South African casino brings first rand Pik in empowerment LBO

Peermont Global, the South African casino and resort operator, is roadshowing a pioneering R5.9bn (Eu600m) bond package to finance its leveraged buy-out.

  • 13 Apr 2007

Bookrunner Citigroup is offering a seven year senior secured bond in euros, worth the equivalent of R4.979bn, or about Eu516m. The other tranche will be in rand — R887m (Eu92m) of eight year senior payment-in-kind (Pik) notes.

"This is a landmark deal," said Andrew Watkins-Ball, head of high ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,951.43 72 7.21%
2 BNP Paribas 15,800.30 101 6.35%
3 Goldman Sachs 14,057.92 58 5.65%
4 HSBC 13,442.80 86 5.40%
5 Deutsche Bank 12,920.94 75 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,988.32 51 7.65%
2 Goldman Sachs 5,851.83 48 7.47%
3 Deutsche Bank 5,236.76 54 6.69%
4 Credit Suisse 4,633.16 52 5.92%
5 Barclays 4,263.74 37 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,278.08 235 10.60%
2 Citi 24,061.64 191 8.42%
3 Bank of America Merrill Lynch 23,183.88 205 8.11%
4 Goldman Sachs 21,207.87 149 7.42%
5 Barclays 19,256.47 129 6.74%