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  • The winners: GlobalCapital High Yield Bond Awards 2017

    GlobalCapital is delighted to announce the winners of its High Yield Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

    • 24 May 2017

  • HY looks to Lindorff billions but supply to stay limited

    The euro high yield market was dining on small portions this week, and there's little prospect of a sustained return to high volumes — despite the two chunky deals expected soon.

    • 25 May 2017
  • Towergate tailors high yield deal to morph into Kirs

    A group of private equity firms have joined forces to merge UK insurance broker Towergate and four peers into a new industry player called Kirs, and this week launched a £800m bond to back the move.

    • 25 May 2017
  • Ineos to use some bank debt for Dong acquisition

    Ineos is likely to use some bank debt for its $1bn acquisition of Dong Energy’s upstream North Sea oil and gas business, and is also engaging in a $250m vendor loan note provided by Dong.

    • 25 May 2017
  • Melita-Vodafone Malta tie up to bring €360m of debt

    Apax Partners and Fortino Capital have mandated banks for a €360m debt package to finance the merger of Maltese telecom firm Melita and Vodafone Malta.

    • 26 May 2017
  • PortAventura lines up €620m refi and div recap loan

    PortAventura, the Spanish theme park operator, has scheduled a bank meeting for Thursday morning in London for a €620m seven year term loan ‘B’ refinancing and dividend recapitalisation.

    • 24 May 2017
  • Long investor queues for Heathrow’s HY deal

    UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.

    • 24 May 2017
  • Hensoldt appears on levloan radar as market heats up again

    Hensoldt, the KKR-owned defence electronics firm, held a lender call on Wednesday morning for a €170m incremental term loan, following its acquisition of avionics business EuroAvionics. The deal comes as some investors are concerned the leveraged loan market could return to the extreme conditions of earlier in the year.

    • 25 May 2017
  • Douglas puts €300m term loan in shop window

    CVC owned Douglas, the German retailer, held a lender call on Wednesday for a €300m incremental term loan, backing its acquisition of Leading Luxury Group, the Italian beauty chain.

    • 23 May 2017
  • Avaloq, Element release price guidance as Verallia hits 300bp

    Swiss fintech firm Avaloq released price guidance on its Sfr410m-equivalent of euro loans this week in a deal backing Warburg Pincus’s minority investment at a valuation of over Sfr1bn. It follows French packaging firm Verllia’s repricing of its €1.375bn term loan down to 300bp on Monday.

    • 23 May 2017
  • JP Morgan rolls out HY fund for UK pension scheme

    Nest, the UK national employment savings trust, has become the latest in “a flurry” of buyers to move into high yield bonds.

    • 22 May 2017

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
24-May-17Heathrow Finance plc 01-Mar-27£2753.875%
18-May-17Iron Mountain Inc 15-Jan-253003%
18-May-17Premier Foods Finance plc 15-Jul-22£2103-mth Libor +500bp
17-May-17K+S AG 06-Apr-232252.625%
15-May-17CNH Industrial Finance Europe SA23-May-225001.375%


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 5,003.18 13 8.74%
2 Deutsche Bank 4,881.33 25 8.53%
3 JPMorgan 4,826.81 11 8.44%
4 Bank of America Merrill Lynch 4,337.47 13 7.58%
5 BNP Paribas 3,160.34 16 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Deutsche Bank 3,271.23 30 8.16%
2 JPMorgan 3,230.36 27 8.06%
3 Citi 2,868.23 17 7.16%
4 Barclays 2,733.11 21 6.82%
5 Goldman Sachs 2,620.59 22 6.54%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 5,003.18 13 8.74%
2 Deutsche Bank 4,881.33 25 8.53%
3 JPMorgan 4,826.81 11 8.44%
4 Bank of America Merrill Lynch 4,337.47 13 7.58%
5 BNP Paribas 3,160.34 16 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Deutsche Bank 3,271.23 30 8.16%
2 JPMorgan 3,230.36 27 8.06%
3 Citi 2,868.23 17 7.16%
4 Barclays 2,733.11 21 6.82%
5 Goldman Sachs 2,620.59 22 6.54%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 May 2017
1 JPMorgan 15,642.64 116 12.03%
2 Bank of America Merrill Lynch 11,985.87 100 9.21%
3 Citi 11,558.90 86 8.89%
4 Goldman Sachs 10,013.87 71 7.70%
5 Barclays 7,309.82 50 5.62%