Muted demand for Philip Morris Swissie

Philip Morris International, the tobacco company, launched a six year Swiss franc bond on Monday. Lead manager Credit Suisse priced it in line with guidance, but was unable to grow the deal beyond the Sfr200m minimum targeted and there were reports that a 10 year tranche that had been suggested failed to attract investor demand.

  • 15 Feb 2013

The Sfr200m 0.875% March 2019 notes were priced at 28bp over mid-swaps on Monday afternoon, in line with guidance of the 28bp area. The 0.875% coupon is the lowest on a senior unsecured bond from an international issuer in Swiss francs.

The lead soft-sounded both six year and 10 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 120,461.31 530 6.00%
2 Bank of America Merrill Lynch 118,882.02 504 5.92%
3 Citi 97,556.99 506 4.86%
4 Goldman Sachs 81,894.66 314 4.08%
5 Barclays 81,624.26 331 4.07%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 26,531.99 119 8.85%
2 Deutsche Bank 21,930.45 80 7.31%
3 SG Corporate & Investment Banking 19,469.33 94 6.49%
4 UniCredit 16,300.95 75 5.44%
5 HSBC 16,015.57 89 5.34%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,404.19 42 7.77%
2 BNP Paribas 4,918.81 57 7.07%
3 Deutsche Bank 4,345.09 43 6.25%
4 JPMorgan 3,950.54 44 5.68%
5 Credit Suisse 3,757.05 40 5.40%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,123.74 153 10.17%
2 Goldman Sachs 15,830.49 107 8.00%
3 Credit Suisse 13,629.27 97 6.89%
4 Bank of America Merrill Lynch 13,267.41 122 6.70%
5 Citi 13,132.03 109 6.63%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,248.54 116 6.16%
2 BNP Paribas 26,642.60 114 5.81%
3 Barclays 25,943.52 91 5.66%
4 JPMorgan 25,634.91 84 5.59%
5 Citi 24,204.97 95 5.28%