BASF, Eandis, Nestlé win solid books as strong week starts

BASF, the German speciality chemicals company, returned to the euro bond market on Monday, two months after its last deal, but far from putting investors off, this new supply of its credit was welcomed as investors fed their craving for investment grade credit.

  • 30 Nov 2012

The A1/A+ stably rated company is a favourite with investors, especially in Germany, and home demand was so keen that it dominated the book.

On September 24 the company had sold a €750m six year bond at 45bp over mid-swaps, with a book of nearly €2bn.

This time, there ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 125,350.32 549 5.93%
2 Bank of America Merrill Lynch 122,750.63 519 5.81%
3 Citi 101,738.87 533 4.81%
4 Barclays 84,126.63 341 3.98%
5 Goldman Sachs 83,290.95 322 3.94%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 28,401.19 124 8.95%
2 Deutsche Bank 22,113.09 83 6.97%
3 SG Corporate & Investment Banking 20,911.95 99 6.59%
4 UniCredit 17,032.03 79 5.37%
5 HSBC 16,474.81 91 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Goldman Sachs 5,527.11 43 7.83%
2 BNP Paribas 4,918.81 57 6.97%
3 Deutsche Bank 4,372.15 44 6.19%
4 JPMorgan 3,977.60 45 5.64%
5 Credit Suisse 3,757.05 40 5.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,288.85 117 5.99%
2 BNP Paribas 27,457.09 117 5.81%
3 Barclays 26,271.31 92 5.56%
4 JPMorgan 26,099.31 90 5.52%
5 Deutsche Bank 24,766.67 100 5.24%