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Corp Bonds

Italy’s FGA finds demand for €500m despite vague future

FGA Capital, the car finance company owned by Crédit Agricole and Fiat, joined in the newly permissive European corporate bond market on Tuesday with a €500m two year bond issue that was well oversubscribed despite its low profile as an issuer, question marks over its future ownership and the fact that its business is in Italy.

  • 24 Feb 2012

Crédit Agricole, Citigroup and UniCredit led the deal for the issuer, which is rated Baa3/BBB/BBB+, all with negative outlooks and with negative watches from Fitch and Standard & Poor’s.

Uncertainty over how long the company’s joint venture owners will maintain their stakes was the main reason why the deal ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Morgan Stanley 8,039.46 30 8.53%
2 Citi 6,902.25 26 7.33%
3 JPMorgan 5,590.37 28 5.93%
4 Barclays 5,552.04 29 5.89%
5 Bank of America Merrill Lynch 5,053.13 22 5.36%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 SG Corporate & Investment Banking 2,868.31 9 6.02%
2 HSBC 2,165.06 9 4.54%
3 Barclays 1,886.97 6 3.96%
4 Deutsche Bank 1,694.69 4 3.56%
5 BNP Paribas 1,656.42 9 3.48%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Morgan Stanley 881.07 4 16.99%
2 Deutsche Bank 624.35 4 12.04%
3 Credit Suisse 553.85 4 10.68%
4 ING 387.93 3 7.48%
5 BNP Paribas 379.64 3 7.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Barclays 1,928.42 13 14.39%
2 Citi 1,585.56 11 11.83%
3 Morgan Stanley 1,275.70 11 9.52%
4 RBC Capital Markets 1,221.99 9 9.12%
5 Credit Suisse 1,038.55 7 7.75%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 SG Corporate & Investment Banking 2,455.66 8 12.32%
2 Barclays 1,309.76 4 6.57%
3 JPMorgan 1,273.66 7 6.39%
4 HSBC 1,232.67 7 6.19%
5 BNP Paribas 1,219.31 8 6.12%