12/20/2002 | CV | Lehman expects more convertible exchanges from broad group of issuers
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12/19/2002 | BKCVHY | Banc of America analysts see 2002 as nadir for U.S. credit quality
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12/18/2002 | HY | Lazard Asset Management hires four for U.S. high yield
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12/17/2002 | CVHY | Morgan Joseph hires 13 to expand into high yield, convertibles
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12/13/2002 | CV | S&P opposes change in credit default swap definition
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12/12/2002 | BKCVHY | Rise in out-of-bankruptcy restructurings prompts Fitch to issue new default report
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12/12/2002 | BKCV | Fitch to conduct credit derivatives survey to bring more transparency to the market
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12/11/2002 | BKCVHY | Power sector beset by debt, other woes, Jefferies conference says
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12/11/2002 | HY | Wachovia adds Fitzpatrick to high yield sales team
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12/11/2002 | HY | Wells Fargo launches high yield fund
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12/9/2002 | CV | Merrill analyst says continue to sell into any market strength
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12/6/2002 | HY | Bear Stearns downgrades high yield wireless, towers
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12/5/2002 | CV | Spread compression helped boost convertible returns: Salomon
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12/4/2002 | BK | CLO managers must avoid tail risk for better performance, says CSFB researcher
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12/4/2002 | BK | Defaulted debt trades low compared to recovery value, says S&P managing director
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12/4/2002 | BK | Huge institutional interest needed to syndicate loans in current market, B of A director says
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12/4/2002 | CV | Salomon expects 2003 issuance to rise by around one-third to $70-$80 billion
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12/3/2002 | CV | Deutsche advises exiting rich convertibles in anticipation of market cheapening
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12/3/2002 | HY | Ex-CIBC junk research chief Mally joining Murray Capital Management
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12/2/2002 | CV | Corning mandatory conversions bring down convert market by 11 bps
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12/2/2002 | CV | Merrill Lynch sees hope for new issuance in remainder of 2002
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11/26/2002 | CVHY | Miller Tabak hires four, expands trading floor
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11/22/2002 | CV | Salomon analyst: convertible market should withstand war effect favorably
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11/21/2002 | HY | Junk bonds tighten 156 basis points since start of equity rebound, Merrill says
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11/20/2002 | BKCVHY | Bond Market Association calls for more transparency, more competition in rating agencies
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11/20/2002 | CV | Wachovia analysts advise boosting exposure to semiconductor equipment names
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11/14/2002 | CV | Deutsche: convertible market breathes sigh of relief on accounting rules
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11/12/2002 | BK | Demand for bank loans continues to dip, says October Loan Survey
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11/12/2002 | CV | Merrill identifies convertibles for different investment strategies
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11/8/2002 | CV | Salomon now more confident that 2002 issuance will hit or beat $50 billion-plus
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11/7/2002 | CV | Deutsche: convertible market gets breather on new accounting rules
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11/7/2002 | CV | Merrill: rate cut has negative undertones for corporate profit climate
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11/5/2002 | CV | Banc of America credit strategists suggest overweight media, telecom
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11/5/2002 | HY | Fridson departs Merrill Lynch
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11/4/2002 | BKHY | It's Election Day - gaming industry bets on continued expansion
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11/4/2002 | CV | Strong after-market performance should encourage issuers, Merrill says
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11/4/2002 | HY | CIBC high yield research chief Mally out, replaced by Cornet
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10/30/2002 | CV | Short-dated puts are here to stay in convertibles market, Merrill says
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10/30/2002 | CV | Salomon sees hedge funds continuing to play major role in convertibles
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10/25/2002 | CV | Agnico-Eagle 2002's top performing new convertible, Adelphia worst, Banc One says
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10/23/2002 | BK | Three leave Merrill's loan group
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10/23/2002 | CV | Lehman sees new accounting rules as deterrent to convertible issuers initially
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10/21/2002 | BK | S&P and LoanX launch Standard & Poor's Loan Evaluations Service
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10/18/2002 | BKCVHY | Fitch sees homebuilding healthy in 2003 but concerned about lending
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10/17/2002 | CV | Lehman analysts find convertibles with high risk of puts growing
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10/17/2002 | CV | New Piper Jaffray convertible team sees opportunity as a regional player
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10/17/2002 | HY | CIBC's Mally: junk market rebound will depend on the Three E's
