Snam, Gas Natural liven up quiet week for new issues

Two energy companies from peripheral Europe stormed back into the post-Easter corporate bond market on Wednesday, with Italian gas infrastructure company Snam issuing €1.5bn alongside a €750m deal from Gas Natural Fenosa, the largest integrated gas and electricity company in Spain and Latin America.

  • 05 Apr 2013
Both peripheral issuers wisely waited one day for the market to get back from the Easter break — and for BASF to open it on Tuesday (see page 18) — before they launched their deals."Peripherals are always a bit more trepidatious after a break," said a banker away ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 143,182.93 629 7.01%
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3 Citi 115,737.19 613 5.66%
4 Goldman Sachs 94,848.38 401 4.64%
5 Barclays 90,564.22 401 4.43%

Bookrunners of Euro Denominated Corporate IG Bonds

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1 BNP Paribas 25,205.70 116 8.84%
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3 Deutsche Bank 19,215.30 80 6.74%
4 HSBC 17,745.90 80 6.23%
5 SG Corporate & Investment Banking 16,081.95 88 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 7.60%
2 Goldman Sachs 5,851.83 48 7.43%
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4 Credit Suisse 4,633.16 52 5.88%
5 Citi 4,412.98 34 5.60%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 30,278.08 235 10.60%
2 Citi 24,061.64 191 8.42%
3 Bank of America Merrill Lynch 23,183.88 205 8.11%
4 Goldman Sachs 21,207.87 149 7.42%
5 Barclays 19,256.47 129 6.74%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 56,596.43 205 6.89%
2 BNP Paribas 54,616.02 178 6.65%
3 Barclays 54,353.83 178 6.61%
4 Citi 49,249.02 159 5.99%
5 SG Corporate & Investment Banking 46,424.44 160 5.65%