Barclay brothers stay quiet on Shop Direct dividends

Shop Direct’s sterling high yield bonds dropped this week as investors balked at cash distributions being made to the company’s shareholders, David and Frederick Barclay. The brothers did not comment on the company’s dividends in a statement on Friday.

  • By Victor Jimenez
  • 25 May 2018

Shop Direct’s £550m five year non-call two secured notes have fallen about 15 points to 70 in the secondary market during the past three days, after investors became aware of the size of cash distributions being made to the company’s shareholders, the billionaire Barclay brothers.

On Wednesday, UK online ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 9,214.95 32 6.94%
2 Credit Agricole CIB 9,005.35 34 6.78%
3 Deutsche Bank 7,673.16 25 5.78%
4 Goldman Sachs 7,228.76 27 5.44%
5 Barclays 7,034.84 23 5.30%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,908.04 34 7.69%
2 JPMorgan 2,667.48 29 7.05%
3 Credit Suisse 2,342.19 23 6.19%
4 Goldman Sachs 2,130.55 21 5.63%
5 Deutsche Bank 1,993.88 21 5.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,362.60 98 9.89%
2 Citi 9,045.27 76 7.23%
3 Barclays 8,801.09 64 7.04%
4 Bank of America Merrill Lynch 8,770.59 82 7.01%
5 Goldman Sachs 8,019.67 66 6.41%