BAA pays price to clear jinx on £600m sub

The expansion of investors’ appetites for corporate credit this year is not only taking them southwards into Spain and Italy, but also down the capital structure into subordinated debt.

  • 10 Feb 2012
BAA, the UK company that owns London’s Heathrow and Stansted airports, completed its second bond issue of the year on Tuesday, raising £600m of junior debt and exorcising the hoodoo it suffered last year when it had to pull both a senior and subordinated deal in poor market ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 JPMorgan 96,004.47 420 7.05%
2 Bank of America Merrill Lynch 83,574.87 384 6.14%
3 Citi 79,150.47 398 5.82%
4 Barclays 64,960.22 277 4.77%
5 Deutsche Bank 61,725.14 258 4.54%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 BNP Paribas 18,886.68 80 9.00%
2 Barclays 16,575.05 61 7.90%
3 Deutsche Bank 15,098.70 57 7.20%
4 HSBC 12,906.84 56 6.15%
5 SG Corporate & Investment Banking 12,165.97 62 5.80%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 5,095.99 40 8.35%
2 Goldman Sachs 4,273.93 33 7.01%
3 Deutsche Bank 4,159.17 38 6.82%
4 Credit Suisse 3,915.70 42 6.42%
5 Barclays 3,740.83 31 6.13%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 21,273.54 160 11.24%
2 Citi 17,526.81 129 9.26%
3 Bank of America Merrill Lynch 15,607.84 134 8.24%
4 Goldman Sachs 13,221.26 95 6.98%
5 Barclays 13,207.72 84 6.98%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 BNP Paribas 17,949.66 81 6.87%
2 Deutsche Bank 17,622.26 57 6.74%
3 HSBC 16,803.90 77 6.43%
4 Barclays 16,166.69 72 6.19%
5 Citi 15,341.21 64 5.87%