Pendragon tightens guidance to 6.875% to 7%, to price later

Pendragon, the UK car dealer, released price guidance in the 7%-7.25% area for its £175m debut high yield bond this morning, and later tightened it to 6.875% to 7%.

  • 25 Apr 2013

Investor meetings ended in Edinburgh this morning and pricing is planned for later today.

RBS (billing and delivering), Barclays and Lloyds Bank are running the books on the senior secured seven year transaction.

The London-listed company plans to simultaneously sign a £145m revolving credit facility, of which it plans to ...

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.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,940.33 44 7.62%
2 JPMorgan 8,642.90 35 7.36%
3 Deutsche Bank 6,900.99 32 5.88%
4 Bank of America Merrill Lynch 6,182.44 32 5.27%
5 Credit Suisse 5,391.91 30 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,899.30 12 10.92%
2 Deutsche Bank 2,770.97 7 10.44%
3 Citi 1,702.87 11 6.41%
4 SG Corporate & Investment Banking 1,477.67 11 5.57%
5 JPMorgan 1,333.78 6 5.02%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 791.48 6 11.55%
2 Bank of America Merrill Lynch 578.44 4 8.44%
3 Deutsche Bank 551.25 5 8.04%
4 HSBC 506.07 7 7.38%
5 NatWest Markets 492.10 6 7.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,219.41 10 10.62%
2 Jefferies LLC 2,201.25 3 10.54%
3 Morgan Stanley 2,098.45 9 10.04%
4 JPMorgan 1,685.73 12 8.07%
5 Bank of America Merrill Lynch 1,483.26 13 7.10%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,285.81 8 8.84%
2 BNP Paribas 3,005.67 13 8.09%
3 Citi 2,347.64 13 6.32%
4 Credit Suisse 2,261.58 8 6.09%
5 Mizuho 2,130.56 8 5.73%