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10/17/2002 | HY | CIBC's Mally sees QwestDex deal as tonic primary needs
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10/16/2002 | CV | Goldman, Morgan Stanley, Deutsche top list of convertible research teams
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10/16/2002 | CV | Piper Jaffray expands with addition of Robertson Stephens convertible team
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10/8/2002 | BK | Quality of loans continues to decline in 2002, regulators' annual credit review says
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10/7/2002 | BK | LoanX, Financial Computer Software launch automated pricing for loan portfolios
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10/4/2002 | CV | Salomon now expects 2002 issuance likely falling short of $50 billion mark
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10/3/2002 | CV | Bear Stearns finds values among out-of the-money semiconductor converts
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9/24/2002 | CV | Lehman makes picks, pans in energy and power
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9/24/2002 | CV | Merrill debuts weekly convertibles screening using credit default swaps, bond spreads
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9/23/2002 | BKCVHY | Bond Market Association backs applying new analyst rules to fixed income research
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9/20/2002 | CV | Bear Stearns analysts identify convertibles for arbs looking to buy cheap volatility
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9/17/2002 | BK | LSTA revises loan trading confirmation forms showing oral trades as binding
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9/17/2002 | BK | LSTA appoints Sherman as special counsel to speed up distressed settlement
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9/9/2002 | CV | Bear Stearns finds high yield converts in out-of-favor software, tech sectors
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9/9/2002 | HY | July-August new high-yield issuance second lowest in over half a decade
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9/6/2002 | CV | Merrill advises convertible investors to remain defensive, focus on higher quality
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9/6/2002 | CV | Wachovia hires Jones to head convertibles research
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9/5/2002 | CV | Salomon analyst: Issuance should pick up for 2002 total of $50-$60 billion
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9/4/2002 | BKHY | Lehman hires Shapiro to co-head restructuring group
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9/3/2002 | HY | Merrill Lynch says "market-timers" are likely source of record inflow to junk
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8/30/2002 | CV | Merrill Lynch identifies converts with attractive risk/reward profile
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8/22/2002 | BK | Loan market's calm shows uncertainty caused equity's panic, B of A analysts say
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8/22/2002 | HY | Long view casts truer light on high yield, says Mason Street's Tim Collins
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8/13/2002 | BKCVHY | Record US assets in bankruptcy, says BankruptcyData.com
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8/13/2002 | CV | Wachovia analysts find value among chips today, but expect more bad news
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8/12/2002 | HY | First-half mutual fund inflows still eclipse recent string of nine outflows, Deutsche says
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8/8/2002 | CV | Salomon halts shift to equity-sensitive issues in recommended convertibles portfolio
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8/5/2002 | HY | Downturn limits growth firms' capital markets access, says WestLB portfolio manager
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8/5/2002 | BKHY | Banc of America hires Karp as head of financial sponsors
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8/1/2002 | CV | Merrill's Debrah suggests quality, conservatism and diversification
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7/31/2002 | BK | Bank of America moves to protect investors in trading restriction votes
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7/30/2002 | CV | Bear Stearns' Aisola sees premium in research
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7/30/2002 | HY | Equitrust fund focuses on yield, not ratings to outperform junk market in Q2
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7/29/2002 | BKHY | Chanin Capital opens London office
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7/25/2002 | CV | Salomon derivatives group suggests buying S&P volatility
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7/24/2002 | CV | Bear Stearns economist sees stock drop moderating growth for next five years
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7/24/2002 | CV | Salomon: Convertibles would benefit more in slow rebound
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7/24/2002 | HY | BMO hires Goldman executive Leasure as debt group managing director
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7/22/2002 | BK | Wachovia names Bouhuys head of new Credit Capital Markets group
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7/19/2002 | CVHY | Jefferies hires Minella as director of capital markets origination
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7/18/2002 | BK | TD Bank to take C$600 million telecom provision; TD Securities to reduce corporate lending
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7/17/2002 | BK | Banc of America Securities launches online syndicated par loan trading confirmation system
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7/17/2002 | BKHY | Goldman hires Archer as chief underwriting officer
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7/16/2002 | BK | RBC Capital Markets names Roman head of leveraged loan syndications
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7/15/2002 | CV | Bear Stearns names Aisola head of convertible research
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7/11/2002 | CVHY | Loomis Sayles high-yield funds run 15%-20% converts as "bond substitutes"
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7/5/2002 | CV | Lehman finds new issues cheapened in June
