Unrated Sixt finds keen bid for €250m at tight end

Sixt, the German car rental company, issued a €250m bond successfully on May 11, showing that investors will still buy unrated, sub-benchmark sized bonds, despite the dark clouds hanging over Europe’s economy and financial markets.

  • 18 May 2012

The deal was sold on the same day as Bureau Veritas, the unrated French testing and certification group, held a global conference call with investors. Bureau Veritas went on to sell its €500m bond on Tuesday (see page 18).

Like Bureau Veritas, Sixt is regarded as quasi-investment grade. The ...

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5 HSBC 19,467.45 94 1.87%

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Bookrunners of Dollar Denominated HY Bonds

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5 Barclays 23,123.01 154 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 28,102.94 134 6.34%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,973.95 128 5.86%
5 Citi 23,312.66 103 5.26%