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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%