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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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2016
1 Bank of America Merrill Lynch 113,774.07 425 6.43%
2 JPMorgan 109,404.73 422 6.18%
3 Citi 95,555.99 385 5.40%
4 Deutsche Bank 79,347.73 291 4.49%
5 Barclays 78,959.53 299 4.46%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 BNP Paribas 19,715.04 88 3.97%
2 Deutsche Bank 18,371.85 61 3.70%
3 Bank of America Merrill Lynch 16,635.29 55 3.35%
4 Barclays 15,391.20 53 3.10%
5 SG Corporate & Investment Banking 14,908.41 74 3.00%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 Deutsche Bank 6,313.30 34 10.58%
2 Citi 5,853.99 16 9.81%
3 Goldman Sachs 5,415.14 29 9.07%
4 Barclays 4,764.33 23 7.98%
5 JPMorgan 3,338.62 26 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 JPMorgan 21,535.02 164 5.39%
2 Bank of America Merrill Lynch 19,875.05 135 4.98%
3 Barclays 17,711.85 109 4.43%
4 Deutsche Bank 16,934.50 99 4.24%
5 Citi 16,922.51 120 4.24%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 BNP Paribas 22,368.10 81 6.80%
2 Deutsche Bank 20,396.32 53 6.20%
3 Barclays 19,969.91 53 6.07%
4 Citi 17,630.92 65 5.36%
5 HSBC 16,543.43 69 5.03%