Lecta bonds wilt as it struggles to secure French government support

A Barcelona-headquartered paper company wants to focus on higher-margin specialist papers but it is floundering to find the money needed for a turn-around after the European Union delivered a blow that sent its bonds sliding.

  • By Karoliina Liimatainen
  • 13 Aug 2019

Lecta’s bonds have been wobbling for the past week after French newspapers reported that the European Commission is opposing subsidies that the company expected to receive. These would have helped with converting Lecta's old-fashioned mill in South-Western France into a specialist paper facility. 

The local government in the region ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,888.30 60 6.85%
2 Deutsche Bank 8,575.51 45 6.61%
3 Credit Agricole CIB 8,336.05 46 6.42%
4 JPMorgan 7,620.98 38 5.87%
5 Goldman Sachs 7,362.10 39 5.67%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.01%
2 JPMorgan 4,489.79 35 7.38%
3 Deutsche Bank 4,163.77 26 6.84%
4 Goldman Sachs 4,137.68 31 6.80%
5 Barclays 3,944.19 26 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,777.85 178 9.62%
2 Citi 20,535.92 160 9.07%
3 Goldman Sachs 16,887.66 130 7.46%
4 Bank of America Merrill Lynch 16,122.51 140 7.12%
5 Morgan Stanley 14,536.57 101 6.42%