Ithaca pulls $350m high yield offering

North Sea oil and gas operator Ithaca Energy cancelled a planned $350m junk bond on Tuesday, citing "market terms and conditions", after it had earlier tightened covenants on the deal.

  • By David Bell
  • 22 May 2018

The energy firm had been looking to refinance its 2019 senior notes with a new five year non-call two senior secured bond. The new debt would have also paid down drawings on its reserves based lending facility and other indebtedness.

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 1,517.16 8 7.69%
2 Goldman Sachs 1,495.21 6 7.58%
3 Credit Agricole CIB 1,179.51 9 5.98%
4 BNP Paribas 1,084.57 11 5.50%
5 Bank of America Merrill Lynch 1,011.25 5 5.13%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 849.80 7 9.30%
2 JPMorgan 703.06 6 7.69%
3 Deutsche Bank 636.38 4 6.97%
4 BNP Paribas 604.64 5 6.62%
5 Goldman Sachs 489.41 4 5.36%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,643.05 50 10.93%
2 JPMorgan 6,601.02 49 9.44%
3 Bank of America Merrill Lynch 5,031.63 36 7.19%
4 Goldman Sachs 4,767.07 33 6.81%
5 Credit Suisse 4,456.07 30 6.37%