BHP digs up $5bn as Deutsche Annington debuts in US

BHP Billiton plundered the dollar market for the second time this year with a $5bn four part offering on Wednesday led by Barclays, Goldman Sachs and JP Morgan that tapped into strong demand at the long end of the curve.

  • By Jon Hay
  • 27 Sep 2013

The A1/A+ rated aluminium, coal, copper and iron miner drew around $20bn of orders and tightened pricing by at least 20bp from initial thoughts on each tranche.

The biggest tranches were at the long end, where it sold $1.5bn of 3.85% 10 year notes at 125bp over Treasuries ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Bank of America Merrill Lynch 83,949.72 377 5.90%
2 JPMorgan 81,974.06 398 5.76%
3 Citi 66,626.93 383 4.68%
4 Barclays 62,421.24 238 4.39%
5 Goldman Sachs 58,523.58 226 4.11%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 18,987.74 82 9.19%
2 Deutsche Bank 16,651.33 61 8.06%
3 SG Corporate & Investment Banking 14,054.70 64 6.81%
4 UniCredit 11,756.26 51 5.69%
5 HSBC 11,205.29 61 5.43%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • Today
1 BNP Paribas 3,863.89 45 7.26%
2 Goldman Sachs 3,593.75 29 6.75%
3 JPMorgan 3,391.91 36 6.37%
4 Deutsche Bank 3,241.44 30 6.09%
5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 15,636.04 126 9.86%
2 Citi 11,317.47 97 7.14%
3 Goldman Sachs 10,803.60 84 6.81%
4 Bank of America Merrill Lynch 10,797.43 100 6.81%
5 Barclays 10,686.37 82 6.74%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,417.95 85 6.50%
2 BNP Paribas 19,882.59 80 6.33%
3 Barclays 18,647.73 58 5.94%
4 Deutsche Bank 16,816.67 70 5.36%
5 Citi 16,746.96 68 5.33%