Convertible market booms as Siemens raises Eu2.5bn

Europe's convertible bond market announced its revival in striking fashion yesterday (Thursday) as corporates took advantage of exceptional funding conditions to raise Eu3.2bn of capital.

  • 23 May 2003

German electricals and engineering group Siemens led the charge with a Eu2.5bn convertible lead managed by Morgan Stanley and UBS Warburg.

The deal is the largest European convertible since Fiat's $2.2bn exchangeable offering into General Motors in December 2001.

After a gradual improvement in the primary equity-linked markets and the highly successful Eu1.1bn Pinault-Printemps-Redoute offering ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,363.50 109 7.56%
2 JPMorgan 27,423.07 94 6.82%
3 Goldman Sachs 27,365.68 53 6.81%
4 Barclays 25,009.79 63 6.22%
5 Deutsche Bank 22,679.02 69 5.64%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 22.59%
2 Credit Suisse 1,301.65 4 18.30%
3 UBS 970.80 3 13.65%
4 BNP Paribas 522.35 4 7.34%
5 SG Corporate & Investment Banking 444.17 3 6.24%