Russian Railways shows broad investor appeal

Russian Railways priced its debut Swiss franc transaction on Tuesday, using a dual tranche format to maximise its appeal to both retail and institutional investors. While the bulk of the demand is still thought to have come from private banks, the eight year tranche was the first CEE debt in Swiss francs to target institutional investors.

  • 30 Jan 2013
Barclays, Credit Suisse and VTB Capital priced the first tranche, a Sfr525m 2.177% February 2018 note, at 165bp over mid-swaps, the tight end of guidance that had been set at 165bp-170bp over mid-swaps. The tranche had originally been targeted at a minimum size of Sfr350m, but was increased ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 173,212.52 757 7.19%
2 Bank of America Merrill Lynch 153,345.47 707 6.36%
3 Citi 136,722.26 732 5.67%
4 Goldman Sachs 109,140.99 471 4.53%
5 Barclays 104,758.42 476 4.35%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 29,965.54 145 4.34%
2 Barclays 25,142.41 103 3.64%
3 Deutsche Bank 24,205.95 104 3.51%
4 SG Corporate & Investment Banking 20,544.30 110 2.98%
5 HSBC 19,467.45 94 2.82%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • Today
1 JPMorgan 8,469.76 69 8.05%
2 Goldman Sachs 7,816.84 63 7.43%
3 Credit Suisse 6,908.88 70 6.57%
4 Deutsche Bank 6,384.59 62 6.07%
5 BNP Paribas 5,941.97 66 5.65%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 36,665.71 285 10.74%
2 Citi 28,630.88 229 8.39%
3 Bank of America Merrill Lynch 28,305.35 246 8.29%
4 Goldman Sachs 24,712.66 181 7.24%
5 Barclays 22,906.34 151 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 28,046.25 103 6.40%
2 BNP Paribas 27,948.80 144 6.38%
3 Barclays 27,259.57 126 6.22%
4 HSBC 25,832.31 126 5.90%
5 Citi 23,312.66 103 5.32%