Deutsche Telekom gets another €500m very tightly from small band of friends

Deutsche Telekom is renowned as an issuer that likes to do its own thing, in its own way, and its seven year bond issue on Wednesday was no exception. The deal raised €500m of tightly priced seven year funding for DT, but is unlikely to have made it any new friends in the bond market.

  • 26 Oct 2012

Market participants were startled to see the German telecoms company, rated Baa1/BBB+/BBB+, return to the euro market so quickly. It had not issued in the currency publicly since October 2010, but on Wednesday last week it had sold a €650m 12 year issue.

That deal, led by Deutsche ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 92,384.85 456 5.80%
2 Citi 84,450.96 433 5.30%
3 Bank of America Merrill Lynch 81,574.39 418 5.12%
4 Barclays 72,658.86 310 4.56%
5 Goldman Sachs 60,467.58 295 3.80%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 20,742.43 55 8.42%
2 BNP Paribas 16,618.78 95 6.74%
3 SG Corporate & Investment Banking 15,444.68 68 6.27%
4 Deutsche Bank 15,425.41 75 6.26%
5 Bank of America Merrill Lynch 14,210.20 46 5.77%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.05%
4 Barclays 3,441.80 22 6.67%
5 Goldman Sachs 3,389.62 26 6.57%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 18,847.11 143 9.43%
2 JPMorgan 18,279.02 147 9.15%
3 Goldman Sachs 14,831.56 109 7.42%
4 Bank of America Merrill Lynch 14,255.85 117 7.13%
5 Morgan Stanley 12,912.93 86 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,729.40 94 5.69%
2 SG Corporate & Investment Banking 15,447.25 71 5.26%
3 Barclays 15,378.47 64 5.23%
4 JPMorgan 15,198.08 67 5.17%
5 Citi 14,790.34 69 5.03%