Watermark
Go to Asia edition

Taylor Wimpey cements financial basis with £250m bond

Taylor Wimpey, the UK house builder, managed to get a £250m high yield bond offer away on Thursday afternoon, but the bookrunners admitted that the deteriorating credit environment had forced the issuer to pay up to get the deal done.

  • 26 Nov 2010

The five year deal was priced at par with a 10.375% coupon. The bonds can be called after three years.

"Market sentiment is reflected in the pricing," said one banker involved in the transaction. "It is wider than it would have been normally."

Some bankers reckoned that Taylor Wimpey ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial
Log in

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 76,099.75 363 5.92%
2 Bank of America Merrill Lynch 74,654.27 343 5.81%
3 Citi 62,267.71 352 4.84%
4 Barclays 58,729.13 218 4.57%
5 Goldman Sachs 51,105.31 205 3.98%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 18,740.11 80 9.75%
2 SG Corporate & Investment Banking 13,968.96 63 7.27%
3 Deutsche Bank 12,777.94 56 6.65%
4 UniCredit 10,968.94 48 5.71%
5 HSBC 10,482.96 60 5.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 3,647.43 42 7.11%
2 Goldman Sachs 3,642.87 28 7.10%
3 JPMorgan 3,391.91 36 6.61%
4 Deutsche Bank 3,153.00 28 6.14%
5 Credit Suisse 2,981.51 28 5.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 13,575.71 111 9.62%
2 Citi 10,815.50 91 7.67%
3 Goldman Sachs 9,536.47 76 6.76%
4 Bank of America Merrill Lynch 9,455.18 88 6.70%
5 Barclays 9,449.01 71 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 19,622.23 78 6.64%
2 HSBC 18,375.09 79 6.22%
3 Barclays 17,915.82 53 6.07%
4 Citi 15,926.05 64 5.39%
5 JPMorgan 15,860.55 55 5.37%