Thomas Cook sells €525m 2020 bond to yield 7.75%

UK travel operator Thomas Cook has sold its €525m seven year bond, pricing them in line with guidance, at par, to yield 7.75%.

  • 23 May 2013

Royal Bank of Scotland was billing and delivering on Thomas Cook’s first high yield bond since it reemerged from distressed trading levels, with Barclays, BNP Paribas, Credit Suisse, DNB Markets, Jefferies, Lloyds and Société Générale also bookrunning.

Guidance in the 7.625%-7.875% area was released on Wednesday afternoon.

The bond comes ...

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1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%