Market dials in for cellphone bonds

Verizon Communications priced its second ABS deal of the year this week, attracting strong investor demand.

  • By Sasha Padbidri
  • 15 Jun 2017
Leads Bank of America Merrill Lynch,MUFG and JP Morgan priced the $1.3bn no-grow transaction on June 13, with the $1.1bn of ‘A’ notes being sold at 32bp over interpolated swaps and the $100m ‘B’ notes priced at 55bp over. The $101m ‘C’ notes were priced at 70bp over ...

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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) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%