Sixt sells carbon copy for latest biennial bond issue

German car rental and leasing company Sixt sold just the second corporate bond issue of the week when it copied the format of its four previous deals, which the company has sold at two year intervals.

  • By Nigel Owen
  • 15 Feb 2018
The unrated issuer started its approach to funding in 2010, when it sold a €250m six year bond with a 4.125% coupon. In 2012 it also sold €250m with the same tenor, but at a spread of 225bp over mid-swaps, which carried a 3.75% coupon.

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5 Barclays 32,509.94 125 4.65%

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5 HSBC 6,903.62 39 6.22%

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5 Morgan Stanley 1,375.83 10 5.42%

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1 JPMorgan 9,128.85 70 9.67%
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5 Credit Suisse 6,011.71 44 6.37%

Bookrunners of European Corporate IG Bonds

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1 BNP Paribas 9,718.26 43 6.27%
2 Citi 9,615.13 40 6.20%
3 JPMorgan 9,533.28 34 6.15%
4 Goldman Sachs 8,943.16 20 5.77%
5 Deutsche Bank 8,857.89 36 5.71%