Telecom Italia’s year-closing €1bn trades up as rally drives on

Telecom Italia’s €1bn bond, issued last Friday as the last benchmark European investment grade corporate bond of 2012, has tightened by 15bp in the secondary market, as the rally in credit grinds on right to year end.

  • 19 Dec 2012
The deal was the second Telecom Italia had issued since the summer – even though in early June, the company told EuroWeek it had done all its planned funding for the year. That was after a successful €1.5bn deal, split equally between three and 6.5 year tranches, priced ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 110,303.90 553 5.93%
2 Citi 100,206.73 515 5.38%
3 Bank of America Merrill Lynch 98,373.21 498 5.29%
4 Barclays 84,920.85 367 4.56%
5 Goldman Sachs 74,146.89 361 3.98%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Barclays 24,574.00 69 7.78%
2 BNP Paribas 22,906.48 127 7.25%
3 Deutsche Bank 19,972.27 94 6.32%
4 SG Corporate & Investment Banking 18,114.30 84 5.73%
5 Bank of America Merrill Lynch 17,700.68 61 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.01%
2 JPMorgan 4,489.79 35 7.38%
3 Deutsche Bank 4,163.77 26 6.84%
4 Goldman Sachs 4,137.68 31 6.80%
5 Barclays 3,944.19 26 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,777.85 178 9.62%
2 Citi 20,535.92 160 9.07%
3 Goldman Sachs 16,887.66 130 7.46%
4 Bank of America Merrill Lynch 16,122.51 140 7.12%
5 Morgan Stanley 14,536.57 101 6.42%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,308.46 122 5.81%
2 Barclays 19,878.90 81 5.42%
3 JPMorgan 18,474.40 88 5.04%
4 Citi 18,378.50 91 5.01%
5 Bank of America Merrill Lynch 18,346.43 72 5.00%