Phones4u joins high yield PIK bond issuers as it gears up

UK mobile phone retailer Phones4u is joining the stream of firms issuing high yield payment-in-kind bonds from their holding companies. The bond finances a £220m payment to shareholders.

  • By Stefanie Linhardt
  • 16 Sep 2013

The business, owned by BC Partners, has announced plans to sell a £200m PIK toggle bond. A roadshow started in the City of London today and continues in the West End tomorrow.

The bond will allow Phones4u to defer interest payments in whole or in part, but only if ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%