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 %
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1 Bank of America Merrill Lynch 98,466.97 356 6.42%
2 JPMorgan 95,815.66 355 6.25%
3 Citi 84,041.38 335 5.48%
4 Deutsche Bank 70,383.91 247 4.59%
5 Barclays 69,594.14 258 4.54%

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Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 15,981.42 72 7.49%
2 Deutsche Bank 15,526.98 48 7.28%
3 Bank of America Merrill Lynch 14,438.78 43 6.77%
4 SG Corporate & Investment Banking 13,406.34 64 6.28%
5 Barclays 13,198.29 43 6.18%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • 23 Aug 2016
1 Goldman Sachs 5,027.09 25 10.62%
2 Deutsche Bank 5,009.34 30 10.58%
3 Citi 4,119.78 13 8.70%
4 Barclays 3,601.58 19 7.61%
5 JPMorgan 2,803.14 20 5.92%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 23 Aug 2016
1 JPMorgan 19,799.61 146 11.07%
2 Bank of America Merrill Lynch 17,389.63 118 9.72%
3 Barclays 15,694.41 95 8.77%
4 Goldman Sachs 15,523.50 95 8.68%
5 Deutsche Bank 15,320.36 90 8.56%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Aug 2016
1 Deutsche Bank 16,642.28 39 6.47%
2 BNP Paribas 16,468.78 63 6.40%
3 Barclays 15,749.42 43 6.12%
4 HSBC 13,691.31 58 5.32%
5 SG Corporate & Investment Banking 13,148.34 58 5.11%