Carlson Wagonlit prices €300m and $465m deal at tight end as buyers warm to low debt

Dutch business travel operator Carlson Wagonlit priced its planned $850m high yield bond on Wednesday with a larger euro tranche than guidance had suggested, even as other issuers have struggled in the market.

  • 11 May 2012

German-French roofing company Monier postponed its €250m debut bond on Wednesday and French car rental company Europcar had to reprice and change the structure of its transaction on Friday to sell its deal.

Yet B1/B+ rated Carlson Wagonlit raised €300m of 7.5% June 2019 bonds, when talk had been ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 7,410.35 20 9.53%
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4 JPMorgan 4,873.13 16 6.27%
5 Goldman Sachs 4,516.62 13 5.81%

Bookrunners of Euro Denominated Corporate IG Bonds

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4 Commerzbank Group 1,054.99 6 6.47%
5 JPMorgan 1,009.92 4 6.19%

Bookrunners of European HY Bonds

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Bookrunners of Dollar Denominated HY Bonds

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2 SG Corporate & Investment Banking 130.00 1 6.05%
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2 Citi 130.00 1 6.05%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 2,636.08 6 8.72%
2 Barclays 2,499.67 4 8.27%
3 JPMorgan 2,303.98 3 7.62%
4 MUFG 2,123.57 3 7.02%
5 Bank of America Merrill Lynch 2,054.92 4 6.79%