Babson Capital next in short duration high yield fund launch flurry

Babson Capital Management has completed the initial public offering of its global short duration high yield fund. It began trading on the New York stock exchange on Friday.

  • 30 Oct 2012

The fund comes at a time when several asset managers launch short-dated high yield products, among them Prudential Investments, as reported in EuroWeek on Monday, and Aviva, Pictet and AllianceBernstein.

Babson raised $462.5m in its share offering, excluding a greenshoe option for underwriters Bank ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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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 %
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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 %
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  • 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%