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Equity

Mandatory convertibles set to go mainstream following ArcelorMittal’s blockbuster

ArcelorMittal took $2.25bn from the mandatory convertible bond market, and a further $1.75bn in straight equity, this week in a deal that bankers hope will be replicated by other large-cap European firms seeking capital, writes Nick Jacob.

  • 11 Jan 2013

The strength of demand for mandatories from specialist US investors on top of a broader array of buyers in the US and Europe — first accessed by Volkswagen in its November 2012 deal — makes the market an essential agenda item for firms raising capital, they say.

"The ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Sep 2014
1 JPMorgan 236,669.42 907 7.79%
1 JPMorgan 236,669.42 907 7.79%
2 Barclays 223,438.56 768 7.36%
2 Barclays 223,438.56 768 7.36%
3 Deutsche Bank 218,228.09 863 7.19%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 BNP Paribas 39,660.36 154 8.11%
2 Credit Agricole CIB 24,330.07 97 4.97%
3 HSBC 23,779.73 134 4.86%
4 RBS 23,478.35 90 4.80%
5 Barclays 22,822.43 93 4.66%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 JPMorgan 20,902.10 99 9.14%
2 Goldman Sachs 20,719.76 65 9.06%
3 Deutsche Bank 18,927.22 64 8.28%
4 UBS 17,441.89 69 7.63%
5 Bank of America Merrill Lynch 17,285.81 59 7.56%