IFR International - 21.07.2018

(Martin Jones) #1

PRIVATE INVESTMENTS FEED HOT
BIOTECH IPO MARKET


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COLOMBIA


COLOMBIA’S GEB WRAPS UP SECONDARY
STOCK SALE

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Bank of America Merrill Lynch, BTG Pactual
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COSTA RICA


ESTABLISHMENT GAINS LIFT IN
AFTERMARKET

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53
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OFFERING

EQUITY-LINKED DEALS WEEK ENDING: 20/7/2018
Issuer Country Date Amount Greenshoe Tenor Coupon (%) Premium (%) Bookrunner(s)
Arbor Realty Trust US 17/07/2018 US$130.0m US$15.0m 3y 5.25 10.0 JP Morgan, JMP Securities
Calamp US 17/07/2018 US$200.0m US$30.0m 7y 2.00 30.0 JP Morgan, Goldman Sachs, Jefferies
Encore Capital US 17/07/2018 US$150.0m US$22.5m 5y 4.50 25.0 SunTrust Robinson Humphrey, Credit Suisse
Redfin US 18/07/2018 US$125.0m US$18.8m 5y 1.75 30.0 Goldman Sachs, BAML, RBC Capital Markets


GLOBAL CONVERTIBLE OFFERINGS
BOOKRUNNERS: 1/1/2018 TO DATE


Managing No of Total Share
bank or group issues US$(m) (%)


1 Goldman Sachs 41 8,991.83 13.6
2 JP Morgan 43 6,481.58 9.8
3 Morgan Stanley 40 6,094.08 9.2
4 BAML 29 4,537.58 6.8
5 Citigroup 19 3,433.92 5.2
6 Credit Suisse 18 2,677.31 4.0
7 Deutsche Bank 14 2,576.35 3.9
8 UBS 7 2,268.82 3.4
9 Barclays 14 2,113.22 3.2
10 BNP Paribas 11 1,503.79 2.3
Total 230 66,297.32
Including exchangeables.
Source: Thomson Reuters SDC code: C9


GLOBAL CONVERTIBLE OFFERINGS – EMEA
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)
1 UBS 3 1,849.73 18.4
2 SG 7 1,072.57 10.7
3 JP Morgan 6 1,069.08 10.6
4 Deutsche Bank 4 1,022.29 10.2
5 Citigroup 5 792.52 7.9
6 BNP Paribas 6 673.63 6.7
7 Goldman Sachs 5 632.75 6.3
8 Morgan Stanley 3 399.50 4.0
9 BAML 3 385.75 3.8
10 HSBC 3 343.25 3.4
Total 29 10,069.81
Including exchangeables.
Source: Thomson Reuters SDC code: C09d

ALL INTERNATIONAL US CONVERTIBLES
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)
1 Morgan Stanley 31 4,734.26 15.9
2 Goldman Sachs 29 4,651.31 15.6
3 JP Morgan 32 4,364.91 14.7
4 BAML 24 3,804.88 12.8
5 Citigroup 12 2,305.60 7.7
6 Barclays 11 1,809.97 6.1
7 Wells Fargo 10 1,392.38 4.7
8 Deutsche Bank 7 969.83 3.3
9 RBC 6 858.45 2.9
10 Credit Suisse 8 814.67 2.7
Total 77 29,751.87

Source: Thomson Reuters SDC code: C9a
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