Fresenius’ old magic gets it 5.25% coupon

German kidney dialysis specialist Fresenius Medical Care this week reopened the European high yield primary market in both dollars and euros, bringing the first deals in either currency since November 2011 — and the largest ever transaction for the company.

  • 20 Jan 2012
The high yield veteran raised $1.823bn (€1.409bn) between the two currencies and managed to price its €250m of 7.5 year senior notes inside guidance at 5.25% on Wednesday. Bookrunners Deutsche Bank, Bank of America Merrill Lynch, Crédit Agricole and UniCredit had released price talk in the 5.375% area ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 129,269.31 559 7.25%
2 Bank of America Merrill Lynch 116,844.07 527 6.55%
3 Citi 102,446.44 529 5.74%
4 Goldman Sachs 85,119.89 347 4.77%
5 Barclays 80,200.18 348 4.49%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 22,124.11 100 8.73%
2 Barclays 19,647.01 74 7.76%
3 Deutsche Bank 17,369.20 70 6.86%
4 HSBC 15,446.24 67 6.10%
5 SG Corporate & Investment Banking 14,434.81 77 5.70%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,335.13 43 7.91%
2 Goldman Sachs 4,721.48 37 7.00%
3 Deutsche Bank 4,563.62 43 6.77%
4 Credit Suisse 4,353.57 48 6.46%
5 Barclays 4,075.90 34 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,677.53 209 10.82%
2 Citi 20,598.64 163 8.36%
3 Bank of America Merrill Lynch 20,434.33 181 8.29%
4 Goldman Sachs 18,169.20 130 7.37%
5 Morgan Stanley 17,353.91 102 7.04%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,260.86 71 6.71%
2 HSBC 21,999.17 96 6.64%
3 Barclays 21,487.74 90 6.48%
4 BNP Paribas 20,967.30 101 6.32%
5 Citi 18,975.16 77 5.72%