Soitec returns to equity-linked after share price run-up

Equity-linked investors got a second opportunity this week to buy new European paper when Soitec, the French maker of semiconductor materials, hit the market on Thursday with a €150m five year convertible bond.

  • By Aidan Gregory
  • 21 Jun 2018


Bookrunners BNP Paribas, Société Générale and Jefferies launched the sale early on Thursday morning, with a fixed 0% coupon and issue price of par, and an initial conversion premium range of 35% to 45% above the volume-weighted average price of the shares during bookbuilding.

Like Safran, which had ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,748.74 71 9.41%
2 JPMorgan 25,513.94 71 8.98%
3 Barclays 18,768.43 45 6.60%
4 BNP Paribas 18,637.66 36 6.56%
5 HSBC 17,801.34 54 6.26%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 5.00 1 100.00%
Subtotal 5.00 1 100.00%
Total 5.00 1 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 114.77 1 17.50%
1 BNP Paribas 114.77 1 17.50%
3 Commerzbank Group 65.85 2 10.04%
4 Oakley Advisory Ltd 64.52 1 9.84%
4 Barclays 64.52 1 9.84%