Glencore bondholders like merger talk, Xstrata ticks wider

Bonds of Glencore International, the Swiss-based commodities trading group, snapped tighter on Thursday following news that it was in talks to merge with Xstrata, the mining group based a few miles away. Xstrata’s paper widened slightly.

  • 03 Feb 2012

Although the two companies are similarly rated at around mid-triple-B, and they are of similar size, Glencore trades wider because it is seen as a more unpredictable business with a touch of the "black box", as one observer put it on Thursday.

Xstrata confirmed on Thursday morning that it ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 Bank of America Merrill Lynch 141,939.63 561 6.18%
2 JPMorgan 134,615.83 565 5.86%
3 Citi 123,531.26 521 5.38%
4 Deutsche Bank 97,614.48 396 4.25%
5 Barclays 96,647.42 388 4.21%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 BNP Paribas 26,698.14 135 8.07%
2 Deutsche Bank 23,356.29 86 7.06%
3 Bank of America Merrill Lynch 20,598.24 76 6.23%
4 Citi 20,210.48 88 6.11%
5 Barclays 20,061.92 75 6.06%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 Deutsche Bank 7,800.70 49 10.57%
2 Citi 6,458.14 23 8.75%
3 Goldman Sachs 6,266.74 37 8.49%
4 Barclays 5,619.60 34 7.61%
5 JPMorgan 4,221.50 35 5.72%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 JPMorgan 25,637.35 204 10.43%
2 Bank of America Merrill Lynch 23,640.29 169 9.62%
3 Goldman Sachs 22,100.52 142 8.99%
4 Citi 20,620.00 153 8.39%
5 Barclays 20,603.68 133 8.38%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 BNP Paribas 30,005.45 126 7.06%
2 Barclays 24,642.89 80 5.80%
3 Deutsche Bank 23,876.70 72 5.62%
4 HSBC 23,243.04 98 5.47%
5 Citi 23,231.93 90 5.47%