LVMH and Iberdrola mobbed by investors

Europe’s corporate bond investors flocked to Eu1.75bn-worth of deals from LVMH Moet Hennessy Louis Vuitton and Iberdrola on Wednesday, placing about Eu12bn of orders.

  • 30 Mar 2011

French luxury goods firm LVMH, rated A- by Standard & Poor’s, was set to price a Eu1bn note, equally split between four and seven year tranches, in the afternoon.

The shorter tranche, which picked up just under Eu4bn of orders, will be priced at 55bp over mid-swaps, the tight ...

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All Corporate Bonds

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5 Barclays 81,514.46 357 4.45%

Bookrunners of Euro Denominated Corporate IG Bonds

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4 HSBC 15,843.10 70 6.07%
5 SG Corporate & Investment Banking 14,554.56 78 5.58%

Bookrunners of European HY Bonds

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Bookrunners of Dollar Denominated HY Bonds

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5 Morgan Stanley 17,410.41 103 6.94%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 22,628.04 74 6.64%
2 HSBC 22,246.60 98 6.52%
3 BNP Paribas 21,794.95 106 6.39%
4 Barclays 21,638.43 92 6.35%
5 Citi 19,224.66 78 5.64%