SNF Floerger’s €300m sells easily as S&P raises outlook

SNF Floerger, the French speciality chemicals company, sold a high yield bond on Tuesday at the increased size of €300m, and at a tight spread. The senior unsecured bond issue was enlarged by €50m and priced at par with a 5.5% coupon.

  • 05 Oct 2012

After two days of investor meetings in London and Paris, bookrunners BNP Paribas (left lead) and Crédit Agricole released price guidance in the 5.625% area on Tuesday morning and later tightened it to 5.5%.

The books closed at midday on Tuesday. Bank of America Merrill Lynch, HSBC and Natixis ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 129,893.78 562 7.22%
2 Bank of America Merrill Lynch 117,313.64 530 6.52%
3 Citi 102,948.94 532 5.73%
4 Goldman Sachs 85,307.58 349 4.74%
5 Barclays 80,468.49 350 4.47%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 22,124.11 100 8.73%
2 Barclays 19,647.01 74 7.76%
3 Deutsche Bank 17,369.20 70 6.86%
4 HSBC 15,446.24 67 6.10%
5 SG Corporate & Investment Banking 14,434.81 77 5.70%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • Today
1 JPMorgan 5,335.13 43 7.91%
2 Goldman Sachs 4,721.48 37 7.00%
3 Deutsche Bank 4,563.62 43 6.77%
4 Credit Suisse 4,353.57 48 6.46%
5 Barclays 4,075.90 34 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,677.53 209 10.82%
2 Citi 20,598.64 163 8.36%
3 Bank of America Merrill Lynch 20,434.33 181 8.29%
4 Goldman Sachs 18,169.20 130 7.37%
5 Morgan Stanley 17,353.91 102 7.04%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,260.86 71 6.71%
2 HSBC 21,999.17 96 6.64%
3 Barclays 21,487.74 90 6.48%
4 BNP Paribas 20,967.30 101 6.32%
5 Citi 18,975.16 77 5.72%