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 Bank of America Merrill Lynch 112,277.76 473 6.00%
2 JPMorgan 109,878.92 495 5.87%
3 Citi 88,017.80 470 4.70%
4 Barclays 76,951.08 312 4.11%
5 Goldman Sachs 74,833.83 295 4.00%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 24,479.91 110 8.83%
2 Deutsche Bank 20,556.46 75 7.41%
3 SG Corporate & Investment Banking 19,141.02 90 6.90%
4 UniCredit 15,521.61 71 5.60%
5 HSBC 14,553.77 82 5.25%

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 10.09%
2 Goldman Sachs 14,341.06 101 7.56%
3 Credit Suisse 13,243.20 94 6.98%
4 Bank of America Merrill Lynch 12,775.52 117 6.73%
5 Morgan Stanley 12,558.86 88 6.62%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,998.97 110 6.15%
2 BNP Paribas 24,691.87 107 5.84%
3 Barclays 24,303.18 86 5.75%
4 Deutsche Bank 22,812.36 93 5.40%
5 Citi 21,968.90 89 5.20%