Danone’s 3bp NIP is sweet enough for €650m six year

Danone, the French foods group, thought twice before launching a bond on Monday as the market opened weakly, with corporate credit trading slightly wider and stocks sharply down. But having waited till 9.30am London time, the issuer went ahead — and bankers said the result of its sale vindicated the decision.

  • 07 Jun 2013
"There was a discussion about whether to go ahead today, as it was a drive-by," said a banker at one of the leads, Citigroup, HSBC, Santander and Société Générale. "We wanted to make sure everyone was happy, but it looked like the market was pulling back a bit ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 91,727.81 452 5.84%
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4 Barclays 72,554.64 309 4.62%
5 Goldman Sachs 60,232.09 293 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

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1 Barclays 20,638.21 54 8.44%
2 BNP Paribas 16,514.56 94 6.75%
3 Deutsche Bank 15,422.56 75 6.30%
4 SG Corporate & Investment Banking 15,340.46 67 6.27%
5 Bank of America Merrill Lynch 14,105.99 45 5.77%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.05%
4 Barclays 3,441.80 22 6.67%
5 Goldman Sachs 3,389.62 26 6.57%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 18,847.11 143 9.44%
2 JPMorgan 18,279.02 147 9.16%
3 Goldman Sachs 14,831.56 109 7.43%
4 Bank of America Merrill Lynch 14,255.85 117 7.14%
5 Morgan Stanley 12,912.93 86 6.47%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 16,573.16 92 5.71%
2 SG Corporate & Investment Banking 15,343.03 70 5.29%
3 Barclays 15,274.25 63 5.26%
4 JPMorgan 15,018.24 65 5.18%
5 Citi 14,456.99 66 4.98%