Perstorp prints high yield subs with rare 10% coupon

Euro high yield bond buyers caught sight of a rare two digit coupon this week. Perstorp, the Swedish speciality chemicals group, priced its subordinated note with a 10% coupon.

  • By Victor Jimenez
  • 07 Dec 2017

Only three borrowers have issued bonds that pay coupons of 10% or above since January 2015, according to Dealogic data. The fourth is Perstorp, which this week sold a €515m five year, two tranche bond.

On Tuesday, it announced price guidance for its €235m non-call 1.5 year ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Dec 2017
1 JPMorgan 25,781.63 81 8.88%
2 BNP Paribas 19,187.84 118 6.61%
3 Goldman Sachs 15,285.33 62 5.26%
4 HSBC 14,724.27 93 5.07%
5 Deutsche Bank 14,455.35 83 4.98%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 36,665.71 285 10.74%
2 Citi 28,630.88 229 8.39%
3 Bank of America Merrill Lynch 28,305.35 246 8.29%
4 Goldman Sachs 24,712.66 181 7.24%
5 Barclays 22,906.34 151 6.71%