Edcon scraps dollar tranche, goes for €325m in just euros

South Africa’s Edcon, the country’s largest non-food retailer, changed the structure of its high yield bond issue on Friday. The company dropped its dollar tranche to price the planned €325m-equivalent deal entirely in euros.

  • 08 Feb 2013

Goldman Sachs (billing and delivering on the euro notes), Morgan Stanley (billing and delivering on the dollar notes) and Barclays are joint global coordinators on the new bond, with Bank of America Merrill Lynch and JP Morgan joining as bookrunners.

Revised guidance released on Friday morning involved only one ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 46,136.20 206 6.50%
2 Bank of America Merrill Lynch 39,794.87 194 5.60%
3 Goldman Sachs 34,213.68 122 4.82%
4 Citi 34,103.62 199 4.80%
5 Barclays 32,581.37 126 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 10,811.46 48 9.55%
2 SG Corporate & Investment Banking 8,602.81 37 7.60%
3 Goldman Sachs 8,556.64 17 7.56%
4 HSBC 7,086.73 40 6.26%
5 UniCredit 7,055.47 28 6.24%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,096.27 21 8.11%
2 BNP Paribas 2,008.60 22 7.77%
3 Goldman Sachs 1,760.56 17 6.81%
4 Credit Suisse 1,569.64 15 6.07%
5 Morgan Stanley 1,511.02 10 5.85%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,679.77 73 9.90%
2 Citi 6,785.07 56 6.94%
3 Bank of America Merrill Lynch 6,757.41 63 6.91%
4 Barclays 6,374.90 47 6.52%
5 Credit Suisse 6,011.71 44 6.15%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 9,779.54 44 6.23%
2 JPMorgan 9,700.92 35 6.18%
3 Citi 9,615.13 40 6.12%
4 Deutsche Bank 9,025.53 37 5.75%
5 Goldman Sachs 8,943.16 20 5.70%