Ascometal changes loan status to woo buyers

The high yield bond sale for French steelmaker Ascometal went very quiet this week, but some market participants said the deal was being restructured.

  • 05 Apr 2012

Last week a banker close to the deal had denied reports that the transaction had been pulled, and said bookrunners Bank of America Merrill Lynch and Morgan Stanley were still working on it.

Ascometal wanted to raise €300m of B3/B- rated eight year senior secured notes through Captain BidCo, ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 107,057.91 536 5.93%
2 Citi 97,982.52 503 5.43%
3 Bank of America Merrill Lynch 93,417.04 477 5.18%
4 Barclays 82,746.08 357 4.59%
5 Goldman Sachs 72,129.66 351 4.00%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 23,881.98 65 8.04%
2 BNP Paribas 21,246.52 120 7.15%
3 Deutsche Bank 18,113.62 87 6.10%
4 SG Corporate & Investment Banking 17,453.03 80 5.87%
5 Bank of America Merrill Lynch 16,800.86 56 5.65%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,477.09 30 9.39%
2 Deutsche Bank 4,159.22 26 7.13%
3 JPMorgan 4,107.86 33 7.05%
4 Barclays 3,856.31 25 6.61%
5 Goldman Sachs 3,785.14 29 6.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,290.12 175 9.59%
2 Citi 20,439.86 159 9.20%
3 Goldman Sachs 16,517.10 127 7.44%
4 Bank of America Merrill Lynch 15,491.95 134 6.98%
5 Morgan Stanley 14,358.47 98 6.47%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,764.80 117 5.75%
2 Barclays 18,752.59 77 5.46%
3 Citi 17,788.18 88 5.18%
4 SG Corporate & Investment Banking 17,460.83 84 5.08%
5 JPMorgan 16,953.30 81 4.93%