Reliance Schuldschein ‘considerably exceeds’ initial target

Arrangers of Reliance Industries’ debut Schuldschein have sent investors a statement saying that demand “considerably exceeds the initial volume” target of €150m. The success of the transaction came as a surprise to some of the arrangers’ competitors, but is considered a good sign for the market.

  • By Silas Brown
  • 09 Apr 2019
Reliance Industries, the conglomerate headquartered in Mumbai and founded by Dhirubhai Ambani, launched a €150m debut Schuldschein in March via KfW Ipex–Bank and LBBW. It offered pricing ranges of 95bp-110bp, 115bp-130bp, 130bp-145bp and 145bp-160bp over six month Euribor for three, five, seven and 10 year floating notes, and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 23 Jul 2019
1 JPMorgan 78,105.77 401 5.61%
2 Citi 72,525.21 384 5.21%
3 Bank of America Merrill Lynch 69,820.23 378 5.01%
4 Barclays 61,217.46 271 4.39%
5 Goldman Sachs 53,021.48 262 3.81%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 20,165.66 52 8.62%
2 BNP Paribas 16,216.19 93 6.93%
3 SG Corporate & Investment Banking 14,325.15 63 6.13%
4 Bank of America Merrill Lynch 14,105.99 45 6.03%
5 Deutsche Bank 13,279.29 68 5.68%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • Today
1 Citi 4,051.77 21 9.34%
2 Deutsche Bank 2,970.40 18 6.85%
3 JPMorgan 2,822.43 22 6.51%
4 BNP Paribas 2,674.33 25 6.16%
5 Goldman Sachs 2,523.29 20 5.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 17,157.53 136 9.87%
2 Citi 16,616.67 131 9.55%
3 Bank of America Merrill Lynch 12,882.26 107 7.41%
4 Goldman Sachs 12,730.92 97 7.32%
5 Morgan Stanley 9,748.90 76 5.61%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 15,614.90 90 5.82%
2 SG Corporate & Investment Banking 13,889.15 66 5.18%
3 Barclays 13,651.30 58 5.09%
4 JPMorgan 13,469.46 59 5.02%
5 Citi 13,203.46 60 4.92%