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 %
  • Last updated
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1 JPMorgan 30,388.71 99 8.63%
2 BNP Paribas 22,463.54 135 6.38%
3 Deutsche Bank 17,970.47 100 5.10%
4 Goldman Sachs 17,954.81 74 5.10%
5 HSBC 16,143.35 101 4.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Barclays 413.98 4 10.03%
2 BNP Paribas 327.97 2 7.94%
3 JPMorgan 315.65 2 7.65%
3 Goldman Sachs 315.65 2 7.65%
5 Morgan Stanley 300.05 2 7.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 1,520.60 13 8.56%
2 Wells Fargo Securities 1,464.08 13 8.24%
3 Bank of America Merrill Lynch 1,439.21 14 8.10%
4 JPMorgan 1,316.62 12 7.41%
5 Morgan Stanley 1,261.20 10 7.10%