Petrobras welcomed in sterling as deal reaches £700m

Petrobras, the Brazilian national oil company, completed the second leg of its European funding exercise today with a £700m 15 year issue that was priced at 370bp over Gilts.

  • 02 Dec 2011

The lead managers declined to comment, citing SEC restrictions, but the sale clearly went well, as evidenced by the large size for the sterling market and pricing at the tight end of the 370bp-375bp guidance over the March 2025 Gilt.

The sterling bond is part of a funding foray ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 141,968.41 621 7.09%
2 Bank of America Merrill Lynch 126,360.65 578 6.31%
3 Citi 113,328.50 599 5.66%
4 Goldman Sachs 93,656.23 393 4.68%
5 Barclays 88,911.66 394 4.44%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 24,553.43 113 8.90%
2 Barclays 21,105.51 82 7.65%
3 Deutsche Bank 18,530.93 78 6.72%
4 HSBC 16,938.83 77 6.14%
5 SG Corporate & Investment Banking 15,549.67 85 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 5,988.32 51 7.85%
2 Goldman Sachs 5,669.99 45 7.43%
3 Deutsche Bank 5,047.48 51 6.61%
4 Credit Suisse 4,633.16 52 6.07%
5 Barclays 4,263.74 37 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 29,820.93 232 10.59%
2 Citi 23,746.29 188 8.43%
3 Bank of America Merrill Lynch 22,954.16 203 8.15%
4 Goldman Sachs 20,887.87 148 7.42%
5 Barclays 19,256.47 129 6.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Deutsche Bank 23,833.79 81 6.52%
2 HSBC 23,751.92 108 6.50%
3 Barclays 23,497.73 103 6.43%
4 BNP Paribas 22,998.19 112 6.29%
5 Citi 20,118.07 85 5.50%