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Nestlé keeps it short and sweet with €500m at 5bp over

Nestlé today returned to the euro bond market for the third time since announcing its $11.85bn acquisition of Pfizer’s infant nutrition business in April. Many investors in Europe are now more hungry for spread than safety, so the €500m deal was more muted than some of Nestlé’s, but it still priced extremely tightly.

  • 11 Oct 2012

The €500m no-grow four year bond came just two days after Nestlé had sold a $500m long five year Eurodollar, but a banker at one of today’s leads said the banks had advised Nestlé that was no obstacle, as the two notes would go to different investor bases.

Bank ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Last updated
  • Today
1 JPMorgan 118,374.89 527 5.99%
2 Bank of America Merrill Lynch 116,579.22 501 5.90%
3 Citi 95,782.80 502 4.84%
4 Goldman Sachs 80,416.88 312 4.07%
5 Barclays 79,687.28 327 4.03%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Last updated
  • Today
1 BNP Paribas 26,462.31 118 8.90%
2 Deutsche Bank 21,930.45 80 7.38%
3 SG Corporate & Investment Banking 19,469.33 94 6.55%
4 HSBC 16,015.57 89 5.39%
5 UniCredit 15,855.58 73 5.33%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Goldman Sachs 5,404.19 42 7.80%
2 BNP Paribas 4,918.81 57 7.10%
3 Deutsche Bank 4,345.09 43 6.27%
4 JPMorgan 3,950.54 44 5.70%
5 Credit Suisse 3,757.05 40 5.42%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 20,123.74 153 10.29%
2 Goldman Sachs 15,830.49 107 8.09%
3 Credit Suisse 13,309.03 95 6.80%
4 Bank of America Merrill Lynch 13,267.41 122 6.78%
5 Citi 12,928.46 108 6.61%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 28,248.54 116 6.20%
2 BNP Paribas 26,572.93 113 5.83%
3 Barclays 25,943.52 91 5.69%
4 JPMorgan 25,259.22 83 5.54%
5 Citi 24,204.97 95 5.31%