Unilever Spreads’ €7bn LBO ready for ‘wobbly markets’

Bookrunners will start marketing the financing for KKR’s buyout of Unilever’s spread business as soon as next week, with the European high yield bond and the leveraged loan market both braced for supply.

  • By Victor Jimenez
  • 14 Feb 2018
Yields on high yield benchmark indices have widened around 20bp since last week to about 280bp at the start of this week, according to data from research firm CreditSights. But investors speaking to GlobalCapital believe demand for

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,565.51 5 8.52%
2 Citi 1,439.08 6 7.83%
3 Credit Suisse 1,240.24 4 6.75%
4 Deutsche Bank 1,035.28 3 5.63%
5 ING 1,017.89 3 5.54%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 807.11 8 8.36%
2 Morgan Stanley 732.63 4 7.59%
3 Goldman Sachs 657.29 6 6.81%
4 Credit Suisse 577.70 7 5.99%
5 JPMorgan 572.76 6 5.93%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,599.75 33 9.08%
2 Citi 4,085.51 32 8.06%
3 Credit Suisse 3,662.10 25 7.23%
4 Wells Fargo Securities 3,248.55 24 6.41%
5 Bank of America Merrill Lynch 2,721.10 26 5.37%