Bulgaria's restructured Vivacom joins EM high yield flurry

Vivacom has joined the list of emerging market companies to issue a bond with high yield documents. The Bulgarian telecoms company is looking to sell its €400m 2018 bond in the 6.75% area at the end of the week.

  • By Stefanie Linhardt
  • 15 Nov 2013

Books on the B1/BB- rated non-call two notes close at 1pm London time on Friday.

Credit Suisse and VTB Capital are global co-ordinators, while Barclays and Deutsche Bank are bookrunners.

With the proceeds, Vivacom — also known as Bulgarian Telecommunications Co — will refinance bank debt. The bond ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%