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
  • 25 Apr 2016
1 Bank of America Merrill Lynch 42,408.02 136 6.33%
2 JPMorgan 41,643.60 134 6.21%
3 Citi 37,633.21 146 5.61%
4 Deutsche Bank 30,769.06 100 4.59%
5 Barclays 29,008.33 90 4.33%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Bank of America Merrill Lynch 8,759.23 25 7.64%
2 Deutsche Bank 8,718.37 24 7.60%
3 BNP Paribas 8,699.87 33 7.59%
4 SG Corporate & Investment Banking 8,539.59 36 7.45%
5 Barclays 7,357.45 18 6.42%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Deutsche Bank 2,440.53 14 10.95%
2 Goldman Sachs 2,436.07 10 10.93%
3 JPMorgan 1,875.45 10 8.41%
4 BNP Paribas 1,560.90 12 7.00%
5 Barclays 1,425.83 7 6.40%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 JPMorgan 6,806.36 47 9.96%
2 Barclays 6,558.49 34 9.60%
3 Bank of America Merrill Lynch 6,262.95 41 9.17%
4 Goldman Sachs 6,121.17 34 8.96%
5 Citi 5,842.90 38 8.55%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 BNP Paribas 9,593.08 27 3.23%
2 Deutsche Bank 9,412.16 16 3.17%
3 SG Corporate & Investment Banking 9,211.03 32 3.10%
4 Barclays 8,723.74 20 2.94%
5 ING 7,852.72 16 2.64%