Dollar high yield


Bookrunners: Banc of America Securities, Citigroup, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley

With an abundance of cash in the hands of private equity sponsors, leveraged buyout (LBO) deals stole the show in the US high-yield market in 2005 as investors were given access to a number of first-time issuers subject to takeover.

Dan Toscano, head of loan syndication at joint bookrunner Deutsche Bank, says: "2005 will go into the leveraged finance books as the year of th