Borets International pounces on Treasuries non-taper rally

Borets International was the first emerging market name to act to take advantage of rallying US Treasuries and EM spreads after the US central bank unexpectedly said on Wednesday that it would not scale back its stimulus programme until the economy improved further.

  • By Francesca Young
  • 19 Sep 2013

The Russian oilfield services company has released initial price thoughts at a yield of 7.625% area for a $420m five year bond. Deutsche Bank, Morgan Stanley and Sberbank are arranging the deal. Books are open and the deal is expected to be Thursday's business.

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 47,440.35 214 6.52%
2 Bank of America Merrill Lynch 41,099.98 200 5.65%
3 Citi 35,604.01 206 4.89%
4 Goldman Sachs 34,960.01 128 4.81%
5 Barclays 33,832.55 129 4.65%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 10,780.78 48 9.26%
2 SG Corporate & Investment Banking 8,845.66 38 7.60%
3 Goldman Sachs 8,744.69 19 7.51%
4 Deutsche Bank 7,344.85 35 6.31%
5 HSBC 7,279.19 42 6.26%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,239.67 23 7.93%
2 BNP Paribas 2,143.91 24 7.59%
3 Goldman Sachs 1,846.31 18 6.53%
4 Credit Suisse 1,759.77 17 6.23%
5 Morgan Stanley 1,511.02 10 5.35%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 10,227.77 76 10.21%
2 Citi 6,863.07 57 6.85%
3 Bank of America Merrill Lynch 6,835.41 64 6.82%
4 Barclays 6,719.90 48 6.71%
5 Goldman Sachs 6,171.81 49 6.16%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,007.79 42 6.28%
2 BNP Paribas 9,748.86 44 6.12%
3 JPMorgan 9,700.92 35 6.09%
4 Deutsche Bank 9,571.59 40 6.01%
5 Goldman Sachs 9,062.29 21 5.69%