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
  • 23 May 2016
1 Bank of America Merrill Lynch 61,073.97 197 6.55%
2 JPMorgan 60,854.21 202 6.53%
3 Citi 54,358.91 201 5.83%
4 Deutsche Bank 47,541.47 146 5.10%
5 Barclays 45,823.37 152 4.92%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 Deutsche Bank 13,122.85 38 3.97%
2 Bank of America Merrill Lynch 11,385.13 32 3.44%
3 BNP Paribas 11,254.76 46 3.40%
4 Citi 11,205.01 39 3.39%
5 SG Corporate & Investment Banking 11,172.07 49 3.38%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 May 2016
1 Deutsche Bank 4,315.54 21 11.96%
2 Goldman Sachs 4,022.47 17 11.15%
3 Citi 3,554.32 10 9.85%
4 Barclays 2,858.46 14 7.93%
5 JPMorgan 2,260.35 14 6.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 JPMorgan 11,660.94 74 11.64%
2 Bank of America Merrill Lynch 10,629.58 63 10.61%
3 Citi 9,139.72 53 9.12%
4 Barclays 9,054.87 52 9.04%
5 Goldman Sachs 8,537.29 52 8.52%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 Deutsche Bank 14,052.22 27 7.23%
2 Barclays 11,937.74 27 6.15%
3 BNP Paribas 11,757.87 38 6.05%
4 Citi 10,916.32 37 5.62%
5 SG Corporate & Investment Banking 10,831.33 42 5.58%