The insider’s guide to investment banking and capital markets.
Sections
News By Industry
Networking
Reference
- People Database
- Securities in Registration
- Aftermarket Performance
- Investment Banking Database
- League Tables
- Industry Links
Reader Services
Related Sites
Recent Global Debt Deals in FIGs
| Issue Date | Issuer | Principal Amount ($ mil) | Final Maturity | Coupon (%) | Offer Yield to Maturity (%) | Bookrunner(s) | Moody Rating | Stan- dard & Poor's Rating | Fitch Rating |
|---|---|---|---|---|---|---|---|---|---|
| 6/16/2008 | Credit Suisse New York Branch | 100 | 6/18/2009 | Floats | Floats | Credit Suisse | NR | NR | NR |
| 6/16/2008 | Credit Suisse New York Branch | 50 | 6/20/2011 | Floats | Floats | Credit Suisse | NR | NR | NR |
| 6/16/2008 | Danske Bank A/S | 200 | 7/17/2009 | Floats | Floats | Morgan Stanley | Aa1 | AA- | NR |
| 6/13/2008 | Bayerische Landesbank | 143.3 | 7/18/2012 | 3.625 | 3.54 | Zuercher Kantonalbank | Aaa | AAA | AAA |
| 6/13/2008 | Credit Suisse New York Branch | 50 | 6/16/2009 | Floats | Floats | Credit Suisse | NR | NR | NR |
| 6/13/2008 | Credit Suisse New York Branch | 200 | 6/17/2009 | Floats | Floats | Credit Suisse | NR | NR | NR |
| 6/12/2008 | American Express Credit | 525 | 6/19/2013 | Floats | Floats | JP Morgan | Aa3 | A+ | A+ |
| 6/12/2008 | Citigroup Inc | 1728.90 | 6/30/2011 | 2.66 | 2.66 | Nikko Citigroup Ltd | Aa3 | AA- | AA- |
| 6/12/2008 | Dubai Infinity Holdings LLC | 240.4 | 7/14/2011 | 5.25 | 5.008 | BNP Paribas SA | A1 | A+ | AA- |
| 6/12/2008 | Prudential Financial Inc | 600 | 6/15/1968 | Floats | Floats | JP Morgan Morgan Stanley Wachovia Securities Inc | Baa1 | A- | A- |
| 6/12/2008 | Rabobank | 312.5 | Perpet. | Floats | Floats | Credit Suisse UBS Investment Bank | Aa2 | AA | AA |
| 6/12/2008 | Toyota Motor Credit Corp | 125 | 7/10/2009 | Floats | Floats | Barclays Capital | NR | NR | NR |
| 6/12/2008 | Toyota Motor Credit Corp | 250 | 6/25/2010 | 4 | 4 | Deutsche Bank Securities Corp | Aaa | AAA | NR |
| 6/12/2008 | Bank of Ireland PLC | 100 | 6/19/2009 | Floats | Floats | Morgan Stanley & Co | Aa2 | A+ | NR |
| 6/11/2008 | Dexia Kommunalkredit Bank Ag | 772.8 | 4/16/2010 | 4.25 | 5.178 | UniCredit Group | Aaa | AAA | NR |
Announced Global Target M&A Advisers in FIGs
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 53345.3 | 1 | 163167.1 | 1 |
| JP Morgan | 48479.4 | 2 | 30752.2 | 16 |
| UBS | 32345.3 | 3 | 137098.6 | 4 |
| Citi | 30605.2 | 4 | 66642.8 | 13 |
| Merrill Lynch | 30455.6 | 5 | 155810.7 | 3 |
| Credit Suisse | 28716.6 | 6 | 56397 | 14 |
| Lehman Brothers | 22337.2 | 7 | 133972.7 | 6 |
| Rothschild | 20387.6 | 8 | 136189.6 | 5 |
| Morgan Stanley | 18105.8 | 9 | 156588.9 | 2 |
| Sandler O'Neill Partners | 17948.6 | 10 | 14318.9 | 22 |
| Industry Total | 187092 | - | 368257 | - |
Financials
Recent US Syndicated Loans
