Sub-benchmark size rings no alarms for Securitas investors

The taboos that hobbled Europe’s corporate bond market in the nervous days of the autumn included an aversion to smaller, illiquid deals. That objection has now gone, as Swedish security company Securitas demonstrated on Tuesday with a heavily oversubscribed €350m bond issue.

  • 24 Feb 2012

The company’s CEO led an investor call on Monday afternoon to prepare for the deal, and then bookrunners Citigroup, ING and SEB took feedback from investors.

As expected, Securitas, rated BBB+ by Standard & Poor’s, went for a five year maturity when it announced the deal. "It was ...

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Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 164,138.10 712 7.22%
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1 BNP Paribas 28,647.62 134 8.82%
2 Barclays 23,676.33 96 7.29%
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5 HSBC 18,800.79 89 5.79%

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  • Today
1 JPMorgan 6,956.59 58 7.34%
2 Goldman Sachs 6,746.86 54 7.12%
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5 BNP Paribas 5,158.30 56 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 33,611.94 263 10.79%
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3 Bank of America Merrill Lynch 25,057.11 221 8.04%
4 Goldman Sachs 23,500.21 166 7.54%
5 Barclays 20,380.66 139 6.54%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 19 Nov 2017
1 BNP Paribas 26,467.48 131 6.34%
2 Deutsche Bank 26,020.82 93 6.23%
3 Barclays 25,912.14 118 6.21%
4 HSBC 25,614.26 122 6.14%
5 Citi 22,829.99 98 5.47%