No pick-up for investors as Telstra pockets €1bn

Telstra, the Australian telecoms company, brought to fruition the investor marketing it did in Europe in the last week of February, by issuing a €1bn bond today that one observer saw as priced flat to its own secondary curve.

  • 14 Mar 2012
Half a dozen Australian companies have roadshowed in Europe in the past six months and decided not to issue, as they can obtain much better pricing in Australian dollars, mainly because of the basis swap cost. However, bankers had flagged Telstra as the most likely to go through ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 42,922.69 206 5.57%
2 Citi 41,586.42 196 5.40%
3 Bank of America Merrill Lynch 39,478.72 192 5.12%
4 Barclays 36,273.83 151 4.71%
5 Deutsche Bank 30,957.30 148 4.02%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 12,052.82 29 9.36%
2 SG Corporate & Investment Banking 9,163.95 33 7.12%
3 Deutsche Bank 8,910.77 40 6.92%
4 Bank of America Merrill Lynch 8,791.13 27 6.83%
5 BNP Paribas 8,029.09 40 6.24%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • Today
1 JPMorgan 1,571.85 12 9.08%
2 Deutsche Bank 1,337.93 10 7.73%
3 BNP Paribas 1,305.75 15 7.54%
4 Goldman Sachs 1,225.64 11 7.08%
5 Citi 1,208.83 11 6.98%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 9,429.53 69 10.49%
2 Citi 8,913.64 63 9.92%
3 Bank of America Merrill Lynch 6,050.36 46 6.73%
4 Goldman Sachs 5,765.16 41 6.41%
5 Morgan Stanley 5,492.04 36 6.11%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,515.30 33 5.49%
2 Citi 8,108.21 29 5.22%
3 Barclays 7,869.78 33 5.07%
4 BNP Paribas 7,595.48 38 4.89%
5 Credit Agricole CIB 7,348.67 37 4.73%