Pernod and Terna keep up brisk corporate supply

Europe’s corporate borrowers piled into the bond market for the second day running on Tuesday as Pernod Ricard and Terna launched deals worth a total of Eu2.25bn. UCB, meanwhile, priced a Eu300m unrated hybrid note.

  • 08 Mar 2011

French distiller Pernod, rated Ba1/BB+/BB+, was expected to print a Eu1bn six year deal in the afternoon at 193bp over mid-swaps, or a yield of about 5.1%.

Investors placed more than Eu3.5bn of orders for the bond, which followed a global investor call on Monday.

“Pernod’s in a deleveraging ...

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 JPMorgan 125,350.32 549 5.91%
2 Bank of America Merrill Lynch 123,530.63 522 5.82%
3 Citi 101,828.00 535 4.80%
4 Barclays 84,284.85 343 3.97%
5 Goldman Sachs 83,539.45 324 3.94%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,401.19 124 8.95%
2 Deutsche Bank 22,113.09 83 6.97%
3 SG Corporate & Investment Banking 20,892.79 99 6.58%
4 UniCredit 17,012.87 79 5.36%
5 HSBC 16,474.81 91 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.82%
2 BNP Paribas 4,918.81 57 6.96%
3 Deutsche Bank 4,372.15 44 6.18%
4 JPMorgan 3,977.60 45 5.63%
5 Credit Suisse 3,757.05 40 5.31%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,288.85 117 5.97%
2 BNP Paribas 27,457.09 117 5.80%
3 Barclays 26,271.31 92 5.55%
4 JPMorgan 26,099.31 90 5.51%
5 Deutsche Bank 24,766.67 100 5.23%