Deutsche Telekom International Finance BV

  • 19 Sep 2002
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Guarantor: Deutsche Telekom AG

Rating: Baa1/BBB+/BBB+

Amount: £250m

Maturity: September 26, 2012

Issue price: 99.621

Coupon: 7.125%

Spread at re-offer: 270bp over the 5% March 2012 Gilt

Launched: Thursday September 19

Joint books: Goldman Sachs, HSBC

Market appraisal:

"...Deutsche Telekom has done a good job dropping these deals into the market. They also did a short euro bond on Wednesday, all these issues being off their MTN programme. We had enough exposure to this name so we didn't get involved. There has been a big rally in Deutsche Telekom bonds recently on not a lot of news. This was a good opportunity for them in terms of timing, given where spreads are.

There is concern that they will be in the market again with jumbo size issuance, although maybe not this year."

  • 19 Sep 2002

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%