Akerys investors face new distressed tender

French investment group Qualis is restructuring the bonds of its subsidiary, property developer Akerys, for the second time. The transaction includes a consent solicitation to eliminate the securities’ covenants and collateral, and Qualis is believed to have nearly enough votes to approve the changes.

  • 21 Oct 2011

Akerys is a French residential property developer and services provider whose website says it has 110,000 clients and 2,140 employees. Qualis has been its leading shareholder since at least 2006.

In July 2007 Akerys launched a €300m floating rate note, lead managed by BNP Paribas, Calyon and Société Générale, ...

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 Bank of America Merrill Lynch 84,129.70 379 5.88%
2 JPMorgan 83,088.77 403 5.80%
3 Citi 67,851.45 386 4.74%
4 Barclays 62,732.35 240 4.38%
5 Goldman Sachs 59,388.99 229 4.15%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,987.74 82 9.19%
2 Deutsche Bank 16,651.33 61 8.06%
3 SG Corporate & Investment Banking 14,054.70 64 6.81%
4 UniCredit 11,756.26 51 5.69%
5 HSBC 11,205.29 61 5.43%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,863.89 45 7.26%
2 Goldman Sachs 3,593.75 29 6.75%
3 JPMorgan 3,391.91 36 6.37%
4 Deutsche Bank 3,241.44 30 6.09%
5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,833.26 127 9.86%
2 Citi 11,539.69 98 7.19%
3 Goldman Sachs 11,025.83 85 6.87%
4 Bank of America Merrill Lynch 10,994.65 101 6.85%
5 Barclays 10,908.60 83 6.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,417.95 85 6.43%
2 BNP Paribas 19,882.59 80 6.27%
3 Barclays 18,647.73 58 5.88%
4 Deutsche Bank 17,562.97 71 5.53%
5 Citi 17,493.26 69 5.51%