Tool renter HSS on target with £200m HY

HSS Hire, the UK tool and equipment hire business, priced its debut high yield bond on Wednesday, in line with guidance.

  • By Stefanie Linhardt
  • 31 Jan 2014

The £200m of senior secured notes due August 2019 were priced at par with a 6.75% coupon. They hovered around reoffer on Thursday, said a banker close to the deal.

The bond, issued through HSS Financing plc, is rated B2/B.

Bookrunners JP Morgan, Barclays and HSBC released price guidance ...

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.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,951.43 72 7.21%
2 BNP Paribas 15,800.30 101 6.35%
3 Goldman Sachs 14,057.92 58 5.65%
4 HSBC 13,442.80 86 5.40%
5 Deutsche Bank 12,920.94 75 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,988.32 51 7.65%
2 Goldman Sachs 5,851.83 48 7.47%
3 Deutsche Bank 5,236.76 54 6.69%
4 Credit Suisse 4,633.16 52 5.92%
5 Barclays 4,263.74 37 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29,958.08 234 10.56%
2 Citi 23,883.44 190 8.42%
3 Bank of America Merrill Lynch 23,183.88 205 8.17%
4 Goldman Sachs 20,887.87 148 7.36%
5 Barclays 19,256.47 129 6.79%