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Corp Bonds

Seat PG’s last offer to SSBs: no coupon, but you can vote

Italian directories company Seat Pagine Gialle released its final proposal for restructuring on Tuesday evening. Senior secured bondholders are now formally included in the negotiations, but the risk to them has deepened: Seat failed to pay their coupon on January 31.

  • 03 Feb 2012

The company said this would be its last proposal and that, should it not obtain the necessary consent threshold by the new deadline of February 28, it was planning to file under the Legge Marzano, Italy’s equivalent of a US Chapter 11 bankruptcy.

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Rank Lead Manager Amount $m No of issues Share %
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  • 20 Oct 2014
1 JPMorgan 115,492.34 560 6.48%
2 Bank of America Merrill Lynch 100,007.72 492 5.61%
3 Citi 97,972.27 503 5.50%
4 Deutsche Bank 83,913.37 421 4.71%
5 Morgan Stanley 81,730.05 474 4.58%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 23,536.12 109 8.62%
2 SG Corporate & Investment Banking 19,566.11 93 7.17%
3 Deutsche Bank 18,220.04 72 6.68%
4 HSBC 17,757.55 80 6.51%
5 Barclays 14,261.87 63 5.22%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Deutsche Bank 10,307.85 65 9.61%
2 JPMorgan 7,838.70 65 7.31%
3 Credit Suisse 7,418.28 56 6.92%
4 Goldman Sachs 7,026.57 48 6.55%
5 BNP Paribas 6,220.13 53 5.80%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 JPMorgan 28,639.10 190 10.17%
2 Citi 25,365.10 157 9.00%
3 Morgan Stanley 24,255.91 134 8.61%
4 Bank of America Merrill Lynch 23,393.59 179 8.30%
5 Credit Suisse 22,843.03 145 8.11%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 22,011.81 109 6.27%
2 HSBC 21,349.42 112 6.08%
3 SG Corporate & Investment Banking 21,035.82 102 5.99%
4 RBS 20,308.32 104 5.78%
5 Barclays 20,043.26 93 5.71%