Ayala starts with institutions in Ps10bn-Ps15bn bond plan

Ayala Land, the biggest developer in the Philippines, is approaching bond investors in its local market for as much as Ps15bn ($349m) of funding. The company is now pitching the deal to institutional accounts, but could soon bring in retail investors to help it exercise a greenshoe.

  • By GlobalCapital
  • 27 Mar 2012
Bankers are expecting a swell in bond volumes over the next few months. Globe Telecom; SM Development Corp; and Ayala Corp, the holding company that owns Ayala Land, Globe Telecom, Bank of the Philippine Islands and several other companies, are all planning to launch their own deals next ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 174,796.79 765 7.14%
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3 Citi 137,825.04 739 5.63%
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5 Barclays 106,582.38 490 4.35%

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3 Deutsche Bank 24,247.02 105 2.33%
4 SG Corporate & Investment Banking 21,192.48 112 2.04%
5 HSBC 19,467.45 94 1.87%

Bookrunners of European HY Bonds

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5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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2 Citi 28,905.88 231 8.39%
3 Bank of America Merrill Lynch 28,820.93 250 8.36%
4 Goldman Sachs 24,953.24 183 7.24%
5 Barclays 23,123.01 154 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 28,102.94 134 6.34%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,973.95 128 5.86%
5 Citi 23,312.66 103 5.26%