Salt Mobile gets cool reception for 10 year bond to repay FRN

Swiss telecom group Salt Mobile printed a high yield fixed rate issue on Tuesday, its second deal this year, as it replaced floating rate notes with new bonds. They were priced at the wide end of guidance.

  • By Victor Jimenez
  • 14 Nov 2017

In the first nine months of this year, gross issuance in the European high yield bond market jumped by some 52% compared to the same period of 2016, Moody’s data shows.

Salt Mobile was part of the surge. In March, it sold €117m of senior unsecured bonds ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,388.71 99 8.63%
2 BNP Paribas 22,463.54 135 6.38%
3 Deutsche Bank 17,970.47 100 5.10%
4 Goldman Sachs 17,954.81 74 5.10%
5 HSBC 16,143.35 101 4.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 413.98 4 10.03%
2 BNP Paribas 327.97 2 7.94%
3 JPMorgan 315.65 2 7.65%
3 Goldman Sachs 315.65 2 7.65%
5 Morgan Stanley 300.05 2 7.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,520.60 13 8.56%
2 Wells Fargo Securities 1,464.08 13 8.24%
3 Bank of America Merrill Lynch 1,439.21 14 8.10%
4 JPMorgan 1,316.62 12 7.41%
5 Morgan Stanley 1,261.20 10 7.10%