Gala shrinks ultra-low rated unsecured bond, offers 11.5%

UK gambling company Gala Coral on Thursday changed the structure of its planned bond issue to a more conservative one, offering a higher proportion of secured paper, and lowered the overall size of the issue from £650m to £625m. It will raise the extra £25m of debt through its parallel loan issue.

  • 19 May 2011

The lead managers have also released price talk. Credit Suisse and Barclays are global co-ordinators, with Goldman Sachs, Morgan Stanley, Deutsche Bank and HSBC also bookrunning.

The eight year senior unsecured tranche has been shrunk from £400m to £275m, with price guidance of around 11.5%. The seven year secured ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,606.50 25 7.67%
2 Citi 6,511.98 28 7.56%
3 Bank of America Merrill Lynch 4,899.82 22 5.69%
4 Barclays 4,571.59 20 5.31%
5 Mizuho 4,473.33 18 5.19%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Jan 2017
1 BNP Paribas 27,573.19 139 4.12%
2 Deutsche Bank 23,285.69 86 3.48%
3 Bank of America Merrill Lynch 20,513.02 77 3.06%
4 Barclays 20,162.58 77 3.01%
5 Citi 20,125.03 88 3.01%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Deutsche Bank 7,800.70 49 5.17%
2 Citi 6,458.14 23 4.28%
3 Goldman Sachs 6,353.41 38 4.21%
4 Barclays 5,713.46 35 3.78%
5 JPMorgan 4,221.50 35 2.80%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 JPMorgan 297.36 3 36.61%
2 RBC Capital Markets 85.86 2 10.57%
3 Wells Fargo Securities 85.71 1 10.55%
3 Mizuho 85.71 1 10.55%
3 Goldman Sachs 85.71 1 10.55%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Citi 1,719.55 7 10.93%
2 Mizuho 1,561.12 5 9.92%
3 BNP Paribas 951.16 5 6.05%
4 JPMorgan 868.57 2 5.52%
4 Bank of America Merrill Lynch 868.57 2 5.52%