Ista bond launch pushes weekly high yield count to 18

Ista, the German metering business, launched the high yield bond portion to finance its takeover by CVC on Friday. The deal announcement pushed the number of marketed deals in the European high yield market this week to 18.

  • 03 May 2013

The week was the busiest ever in terms of marketed European high yield issues, with 13 priced by Thursday, while New Look’s £808m of notes were still expected to be sold on Friday.

Ista's notes comprise €500m of senior secured and €525m of senior subordinated bonds.

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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 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 128,786.28 373 11.27%
2 Bank of America Merrill Lynch 100,918.70 292 8.83%
3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%