HSS sells high yield bond for refi, dividend in line with guidance

HSS Hire, the UK tool and equipment hire business, priced its debut high yield bond yesterday in line with guidance.

  • By Stefanie Linhardt
  • 30 Jan 2014

The £200m of senior secured notes due August 2019 were priced at par with a 6.75% coupon. The notes were hovering around reoffer on Thursday, according to a banker close to the deal.

Bookrunners JP Morgan, Barclays and HSBC released price guidance in the 6.75% area on Wednesday ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,876.98 73 7.10%
2 Credit Agricole CIB 12,540.25 55 5.99%
3 Deutsche Bank 11,856.29 46 5.66%
4 Goldman Sachs 10,876.28 46 5.19%
5 HSBC 10,815.72 51 5.16%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 4,199.27 50 7.07%
2 Deutsche Bank 3,839.34 38 6.46%
3 Goldman Sachs 3,725.55 31 6.27%
4 JPMorgan 3,599.75 39 6.06%
5 Credit Suisse 3,406.43 36 5.73%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,476.08 137 9.98%
2 Credit Suisse 12,881.03 89 7.35%
3 Goldman Sachs 12,373.76 90 7.06%
4 Citi 12,061.47 102 6.88%
5 Bank of America Merrill Lynch 11,966.50 108 6.83%