Pirelli and TenneT prepare rare deals as Thames Water gets £500m

Pirelli and TenneT said this week they would go on roadshows, with each expected to launch a deal afterwards. The announcements gave bankers hope of an increase in supply from Europe’s corporate borrowers — the market continued to be quiet on Wednesday, with Thames Water the only one to launch a bond.

  • 02 Feb 2011

Unrated Pirelli will start its roadshow in Milan on Friday. Banca IMI, Barclays Capital, Mediobanca, Société Générale and UniCredit are arranging the meetings.

No details have been announced about the company’s preferred size or tenor. But its board in late July approved a bond of up to Eu800m and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Mar 2017
1 JPMorgan 26,801.25 116 7.23%
2 Citi 24,294.27 107 6.55%
3 Bank of America Merrill Lynch 23,745.51 112 6.41%
4 Deutsche Bank 21,936.54 80 5.92%
5 Barclays 18,739.72 76 5.06%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 BNP Paribas 7,741.23 34 9.96%
2 Deutsche Bank 6,409.32 21 8.25%
3 Barclays 5,176.15 25 6.66%
4 HSBC 5,003.70 23 6.44%
5 Citi 4,576.17 26 5.89%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Citi 2,417.98 11 10.88%
2 Deutsche Bank 2,229.13 17 10.03%
3 Bank of America Merrill Lynch 1,908.90 13 8.59%
4 JPMorgan 1,733.98 11 7.80%
5 Barclays 1,569.70 11 7.06%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 11,150.67 77 12.59%
2 Citi 8,073.45 55 9.11%
3 Bank of America Merrill Lynch 7,652.39 65 8.64%
4 Goldman Sachs 6,155.05 45 6.95%
5 Credit Suisse 5,502.63 40 6.21%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 BNP Paribas 8,202.93 31 9.23%
2 Deutsche Bank 6,868.10 19 7.73%
3 Citi 6,086.67 25 6.85%
4 JPMorgan 4,814.18 17 5.42%
5 HSBC 4,304.73 21 4.84%