Hera gets attention with €700m 15 year

Hera, the Italian energy, water and waste treatment group, enjoyed strong demand on Tuesday for the first Italian corporate bond of 2013, apart from FGA Capital’s very short dated tap the previous day.

  • 25 Jan 2013

While Iberdrola’s bond on Monday proved a slightly tougher sell than lead managers of peripheral European corporate issues had become used to, Hera’s was an easier ride — perhaps just because investors have had enough Spanish paper for a while and were happy to see some from Italy.

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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 111,770.68 471 6.03%
2 JPMorgan 108,290.33 489 5.85%
3 Citi 87,054.15 465 4.70%
4 Barclays 76,702.28 310 4.14%
5 Goldman Sachs 73,744.58 290 3.98%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 24,117.26 108 8.76%
2 Deutsche Bank 20,413.01 74 7.41%
3 SG Corporate & Investment Banking 19,141.06 90 6.95%
4 UniCredit 15,521.61 71 5.64%
5 HSBC 14,381.76 81 5.22%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,048.40 37 7.53%
2 BNP Paribas 4,834.62 56 7.21%
3 Deutsche Bank 4,245.09 42 6.33%
4 JPMorgan 3,756.57 41 5.60%
5 Credit Suisse 3,672.86 39 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,016.51 146 10.22%
2 Goldman Sachs 14,082.73 99 7.57%
3 Credit Suisse 13,243.20 94 7.12%
4 Bank of America Merrill Lynch 12,775.52 117 6.87%
5 Citi 12,347.90 105 6.64%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,998.97 110 6.18%
2 BNP Paribas 24,179.70 104 5.75%
3 Barclays 24,153.71 85 5.74%
4 Deutsche Bank 22,614.70 91 5.38%
5 Citi 21,968.90 89 5.23%