ASF sees plenty of traffic for new 12 year

French toll road operator Autoroutes du Sud de la France found plenty of investors willing to buy the issuer’s first corporate bond sale of 2019. The demand allowed the company to tighten the spread it was offering by 22bp through the marketing process and price the deal in line with its existing curve.

  • By Nigel Owen
  • 15 Feb 2019

ASF sold two bond deals in 2018: a €1bn 12 year transaction in January and €700m of 10 year notes in June. Its 2019 debut was launched as a benchmark 12 year trade.

Leads BNP Paribas, Commerzbank, Mizuho, Société Générale and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,641.00 149 5.64%
2 JPMorgan 30,261.62 151 5.57%
3 Barclays 29,332.65 109 5.40%
4 Bank of America Merrill Lynch 29,326.65 141 5.40%
5 Deutsche Bank 24,917.96 112 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,392.67 24 10.38%
2 Bank of America Merrill Lynch 8,134.48 23 8.12%
3 Deutsche Bank 7,164.21 34 7.15%
4 SG Corporate & Investment Banking 6,134.64 22 6.13%
5 Santander 5,833.12 20 5.82%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 849.80 7 9.43%
2 JPMorgan 703.06 6 7.80%
3 Deutsche Bank 636.38 4 7.06%
4 BNP Paribas 604.64 5 6.71%
5 Goldman Sachs 489.41 4 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,543.36 49 10.94%
2 JPMorgan 6,501.33 48 9.43%
3 Bank of America Merrill Lynch 5,031.63 36 7.30%
4 Goldman Sachs 4,632.90 32 6.72%
5 Credit Suisse 4,456.07 30 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,765.45 25 5.78%
2 JPMorgan 6,113.92 21 5.22%
3 Deutsche Bank 6,075.14 29 5.19%
4 Citi 5,875.57 20 5.02%
5 SG Corporate & Investment Banking 5,755.14 21 4.91%