New York, Feb. 3 - Bank of New York Mellon Trust Co., NA was the top trustee for convertible bonds in January, according to data compiled by Prospect News.
In a subdued month for new deals, BNY was the trustee for PHH Corp.'s $250 million offering of convertible senior notes.
Wells Fargo placed second as trustee for Amarin Corp. plc's $150 million of exchangeable senior notes issued through Corsicanto Ltd.
The two deals accounted for the entire month's new issuance.
U.S. market, year to date
| Trustee | Amount | No. | Share |
|
| 1 | BNY | 0.250 | 1 | 62.50% |
|
| 2 | Wells Fargo | 0.150 | 1 | 37.50% |
|
| Total | 0.400 | 2 |
|
|
|
|
|
|
|
| Prospect News Convertibles Trustee Rankings
|
|
|
Criteria
• The tables include all underwritten dollar-denominated offerings sold in the United States as public or Rule 144A deals reported to Prospect News.
• Offerings are included in the time period in which they price.
• Amounts are based on the total sales price (face amount multiplied by the offering price). The full amount is credited to the trustee.
• Each tranche is counted as a separate deal.
• Bonds are included that convert into the issuer's or another company's stock or the cash equivalent; bonds that convert into other bonds are excluded.
• Structured products are excluded.
• Preferred issues are included using the same criteria as for bonds.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
