Luxottica shades it as Italians get busy

Italian borrowers provided the bulk of European corporate bond supply in the first half of the week. Luxottica, the sunglasses maker and owner of Ray-Ban and Oakley, sold a debut Eurobond, while Edison, the country’s second biggest utility, priced a Eu600m seven year deal a day after being downgraded by Standard & Poor’s.

  • 05 Nov 2010

Luxottica, which is unrated, has mostly funded itself in the US private placement market, given that 60% of its revenues come from North America. But it wanted to tap euro investors to diversify its funding base and lengthen its maturities.

The company went on a four-day roadshow last month, ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 JPMorgan 96,004.47 420 7.05%
2 Bank of America Merrill Lynch 83,574.87 384 6.14%
3 Citi 79,150.47 398 5.82%
4 Barclays 64,960.22 277 4.77%
5 Deutsche Bank 61,725.14 258 4.54%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 BNP Paribas 18,886.68 80 9.00%
2 Barclays 16,575.05 61 7.90%
3 Deutsche Bank 15,098.70 57 7.20%
4 HSBC 12,906.84 56 6.15%
5 SG Corporate & Investment Banking 12,165.97 62 5.80%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 5,095.99 40 8.35%
2 Goldman Sachs 4,273.93 33 7.01%
3 Deutsche Bank 4,159.17 38 6.82%
4 Credit Suisse 3,915.70 42 6.42%
5 Barclays 3,740.83 31 6.13%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 21,273.54 160 11.24%
2 Citi 17,526.81 129 9.26%
3 Bank of America Merrill Lynch 15,607.84 134 8.24%
4 Goldman Sachs 13,221.26 95 6.98%
5 Barclays 13,207.72 84 6.98%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 BNP Paribas 17,949.66 81 6.87%
2 Deutsche Bank 17,622.26 57 6.74%
3 HSBC 16,803.90 77 6.43%
4 Barclays 16,166.69 72 6.19%
5 Citi 15,341.21 64 5.87%