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GBL bags €420m as investors continue to scramble for CBs

Groupe Bruxelles Lambert, the Brussels-based industrial holding company, raised €420m through a convertible bond on Friday, seizing on near-perfect conditions for issuers in the equity-linked market.

  • By Andrew Griffin
  • 04 Oct 2013
The deal was launched on Friday morning, after some pre-sounding, with an initial conversion premium range of 30%-35%, and a yield to maturity range of 1.375%-1.875%. It was fully covered within the hour, at around 8am. Bankers told the market at 8.45am that orders off the best terms ...

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Bond Comments

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 28,736.25 82 9.49%
2 JPMorgan 26,609.28 77 8.79%
3 Barclays 19,197.35 50 6.34%
4 HSBC 18,884.90 60 6.24%
5 BNP Paribas 18,849.94 38 6.23%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 9,498.80 2 86.78%
2 Swedbank 160.81 1 1.47%
2 Sumitomo Mitsui Financial Group 160.81 1 1.47%
2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 ING 220.22 2 15.39%
1 Bank of America Merrill Lynch 220.22 2 15.39%
1 ABN AMRO Bank 220.22 2 15.39%
4 Morgan Stanley 114.77 1 8.02%
4 BNP Paribas 114.77 1 8.02%