McDonald’s breaks coupon record with two trancher

With the speed normally associated with a double bacon cheesburger and a McFlurry, McDonald’s slapped together an opportunistic 10s and 30s bond issue to exploit record low yields.

  • 30 Jul 2010

The 3.5% $450m senior unsecured tranche was the lowest coupon for a 10 year trade since records began, according to Dealogic. The 4.78% $350m tranche equalled the record low coupon for a 30 year deal.

Aggregate demand for A3/A rated McDonald’s peaked at $7bn, with price tightening sifting the ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 130,469.93 567 7.21%
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3 Citi 103,173.07 535 5.70%
4 Goldman Sachs 85,407.58 350 4.72%
5 Barclays 80,829.81 352 4.47%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 22,478.98 101 8.71%
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3 Deutsche Bank 17,616.63 72 6.83%
4 HSBC 15,843.10 70 6.14%
5 SG Corporate & Investment Banking 14,434.81 77 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 5,335.13 43 7.91%
2 Goldman Sachs 4,721.48 37 7.00%
3 Deutsche Bank 4,563.62 43 6.77%
4 Credit Suisse 4,353.57 48 6.46%
5 Barclays 4,075.90 34 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 27,103.08 212 10.83%
2 Citi 21,001.57 166 8.39%
3 Bank of America Merrill Lynch 20,920.58 185 8.36%
4 Goldman Sachs 18,379.20 132 7.34%
5 Morgan Stanley 17,410.41 103 6.96%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Deutsche Bank 22,857.42 74 6.70%
2 HSBC 22,396.75 99 6.56%
3 Barclays 21,691.19 94 6.36%
4 BNP Paribas 21,322.17 102 6.25%
5 Citi 19,362.38 80 5.68%