Citi wins Centrica block, but pricing could make eyes water

The block trade party might not yet be in full swing in European ECM while so many targets remain in closed period or lock-up, but the launch late on Wednesday of a big sale of shares in UK gas supplier Centrica did at least give equity bankers at sole bookrunner Citi reason to be busy. Whether it also gives them reason to be cheerful depends on how things go through the rest of Wednesday evening.

  • 08 Feb 2012
Centrica's joint brokers, UBS and Goldman Sachs, might be a little unhappy, one assumes — even though, with Malaysia's Petronas as the seller, there would be no automatic expectation of broker involvement. Nonetheless, EuroWeek understands that both brokers had been trying as recently as Thursday morning to ascertain whether the Malaysian company ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 67,814.25 217 8.37%
2 JPMorgan 64,786.86 230 8.00%
3 Barclays 55,262.22 183 6.82%
4 Bank of America Merrill Lynch 48,274.42 172 5.96%
5 Deutsche Bank 43,665.36 159 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Bank of America Merrill Lynch 6,217.19 6 15.22%
2 Deutsche Bank 3,538.77 6 8.66%
3 Citi 2,570.45 7 6.29%
4 Commerzbank Group 2,532.05 5 6.20%
5 BNP Paribas 1,798.71 8 4.40%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UBS 998.25 3 12.17%
2 Citi 693.55 2 8.46%
3 Morgan Stanley 606.80 4 7.40%
4 Bank of America Merrill Lynch 509.34 3 6.21%
5 Jefferies LLC 409.89 4 5.00%