Investors pile in for pick-up on AES Gener hybrid

Electricity generator AES Gener attracted more than $3.5bn of demand for a $450m hybrid bond, the first from a corporate in Chile, allowing leads to tighten pricing 62.5bp from initial price thoughts.

  • By Oliver West
  • 13 Dec 2013

Having released initial price thoughts of 9% on Tuesday via bookrunners Citi and Goldman Sachs, Gener tightened to guidance of 8.5% area before pricing at 8.375% on Wednesday afternoon.

More than 300 accounts participated in the junior subordinated 60-year non-call 5.5 year step-up note, which was priced at ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 141,939.63 561 6.18%
2 JPMorgan 134,615.83 565 5.86%
3 Citi 123,531.26 521 5.38%
4 Deutsche Bank 97,614.48 396 4.25%
5 Barclays 96,647.42 388 4.21%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 BNP Paribas 26,179.46 132 8.09%
2 Deutsche Bank 22,791.86 82 7.04%
3 Bank of America Merrill Lynch 19,997.05 72 6.18%
4 Citi 19,633.30 84 6.06%
5 SG Corporate & Investment Banking 19,384.99 102 5.99%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,800.70 49 10.57%
2 Citi 6,458.14 23 8.75%
3 Goldman Sachs 6,266.74 37 8.49%
4 Barclays 5,619.60 34 7.61%
5 JPMorgan 4,221.50 35 5.72%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,637.35 204 10.43%
2 Bank of America Merrill Lynch 23,640.29 169 9.62%
3 Goldman Sachs 22,100.52 142 8.99%
4 Citi 20,620.00 153 8.39%
5 Barclays 20,603.68 133 8.38%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 BNP Paribas 29,169.70 123 6.95%
2 Barclays 24,443.95 77 5.82%
3 Deutsche Bank 23,576.99 69 5.62%
4 HSBC 23,022.54 96 5.49%
5 Citi 23,007.97 87 5.48%