Lumena brushes aside critics on HY debut

Lumena Resources, the Chinese chemical producer, raised $250m on Wednesday in its first dollar bond sale, overcoming strong resistance from Asian buyers with a deal that yields over 12%.

  • 22 Oct 2009

It priced the five year notes, callable after three years, to yield 12.25%, in line with price guidance released on Wednesday morning.

The successful debut confounded sceptics who thought it had collapsed late last week, when debt investors told EuroWeek that Lumena had considered reducing its target to just ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 1,517.16 8 7.69%
2 Goldman Sachs 1,495.21 6 7.58%
3 Credit Agricole CIB 1,179.51 9 5.98%
4 BNP Paribas 1,084.57 11 5.50%
5 Bank of America Merrill Lynch 1,011.25 5 5.13%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 849.80 7 9.30%
2 JPMorgan 703.06 6 7.69%
3 Deutsche Bank 636.38 4 6.97%
4 BNP Paribas 604.64 5 6.62%
5 Goldman Sachs 489.41 4 5.36%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,643.05 50 10.98%
2 JPMorgan 6,413.52 49 9.22%
3 Bank of America Merrill Lynch 5,031.63 36 7.23%
4 Goldman Sachs 4,767.07 33 6.85%
5 Credit Suisse 4,456.07 30 6.40%