Verizon to grab $20bn or more in dollars, then head for Europe

Verizon Communications is expected to launch around $20bn of dollar bonds as early as next Wednesday, as the first stage in financing its $130bn acquisition of Vodafone’s 45% stake in Verizon Wireless.

  • By Jon Hay
  • 05 Sep 2013

Verizon will hold roadshows in the US next Monday and Tuesday and could tap the market on September 11 for the biggest deal in corporate bond history, surpassing the $17bn raised by Apple in May.

“The company is expected to access every component of the market, fixed and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 44,483.98 215 5.61%
2 Citi 42,089.67 200 5.30%
3 Bank of America Merrill Lynch 40,301.63 198 5.08%
4 Barclays 36,562.85 154 4.61%
5 Deutsche Bank 31,434.19 150 3.96%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,052.82 29 9.32%
2 SG Corporate & Investment Banking 9,231.34 34 7.14%
3 Deutsche Bank 8,994.55 41 6.95%
4 Bank of America Merrill Lynch 8,791.13 27 6.79%
5 BNP Paribas 8,096.49 41 6.26%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,686.47 13 9.63%
2 BNP Paribas 1,305.75 15 7.46%
3 Deutsche Bank 1,263.77 9 7.22%
4 Goldman Sachs 1,225.64 11 7.00%
5 Citi 1,134.67 10 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,636.80 71 10.46%
2 Citi 9,049.24 65 9.82%
3 Bank of America Merrill Lynch 6,185.97 48 6.72%
4 Goldman Sachs 6,080.77 44 6.60%
5 Morgan Stanley 5,699.31 38 6.19%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,582.70 34 5.47%
2 Citi 8,191.99 30 5.22%
3 Barclays 7,869.78 33 5.01%
4 BNP Paribas 7,833.50 40 4.99%
5 JPMorgan 7,498.03 29 4.78%