| Financial Close Date | Borrower | Business Description | Loan Package Amt (US$ Mil) | Bookrunner(s) | Loan Description |
|---|---|---|---|---|---|
| 6/13/2008 | Private Export Funding Corp | Special purpose finance co | 597.5 | JP Morgan | Rev Cred Fac |
| 6/13/2008 | Charles Schwab Corp | Sec brkg firm;pvd finl svcs | 800 | Citi | Rev Cred Fac |
| 6/04/2008 | GMAC Mortgage Corp | Pvd residential mtg svcs | 2501.30 | BankAmerica JP Morgan Citi | Rev Cred Fac |
| 6/02/2008 | Sarnova Inc | Investment holding company | 125 | GECC Capital Markets Group | RevCred/Term Ln |
| 6/02/2008 | Sarnova Inc | Investment holding company | 125 | GECC Capital Markets Group | RevCred/Term Ln |
| 6/02/2008 | Sarnova Inc | Investment holding company | 125 | GECC Capital Markets Group | RevCred/Term Ln |
| 5/30/2008 | Arbitrage Life Insurance Trust | life insurance | 205.5 | BankAmerica | Term Loan A |
| 5/30/2008 | Centerline Mortgage Capital | Pvd RE Financial Services | 150 | BankAmerica | Term Loan |
| 5/30/2008 | MCG Capital Corp | Pvd finl svcs | 70 | SunTrust Banks | 364d Revolver |
| 5/30/2008 | WR XXIII LLC | Investment holding company | 46.1 | JP Morgan | Term Loan |
| 5/29/2008 | Fortress Investment Group LLC | Pvd asset mgmt svcs | 1000.00 | BankAmerica Citi | RevCred/TLA |
| 5/29/2008 | Fortress Investment Group LLC | Pvd asset mgmt svcs | 1000.00 | BankAmerica Citi | RevCred/TLA |
| 5/28/2008 | HighbridgePrincipal Strategies | Pvd fund mgmt,fin advisory svc | 375 | JP Morgan | Rev Cred Fac |
| 5/27/2008 | Merrill Lynch & Co Inc | Pvd invest bkg,advisory svcs | 2700.00 | JP Morgan | Rev Cred Fac |
| 5/27/2008 | Orbis Investment Management | Mutual fund mgmt firm | 1150.00 | Citi | Rev Cred Fac |
US Financials
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| JP Morgan | 95955.2 | 1 | 195026.2 | 1 |
| Citi | 87934.4 | 2 | 169260.6 | 2 |
| Banc of America Securities LLC | 62533.9 | 3 | 115212.1 | 5 |
| Morgan Stanley | 47596.2 | 4 | 116464.6 | 4 |
| Lehman Brothers | 45900.6 | 5 | 135225.4 | 3 |
| Goldman Sachs & Co | 42900 | 6 | 94763 | 7 |
| Merrill Lynch | 39964.6 | 7 | 113801.2 | 6 |
| Wachovia Corp | 26203.4 | 8 | 79899.1 | 9 |
| Deutsche Bank AG | 24640.1 | 9 | 89594.7 | 8 |
| Credit Suisse | 21405.6 | 10 | 72410.3 | 10 |
| Industry Total | 561684.7 | - | 1511995.7 | - |
Recent Global Equity Deals in FIGs
| Issue Date | Issuer | Principal Amt - sum of all Mkts ($ mil) | Offer Price | 06/16/08 Price | Gross Spread as % of Prncpl Amt - in this Mkt | Bookrunner(s) | IPO Flag (Y/N) |
|---|---|---|---|---|---|---|---|
| 6/16/2008 | Crystal Amber Fund Ltd | 116.90 | 1.00 | na | John East & Partners Ltd | Yes | |
| 6/13/2008 | 4Energy Invest SA | 34.00 | 6.25 | 9.732 | 6.2 | KBC Securities Petercam Securities SA | Yes |
| 6/13/2008 | BMV | 348.90 | 16.50 | 2 | UBS Securities Inc BBVA | Yes | |
| 6/13/2008 | BMV | 348.90 | 16.50 | na | UBS Casa de Bolsa SA de CV Bancomer SNC | Yes | |
