Rain Commodities launches €515m high yield for Rütgers buy

Rain Commodities, an Indian industrial firm, has launched a $400m and €210m high yield bond to finance its takeover of Rütgers, the German speciality chemicals company. The deal was announced on Wednesday morning and the first investor meetings took place in the afternoon.

  • 05 Dec 2012

The euro and dollar notes are senior secured second lien securities. The tenor is eight years with no call for the first three years.

Bookrunners Citigroup (left lead) and Goldman Sachs have arranged a full roadshow in Europe and the US for the issuer, with meetings in London ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,909.69 329 5.49%
2 Citi 62,491.67 319 5.29%
3 Bank of America Merrill Lynch 59,194.98 310 5.01%
4 Barclays 53,154.18 230 4.50%
5 Morgan Stanley 44,095.48 262 3.73%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 15,969.80 42 8.15%
2 SG Corporate & Investment Banking 13,083.29 52 6.68%
3 BNP Paribas 12,515.78 72 6.39%
4 Deutsche Bank 11,818.83 59 6.03%
5 Citi 11,677.27 53 5.96%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.37%
2 Citi 2,605.77 18 7.34%
3 BNP Paribas 2,567.12 24 7.23%
4 JPMorgan 2,467.56 18 6.95%
5 Goldman Sachs 1,928.73 16 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,123.16 113 9.93%
2 Citi 12,838.91 103 9.03%
3 Bank of America Merrill Lynch 10,373.60 87 7.29%
4 Goldman Sachs 10,251.14 76 7.21%
5 Morgan Stanley 8,443.55 63 5.94%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 12,457.71 53 5.50%
2 BNP Paribas 12,133.80 69 5.36%
3 Citi 12,116.90 53 5.35%
4 Barclays 10,524.24 47 4.65%
5 JPMorgan 10,500.61 46 4.64%