TenneT green bond attracts quality bid

TenneT, the Dutch electricity grid company, brought a €1bn dual tranche green bond issue on Monday that was oversubscribed, but by less than other recent deals. However, the quality of the book helped both tranches perform in the secondary market.

  • By Nigel Owen
  • 15 Jun 2017

“The book size was slightly lower than we’d have liked,” admitted a syndicate banker on the deal. “But the quality was very high and both tranches have tightened by three or four basis points.”

The A3/A- rated issuer and its lead managers ABN Amro, HSBC and SMBC Nikko ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 113,683.46 478 7.19%
2 Bank of America Merrill Lynch 103,037.55 448 6.52%
3 Citi 88,830.56 451 5.62%
4 Goldman Sachs 75,629.23 305 4.78%
5 Barclays 72,617.35 312 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 20,196.33 86 8.95%
2 Barclays 17,722.23 65 7.85%
3 Deutsche Bank 15,688.73 60 6.95%
4 HSBC 13,777.20 59 6.10%
5 SG Corporate & Investment Banking 12,521.92 64 5.55%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,994.70 40 8.04%
2 Goldman Sachs 4,312.69 35 6.95%
3 Deutsche Bank 4,249.17 39 6.84%
4 Barclays 3,956.08 33 6.37%
5 Citi 3,884.06 28 6.26%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,067.99 186 10.79%
2 Citi 19,404.77 149 8.70%
3 Bank of America Merrill Lynch 17,997.02 158 8.07%
4 Goldman Sachs 17,038.94 119 7.64%
5 Barclays 15,537.71 103 6.97%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 20,529.33 63 6.93%
2 HSBC 19,637.33 84 6.63%
3 BNP Paribas 19,346.82 88 6.53%
4 Barclays 19,276.49 80 6.51%
5 Citi 17,718.43 69 5.98%