Ardagh to provide euro HY test in bid to repay bank debt

Ardagh Glass is this week roadshowing the largest euro denominated high yield bond so far in 2009. The privately-owned Irish glass container firm is planning to use the Eu300m proceeds to pay down some of its bank debt, following an increasing number of borrowers using the bond markets to refinance or repay loans.

  • 15 Jun 2009

The new issue is a “bank disintermediation trade”, said a source close to the deal. Ardagh is trying to reduce its reliance on its usual Irish bank lenders, he said.

The seven year non call four year issue will be used to repay Eu150m of senior bank debt and ...

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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%