| 6/12/2008 | Gracechurch Street Capital Ltd | 26.60 | 0.10 | na | Collins Stewart Ltd | Yes | |
| 6/12/2008 | KeyCorp,Cleveland,Ohio | 1000.00 | 11.75 | 11.8 | 3 | Citi | No |
| 6/12/2008 | UBS AG | 15350.60 | 21.00 | 24.574 | na | JP Morgan Morgan Stanley & Co BNP Paribas SA Goldman Sachs & Co UBS Investment Bank | No |
| 6/11/2008 | Fifth Street Finance Corp | 141.20 | 14.12 | 12.4 | 7 | Goldman Sachs & Co UBS Investment Bank Wachovia Securities Inc | Yes |
| 6/10/2008 | ANZ Banking Group Ltd | 664.40 | 21.14 | 18.234 | na | JP Morgan | No |
| 6/09/2008 | Lehman Brothers Holdings Inc | 4004.00 | 28.00 | 27.2 | 3 | Lehman Brothers | No |
| 6/09/2008 | RBS | 24354.60 | 2.30 | 4.613 | na | Merrill Lynch RBS Goldman Sachs & Co | No |
| 6/09/2008 | RBS | 24354.60 | 2.00 | 4.613 | na | Merrill Lynch RBS Goldman Sachs & Co | No |
| 6/05/2008 | Citizens Republic Bancorp Inc | 79.60 | 4.00 | 3.23 | 5 | Morgan Stanley Citi | No |
| 6/05/2008 | PrivateBancorp Inc | 136.00 | 34.00 | 33.01 | 4 | Keefe Bruyette & Woods Inc | No |
| 6/04/2008 | Cattles PLC | 414.70 | 1.72 | 3.448 | na | Citi HSBC Holdings PLC | No |
| 6/03/2008 | Cattles PLC | 414.70 | 1.28 | 3.448 | na | Citi HSBC Holdings PLC | No |
Announced U.S. Target M&A Advisers in FIGs
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 32957.8 | 1 | 41240.5 | 1 |
| Merrill Lynch | 19690.9 | 2 | 13493.4 | 9 |
| Lehman Brothers | 19475.5 | 3 | 25143.4 | 3 |
| JP Morgan | 18146.7 | 4 | 8883.6 | 10 |
| Sandler O'Neill Partners | 17948.6 | 5 | 14318.9 | 8 |
| Citi | 11839 | 6 | 5195.3 | 12 |
| William Blair & Co | 11076.7 | 7 | - | - |
| Morgan Stanley | 8708.9 | 8 | 36631 | 2 |
| Credit Suisse | 7969.2 | 9 | 14584.4 | 7 |
| Banc of America Securities LLC | 5888 | 10 | 21930.8 | 4 |
| Industry Total | 66690.7 | - | 87983.4 | - |
Announced Global FIGs M&A Deals
| Industry | 1/1/2008 - 12/31/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals |
|---|---|---|---|---|
| Banks | 70857.8 | 285 | 204006.5 | 361 |
| Brokerage | 34682.1 | 170 | 43556.3 | 186 |
| Other Financials | 29707.7 | 546 | 42861.8 | 797 |
| Insurance | 28272.2 | 303 | 32231.1 | 341 |
| Asset Management | 11413.1 | 260 | 31801.3 | 357 |
| Credit Institutions | 8521.1 | 95 | 8570.1 | 107 |
| AFINANCE | 3638.2 | 40 | 5194.6 | 48 |
| Diversified Financials | 0 | 6 | 35.4 | 5 |
| Industry Total | 187092 | 1705 | 368257 | 2202 |
Global FIGs Sector Breakdown
| Industry | 1/1/2008 - 6/16/2008 (US$ Mil) | Deals | 1/1/2007 - 6/16/2007 (US$ Mil) | Deals |
|---|---|---|---|---|
| Banks | 642403.3 | 988 | 836954.9 | 1943 |
| Other Financials | 333785.2 | 735 | 1441071.1 | 2800 |
| Brokerage | 107013.9 | 117 | 175796.5 | 296 |
| Credit Institutions | 81813.6 | 225 | 150911.7 | 399 |
| Insurance | 57138.3 | 67 | 76709.1 | 195 |
| Asset Management | 18571.8 | 85 | 40370 | 222 |
| Diversified Financials | 12094.8 | 23 | 12285.7 | 35 |
| AFINANCE | 4002.9 | 33 | 7241.4 | 35 |
