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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%