dcsimg
Corp Bonds

Retail bid helps Metro €500m pay bargain 2bp-7bp premium

German retailer and wholesaler Metro sold its first benchmark euro bond for two years on Wednesday, and capitalised on its rarity to obtain an exceptionally low new issue premium, by recent standards, of 2bp-7bp.

  • 24 Feb 2012

The €500m no-grow seven year came on the same day as KPN’s €750m 10 year, but although the deal was more modest, the pricing was more spectacular, at least according to the leads.

Rated Baa2/BBB/BBB, with a negative outlook from Moody’s, Metro has issued two small MTNs in euros ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 JPMorgan 115,492.34 560 6.48%
2 Bank of America Merrill Lynch 100,007.72 492 5.61%
3 Citi 97,972.27 503 5.50%
4 Deutsche Bank 83,913.37 421 4.71%
5 Morgan Stanley 81,730.05 474 4.58%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 23,536.12 109 8.62%
2 SG Corporate & Investment Banking 19,566.11 93 7.17%
3 Deutsche Bank 18,220.04 72 6.68%
4 HSBC 17,757.55 80 6.51%
5 Barclays 14,261.87 63 5.22%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Deutsche Bank 10,307.85 65 9.61%
2 JPMorgan 7,838.70 65 7.31%
3 Credit Suisse 7,418.28 56 6.92%
4 Goldman Sachs 7,026.57 48 6.55%
5 BNP Paribas 6,220.13 53 5.80%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 JPMorgan 28,639.10 190 10.17%
2 Citi 25,365.10 157 9.00%
3 Morgan Stanley 24,255.91 134 8.61%
4 Bank of America Merrill Lynch 23,393.59 179 8.30%
5 Credit Suisse 22,843.03 145 8.11%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 22,011.81 109 6.27%
2 HSBC 21,349.42 112 6.08%
3 SG Corporate & Investment Banking 21,035.82 102 5.99%
4 RBS 20,308.32 104 5.78%
5 Barclays 20,043.26 93 5.71%