Alrosa prints largest Russian ECP issue ever

Diamond mining firm Alrosa broke records this week, printing the largest ever euro commercial paper (ECP) issue from a Russian borrower. The move has buoyed hopes that more Russian issuers will come to the fore.

  • 16 Mar 2012

The firm sold a dual tranche trade on Wednesday, split into a $725m nine month piece and a $315m 12 month piece. It then followed up with a $260m seven year deal, bringing the total amount of debt printed by the issuer this week to $1.3bn.

"This financing ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 43,390.54 209 5.56%
2 Citi 41,929.67 199 5.37%
3 Bank of America Merrill Lynch 39,821.96 195 5.10%
4 Barclays 36,376.87 154 4.66%
5 Deutsche Bank 30,984.58 149 3.97%

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 9.34%
2 SG Corporate & Investment Banking 9,231.34 34 7.15%
3 Deutsche Bank 8,910.77 40 6.91%
4 Bank of America Merrill Lynch 8,791.13 27 6.81%
5 BNP Paribas 8,096.49 41 6.27%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 1,571.85 12 9.06%
2 Deutsche Bank 1,337.93 10 7.71%
3 BNP Paribas 1,305.75 15 7.53%
4 Goldman Sachs 1,225.64 11 7.07%
5 Citi 1,208.83 11 6.97%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 9,456.80 70 10.37%
2 Citi 9,049.24 65 9.92%
3 Bank of America Merrill Lynch 6,185.97 48 6.78%
4 Goldman Sachs 5,900.77 43 6.47%
5 Morgan Stanley 5,519.31 37 6.05%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,582.70 34 5.52%
2 Citi 8,108.21 29 5.21%
3 Barclays 7,869.78 33 5.06%
4 BNP Paribas 7,662.88 39 4.93%
5 Credit Agricole CIB 7,416.07 38 4.77%