Uralkali picks bookrunners but break with Belarus puts bond plans in doubt

Russian potash producer Uralkali has chosen four bookrunners for a bond deal, said debt bankers. But the company’s recent announcement that it will leave a joint venture with Belarusian Potash Company has caused sharp losses across the fertiliser sector in both bond and equity markets. Any prospective deal will have to wait until after the fallout has cleared.

  • By Steven Gilmore
  • 01 Aug 2013

The borrower has chosen Bank of American Merrill Lynch, Goldman Sachs, Sberbank and VTB to manage the deal, said bankers away from the transaction.

Syndicate officials at those banks declined to comment or could not be reached.

This is the same line-up Uralkali opted for with its last ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Morgan Stanley 6,725.43 38 5.92%
2 Bank of America Merrill Lynch 5,845.88 38 5.15%
3 Citi 5,616.32 43 4.94%
4 HSBC 5,284.41 37 4.65%
5 BNP Paribas 5,219.36 29 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 2,658.29 11 10.89%
2 UniCredit 1,973.31 7 8.09%
3 Bank of America Merrill Lynch 1,666.37 6 6.83%
4 SG Corporate & Investment Banking 1,585.47 6 6.50%
5 Mitsubishi UFJ Financial Group 1,577.41 6 6.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Goldman Sachs 553.99 4 8.64%
2 Credit Suisse 511.12 5 7.97%
3 BNP Paribas 472.73 3 7.37%
4 Barclays 413.98 4 6.46%
5 JPMorgan 409.23 3 6.38%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 2,178.82 15 9.04%
2 Citi 2,162.31 17 8.97%
3 Morgan Stanley 2,088.85 13 8.66%
4 Bank of America Merrill Lynch 1,613.71 16 6.69%
5 Deutsche Bank 1,550.60 9 6.43%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,612.14 10 10.04%
2 UniCredit 1,892.23 6 7.28%
3 SG Corporate & Investment Banking 1,585.47 6 6.10%
4 Bank of America Merrill Lynch 1,585.30 5 6.10%
5 Mitsubishi UFJ Financial Group 1,577.41 6 6.07%