FCE erases memory of pulled tranche with successful five year

FCE Bank, the European finance arm of Ford, priced a €500m five year bond today, just over three months after a dual tranche 3.25 and 7.25 year sale in February misfired and the issuer had to pull the longer note.

  • 13 May 2013

Then as now, FCE was rated Baa3/BBB-/BBB-, with stable outlooks from Moody’s and Fitch and positive from Standard & Poor’s.

The credit markets are much warmer now, however. The more popular 3.25 year tranche of FCE’s last deal, led by BNP Paribas, Credit Suisse and HSBC, was priced on ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 127,517.35 541 5.90%
2 JPMorgan 126,998.43 554 5.88%
3 Citi 102,522.76 538 4.75%
4 Barclays 84,276.72 344 3.90%
5 Goldman Sachs 83,509.37 327 3.87%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 28,066.59 123 8.86%
2 Deutsche Bank 22,255.37 84 7.03%
3 SG Corporate & Investment Banking 20,558.20 98 6.49%
4 UniCredit 17,012.87 79 5.37%
5 HSBC 16,282.49 91 5.14%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Goldman Sachs 5,527.11 43 7.79%
2 BNP Paribas 4,918.81 57 6.94%
3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,454.25 115 5.77%
2 BNP Paribas 27,238.89 117 5.72%
3 JPMorgan 26,285.83 90 5.52%
4 Barclays 26,233.60 92 5.51%
5 Deutsche Bank 24,766.67 100 5.20%