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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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 Bank of America Merrill Lynch 8,411.21 26 4.73%
2 Deutsche Bank 7,686.33 17 4.32%
3 Barclays 7,675.66 19 4.32%
4 Citi 7,287.53 24 4.10%
5 JPMorgan 6,876.21 22 3.87%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 SG Corporate & Investment Banking 1,847.53 6 14.23%
2 Deutsche Bank 1,509.53 5 11.63%
3 Commerzbank Group 1,160.48 2 8.94%
4 ING 881.60 1 6.79%
5 Bank of America Merrill Lynch 854.09 6 6.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 SG Corporate & Investment Banking 135.40 2 10.16%
2 UniCredit 133.03 2 9.98%
2 Intesa Sanpaolo SpA 133.03 2 9.98%
4 Deutsche Bank 98.99 2 7.43%
5 Sumitomo Mitsui Financial Group 83.03 1 6.23%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Goldman Sachs 1,641.25 5 16.75%
2 Barclays 1,416.67 4 14.46%
3 Wells Fargo Securities 1,131.19 4 11.54%
4 Citi 974.11 3 9.94%
5 SunTrust Robinson Humphrey Inc 945.48 4 9.65%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Deutsche Bank 4,898.75 3 8.43%
2 SG Corporate & Investment Banking 4,263.32 6 7.34%
3 ING 3,428.75 2 5.90%
4 HSBC 3,208.94 6 5.52%
5 Barclays 2,962.51 4 5.10%