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7/3/2002 | CV | Merrill: Mandatories erase benefits of "new issue effect"
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7/2/2002 | HY | Bear mentality lumps liquid telecoms with losers, says Mason Street's Collins
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7/2/2002 | CV | Salomon analysts cut 2002 new issues outlook by 25%
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7/1/2002 | CV | Slow-going pace of issuance expected throughout summer
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7/1/2002 | HY | UBS Warburg's Bourkoff adds cable, satellite stocks to high yield cable, telecom role
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6/28/2002 | CV | Salomon presents safer names amid volatility storm
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6/27/2002 | CV | Calamos launches $600 million closed-end convertible fund
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6/26/2002 | CV | S&P bearish on convertible issuance for remainder of 2002
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6/20/2002 | HY | SG hires four for high yield group
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6/19/2002 | CV | Russell rebalancing provides trading opportunities: Bear Stearns
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6/18/2002 | HY | Miller Tabak hires three salespeople, trader, analyst
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6/12/2002 | HY | RBC hires Daifotis to head high yield origination, capital markets
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6/11/2002 | BKHY | Deutsche Bank hires Chalhoub away from Merrill Lynch
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6/10/2002 | CV | Banc of America combines equity, equity-linked capital markets under Ganshaw
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6/6/2002 | CV | Wachovia names Schar to head convertibles origination
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6/3/2002 | BK | S&P and LoanX launch Standard & Poor's Loan Evaluations Service
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6/3/2002 | CV | Convertible market expects more mandatory issues as companies shore up balance sheets
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5/30/2002 | HY | Loomis Sayles high-yield accounts holding 20%-25% triple-B
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5/22/2002 | HY | Banc of America high yield strategy team looks for 11.2% return for 2002
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5/17/2002 | HY | Banc One adds Anderson and Benson to high yield research
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5/10/2002 | BK | Demand for bank loans continues to fall, says Fed survey
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5/7/2002 | CV | Merrill Lynch notes convertibles richening in April
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5/7/2002 | HY | Pioneer launches $344 million high-yield closed-end fund
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5/6/2002 | BK | Cerberus' new middle-market lender Dymas to be managed by Leonard, Marek, Ricchio
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5/6/2002 | BK | LSTA and S&P launch pilot program to give loans CUSIPs
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5/2/2002 | CV | Convertibles drop in April but still beat equities, Salomon says
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4/26/2002 | BKHY | UBS Warburg hires Teevan as European head of distressed debt
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4/24/2002 | BKHY | Deutsche hires Hopkins as senior leveraged finance originator
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4/22/2002 | HY | Neuberger Berman hires Plewniak, Coules from Lipper
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4/19/2002 | BK | PNC's nonperforming assets and allowance for credit losses increases in first quarter
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4/19/2002 | HY | Maxcor contrarians zero in on "orphaned component" of the market
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4/18/2002 | BK | Wachovia's non-performing assets increase, net loan losses decrease in first quarter
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4/18/2002 | HY | Maxcor creates leveraged finance group
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4/17/2002 | BK | Bank of New York reduces corporate loan commitments in first quarter
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4/16/2002 | CV | Salomon analyst suggests short-term convertibles
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4/15/2002 | CV | Convertible arbitrage hedge funds holding steady in tough market
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4/15/2002 | CVHY | MTR Securities hires eight more for sales, trading and research
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4/12/2002 | CV | Salomon bullish on EU corporate credits, says act now
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4/11/2002 | CV | Tough market conditions create lull in convertibles
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4/9/2002 | CVHY | Moody's promotes Rowan to co-head of corporate finance
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4/8/2002 | HY | Stanfield hires Paine to head distressed/special situations
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4/5/2002 | CV | Merrill hires Debrah from Bear to head U.S. convertible research, forms new global research team
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4/5/2002 | CV | Salomon: Shrinking premiums, rising delta signal times to shift positions
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4/2/2002 | CV | Merrill: Convertibles joined the party in stocks in March
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4/2/2002 | CV | Salomon: Cyclicals led convertibles' March turnaround
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4/1/2002 | HY | Jefferies hires Fife for high yield sales
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3/28/2002 | CV | Creativity keeps new-issue market activity in line with forecasts despite tough conditions
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3/28/2002 | CV | Stanford paper shows tax shield is strong incentive for convertible issuance
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3/28/2002 | HY | UBS Warburg courts first-time issuers despite marketing challenges
