Fitch: Petrol AD’s extension is distressed exchange

Fitch says it considers the recently implemented three month maturity extension of Bulgarian company Petrol AD’s €87m bond a distressed debt exchange.

  • 21 Oct 2011

As a result, the agency is likely to downgrade Petrol AD’s long term issuer default rating (IDR) to RD (restricted default) from C on October 26, 2011, the original maturity date of the 8.37% bond.

The senior unsecured rating of the fuel distribution company’s notes is likely to be ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 131,879.09 573 7.20%
2 Bank of America Merrill Lynch 118,834.05 539 6.48%
3 Citi 103,683.75 539 5.66%
4 Goldman Sachs 85,888.86 353 4.69%
5 Barclays 81,514.46 357 4.45%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 22,478.98 101 8.71%
2 Barclays 19,796.44 75 7.67%
3 Deutsche Bank 17,616.63 72 6.83%
4 HSBC 15,843.10 70 6.14%
5 SG Corporate & Investment Banking 14,434.81 77 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,335.13 43 7.86%
2 Goldman Sachs 4,801.82 38 7.07%
3 Deutsche Bank 4,643.96 44 6.84%
4 Credit Suisse 4,353.57 48 6.41%
5 Barclays 4,156.24 35 6.12%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,143.08 213 10.83%
2 Citi 21,041.57 167 8.39%
3 Bank of America Merrill Lynch 20,960.58 186 8.36%
4 Goldman Sachs 18,419.20 133 7.35%
5 Morgan Stanley 17,410.41 103 6.94%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,857.42 74 6.70%
2 HSBC 22,396.75 99 6.56%
3 Barclays 21,691.19 94 6.36%
4 BNP Paribas 21,322.17 102 6.25%
5 Citi 19,362.38 80 5.68%