Orange Switz comes back for Apax divi

Fewer than three weeks after its Sfr180m bond issue, Orange Switzerland returned to the European high yield market on Monday. This time, the Swiss telecoms company raised €155m of February 2020 subordinated notes to pay a dividend to its owner, Apax.

  • 28 Sep 2012

After an investor call in the morning, global coordinators Credit Suisse and Deutsche Bank and other bookrunners UBS, Citigroup, JP Morgan and Morgan Stanley sold the notes at the tight end of 7.75% to 8% area guidance. The bonds were slightly below par on Thursday.

The notes have the ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 111,920.15 472 6.00%
2 JPMorgan 109,521.31 494 5.87%
3 Citi 87,892.80 469 4.71%
4 Barclays 76,951.08 312 4.12%
5 Goldman Sachs 74,351.23 293 3.98%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 24,290.52 109 8.78%
2 Deutsche Bank 20,556.46 75 7.43%
3 SG Corporate & Investment Banking 19,141.02 90 6.92%
4 UniCredit 15,521.61 71 5.61%
5 HSBC 14,553.77 82 5.26%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,048.40 37 7.53%
2 BNP Paribas 4,834.62 56 7.21%
3 Deutsche Bank 4,245.09 42 6.33%
4 JPMorgan 3,756.57 41 5.60%
5 Credit Suisse 3,672.86 39 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,149.85 147 10.24%
2 Goldman Sachs 14,216.06 100 7.60%
3 Credit Suisse 13,243.20 94 7.08%
4 Bank of America Merrill Lynch 12,775.52 117 6.83%
5 Citi 12,347.90 105 6.60%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,998.97 110 6.16%
2 BNP Paribas 24,502.49 106 5.81%
3 Barclays 24,303.18 86 5.76%
4 Deutsche Bank 22,812.36 93 5.41%
5 Citi 21,968.90 89 5.21%