Fiat HY bonds appeal in flourishing Euro market

Fallen angel Fiat Finance & Trade issued a Eu1.25bn five year bond today, as investors clamoured for paper in the reopened corporate bond market after a quiet August. The central treasury vehicle of the Italian car firm (Ba1/BB+/BB+) priced the deal to yield 7.75% as demand outstripped expectations.

  • 08 Sep 2009

BNP Paribas, Royal Bank of Scotland and Société Générale built a book of nearly Eu8bn from around 500 accounts after they had released yield guidance of 7.75% to 8%. The level of oversubscription allowed them to price at the tight end of this range.

“This seems to have been ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%