Bank of America Merrill Lynch Wins Loan House, U.S. High-Yield House and U.S. Structured Equity House in International Financing Review’s 2010 Review of the Year
NEW YORK, Dec 22, 2010 (BUSINESS WIRE) — Bank of America Merrill Lynch announced today that it received several awards from International Financing Review (IFR) magazine.
– Loan House of the Year
– U.S. High-Yield Bond House
– U.S. Structured Equity House
"Our banking and markets professionals continue to deliver for our clients by providing strategic advice and access to capital globally," said Alastair Borthwick, co-head of Global Capital Markets.
International Financing Review's 2010 Review of the Year focuses on, among other things, how institutions have progressed and adapted to the trends that have driven market activity during the year.
Explaining the rationale for choosing Bank of America Merrill Lynch as 2010 Loan House, International Financing Review notes that "in a year of plain vanilla deals, BofA Merrill's creativity stood like an oasis."
The magazine also noted that "innovation is the lifeblood of the BofA Merrill convertible bond franchise" and that the bank uncovered new investor types to keep the convertible bond market relevant in 2010. In addition, IFR named the company U.S. High-Yield Bond House based on the "team's consistent show of excellence in a wide range of transactions from the relatively simple to the difficult and creative," proving "that issuers and sponsors were identifying BofA Merrill as the partner they needed."
"This recognition is a testament to our ability to provide creativity, thought leadership and innovation across products and markets," noted Lisa Carnoy, co-head of Global Capital Markets.
These awards are the latest in a series of awards for innovation and creativity that Bank of America Merrill Lynch has received this year. In October 2010, the company was named Most Innovative Investment Bank for North America, Loans & Leveraged Finance, and Prime Brokerage by The Banker magazine.
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SOURCE: Bank of America Merrill Lynch