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3/26/2002 | CV | Deutsche analysts suggest what to keep, sell during portfolio spring cleaning
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3/26/2002 | HY | Banc of America hires analyst Phillis to cover consumer products, retail
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3/25/2002 | CV | Lehman hires Krishna from Salomon to head convertible research
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3/20/2002 | CV | Froley Revy convertible arbitrage fund takes market-neutral strategy
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3/15/2002 | CV | Froley Revy adds convertible arbitrage strategy
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3/11/2002 | CV | Salomon prepares to increase equity sensitivity of recommended portfolio
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3/8/2002 | HY | CIBC sees possible reopening of high yield market to telecom
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3/6/2002 | CV | Merrill notes bias toward higher credit quality in convertibles
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3/5/2002 | HY | B of A: New issuance lags last year but shows good execution; fallen angels sizable factor
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3/5/2002 | HY | Merrill rehires Mann, to head global leveraged finance origination
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3/4/2002 | CVHY | Bear Stearns: Several convertibles cheap versus their high yield bonds
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2/28/2002 | HY | Jefferies promotes Schwartz to director of high yield sales and trading
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2/27/2002 | CV | Salomon analysts suggest high gamma convertibles for defensive plays
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2/25/2002 | HY | Jefferies hires Speegle to head financial sponsors group
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2/13/2002 | CV | Salomon convertible analyst ups energy, cuts financial weightings
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2/13/2002 | HY | Wachovia hires Haase for high yield capital markets
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2/12/2002 | CV | Deutsche sees gamma frenzy for arbs, safe haven for outrights in converts with short put dates
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2/12/2002 | HY | Numbers verify that single-Bs are trading "rich," says Merrill's Fridson
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2/8/2002 | CV | Primary market hopes on hold, but not forsaken
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2/8/2002 | CVHY | DE Shaw hires Holmes, Posner to trade distressed debt
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2/6/2002 | CV | Salomon convertible analysts confident of strong 2002 issuance
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2/6/2002 | HY | UBS Warburg hires Gourlay for industrial leveraged finance
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2/5/2002 | CV | Deutsche: 2002 is the year for high yield convertibles
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2/4/2002 | HY | BMO Nesbitt Burns hires Duncan for financial sponsors
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2/4/2002 | CV | Salomon convertible analysts optimistic about 2002 performance
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2/1/2002 | CV | First Republic to acquire rest of Froley Revy
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2/1/2002 | CV | JP Morgan names Zajkowski head of equity-linked origination
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1/31/2002 | CV | Bear Stearns convertible analysts recommend cyclicals, chips, energy in slow 2002 recovery
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1/31/2002 | CV | Bear Stearns convertible analysts see strong 2002 issuance, more coupon bonds
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1/31/2002 | CV | Bear Stearns convertible analysts see defaults, spreads, valuations improving in 2002
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1/24/2002 | HY | BNP Paribas names Lambert, Ong to high yield positions
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1/24/2002 | HY | Chanin names Garcia vice president
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1/23/2002 | HY | Pimco promotes Kennedy to managing director
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1/16/2002 | HY | B of A: Fallen angels a growing - and profitable - part of HY universe
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1/16/2002 | CV | Deutsche Banc estimates critical prices for 30 putable convertibles totaling $17.5 billion in 2002
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1/14/2002 | HY | Morgan Stanley sees $100 billion issuance in 2002, 8%-10% returns
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1/10/2002 | CV | Bear Stearns makes changes to focus list
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1/9/2002 | CV | Salomon finds almost 100 small cap convertibles expected to lead 2002 rebound
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1/9/2002 | HY | Bear Stearns anticipates 15-20% junk return in '02; new deals may hit $100 billion
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1/8/2002 | HY | Deutsche hires Johnson from Merrill
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1/7/2002 | HY | Goldman Sachs sees high yield returning 10% to 12% in 2002, safety a theme
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1/3/2002 | HY | Bankruptcy filings set record in 2001
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1/3/2002 | HY | RBC to manage $1.3 billion Indosuez Capital Funding IV CDO
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1/2/2002 | CV | Salomon: Looming puts a serious matter, but not a serious crisis for convertible market
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12/31/2001 | HY | 2001 is gone - finally. Now let's get on with 2002
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12/31/2001 | CV | Convertible issuance record of 2001 seen as benchmark, although 2002 will be strong
|
12/31/2001 | CV | Hope, strength of convertibles secondary market relies on strong primary market
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12/31/2001 | CV | Early weeks of 2002 will test recovery from December's feast of high yield supply
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