Odebrecht rigs to drill for secured bonds

Brazilian conglomerate Odebrecht is looking to take advantage of the desire by the Brazilian government and Petrobras to develop the local oil and gas industry to issue up to $1.88bn of senior-secured 144A/Reg-S bonds backed by flows from ultra deep water drilling contracts.

  • 28 May 2013

Odebrecht’s oil and gas arm Odebrecht Oleo e Gas will issue the amortising bonds — with a final maturity of October 2022 and expected rating of Baa3/BBB/BBB — through Odebrecht Offshore Drilling Finance.

Global co-ordinators HSBC, Itaú and Morgan Stanley are taking the borrower on a roadshow, which ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 142,092.90 622 7.06%
2 Bank of America Merrill Lynch 126,485.14 579 6.29%
3 Citi 113,573.09 601 5.65%
4 Goldman Sachs 93,896.79 395 4.67%
5 Barclays 89,036.16 395 4.43%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 24,789.49 114 8.93%
2 Barclays 21,105.51 82 7.60%
3 Deutsche Bank 18,530.93 78 6.68%
4 HSBC 16,938.83 77 6.10%
5 SG Corporate & Investment Banking 15,665.73 86 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 5,988.32 51 7.80%
2 Goldman Sachs 5,669.99 45 7.38%
3 Deutsche Bank 5,126.35 52 6.68%
4 Credit Suisse 4,633.16 52 6.03%
5 Barclays 4,263.74 37 5.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 29,820.93 232 10.58%
2 Citi 23,746.29 188 8.42%
3 Bank of America Merrill Lynch 22,954.16 203 8.14%
4 Goldman Sachs 20,887.87 148 7.41%
5 Barclays 19,256.47 129 6.83%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 23,833.79 81 6.48%
2 HSBC 23,751.92 108 6.46%
3 Barclays 23,497.73 103 6.39%
4 BNP Paribas 23,234.24 113 6.32%
5 Citi 20,118.07 85 5.47%