Nobina tries exchange to avoid second default

Nobina, the Swedish company that operates bus services in several Nordic countries, is waiting for one noteholder to consent to an exchange offer for its bonds maturing in less than four weeks’ time.

  • 06 Jul 2012

The company has about €85m of 9.125% bonds that are due to mature on August 1.

Nobina wants investors to exchange them for Skr860m (€97m) of new notes due December 31, 2014, which they would buy at a price of 87.50. This equals about €85m — the volume outstanding ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,755.02 549 5.87%
2 Bank of America Merrill Lynch 124,444.29 528 5.80%
3 Citi 102,522.76 538 4.78%
4 Barclays 83,950.26 342 3.92%
5 Goldman Sachs 83,598.93 327 3.90%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,066.59 123 8.88%
2 Deutsche Bank 22,255.37 84 7.04%
3 SG Corporate & Investment Banking 20,558.20 98 6.50%
4 UniCredit 17,012.87 79 5.38%
5 HSBC 16,282.49 91 5.15%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.80%
2 BNP Paribas 4,918.81 57 6.94%
3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,454.25 115 5.81%
2 BNP Paribas 27,238.89 117 5.76%
3 JPMorgan 26,076.85 89 5.52%
4 Barclays 25,936.71 91 5.49%
5 Deutsche Bank 24,766.67 100 5.24%