Total issuance: $2.394 billion in 8 deals
Columns are amounts in billions of dollars, count of deals and percentage by dollar value.
Yield
| Less than 6% | 0.266 | 1 | 11.11%
|
| 7%-7.99% | 0.547 | 3 | 22.87%
|
| 9%-9.99% | 0.241 | 1 | 10.07%
|
| 11% and higher | 0.426 | 1 | 17.79%
|
| Floater | 0.913 | 2 | 38.16%
|
| Total | 2.394 | 8
|
|
|
|
|
| Pricing versus talk
|
|
|
| Low end | 1.417 | 6 | 59.19%
|
| High end | 0.285 | 1 | 11.91%
|
| NA | 0.692 | 1 | 28.91%
|
| Total | 2.394 | 8
|
|
|
|
|
| Upsized?
|
|
|
| Yes | 1.795 | 5 | 74.99%
|
| No | 0.599 | 3 | 25.01%
|
| Total | 2.394 | 8
|
|
|
|
|
| Quick sale?
|
|
|
| Yes | 1.761 | 5 | 73.55%
|
| No | 0.633 | 3 | 26.45%
|
| Total | 2.394 | 8
|
|
|
|
|
| Add on?
|
|
|
| Yes | 0.092 | 1 | 3.84%
|
| No | 2.302 | 7 | 96.16%
|
| Total | 2.394 | 8
|
|
|
|
|
| Zero coupon?
|
|
|
| No | 2.394 | 8 | 100.00%
|
| Total | 2.394 | 8
|
|
|
|
|
| Seniority
|
|
|
| Senior | 2.109 | 7 | 88.09%
|
| Senior sub | 0.285 | 1 | 11.91%
|
| Total | 2.394 | 8
|
|
|
| Moody's rating
|
|
|
| Ba2 | 0.266 | 1 | 11.11%
|
| B1 | 0.170 | 1 | 7.12%
|
| B3 | 0.092 | 1 | 3.84%
|
| Caa1 | 0.748 | 3 | 31.24%
|
| Caa2 | 0.426 | 1 | 17.79%
|
| NR | 0.692 | 1 | 28.91%
|
| Total | 2.394 | 8
|
|
|
|
|
| Use of proceeds
|
|
|
| Refinance/tender for notes | 0.377 | 2 | 15.75%
|
| Repay bank debt | 0.266 | 1 | 11.11%
|
| Refinance | 0.463 | 2 | 19.33%
|
| Other/Multiple | 1.288 | 3 | 53.82%
|
| Total | 2.394 | 8
|
|
|
|
|
| Industry sector (by SIC code)
|
|
|
| Manufacturing (2xxx, 3xxx) | 1.461 | 5 | 61.04%
|
| Communications (48xx) | 0.222 | 1 | 9.26%
|
| Wholesale (5xxx) | 0.711 | 2 | 29.70%
|
| Total | 2.394 | 8
|
|
|
|
|
| Home country of issuer
|
|
|
| France | 0.266 | 1 | 11.11%
|
| Germany | 1.155 | 3 | 48.23%
|
| Greece | 0.170 | 1 | 7.12%
|
| Ireland | 0.711 | 2 | 29.70%
|
| U.K. | 0.092 | 1 | 3.84%
|
| Total | 2.394 | 8
|
|
|
|
|
| Currency
|
| € | 2.394 | 8 | 100.00%
|
| Total | 2.394 | 8
|
|
|
|
|
|
|
Criteria
* Issuers from industrialized countries
* Denominated in currency of a European industrialized countries
* Converted to dollars at rate shown in Federal Reserve's H.10 release on day of pricing
* Offerings are included in the time period in which they price.
* Issues maturing in 397 days or less are excluded.
* Convertibles, trust preferreds, capital securities and preferred stock are excluded.
* Fixed-rate medium-term notes with a face value above $100 million are included. All other MTNs are excluded.
* Deals rated investment-grade by either Standard & Poor's or Moody's Investors Service are excluded but deals not rated by both are included.
* Amounts are based on the total sales price (face amount multiplied by the offering price
* Units made up of a bond and a warrant are included; other units are excluded.
* Sovereign issues are excluded.
* Each tranche is counted as a separate deal.
* Passthroughs, collateral trust and equipment trust certificates are included.
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