Telecom Italia hybrid now to come after those of KPN, Pennon

Telecom Italia’s first hybrid capital issue is on hold for the moment, after Italy’s general election on Sunday and Monday produced a result that left observers not knowing whether to laugh or cry.

  • 26 Feb 2013

With Milan’s stockmarket plummeting 4% today to its lowest level since early December, and Italian government bond yields 30bp-40bp higher than before the election, this is not the week to be bringing this challenging transaction.

“It was always key to have some political stability before launching this, and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,350.32 549 5.93%
2 Bank of America Merrill Lynch 122,750.63 519 5.80%
3 Citi 101,738.87 533 4.81%
4 Barclays 84,156.99 342 3.98%
5 Goldman Sachs 83,290.95 322 3.94%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 28,401.19 124 8.95%
2 Deutsche Bank 22,113.09 83 6.97%
3 SG Corporate & Investment Banking 20,911.95 99 6.59%
4 UniCredit 17,032.03 79 5.37%
5 HSBC 16,474.81 91 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.83%
2 BNP Paribas 4,918.81 57 6.97%
3 Deutsche Bank 4,372.15 44 6.19%
4 JPMorgan 3,977.60 45 5.64%
5 Credit Suisse 3,757.05 40 5.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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 28,288.85 117 5.99%
2 BNP Paribas 27,457.09 117 5.81%
3 Barclays 26,271.31 92 5.56%
4 JPMorgan 26,099.31 90 5.52%
5 Deutsche Bank 24,766.67 100 5.24%