dcsimg

  • Latest Print Issue
  • April 17 2014
Corp Bonds

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 ...

The rest of this content is available to subscribers and active trials only

Contact Jeremy Masters to discuss your access: jeremy.masters@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Jeremy Masters on +44 (0)20 7779 8036 or email jeremy.masters@globalcapital.com to discuss your requirements.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 39,565.05 188 6.56%
2 Citi 35,505.97 178 5.88%
3 Bank of America Merrill Lynch 35,067.53 175 5.81%
4 Barclays 32,370.08 153 5.36%
5 Deutsche Bank 30,342.90 152 5.03%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
1 SG Corporate & Investment Banking 9,851.37 38 8.59%
2 HSBC 9,454.37 35 8.24%
3 BNP Paribas 9,022.49 40 7.86%
4 Deutsche Bank 8,081.13 31 7.04%
5 Barclays 6,651.75 26 5.80%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
1 Deutsche Bank 3,191.07 24 8.82%
2 JPMorgan 2,453.26 25 6.78%
3 Morgan Stanley 2,358.70 18 6.52%
4 BNP Paribas 2,169.78 20 6.00%
5 Credit Suisse 2,123.54 17 5.87%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
1 Citi 10,896.00 78 10.53%
2 JPMorgan 10,789.22 92 10.43%
3 Morgan Stanley 9,519.16 66 9.20%
4 Credit Suisse 8,918.03 60 8.62%
5 Bank of America Merrill Lynch 8,506.48 69 8.22%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
1 SG Corporate & Investment Banking 11,247.84 44 7.29%
2 Barclays 11,005.02 43 7.13%
3 HSBC 10,416.68 47 6.75%
4 BNP Paribas 9,372.40 45 6.07%
5 Deutsche Bank 9,131.16 37 5.92%