Nord Anglia finds buyers for $325m 10% after global hunt

Debut issuer Nord Anglia Education sold its $325m five year high yield bond at the tight end of guidance on Wednesday.

  • 23 Mar 2012

The deal, provisionally rated B2/B, was priced at par with a 10.25% coupon. It broke free to trade tighter and was trading at a 9.7% yield on Wednesday evening, according to a banker at one of the bookrunners.

Goldman Sachs was billing and delivering on the transaction and ...

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All Corporate Bonds

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5 Barclays 90,141.66 399 4.44%

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1 BNP Paribas 25,083.00 115 8.90%
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5 SG Corporate & Investment Banking 15,959.24 87 5.66%

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1 JPMorgan 5,988.32 51 7.65%
2 Goldman Sachs 5,851.83 48 7.47%
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5 Barclays 4,263.74 37 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 29,958.08 234 10.56%
2 Citi 23,883.44 190 8.42%
3 Bank of America Merrill Lynch 23,183.88 205 8.17%
4 Goldman Sachs 20,887.87 148 7.36%
5 Barclays 19,256.47 129 6.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 24,326.03 83 6.51%
2 Barclays 24,105.87 106 6.45%
3 HSBC 24,045.43 109 6.43%
4 BNP Paribas 23,527.75 114 6.29%
5 Citi 20,737.97 88 5.55%