| Industry Total | 1256823.8 | 2273 | 2741340.5 | 5925 |
Equity/Equity Related Volume
| Date | Equity | Debt |
|---|---|---|
| June 2007 | 30994 | 574896.3 |
| July 2007 | 37435.2 | 317136.4 |
| August 2007 | 5692.5 | 232798.2 |
| September 2007 | 13608.5 | 252012.3 |
| October 2007 | 20164.1 | 289469.6 |
| November 2007 | 18275.3 | 196929.7 |
| December 2007 | 19471.4 | 123379 |
| January 2008 | 16480.1 | 224559.6 |
| February 2008 | 4409.7 | 146361.2 |
| March 2008 | 24853.1 | 128929.8 |
| April 2008 | 27272.3 | 260988.1 |
| May 2008 | 26960.7 | 280198.9 |
| June 2008 | 14736.2 | 101074.2 |
Recently Announced Global M&A Deals in FIGs
| Date Announced | Target Name | Target Nation | Acquiror Name | Acquiror Nation | Value of Transaction ($mil) |
|---|---|---|---|---|---|
| 6/16/2008 | Cash Systems Inc | United States | Global Cash Access Hldg Inc | United States | 30.241 |
| 6/16/2008 | Culver Insurance Brokers Ltd | United Kingdom | Cullum Capital Ventures Ltd | United Kingdom | 12.275 |
| 6/16/2008 | Electric City Federal Credit | United States | 1st Liberty Federal Credit | United States | |
| 6/16/2008 | HWS Holdings Ltd | United Kingdom | Jardine Lloyd Thompson Grp PLC | United Kingdom | 17.049 |
| 6/16/2008 | PFF Bancorp Inc,CA | United States | FBOP Corp,Oak Park,Illinois | United States | 30.544 |
| 6/13/2008 | Amaravati Cooperative Bank | India | Saraswat Co-operative Bank | India | |
| 6/13/2008 | Chusho Kigyo IT Shien Kiko | Japan | Investor Group | Japan | 0.065 |
| 6/13/2008 | Fidelity Finance Leasing Ltd | Hong Kong | Investor Group | Hong Kong | |
| 6/13/2008 | HH Properties Pte Ltd | Singapore | SuperBowl Holdings Ltd | Singapore | |
| 6/13/2008 | IAT Air Cargo Facilities | Canada | FrontFour Holdings Inc | Canada | 20.12 |
| 6/13/2008 | Integra Bank Corp-Munich Div | Germany | GLS Gemeinschaftsbank eG | Germany | |
| 6/13/2008 | MacarthurCook Ltd | Australia | IOOF Holdings Ltd | Australia | 3.744 |
| 6/13/2008 | Orient Securities Co Ltd | Japan | Yutaka Shoji Co Ltd | Japan | 5.104 |
| 6/13/2008 | Sirushi Cooperative Bank | India | Saraswat Co-operative Bank | India | |
| 6/13/2008 | South Indian Co-operative Bank | India | Saraswat Co-operative Bank | India | |
Global FIGs
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| JP Morgan | 128058 | 1 | 244658.1 | 1 |
| Citi | 115479 | 2 | 242254.9 | 2 |
| Deutsche Bank AG | 95755.3 | 3 | 193588 | 3 |
| Goldman Sachs & Co | 67162.8 | 4 | 132190.8 | 10 |
| Banc of America Securities LLC | 66821.3 | 5 | 136533.9 | 9 |
| Morgan Stanley | 66228.4 | 6 | 162755.4 | 7 |
| Barclays Capital | 64067.3 | 7 | 151975.8 | 8 |
| Merrill Lynch | 60474.8 | 8 | 177617.8 | 4 |
| Lehman Brothers | 58874.9 | 9 | 167336.5 | 5 |
| RBS | 53331.7 | 10 | 166599.7 | 6 |
| Industry Total | 1256823.8 | - | 2741340.5 | - |
|
©2008 Investment Dealers' Digest and SourceMedia, Inc. All rights reserved. |
|