Price-conscious NWR pulls high yield bond in soft market

Czech coal miner New World Resources (NWR) on Wednesday pulled a Eu700m sale of high yield bonds, which would have been used repay loans, citing poor market conditions.

  • 12 Feb 2010

"We have a sustainable and robust capital structure and we have no imminent need to raise additional capital," said Marek Jelinek, chief financial officer of New World Resources, rated B3/BB-. "Accessing the debt markets was viewed as an opportunity given prevailing market conditions."

The borrower said last Wednesday (February ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,854.48 7 9.91%
2 Deutsche Bank 1,517.16 8 8.11%
3 Bank of America Merrill Lynch 1,370.53 6 7.33%
4 BNP Paribas 992.22 10 5.30%
5 Credit Agricole CIB 974.78 7 5.21%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Citi 799.80 6 9.13%
2 Deutsche Bank 710.75 5 8.11%
3 JPMorgan 703.06 6 8.02%
4 BNP Paribas 554.64 4 6.33%
5 Goldman Sachs 489.41 4 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 7,171.24 46 11.12%
2 JPMorgan 5,896.49 43 9.15%
3 Bank of America Merrill Lynch 4,801.69 34 7.45%
4 Goldman Sachs 4,522.96 31 7.02%
5 Credit Suisse 4,261.07 28 6.61%