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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
  • 27 Jul 2015
1 JPMorgan 106,682.61 420
2 Bank of America Merrill Lynch 99,006.52 399
3 Deutsche Bank 72,721.38 301
4 Morgan Stanley 71,744.94 318
5 Citi 71,657.56 345

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Barclays 17,257.25 60 8.65%
2 BNP Paribas 16,690.87 90 8.37%
3 HSBC 16,069.57 77 8.06%
4 Deutsche Bank 15,176.46 58 7.61%
5 SG Corporate & Investment Banking 13,054.53 72 6.55%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 JPMorgan 6,553.35 48 9.05%
2 Deutsche Bank 5,964.39 50 8.24%
3 Credit Suisse 4,472.02 31 6.18%
4 Morgan Stanley 4,335.38 30 5.99%
5 BNP Paribas 4,314.52 38 5.96%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 JPMorgan 20,878.79 132 10.47%
2 Bank of America Merrill Lynch 18,020.65 138 9.04%
3 Deutsche Bank 17,288.03 108 8.67%
4 Goldman Sachs 16,635.20 100 8.34%
5 Citi 15,000.72 106 7.52%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Barclays 18,517.67 58 8.74%
2 HSBC 16,250.80 69 7.67%
3 SG Corporate & Investment Banking 14,014.97 68 6.61%
4 BNP Paribas 13,940.59 72 6.58%
5 Deutsche Bank 12,653.22 45 5.97%