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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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4 Deutsche Bank 69,325.97 350 4.77%
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1 BNP Paribas 17,687.28 85 8.48%
2 HSBC 16,394.52 71 7.86%
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5 Barclays 11,114.66 48 5.33%

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1 Deutsche Bank 10,005.72 59 10.06%
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1 JPMorgan 22,051.66 170 9.77%
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5 Goldman Sachs 17,882.93 99 7.92%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 26 Aug 2014
1 HSBC 17,940.51 91 6.80%
2 BNP Paribas 17,004.99 87 6.44%
3 SG Corporate & Investment Banking 16,375.71 80 6.21%
4 Barclays 15,497.46 70 5.87%
5 RBS 14,212.45 74 5.39%