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Melco’s latest bond covers dual redemptions

Melco Crown Entertainment priced a $1bn eight year non-call three bond on Wednesday, helping the company finance a tender offer for another dollar deal as well as repay a maturing renminbi note.

  • 31 Jan 2013
The company’s bookrunners priced the February 2021 deal at par to yield 5%. It proved a relatively easy sell: after the deluge of Chinese property supply high yield investors are eager for diversification, and many were familiar with Melco after a recent Studio City deal, said a banker ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 17,761.51 74 7.22%
2 Barclays 14,324.58 54 5.82%
3 JPMorgan 13,665.52 61 5.55%
4 Deutsche Bank 13,421.96 54 5.45%
5 Goldman Sachs 12,418.02 52 5.04%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 SG Corporate & Investment Banking 3,823.51 14 7.75%
2 Citi 3,770.20 14 7.64%
3 Deutsche Bank 3,350.30 14 6.79%
4 Barclays 3,308.76 11 6.71%
5 Credit Agricole CIB 3,046.24 15 6.18%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 397.10 3 12.77%
2 JPMorgan 300.50 3 9.66%
3 Deutsche Bank 200.50 2 6.45%
4 Credit Agricole CIB 193.60 2 6.22%
5 UBS 187.50 2 6.03%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
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1 Citi 3,219.24 22 10.20%
2 JPMorgan 2,544.70 20 8.06%
3 Credit Suisse 2,364.95 15 7.49%
4 Goldman Sachs 2,331.78 17 7.39%
5 Barclays 2,307.33 19 7.31%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Barclays 4,228.88 14 6.78%
2 Citi 4,092.60 11 6.56%
3 Deutsche Bank 3,663.73 11 5.87%
4 SG Corporate & Investment Banking 3,548.58 14 5.69%
5 Bank of America Merrill Lynch 3,179.12 11 5.09%