CMC Ravenna bonds drop on missed coupon

Italian construction firm Cooperativa Muratori e Cementisti di Ravenna officially announced it would miss the November 15 coupon payment of its 2023 bonds.

  • By Victor Jimenez
  • 12 Nov 2018

Those bonds were trading at 30 cents last Friday, said a high yield fund manager, and lower this week, after trading in the high 70bp area as recently as September.

CMC Ravenna said it would have to miss the November 15 payment and was "considering the necessity to undergo ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 19,416.85 91 7.59%
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3 Deutsche Bank 15,760.57 59 6.16%
4 Credit Agricole CIB 14,532.27 68 5.68%
5 Goldman Sachs 14,155.41 61 5.53%

Bookrunners of European HY Bonds

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3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

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3 Credit Suisse 13,745.94 98 6.92%
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5 Morgan Stanley 12,977.13 92 6.53%