Gazing Into Lyondell's Future Traders See Bonds

  • 09 Jun 2002
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Some market players say a bond deal may be ahead for Lyondell Chemical. The company recently filed a shelf registration for up to $3.335 billion in debt or equity securities. That move, combined with a red-hot bond market and the non-call provision on the company's term loan "E" expiring last month, have investors looking for a bond deal that is going to pay down some of the company's bank debt.

Lyondell's term loan "E" has a call protection of 102, although the paper was being quoted at 100 1/2 ­ 101. The $850 million loan, currently priced at LIBOR plus 43/ 8%, is set to mature in June 2006. One dealer said that the company is having a bank meeting next week. Doug Pike, the company's recently appointed director of investor relations, could not comment on whether or not a bond deal was in the works.

 

  • 09 Jun 2002

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%