Innovia tightens guidance on debut high yield FRN

Innovia Group has set final guidance on its €340m six year floating rate bond. The maker of films for the packaging industry is set to sell the bond on Thursday.

  • By Stefanie Linhardt
  • 13 Feb 2014

Bookrunners Deutsche Bank (billing and delivering), Barclays and HSBC released initial price thoughts in the Euribor plus 525bp area at 99 to 99.5 and tightened guidance to 500bp over at 99.5.

Books closed at 11.30am London time on Thursday, with pricing thereafter.

Innovia will use the proceeds alongside ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,934.10 85 8.63%
2 BNP Paribas 20,062.94 122 6.43%
3 Goldman Sachs 16,288.01 66 5.22%
4 HSBC 14,964.93 95 4.80%
5 Deutsche Bank 14,910.67 86 4.78%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.78%
2 Citi 28,905.88 231 8.39%
3 Bank of America Merrill Lynch 28,820.93 250 8.36%
4 Goldman Sachs 24,953.24 183 7.24%
5 Barclays 23,123.01 154 6.71%