CGGVeritas hits high yield CB sweetspot

CGGVeritas, the French seismic surveying firm, hit a sweet spot in the equity-linked market on Tuesday, raising €315m with a €45m greenshoe in a deal that was priced with one of the highest implied volatilities of 2012. The issuer’s double-B ratings, well-received use of funds and French base helped it to a multiple times oversubscribed book.

  • 16 Nov 2012
CGG was selling the CBs to take out part of a €700m bridge loan that it put in place in September to fund an acquisition. The joint bookrunners — also its advisors and its lending banks which waived their lock-up from a €414m M&A rights issue for the ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 Citi 35,941.13 111 8.93%
2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%