New Corporates

The primary market picked up a bit from recent weeks. Although some deals were still getting pulled, many others got done and were priced correctly.

  • 28 May 2004
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The primary market picked up a bit from recent weeks. Although some deals were still getting pulled, many others got done and were priced correctly.  Investors said there were a variety of deals to pick from and more demand was seen in the market.  
 
Herbst Gaming, a Nevada casino and gas station operator, planned to sell $150 million in senior subordinated notes due in ’12, with the proceeds being used to refinance an existing deal. Price talk is 8 to 8 1/4%. At a rating of B3/B-, that level is rather low, according to a buy-side gaming analyst. Lehman Brothers is the sole underwriter for the deal.
 
Autocam Corp., an auto parts maker, sold $140 million of 10-year senior subordinated notes through Goldman Sachs and Citigroup Global Markets. The B3/B- notes were priced at 10.875%. Diane Keefe, portfolio manager at Pax World Management in New York, said she did not participate because Autocam’s capital expenditure to EBITDA ratio is too high. Other investors said they are concerned the auto supply sector will go through a slow period because car inventory is currently high.
  • 28 May 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%