Hapag-Lloyd navigates reverse enquiry for 2018 tap

German container shipping company Hapag-Lloyd safely shipped a €150m add-on to its 7.75% 2018 bond, which was first sold three weeks ago. The tap was priced in line with guidance and traded up on the break.

  • By Stefanie Linhardt
  • 10 Oct 2013

Bookrunners Deutsche Bank (lead left), together with Citigroup and JP Morgan released talk in the 101.5 to 102 area on Wednesday and later priced the tap at 101.75 to yield 7.326%.

The deal was trading around 102.125 on Thursday morning, according to a banker close to the deal. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%