Jaguar drives by for £400m

Jaguar Land Rover drove by with an increased high yield bond on Tuesday. It attracted strong demand, allowing bookrunners to add £100m to the planned £300m eight year issue and price it tightly.

  • By Stefanie Linhardt
  • 31 Jan 2014

The unsecured, non-callable 2022 bond was priced in line with guidance in the 5% area at par to yield 5%. The notes had widened by Thursday to around 99.75, reflecting a “tightly priced deal,” said a banker close to the deal.

Deutsche Bank (billing and delivering), Bank of ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,388.71 99 8.59%
2 BNP Paribas 22,584.97 136 6.38%
3 Deutsche Bank 18,200.29 101 5.14%
4 Goldman Sachs 18,053.38 75 5.10%
5 HSBC 16,133.53 101 4.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 553.99 4 8.96%
2 Credit Suisse 511.12 5 8.26%
3 BNP Paribas 472.73 3 7.64%
4 Barclays 413.98 4 6.69%
5 JPMorgan 409.23 3 6.62%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,178.82 15 9.29%
2 Citi 2,107.81 16 8.99%
3 Morgan Stanley 2,006.20 12 8.55%
4 Bank of America Merrill Lynch 1,559.21 15 6.65%
5 Deutsche Bank 1,550.60 9 6.61%