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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1 JPMorgan 19,181.02 86 7.20%
2 Citi 17,776.15 84 6.67%
3 Bank of America Merrill Lynch 17,204.49 82 6.46%
4 Deutsche Bank 16,868.52 64 6.33%
5 Barclays 13,437.17 55 5.04%

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Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 5,411.83 21 11.84%
2 Deutsche Bank 4,560.65 12 9.98%
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4 Credit Agricole CIB 2,636.94 11 5.77%
5 Barclays 2,445.52 14 5.35%

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1 Credit Suisse 1,052.39 15 9.44%
2 Deutsche Bank 975.14 10 8.75%
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4 Citi 847.97 7 7.61%
5 HSBC 818.64 12 7.34%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 21 Feb 2017
1 JPMorgan 5,718.36 39 11.74%
2 Bank of America Merrill Lynch 4,411.34 37 9.06%
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4 Citi 3,657.00 24 7.51%
5 Jefferies LLC 3,166.33 8 6.50%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 BNP Paribas 4,850.62 22 8.14%
2 Deutsche Bank 4,604.83 14 7.73%
3 Citi 3,901.74 19 6.55%
4 Credit Suisse 3,324.36 14 5.58%
5 JPMorgan 2,951.33 13 4.95%