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Polsat stake comes at slim discount

A Z1.35bn ($489m) sale of shares in Polish satellite television operator Cyrfrowy Polsat on Wednesday afternoon priced just 2.3% below the price of the stock before the deal launched – a remarkable achievement given recent market volatility.

  • 22 Jun 2011

Deutsche Bank and Credit Agricole were bookrunners for the sale by Polsat shareholders Zygmunt Solorz-Zak, who retains a majority stake in the company, and Heronim Ruta.

A total of 86.1m shares – representing 24.72% of Polsat – were sold at Z15.7 compared to a market close of Z16.07 before the deal was ...

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Bond Comments

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 159,441.15 688 8.06%
2 Citi 156,412.44 629 7.91%
3 Bank of America Merrill Lynch 128,902.57 511 6.52%
4 Barclays 125,463.27 484 6.34%
5 HSBC 102,014.24 510 5.16%

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1 Bank of America Merrill Lynch 12,900.23 34 6.66%
2 BNP Paribas 12,334.48 61 6.37%
3 UniCredit 11,196.47 58 5.78%
4 Citi 9,580.75 37 4.95%
5 Deutsche Bank 8,953.95 35 4.62%

Bookrunners of all EMEA ECM Issuance

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1 Morgan Stanley 5,254.13 23 10.50%
2 JPMorgan 4,766.39 27 9.53%
3 Goldman Sachs 4,259.98 19 8.51%
4 Citi 3,649.88 23 7.29%
5 UBS 3,602.23 16 7.20%