch 30,932.47 87 9.92%
3 Wells Fargo Securities 26,900.77 74 8.62%
4 JPMorgan 23,547.25 70 7.55%
5 Credit Suisse 19,951.44 47 6.40%