Ex-junker TDC concedes just 5bp on tight €500m 10yr

TDC, the Danish telecoms company, returned to the bond market on Thursday after a year’s absence with a €500m 10 year bond with an unusually tight new issue premium, a deal that was eagerly welcomed by investors and ensconced the company still more firmly as a solid investment grade borrower.

  • 24 Feb 2012

Led by Deutsche Bank, JP Morgan and Morgan Stanley, the deal was much more modest than TDC’s last outing in February 2011, a strategic transaction comprising €800m of four year bonds, €800m of seven years and a £550m 12 year.

That bond was designed to allow TDC to repay ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Feb 2016
1 Deutsche Bank 6,949.71 12 4.49%
2 Citi 6,811.90 20 4.40%
3 Bank of America Merrill Lynch 6,757.82 19 4.37%
4 Barclays 6,148.18 16 3.97%
5 JPMorgan 5,813.98 18 3.76%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 02 Feb 2016
1 SG Corporate & Investment Banking 1,257.05 3 16.34%
2 Deutsche Bank 1,033.18 2 13.43%
3 ING 881.60 1 11.46%
3 Commerzbank Group 881.60 1 11.46%
5 Goldman Sachs 653.42 1 8.49%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 SG Corporate & Investment Banking 135.40 2 14.21%
2 UniCredit 83.03 1 8.71%
2 Sumitomo Mitsui Financial Group 83.03 1 8.71%
2 RBS 83.03 1 8.71%
2 Morgan Stanley 83.03 1 8.71%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Wells Fargo Securities 888.33 3 14.21%
1 SunTrust Robinson Humphrey Inc 888.33 3 14.21%
3 Goldman Sachs 881.25 2 14.10%
4 Barclays 816.67 3 13.07%
5 Citi 731.25 2 11.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 Feb 2016
1 Deutsche Bank 4,898.75 3 8.76%
2 SG Corporate & Investment Banking 3,804.20 4 6.81%
3 ING 3,428.75 2 6.13%
4 BNP Paribas 2,935.78 4 5.25%
5 HSBC 2,930.06 5 5.24%