P&G prints healthy trade in the shadow of larger deals

While Verizon and Danone amassed combined order books totalling more than €22.5bn on Monday, US consumer goods company Procter & Gamble returned to the euro market somewhat under the radar for its first deal in the currency in two years.

  • By Jon Hay, Nigel Owen
  • 26 Oct 2017

P&G, rated Aa3/AA-, chose Deutsche Bank, HSBC and Morgan Stanley as lead managers for its seven and 12 year euro outing, following the announcement of its quarterly results the previous week.

Two €500m no-grow tranches were bound to have rarity value with the company ...

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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%