Unibail-Rodamco follows the mode and scorns new issue premium

In this week’s super-hot European corporate bond market, there was a sudden lull in issuance today – all the better for Unibail-Rodamco, the French property company rated A/A, which launched its first bond of the year.

  • 15 Mar 2012

The €750m seven year deal, led by ABN Amro, Crédit Agricole, Deutsche Bank, Morgan Stanley and Société Générale, followed a €500m six year issue on December 6.

That deal came at a good moment, after an agreement between French president Nicolas Sarkozy and German chancellor Angela Merkel, but ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 6,571.35 36 6.34%
2 Bank of America Merrill Lynch 5,728.88 36 5.53%
3 Citi 5,430.43 41 5.24%
4 HSBC 5,212.98 36 5.03%
5 BNP Paribas 4,994.98 27 4.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,505.33 10 10.40%
2 UniCredit 1,973.31 7 8.19%
3 Bank of America Merrill Lynch 1,666.37 6 6.91%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.55%
5 ING 1,477.05 5 6.13%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 553.99 4 8.96%
2 Credit Suisse 511.12 5 8.26%
3 BNP Paribas 472.73 3 7.64%
4 Barclays 413.98 4 6.69%
5 JPMorgan 409.23 3 6.62%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,178.82 15 9.29%
2 Citi 2,107.81 16 8.99%
3 Morgan Stanley 2,006.20 12 8.55%
4 Bank of America Merrill Lynch 1,559.21 15 6.65%
5 Deutsche Bank 1,550.60 9 6.61%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,459.18 9 9.61%
2 UniCredit 1,892.23 6 7.39%
3 Bank of America Merrill Lynch 1,585.30 5 6.20%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.16%
5 ING 1,477.05 5 5.77%