In the first nine months of the year, Bank of America led $29.61 billion worth of high-yield offerings globally, compared with $28.95 billion for JPMorgan.
Among the bigger players, Washington Mutual introduced a pilot in November, and Wachovia is "strategically evaluating a number of high-yield offerings online in a way that makes sense for our brand and our business model," a spokesman, Doug Caldwell, wrote in an e-mail message.
"Jefferies has no track record of successful execution in the health care area and they have not completed a health care high-yield offering since 1993," he wrote.
"We didn't wake up thinking we would do the biggest high-yield offering ever," Joseph J. Euteneuer, Sprint's chief financial officer, said in a telephone interview on Wednesday, adding praise for the performance of its adviser, JPMorgan Chase.
Indeed, lowered reaction temperatures result in improved obtainable equilibrium yields offering the tantalising prospect of a possible win win situation, providing sufficiently favourable kinetics can be achieved.
PDF provides yield management offerings for high-volume semiconductor facilities.
About $77 billion has been raised this year through high-yield bond offerings, through last Friday, he said, compared with $47 billion in the period a year earlier.
The results showed that the approximate analytical solution developed in this paper closely matches the observed data, thus providing an alternative method of predicting runoff generation and sediment yield, and offering a more convenient method of analyzing the quantitative relationships between variables.
Mr. Wagar was leaning toward doing a high-yield debt offering, while Mr. Lorello was recommending an equity offering, the bankers said.
Moreover, Mr. Lorello's team had failed to complete a high-yield bond offering for Radiologix the year before, according to the letters.
"I see high-yield as offering pretty decent value here," agreed Matt Eagan, co-manager of the Loomis Sayles Bond fund, which invests up to 35 percent of assets in lower-rated securities.
