Banque Fédérative du Crédit Mutuel

  • 12 Mar 2004
Email a colleague
Request a PDF

Rating: Aa3/A+/AA-
Amount: Eu150m
Maturity: March 24, 2014
Issue/re-offer price: 99.813
Coupon: three month Euribor plus 20bp
Spread at full fees: Euribor plus 23bp
Launched: Wednesday March 10
Sole mgr: DZ Bank

Bookrunner's comment:

BFCM has a good name and pricing on this deal was attractive. The issuer is well known within the cooperative system and it was easy to sell the bonds.

Initial price talk was Euribor plus 22bp and we sold the bonds at that level.

We had a main lead out of Germany but the rest of the paper was sold in Germany within the cooperative network.

  • 12 Mar 2004

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%