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 114,167.46 483 7.16%
2 Bank of America Merrill Lynch 103,546.85 453 6.50%
3 Citi 89,161.29 456 5.59%
4 Goldman Sachs 76,022.01 308 4.77%
5 Barclays 72,797.16 313 4.57%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 20,370.84 87 8.99%
2 Barclays 17,722.23 65 7.82%
3 Deutsche Bank 15,688.73 60 6.92%
4 HSBC 13,777.20 59 6.08%
5 SG Corporate & Investment Banking 12,521.92 64 5.53%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,994.70 40 8.04%
2 Goldman Sachs 4,312.69 35 6.95%
3 Deutsche Bank 4,249.17 39 6.84%
4 Barclays 3,956.08 33 6.37%
5 Citi 3,884.06 28 6.26%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,067.99 186 10.79%
2 Citi 19,404.77 149 8.70%
3 Bank of America Merrill Lynch 17,997.02 158 8.07%
4 Goldman Sachs 17,038.94 119 7.64%
5 Barclays 15,537.71 103 6.97%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 20,529.33 63 6.90%
2 HSBC 19,637.33 84 6.60%
3 BNP Paribas 19,521.34 89 6.56%
4 Barclays 19,276.49 80 6.48%
5 Citi 17,718.43 69 5.96%