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 ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 67,938.00 314 6.11%
2 Bank of America Merrill Lynch 67,202.94 309 6.05%
3 Citi 51,621.23 301 4.65%
4 Barclays 51,076.84 194 4.60%
5 Goldman Sachs 48,927.10 182 4.40%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,574.99 64 9.74%
2 SG Corporate & Investment Banking 12,201.63 53 7.17%
3 Deutsche Bank 11,409.70 49 6.70%
4 Goldman Sachs 10,070.57 26 5.92%
5 JPMorgan 9,535.19 43 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,908.04 34 7.69%
2 JPMorgan 2,667.48 29 7.05%
3 Credit Suisse 2,342.19 23 6.19%
4 Goldman Sachs 2,130.55 21 5.63%
5 Deutsche Bank 1,993.88 21 5.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,362.60 98 9.89%
2 Citi 9,045.27 76 7.23%
3 Barclays 8,801.09 64 7.04%
4 Bank of America Merrill Lynch 8,770.59 82 7.01%
5 Goldman Sachs 8,019.67 66 6.41%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 17,636.43 68 6.78%
2 JPMorgan 16,204.87 48 6.23%
3 BNP Paribas 15,573.26 60 5.98%
4 Barclays 15,132.81 44 5.82%
5 Goldman Sachs 14,537.98 31 5.59%