Cogetech revealed as high yield issuer in waiting with €165m bond

Cogetech was uncovered on Monday as one of the two Italian gaming companies premarketing a debut bond issue in the high yield market. The gambling machines operator is seeking to sell a €165m bond.

  • By Stefanie Linhardt
  • 29 Jul 2013

The five year notes will be senior secured and callable after two years. With the proceeds, Cogetech wants to refinance debt, according to a banker close to the deal. 

BNP Paribas is lead bookrunner and billing and delivering on the transaction, with UniCredit and Deutsche Bank also bookrunners. 

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%