Italcementi completes 2013 bond funding with €150m tap

Italcementi, the Italian building materials maker, sold a €150m tap of its 6.125% February 2018 bond on Tuesday. The add-on completes the company’s bond issuance plans for this year.

  • 17 May 2013

The notes came at 108.261 and 340bp over mid-swaps, to yield 4.169%.

"The bonds were trading exceptionally tight in the secondary market," said a banker close to the transaction. "We priced it with a one point discount."

Italcementi’s €350m notes, issued in February this year, closed at just over 109 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
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%