Spectrum, Citgo look to end high yield drought

Citgo Petroleum and Spectrum Brands this week provided a glimmer of hope for the US high yield bond market, which, by Thursday evening, had endured a barren week for issuance in its worst showing since March 2009.

  • 04 Jun 2010

Spectrum Brands, the consumer goods firm, was due to break the week-long drought in new issuance after guidance of around 9.75% emerged on Thursday for a senior secured notes offering, which was increased from $500m to $750m.

The volume of high yield issuance, which enjoyed a record first quarter, ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 1,898.34 9 8.48%
2 Goldman Sachs 1,495.21 6 6.68%
3 Bank of America Merrill Lynch 1,392.43 6 6.22%
4 JPMorgan 1,320.02 4 5.90%
5 Credit Agricole CIB 1,179.51 9 5.27%

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 7,635.83 50 10.94%
2 JPMorgan 6,495.29 50 9.30%
3 Bank of America Merrill Lynch 5,031.63 36 7.21%
4 Goldman Sachs 4,767.07 33 6.83%
5 Credit Suisse 4,456.07 30 6.38%