First sterling double-B out with Yorkshire Water’s holdco bond

Yorkshire Water, the British water utility, is meeting investors for its £155m subordinated holding company bond. The seven year high yield notes are being marketed on Monday and Tuesday.

  • 28 Jan 2013

Pricing is expected thereafter. RBS, Barclays, CBA, HSBC, Lloyds and Santander are arranging the transaction, which will be sold through Kelda Finance.

Yorkshire has not issued high yield bonds before but has sold class ‘A’ and ‘B’ bonds, according to a banker at one of the bookrunners.

Ratings are ...

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 173,957.50 760 7.14%
2 Bank of America Merrill Lynch 154,768.14 714 6.35%
3 Citi 137,304.76 735 5.63%
4 Goldman Sachs 109,713.42 475 4.50%
5 Barclays 106,556.79 489 4.37%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,965.54 145 2.88%
2 Barclays 25,510.29 106 2.45%
3 Deutsche Bank 24,247.02 105 2.33%
4 SG Corporate & Investment Banking 21,192.48 112 2.04%
5 HSBC 19,467.45 94 1.87%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.78%
2 Citi 28,905.88 231 8.39%
3 Bank of America Merrill Lynch 28,820.93 250 8.36%
4 Goldman Sachs 24,953.24 183 7.24%
5 Barclays 23,123.01 154 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.34%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,973.95 128 5.86%
5 Citi 23,312.66 103 5.26%