Gecina, Schneider, Total share euro buyers' bid for France

Three new French corporate bond issues came in Europe on Wednesday, as issuers decided it was worth exploring the very receptive demand in euros and sterling.

  • By Alex Radford
  • 22 May 2019

Gecina, the French Reit rated A3/A- (all stable) issued a €500m 15 year bond via BNP Paribas, Crédit Agricole, Crédit Mutuel-CIC, HSBC and Natixis.

Initial price thoughts of 125bp over mid-swaps led to books just after 11am of more than €2.5bn and the spread was cut to 100bp-105bp over mid-swaps. 

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jul 2019
1 JPMorgan 76,006.00 390 5.64%
2 Citi 69,584.84 372 5.16%
3 Bank of America Merrill Lynch 68,674.92 369 5.10%
4 Barclays 60,739.02 265 4.51%
5 Goldman Sachs 51,591.79 253 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 20,165.66 52 8.72%
2 BNP Paribas 15,735.82 89 6.81%
3 SG Corporate & Investment Banking 14,134.52 61 6.12%
4 Bank of America Merrill Lynch 14,105.99 45 6.10%
5 Deutsche Bank 13,105.24 66 5.67%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.58%
2 Citi 2,783.23 20 7.10%
3 BNP Paribas 2,674.33 25 6.82%
4 JPMorgan 2,602.43 20 6.64%
5 Goldman Sachs 2,523.29 20 6.44%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,238.30 131 10.01%
2 Citi 14,667.10 123 9.04%
3 Bank of America Merrill Lynch 12,173.13 103 7.51%
4 Goldman Sachs 11,917.27 92 7.35%
5 Morgan Stanley 9,465.81 73 5.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 15,424.27 88 5.84%
2 SG Corporate & Investment Banking 13,698.52 64 5.19%
3 Barclays 13,569.09 57 5.14%
4 JPMorgan 13,358.35 58 5.06%
5 Citi 13,042.23 59 4.94%