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Corp Bonds

Motability shaves pricing as issuers gain clout

Motability Operations Group, the UK company that leases cars to disabled people and their carers, completed a successful bond sale on Monday that was the first dual currency issue in the European corporate market this year.

  • 03 Feb 2012

The A2/A+ rated company raised €550m of short seven year debt and £300m of 15 year money. As usual, Motability used as bookrunners the four banks that are also its four shareholders — Barclays Capital, HSBC, Lloyds and Royal Bank of Scotland.

The strong bid for corporate paper that ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jan 2015
1 Morgan Stanley 3,489.86 8 11.34%
2 Citi 3,107.95 9 10.10%
3 JPMorgan 2,964.33 8 9.64%
4 Barclays 2,341.85 8 7.61%
5 Deutsche Bank 2,201.35 6 7.16%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 SG Corporate & Investment Banking 1,799.75 5 10.07%
2 HSBC 1,638.86 7 9.17%
3 Barclays 1,607.88 4 9.00%
4 Deutsche Bank 1,485.16 3 8.31%
5 BNP Paribas 996.78 4 5.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Morgan Stanley 747.74 3 0.00%
2 Deutsche Bank 491.01 3 0.00%
3 Credit Suisse 420.52 3 0.00%
4 BNP Paribas 379.64 3 0.00%
5 Barclays 372.26 3 0.00%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Barclays 1,270.34 9 15.31%
2 Citi 1,012.48 8 12.20%
3 Credit Suisse 788.55 6 9.50%
4 Morgan Stanley 737.62 6 8.89%
5 RBS 642.72 3 7.75%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 SG Corporate & Investment Banking 1,772.96 4 6.51%
2 Barclays 1,030.67 2 3.79%
3 Bank of America Merrill Lynch 1,024.14 4 3.76%
4 RBC Capital Markets 883.48 1 3.25%
4 Deutsche Bank 883.48 1 3.25%