Domestic & General drops sterling floater

Left lead Barclays dropped the floating rate sterling tranche from the high yield bonds for Domestic & General’s fundraising to refinance old debt and pay a dividend to its old owners, replacing it with a smaller euro floater and a large fixed-rate issue.

  • By Owen Sanderson
  • 17 Jul 2019

The original package, announced last week, was an all-sterling deal with a £250m ($312.2m) secured seven year non-call one floating rate note (FRN).

On Tuesday afternoon, this tranche was removed and a €200m euro FRN added, while the £230m fixed rate seven year non-call three was increased to ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,350.79 41 6.53%
2 Goldman Sachs 7,212.42 37 6.41%
3 BNP Paribas 7,151.10 53 6.36%
4 Credit Agricole CIB 6,659.77 36 5.92%
5 Barclays 6,209.03 28 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.05%
4 Barclays 3,441.80 22 6.67%
5 Goldman Sachs 3,389.62 26 6.57%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,847.11 143 9.44%
2 JPMorgan 18,279.02 147 9.16%
3 Goldman Sachs 14,831.56 109 7.43%
4 Bank of America Merrill Lynch 14,255.85 117 7.14%
5 Morgan Stanley 12,912.93 86 6.47%