Statnett to debut in euros as RWE announces buy-back results

On Monday, Statnett, the Norwegian state electricity grid company, mandated banks for its debut benchmark bond issue in euros. This followed German power utility RWE announcing the results of its recent tender offer on Friday.

  • By Nigel Owen
  • 09 Oct 2017

Statnett, rated A2/A+, has hired Barclays, Crédit Agricole, Danske Bank, NatWest Markets and Nordea for a European roadshow from October 12. It will then issue a benchmark 10 to 12.5 year bond.

The issuer has €1.76bn-equivalent of bonds outstanding, according to Dealogic. The large majority ...

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Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 164,138.10 712 7.22%
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3 Citi 128,351.45 682 5.65%
4 Goldman Sachs 104,714.74 443 4.61%
5 Barclays 98,747.37 444 4.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 28,647.62 134 8.82%
2 Barclays 23,676.33 96 7.29%
3 Deutsche Bank 21,735.71 91 6.69%
4 SG Corporate & Investment Banking 19,387.37 101 5.97%
5 HSBC 18,800.79 89 5.79%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 6,956.59 58 7.34%
2 Goldman Sachs 6,746.86 54 7.12%
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4 Credit Suisse 5,767.09 60 6.09%
5 BNP Paribas 5,158.30 56 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 33,611.94 263 10.79%
2 Citi 26,772.36 213 8.59%
3 Bank of America Merrill Lynch 25,057.11 221 8.04%
4 Goldman Sachs 23,500.21 166 7.54%
5 Barclays 20,380.66 139 6.54%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 26,467.48 131 6.34%
2 Deutsche Bank 26,020.82 93 6.23%
3 Barclays 25,912.14 118 6.21%
4 HSBC 25,614.26 122 6.14%
5 Citi 22,829.99 98 5.47%