Indian Oil Corp nails timing for dollar bond, but fears remain

Indian Oil Corp braved the dollar bond market this week, snatching a brief window of opportunity that allowed the company to overcome investors’ continuing fears over problems in Europe and the US. Bankers are now hoping for a smooth end to US debt ceiling negotiations in time for the August 2 deadline, which could lead to a resurgence of bond issuance next week.

  • 28 Jul 2011

Bookrunners BNP Paribas, Citi and Royal Bank of Scotland priced the $500m 10 year bond on Monday at 275bp over Treasuries, at the tight end of 275bp-285bp spread guidance.

The three leads managed to execute the deal within a day, surprising some bankers who thought a lack of ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,410.35 20 9.53%
2 Deutsche Bank 6,018.47 14 7.74%
3 Barclays 4,950.16 12 6.36%
4 JPMorgan 4,873.13 16 6.27%
5 Goldman Sachs 4,516.62 13 5.81%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,243.79 7 7.63%
2 BNP Paribas 1,118.03 6 6.86%
3 Barclays 1,100.14 4 6.75%
4 Commerzbank Group 1,054.99 6 6.47%
5 JPMorgan 1,009.92 4 6.19%

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 213.33 2 9.92%
2 UniCredit 130.00 1 6.05%
2 SG Corporate & Investment Banking 130.00 1 6.05%
2 JPMorgan 130.00 1 6.05%
2 Citi 130.00 1 6.05%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,636.08 6 8.72%
2 Barclays 2,499.67 4 8.27%
3 JPMorgan 2,303.98 3 7.62%
4 MUFG 2,123.57 3 7.02%
5 Bank of America Merrill Lynch 2,054.92 4 6.79%