Dana mulls lengthy restructuring as $1bn sukuk maturity looms

Sharjah-based Dana Gas looks set to begin a protracted restructuring of its debt with creditors from next week, given that the oil and gas explorer and producer is still to find a solution to its looming sukuk maturity.

  • 25 Oct 2012

The $920m five-year 7.5% convertible deal, issued in 2007 before the financial crisis, is due for repayment on Wednesday, October 31. The notes have traded around a price of 70-80 in recent months, implying a strong possibility of default.

This discounted level is up from its low of ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 JPMorgan 17,319.47 78 7.51%
2 Bank of America Merrill Lynch 15,206.03 74 6.60%
3 Citi 14,973.35 73 6.49%
4 Deutsche Bank 12,727.58 55 5.52%
5 Barclays 12,559.96 50 5.45%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 BNP Paribas 3,852.38 18 10.19%
2 Deutsche Bank 3,171.67 10 8.39%
3 SG Corporate & Investment Banking 2,312.36 15 6.12%
4 Barclays 2,275.06 13 6.02%
5 Citi 2,127.92 14 5.63%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 Credit Suisse 1,022.91 14 9.38%
2 Deutsche Bank 975.14 10 8.94%
3 Bank of America Merrill Lynch 875.05 8 8.02%
4 Citi 847.97 7 7.77%
5 HSBC 789.16 11 7.23%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 JPMorgan 5,218.36 38 11.12%
2 Bank of America Merrill Lynch 3,911.34 36 8.33%
3 Credit Suisse 3,673.68 24 7.83%
4 Citi 3,657.00 24 7.79%
5 Jefferies LLC 3,166.33 8 6.75%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 BNP Paribas 4,414.96 20 8.76%
2 Deutsche Bank 3,885.95 11 7.71%
3 Citi 2,757.38 15 5.47%
4 Credit Suisse 2,528.25 11 5.01%
5 JPMorgan 2,329.39 11 4.62%