Solvay intervenes in tense Rhodia consent solicitation

Solvay, the Belgian chemicals company that took over Rhodia in September, has said Rhodia’s bonds are subject to a cross-default with its own.

  • 13 Dec 2011
The announcement came just days before the deadline in a consent solicitation process, in which Rhodia is asking investors in its bonds to agree that Rhodia no longer has to produce separate financial reports. Credit Suisse is handling the consent solicitation, for which the deadline is on Friday ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,256.91 29 8.96%
2 Deutsche Bank 6,112.20 15 6.63%
3 Goldman Sachs 5,554.24 18 6.03%
4 JPMorgan 5,465.22 19 5.93%
5 Barclays 5,207.98 15 5.65%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,337.52 8 7.31%
2 BNP Paribas 1,118.03 6 6.11%
3 Barclays 1,100.14 4 6.01%
4 Commerzbank Group 1,054.99 6 5.77%
5 UniCredit 1,046.44 7 5.72%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
3 UniCredit 113.00 1 7.09%
3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 420.00 3 15.69%
2 TD Securities Inc 304.57 2 11.38%
3 Wells Fargo Securities 250.00 1 9.34%
3 Jefferies LLC 250.00 1 9.34%
3 Goldman Sachs 250.00 1 9.34%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,729.81 7 8.29%
2 Barclays 2,499.67 4 7.59%
3 Bank of America Merrill Lynch 2,436.88 6 7.40%
4 JPMorgan 2,303.98 3 7.00%
5 MUFG 2,123.57 3 6.45%