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 ...

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
  • 29 Aug 2016
1 Bank of America Merrill Lynch 98,746.56 360 6.37%
2 JPMorgan 95,869.49 356 6.18%
3 Citi 84,235.97 337 5.43%
4 Deutsche Bank 70,599.67 249 4.55%
5 Barclays 69,387.97 259 4.47%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 BNP Paribas 15,981.42 72 7.45%
2 Deutsche Bank 15,667.73 49 7.31%
3 Bank of America Merrill Lynch 14,438.78 43 6.73%
4 SG Corporate & Investment Banking 13,406.34 64 6.25%
5 Barclays 13,198.29 43 6.16%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 Goldman Sachs 5,027.09 25 10.60%
2 Deutsche Bank 5,009.34 30 10.56%
3 Citi 4,119.78 13 8.69%
4 Barclays 3,601.58 19 7.59%
5 JPMorgan 2,803.14 20 5.91%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 JPMorgan 19,800.31 147 11.07%
2 Bank of America Merrill Lynch 17,389.63 118 9.72%
3 Barclays 15,694.41 95 8.77%
4 Goldman Sachs 15,523.50 95 8.68%
5 Deutsche Bank 15,320.36 90 8.56%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 Deutsche Bank 16,880.83 41 6.48%
2 BNP Paribas 16,468.78 63 6.32%
3 Barclays 15,847.21 44 6.08%
4 HSBC 13,691.31 58 5.25%
5 SG Corporate & Investment Banking 13,379.31 59 5.13%