Eskom $1bn 6.35% Aug 28, $500m 8.45% Aug 28

  • By Lewis McLellan
  • 03 Aug 2018

Rating: B2/CCC+/BB-                          

Amount: $1bn guaranteed, $500m non-guaranteed, Reg S/144A

Maturity: 10 August 2028

Issue/reoffer price: 100, 100

Coupon: 6.35%, 8.45%

Spread at reoffer: 336.4bp and546.4bp over UST 2.875% 05/28

Launched: Thursday, August 2

Payment date: August 10

Joint books: Barclays, JP Morgan, Standard Bank and Absa


Bookrunners’ comments:

South Africa turned ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 304,500.91 1183 8.05%
2 JPMorgan 297,722.75 1300 7.87%
3 Bank of America Merrill Lynch 278,326.06 937 7.35%
4 Barclays 230,541.51 857 6.09%
5 Goldman Sachs 206,469.72 679 5.46%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 43,227.81 174 7.04%
2 JPMorgan 38,825.76 78 6.32%
3 Credit Agricole CIB 33,071.14 158 5.38%
4 UniCredit 32,366.25 145 5.27%
5 SG Corporate & Investment Banking 31,330.98 120 5.10%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,024.03 55 8.90%
2 Goldman Sachs 12,162.67 59 8.31%
3 Citi 9,480.20 54 6.48%
4 Morgan Stanley 8,083.13 49 5.52%
5 UBS 7,976.88 32 5.45%