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Virgin bags £5bn of orders for crossover bond

UK cable firm Virgin Media sold a blowout £960m-equivalent crossover bond on Thursday, increasing the deal from £750m after investment grade accounts piled into it with £5.3bn of orders.

  • 25 Feb 2011

The company, rated Ba1/BB/BB+, having been upgraded one notch by each agency following its results on February 17, launched the 10 year non-call life sterling and dollar transaction on Wednesday.

Guidance on the senior secured note, itself rated Baa3/BBB-/BBB-, was released on Thursday morning at Gilts plus 200bp-210bp for ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 53,309.01 260 5.44%
2 JPMorgan 52,801.34 266 5.39%
3 Bank of America Merrill Lynch 49,055.75 248 5.00%
4 Barclays 46,218.62 191 4.72%
5 Deutsche Bank 38,030.40 188 3.88%

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Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 13,811.36 35 9.04%
2 Deutsche Bank 9,981.06 50 6.53%
3 SG Corporate & Investment Banking 9,691.46 38 6.34%
4 BNP Paribas 9,682.74 53 6.34%
5 Citi 9,642.83 43 6.31%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
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1 Deutsche Bank 2,271.07 14 7.96%
2 JPMorgan 2,260.62 16 7.93%
3 BNP Paribas 2,167.79 20 7.60%
4 Citi 1,935.99 15 6.79%
5 Goldman Sachs 1,890.62 15 6.63%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
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1 JPMorgan 12,355.10 94 10.25%
2 Citi 11,234.36 86 9.32%
3 Goldman Sachs 8,483.82 60 7.04%
4 Bank of America Merrill Lynch 8,389.21 68 6.96%
5 Morgan Stanley 7,524.77 55 6.24%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 9,829.57 39 5.56%
2 SG Corporate & Investment Banking 9,247.20 39 5.23%
3 BNP Paribas 8,968.95 50 5.07%
4 Barclays 8,821.97 38 4.99%
5 Deutsche Bank 8,284.69 47 4.68%