RTE gets €2.75bn book for 20 year with tight premium

Corporate bonds that are executed on Fridays are often brought then to give issuers some space in crowded markets, but in an otherwise quiet week French electricity grid operator Réseau de Transport d’Électricité had little competition for investor attention last Friday as it printed the longest dated deal of the week.

  • By Nigel Owen
  • 19 Oct 2017

The issuer completed a four day European roadshow last Thursday, telling investors it was looking at a euro benchmark deal with a maximum 20 year tenor.

The lead managers on the RTE deal, Barclays, BNP Paribas, Citigroup, Crédit Mutuel CIC and MUFG, confirmed ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 164,938.31 718 7.19%
2 Bank of America Merrill Lynch 147,126.56 669 6.41%
3 Citi 129,711.97 691 5.65%
4 Goldman Sachs 105,201.77 447 4.58%
5 Barclays 99,621.62 449 4.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,154.37 137 8.85%
2 Barclays 24,473.15 99 7.43%
3 Deutsche Bank 22,163.65 93 6.73%
4 SG Corporate & Investment Banking 20,050.48 104 6.09%
5 HSBC 19,151.76 90 5.81%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7,123.00 59 7.43%
2 Goldman Sachs 6,789.41 55 7.08%
3 Deutsche Bank 5,954.72 59 6.21%
4 Credit Suisse 5,809.63 61 6.06%
5 BNP Paribas 5,208.30 57 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,802.85 265 10.75%
2 Citi 26,963.27 215 8.58%
3 Bank of America Merrill Lynch 25,506.35 227 8.11%
4 Goldman Sachs 23,587.99 168 7.50%
5 Barclays 20,408.08 140 6.49%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 26,974.23 134 6.39%
2 Deutsche Bank 26,448.76 95 6.27%
3 Barclays 26,394.12 121 6.26%
4 HSBC 25,650.40 123 6.08%
5 Citi 22,829.99 98 5.41%