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.

To make it easier to secure ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2016
1 Bank of America Merrill Lynch 113,774.07 425 6.43%
2 JPMorgan 109,404.73 422 6.18%
3 Citi 95,555.99 385 5.40%
4 Deutsche Bank 79,347.73 291 4.49%
5 Barclays 78,959.53 299 4.46%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 BNP Paribas 19,715.04 88 3.97%
2 Deutsche Bank 18,371.85 61 3.70%
3 Bank of America Merrill Lynch 16,635.29 55 3.35%
4 Barclays 15,391.20 53 3.10%
5 SG Corporate & Investment Banking 14,908.41 74 3.00%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 Deutsche Bank 6,313.30 34 10.58%
2 Citi 5,853.99 16 9.81%
3 Goldman Sachs 5,415.14 29 9.07%
4 Barclays 4,764.33 23 7.98%
5 JPMorgan 3,338.62 26 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 JPMorgan 21,535.02 164 5.39%
2 Bank of America Merrill Lynch 19,875.05 135 4.98%
3 Barclays 17,711.85 109 4.43%
4 Deutsche Bank 16,934.50 99 4.24%
5 Citi 16,922.51 120 4.24%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 BNP Paribas 22,368.10 81 6.80%
2 Deutsche Bank 20,396.32 53 6.20%
3 Barclays 19,969.91 53 6.07%
4 Citi 17,630.92 65 5.36%
5 HSBC 16,543.43 69 5.03%