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 99,162.79 451 5.86%
2 Bank of America Merrill Lynch 98,747.53 434 5.84%
3 Citi 83,515.01 439 4.94%
4 Barclays 72,887.24 287 4.31%
5 Goldman Sachs 67,458.35 264 3.99%

Bookrunners of Euro Denominated Corporate IG Bonds

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1 BNP Paribas 21,922.23 100 8.77%
2 Deutsche Bank 18,365.60 68 7.35%
3 SG Corporate & Investment Banking 17,313.06 81 6.93%
4 UniCredit 14,560.49 67 5.82%
5 HSBC 12,711.09 71 5.08%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 BNP Paribas 4,199.27 50 7.07%
2 Deutsche Bank 3,839.34 38 6.46%
3 Goldman Sachs 3,725.55 31 6.27%
4 JPMorgan 3,599.75 39 6.06%
5 Credit Suisse 3,406.43 36 5.73%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 17,476.08 137 9.98%
2 Credit Suisse 12,881.03 89 7.35%
3 Goldman Sachs 12,373.76 90 7.06%
4 Citi 12,061.47 102 6.88%
5 Bank of America Merrill Lynch 11,966.50 108 6.83%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 24,095.98 100 6.17%
2 BNP Paribas 22,554.34 96 5.78%
3 Barclays 22,506.00 76 5.76%
4 Citi 21,179.37 84 5.42%
5 Deutsche Bank 21,068.78 84 5.40%