ST Engineering scoops $500m as issuers warm to dollar debt

Singapore Technologies Engineering late last night (Thursday) became the first Singaporean company to tap the international bond market in over two years, selling a $500m deal which showed the appeal of dollar-denominated debt for top-rated Asian credits.

  • 09 Jul 2009
The triple-A rated defence and engineering group priced the 10 year bond at 99.404, with a coupon of 4.8%. Deutsche Bank and Morgan Stanley managed the note, which came at 150bp over Treasuries. That was below the low end of guidance, set at between 160bp and 170bp, but ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 175,104.29 767 7.10%
2 Bank of America Merrill Lynch 156,319.43 723 6.34%
3 Citi 138,094.31 743 5.60%
4 Goldman Sachs 110,886.78 482 4.50%
5 Barclays 106,582.38 490 4.32%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,965.54 145 8.63%
2 Barclays 25,510.29 106 7.35%
3 Deutsche Bank 24,247.02 105 6.98%
4 SG Corporate & Investment Banking 21,202.74 113 6.11%
5 HSBC 19,467.45 94 5.61%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.00%
2 Goldman Sachs 8,116.84 64 3.84%
3 Credit Suisse 6,908.88 70 3.27%
4 Deutsche Bank 6,384.59 62 3.02%
5 BNP Paribas 5,941.97 66 2.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.73%
2 Citi 29,048.74 232 8.39%
3 Bank of America Merrill Lynch 28,989.38 252 8.38%
4 Goldman Sachs 24,953.24 183 7.21%
5 Barclays 23,148.60 155 6.69%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.32%
2 Deutsche Bank 28,087.32 104 6.32%
3 BNP Paribas 27,948.80 144 6.29%
4 HSBC 25,973.95 128 5.84%
5 Citi 23,359.75 104 5.25%