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 Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%