Debut issuers to the fore as Premier Foods readies HY deal

Another debut borrower is set to tap Europe’s high yield market. Premier Foods, the UK’s biggest food producer, obtained first-time ratings on Monday to enable it to diversify from bank debt.

  • 18 Feb 2011

Premier Foods, which owns brands such as Hovis bread and Mr Kipling cakes, said it wanted to sell a bond this year. The firm has been rated Ba2/BB/BB.

The company, which released preliminary results on Tuesday, will be leveraged 2.9 times Ebitda once a £387m sale of its meat-free ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 142,180.40 623 7.02%
2 Bank of America Merrill Lynch 126,800.01 582 6.26%
3 Citi 114,788.05 607 5.66%
4 Goldman Sachs 94,228.53 399 4.65%
5 Barclays 89,649.42 397 4.42%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 24,789.49 114 8.87%
2 Barclays 21,221.42 83 7.60%
3 Deutsche Bank 18,530.93 78 6.63%
4 HSBC 16,938.83 77 6.06%
5 SG Corporate & Investment Banking 15,665.73 86 5.61%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,988.32 51 7.65%
2 Goldman Sachs 5,851.83 48 7.48%
3 Deutsche Bank 5,236.76 54 6.69%
4 Credit Suisse 4,633.16 52 5.92%
5 Barclays 4,263.74 37 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29,908.43 233 10.55%
2 Citi 23,833.79 189 8.41%
3 Bank of America Merrill Lynch 23,183.88 205 8.18%
4 Goldman Sachs 20,887.87 148 7.37%
5 Barclays 19,256.47 129 6.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 23,833.79 81 6.44%
2 HSBC 23,751.92 108 6.41%
3 Barclays 23,613.64 104 6.38%
4 BNP Paribas 23,234.24 113 6.27%
5 Citi 20,539.24 87 5.55%