Pernod and Terna keep up brisk corporate supply

Europe’s corporate borrowers piled into the bond market for the second day running on Tuesday as Pernod Ricard and Terna launched deals worth a total of Eu2.25bn. UCB, meanwhile, priced a Eu300m unrated hybrid note.

  • 08 Mar 2011

French distiller Pernod, rated Ba1/BB+/BB+, was expected to print a Eu1bn six year deal in the afternoon at 193bp over mid-swaps, or a yield of about 5.1%.

Investors placed more than Eu3.5bn of orders for the bond, which followed a global investor call on Monday.

“Pernod’s in a deleveraging ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 164,138.10 712 7.22%
2 Bank of America Merrill Lynch 146,271.96 661 6.43%
3 Citi 128,351.45 682 5.65%
4 Goldman Sachs 104,714.74 443 4.61%
5 Barclays 98,747.37 444 4.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,647.62 134 8.82%
2 Barclays 23,676.33 96 7.29%
3 Deutsche Bank 21,735.71 91 6.69%
4 SG Corporate & Investment Banking 19,387.37 101 5.97%
5 HSBC 18,800.79 89 5.79%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,956.59 58 7.34%
2 Goldman Sachs 6,746.86 54 7.12%
3 Deutsche Bank 5,912.17 58 6.24%
4 Credit Suisse 5,767.09 60 6.09%
5 BNP Paribas 5,158.30 56 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,611.94 263 10.79%
2 Citi 26,772.36 213 8.59%
3 Bank of America Merrill Lynch 25,057.11 221 8.04%
4 Goldman Sachs 23,500.21 166 7.54%
5 Barclays 20,380.66 139 6.54%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 26,467.48 131 6.34%
2 Deutsche Bank 26,020.82 93 6.23%
3 Barclays 25,912.14 118 6.21%
4 HSBC 25,614.26 122 6.14%
5 Citi 22,829.99 98 5.47%