TMF Group ready to sell €580m HY debut on Friday

TMF Group, the Dutch business services provider owned by Doughty Hanson, is preparing to sell its debut high yield bond today (Friday). Bookrunners released guidance for the €580m B1/B rated senior secured floating rate notes and Caa1/CCC+ rated senior fixed rate notes on Thursday.

  • 30 Nov 2012

The secured €380m 2018 FRN was talked in the 550bp-575bp over Euribor area at a discount of 99.00, while the €200m 2019 unsecured notes were guided in the 10% area at par.

Books were due to close at 10am UK time on Friday with pricing thereafter.

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Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 5,647.81 35 5.99%
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1 BNP Paribas 2,424.26 9 10.57%
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5 ING 1,477.05 5 6.44%

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Rank Lead Manager Amount €m No of issues Share %
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1 BNP Paribas 472.73 3 8.70%
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Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,942.03 15 9.59%
2 Bank of America Merrill Lynch 1,559.21 15 7.70%
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5 Morgan Stanley 1,381.20 11 6.82%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,459.18 9 9.92%
2 UniCredit 1,892.23 6 7.63%
3 Bank of America Merrill Lynch 1,585.30 5 6.39%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.36%
5 ING 1,477.05 5 5.96%