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Corp Bonds

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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1 JPMorgan 72,725.93 281 7.93%
2 Bank of America Merrill Lynch 68,136.68 268 7.43%
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5 Citi 49,629.93 241 5.41%

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  • 19 May 2015
1 Barclays 15,102.26 45 4.81%
2 HSBC 12,643.01 57 4.03%
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4 Deutsche Bank 12,254.16 44 3.90%
5 SG Corporate & Investment Banking 10,181.32 44 3.24%

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Rank Lead Manager Amount €m No of issues Share %
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  • 19 May 2015
1 Deutsche Bank 4,210.17 31 3.91%
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3 JPMorgan 3,869.32 29 3.60%
4 Barclays 3,287.19 22 3.05%
5 Citi 3,279.97 20 3.05%

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Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 16,515.10 95 10.59%
2 Bank of America Merrill Lynch 13,984.85 104 8.97%
3 Deutsche Bank 12,783.79 79 8.20%
4 Credit Suisse 12,272.50 80 7.87%
5 Goldman Sachs 12,105.57 72 7.76%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Barclays 16,058.12 43 4.87%
2 HSBC 12,048.46 51 3.65%
3 SG Corporate & Investment Banking 10,140.95 41 3.07%
4 BNP Paribas 9,908.10 54 3.00%
5 Deutsche Bank 9,904.47 36 3.00%