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  • April 17 2014
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 %
1 JPMorgan 198,209.59 967 0.00%
2 Bank of America Merrill Lynch 171,454.50 950 0.00%
3 Citi 159,805.00 848 0.00%
4 Deutsche Bank 151,024.03 756 0.00%
5 Morgan Stanley 136,882.99 744 0.00%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
1 SG Corporate & Investment Banking 10,034.77 40 8.60%
2 HSBC 9,602.27 36 8.23%
3 BNP Paribas 9,274.72 42 7.95%
4 Deutsche Bank 8,081.13 31 6.93%
5 Barclays 6,766.09 27 5.80%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
1 Deutsche Bank 3,191.07 24 0.00%
2 JPMorgan 2,569.92 26 0.00%
3 BNP Paribas 2,376.77 23 0.00%
4 Credit Suisse 2,359.37 20 0.00%
5 Morgan Stanley 2,358.70 18 0.00%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 11,655.04 95 0.00%
2 Citi 11,148.22 80 0.00%
3 Morgan Stanley 10,280.99 70 0.00%
4 Credit Suisse 9,213.76 63 0.00%
5 Bank of America Merrill Lynch 8,956.92 74 0.00%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
1 SG Corporate & Investment Banking 11,431.25 46 0.00%
2 Barclays 11,119.37 44 0.00%
3 HSBC 10,416.68 47 0.00%
4 BNP Paribas 9,624.62 47 0.00%
5 Deutsche Bank 9,194.04 38 0.00%