GE skips US holiday to raise tight €1.25bn

GE Capital chose Presidents’ Day to launch its first fixed rate benchmark bond in euros for nearly a year, and was rewarded for working overtime with €1.25bn at what bankers said was a tight spread.

  • 24 Feb 2012

Although the US holiday was one reason bankers cited for why European issuers stayed out of the market on Monday, GE found plenty of European investors at their desks — enough to amass a book of "well over €4bn", according to one of the leads.

The US industrial and ...

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5 Barclays 106,206.79 488 4.38%

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5 HSBC 19,467.45 94 5.62%

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5 BNP Paribas 5,941.97 66 2.82%

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1 JPMorgan 37,132.38 289 10.79%
2 Citi 28,905.88 231 8.40%
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5 Barclays 23,023.01 153 6.69%

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 6.35%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,944.81 127 5.86%
5 Citi 23,312.66 103 5.26%