Italgas blows out, cuts 30bp off spread

Investors pumped €2.25bn of demand into Italgas’s €600m 10 year note on Wednesday, leaving the deal nearly four times covered. That was despite a soft economic background and the more muted €1bn of demand Goodman European Partnership, the logistics Reit, had got on Monday for its €400m 10 year no-grow bond.

  • By Alex Radford
  • 17 Jul 2019

Both the FTSE 100 and Euro Stoxx 50 indices fell on the day. The Markit iTraxx Europe Main credit default swap index had widened 3bp in the past 10 days.


"What we are seeing is a rolling period of blackouts, and a number of issuers who are unable ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 92,205.01 454 5.85%
2 Citi 83,869.46 429 5.32%
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4 Barclays 72,554.64 309 4.60%
5 Goldman Sachs 60,232.09 293 3.82%

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4 SG Corporate & Investment Banking 15,340.46 67 6.27%
5 Bank of America Merrill Lynch 14,105.99 45 5.77%

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Bookrunners of Dollar Denominated HY Bonds

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1 Citi 18,847.11 143 9.44%
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4 Bank of America Merrill Lynch 14,255.85 117 7.14%
5 Morgan Stanley 12,912.93 86 6.47%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 16,573.16 92 5.71%
2 SG Corporate & Investment Banking 15,343.03 70 5.29%
3 Barclays 15,274.25 63 5.26%
4 JPMorgan 15,018.24 65 5.18%
5 Citi 14,456.99 66 4.98%