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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Jun 2017
1 JPMorgan 81,498.74 352 7.26%
2 Bank of America Merrill Lynch 71,488.76 324 6.37%
3 Citi 67,601.26 321 6.02%
4 Barclays 55,362.73 221 4.93%
5 Goldman Sachs 54,047.07 221 4.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Jun 2017
1 BNP Paribas 15,877.45 68 9.25%
2 Barclays 13,596.86 49 7.93%
3 Deutsche Bank 12,929.26 46 7.54%
4 HSBC 9,996.40 45 5.83%
5 SG Corporate & Investment Banking 9,719.13 51 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 Danske Bank 40,548.61 42 14.16%
2 Svenska Handelsbanken AB 38,163.35 21 13.33%
3 BNP Paribas 15,055.84 69 5.26%
4 Deutsche Bank 14,548.66 47 5.08%
5 Citi 12,612.10 54 4.41%