Largest HY issues of June 10 Issue | Volume France Dericheb | Cbonds Global

Largest HY issues of June 10

Issue | Volume

France
Derichebourg (-/BB/-), 2.25% 15jul2028, EUR | 300 mln
Listing: Luxembourg S.E.
Bookrunner: BNP Paribas, CM-CIC AM, Societe Generale
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

Canada
Frontera Energy (-/B+/B), 7.875% 21jun2028, USD | 400 mln
Initial issue price (yield): 99.34%
The purpose of placing: General Corporate Purposes Refinance
Listing: Luxembourg S.E.
Bookrunner: Citigroup, Credit Suisse, Itau Unibanco Holdings
Depository: Clearstream Banking S.A., Euroclear Bank, Federal Reserve System

USA
SM Energy (B2/B-/-), 6.5% 15jun2028, USD | 400 mln
Initial issue price (yield): 100%
The purpose of placing: To fund the Tender Offer of all of the Company’s outstanding 6.125% Senior Notes due 2022 and $130.0 million of Company’s outstanding 5.00% Senior Notes due 2024, and for general corporate purposes, which may include the repurchase or redemption, as applicable, of some or all of the Tender Offer Notes.
Bookrunner: BOK Financial Corporation, Bank of Montreal, Bank of Nova Scotia, Barclays, BofA Securities, Capital One Financial Corporation, Comerica, Goldman Sachs, JP Morgan, KeyBanc Capital Markets, PNC Bank, RBC Capital Markets, U.S. Bancorp, Wells Fargo
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

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