BAA taps RPI linker calmly for £95m despite edgy market

BAA, the UK airports group, sold its fifth bond issue of the year on Thursday, raising £95m by tapping its 2039 index-linked bond in response to a reverse enquiry.

  • 23 Mar 2012
Apart from the €500m issue by ArcelorMittal, this was the only investment grade corporate issue in euros or sterling on Thursday, amid unsettled markets. The Markit iTraxx Europe Main index sold off 3bp during the day, while the Crossover widened 31bp.
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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 122,632.84 534 6.01%
2 Bank of America Merrill Lynch 120,997.22 507 5.93%
3 Citi 97,539.90 510 4.78%
4 Barclays 82,932.95 333 4.07%
5 Goldman Sachs 81,894.66 314 4.01%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,154.25 121 9.08%
2 Deutsche Bank 21,930.45 80 7.07%
3 SG Corporate & Investment Banking 19,469.33 94 6.28%
4 HSBC 17,074.35 90 5.51%
5 UniCredit 16,415.49 76 5.29%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,404.19 42 7.74%
2 BNP Paribas 4,918.81 57 7.04%
3 Deutsche Bank 4,345.09 43 6.22%
4 JPMorgan 3,950.54 44 5.65%
5 Credit Suisse 3,757.05 40 5.38%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,123.74 153 10.15%
2 Goldman Sachs 15,830.49 107 7.98%
3 Credit Suisse 13,629.27 97 6.87%
4 Bank of America Merrill Lynch 13,267.41 122 6.69%
5 Citi 13,132.03 109 6.62%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,248.54 116 6.12%
2 BNP Paribas 27,206.08 115 5.89%
3 Barclays 25,943.52 91 5.62%
4 JPMorgan 25,832.56 86 5.60%
5 Deutsche Bank 24,198.66 96 5.24%