Roche ‘deal of the year’ dazzles Swiss market

A jumbo Sfr1.5bn triple trancher from domestic pharmaceutical giant Roche dominated the Swiss franc bond market this week, attracting Sfr2.5bn of orders from across the currency’s investor base and drawing immediate accolades. "This is the deal of the week and the deal of the year. It’s a trade everyone was involved in," said a banker away from the offering.

  • 24 Feb 2012

"Investors would have bought this at almost any price," added a Zurich banker.

Besides its undisputed name recognition, a range of maturities to access different areas of demand and ratings of A1 (Moody’s) and AA- (Fitch), Roche offered significant rarity value. The company last tapped its domestic market back ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 28 Nov 2016
1 Bank of America Merrill Lynch 139,091.89 542 6.16%
2 JPMorgan 132,647.16 552 5.87%
3 Citi 122,144.04 509 5.41%
4 Deutsche Bank 96,442.01 387 4.27%
5 Barclays 94,754.53 375 4.20%

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  • 29 Nov 2016
1 BNP Paribas 26,179.46 132 8.09%
2 Deutsche Bank 22,791.86 82 7.04%
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4 Citi 19,633.30 84 6.06%
5 SG Corporate & Investment Banking 19,384.99 102 5.99%

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Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 Deutsche Bank 7,800.70 49 10.73%
2 Citi 6,382.82 21 8.78%
3 Goldman Sachs 6,266.74 37 8.62%
4 Barclays 5,561.91 33 7.65%
5 JPMorgan 4,221.50 35 5.81%

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Rank Lead Manager Amount $m No of issues Share %
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  • 29 Nov 2016
1 JPMorgan 25,397.35 202 10.56%
2 Bank of America Merrill Lynch 23,113.21 166 9.61%
3 Goldman Sachs 21,848.27 140 9.08%
4 Citi 20,314.82 150 8.45%
5 Barclays 20,050.35 130 8.34%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 BNP Paribas 29,169.70 123 6.95%
2 Barclays 24,443.95 77 5.82%
3 Deutsche Bank 23,576.99 69 5.62%
4 HSBC 23,022.54 96 5.49%
5 Citi 23,007.97 87 5.48%