RTE gets €2.75bn book for 20 year with tight premium

Corporate bonds that are executed on Fridays are often brought then to give issuers some space in crowded markets, but in an otherwise quiet week French electricity grid operator Réseau de Transport d’Électricité had little competition for investor attention last Friday as it printed the longest dated deal of the week.

  • By Nigel Owen
  • 19 Oct 2017

The issuer completed a four day European roadshow last Thursday, telling investors it was looking at a euro benchmark deal with a maximum 20 year tenor.

The lead managers on the RTE deal, Barclays, BNP Paribas, Citigroup, Crédit Mutuel CIC and MUFG, confirmed ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 76,064.87 362 5.94%
2 Bank of America Merrill Lynch 74,654.27 343 5.83%
3 Citi 62,267.71 352 4.86%
4 Barclays 58,729.13 218 4.58%
5 Goldman Sachs 51,079.98 204 3.99%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,740.11 80 9.75%
2 SG Corporate & Investment Banking 13,968.96 63 7.27%
3 Deutsche Bank 12,777.94 56 6.65%
4 UniCredit 10,968.94 48 5.71%
5 HSBC 10,482.96 60 5.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,647.43 42 7.16%
2 Goldman Sachs 3,642.87 28 7.15%
3 JPMorgan 3,279.22 34 6.44%
4 Deutsche Bank 3,153.00 28 6.19%
5 Credit Suisse 2,939.41 27 5.77%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,575.71 111 9.62%
2 Citi 10,815.50 91 7.67%
3 Goldman Sachs 9,536.47 76 6.76%
4 Bank of America Merrill Lynch 9,455.18 88 6.70%
5 Barclays 9,449.01 71 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,622.23 78 6.63%
2 HSBC 18,375.09 79 6.21%
3 Barclays 17,915.82 53 6.05%
4 Citi 15,926.05 64 5.38%
5 JPMorgan 15,860.55 55 5.36%