TITLE

Citi Leading Junk; Whither CSFB?

AUTHOR(S)
Burns, Mairin
PUB. DATE
June 2003
SOURCE
Investment Dealers' Digest;6/16/2003, Vol. 69 Issue 24, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The high-yield bond frenzy that enabled Citigroup to overthrow Credit Suisse First Boston off the top of the U.S. high-yield bond league table since the end of the first quarter has helped the domestic behemoth supplement a lead in recent weeks. As of June 9, 2003, Citigroup had a 20% market share, having underwritten just over $10 billion worth of high-yield debt since the beginning of the year. Meanwhile, Deutsche Bank, which has jockeyed for position with Citi for a while now, has brought nearly $6 billion of bonds to market so far this year, for an 11% market share, down from 15% during the first quarter. Citigroup co-led a $1.2 billion offering for energy producer El Paso Corp. alongside CSFB and a pair of deals totaling $1.62 billion for AES Corp. with UBS Warburg last month.
ACCESSION #
10170969

 

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