Airtel and Traton shares fall on first day of trading

Shares in Airtel Africa are down at 68.5p on their first day of trading in London, over 14% below the IPO price of 80p a share, while VW’s truck division Traton is down almost 2% on its first day in Frankfurt.

  • By Sam Kerr
  • 28 Jun 2019

Bank of AmericaCiti and JP Morgan are global coordinators for the IPO of Airtel Africa, the African division of India’s Bharti Airtel. Absa Group, BarclaysBNP ParibasGoldman SachsHSBC and Standard Bank are bookrunners.

The $540m IPO was priced at 80p on Thursday, at the bottom of the ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 222,090.35 998 8.23%
2 Citi 207,802.09 868 7.70%
3 Bank of America Merrill Lynch 172,151.11 725 6.38%
4 Barclays 162,393.55 662 6.01%
5 HSBC 133,323.28 724 4.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 27,275.91 109 7.92%
2 Credit Agricole CIB 25,517.00 104 7.41%
3 JPMorgan 21,834.93 53 6.34%
4 Bank of America Merrill Lynch 21,222.68 53 6.16%
5 SG Corporate & Investment Banking 16,639.52 78 4.83%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 7,363.27 46 9.58%
2 Morgan Stanley 7,283.40 35 9.48%
3 Goldman Sachs 6,842.44 35 8.90%
4 Citi 5,763.97 41 7.50%
5 UBS 4,691.07 23 6.11%