VW places €600m SSD with single investor

Volkswagen Financial Services has raised €600m through a Schuldschein placed with a single investor. The benchmark, which took the market by surprise, left many with more questions than answers.

  • By Silas Brown
  • 12 Jan 2018

Citi, the sole lead on the transaction, has arranged only a handful of Schuldschein before, the most recent being a €245m four year deal for US paint and coatings maker Sherwin-Williams in September last year.

Asked whether the deal was prompted by a reverse enquiry, Bernd Bode, head of ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 75,115.22 358 5.94%
2 Bank of America Merrill Lynch 74,006.89 341 5.85%
3 Citi 61,589.09 349 4.87%
4 Barclays 58,496.99 217 4.62%
5 Goldman Sachs 49,974.90 202 3.95%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,045.93 79 9.44%
2 SG Corporate & Investment Banking 13,968.96 63 7.31%
3 Deutsche Bank 12,777.94 56 6.69%
4 UniCredit 10,968.94 48 5.74%
5 HSBC 10,482.96 60 5.49%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,365.73 40 7.10%
2 JPMorgan 3,080.85 33 6.49%
3 Deutsche Bank 2,871.30 26 6.05%
4 Credit Suisse 2,741.05 26 5.78%
5 Goldman Sachs 2,694.50 26 5.68%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,441.09 110 9.68%
2 Citi 10,547.56 89 7.59%
3 Goldman Sachs 9,401.85 75 6.77%
4 Bank of America Merrill Lynch 9,320.56 87 6.71%
5 Barclays 9,314.40 70 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,928.06 77 6.44%
2 Barclays 17,915.82 53 6.10%
3 HSBC 17,859.84 77 6.08%
4 Citi 15,926.05 64 5.42%
5 JPMorgan 15,445.30 54 5.26%