Corporate bond week ahead: investor demand ensures roadshow calendar refills

Corporate bond issuance volume in Europe this week was lighter than previous weeks. However, there were still seven issuers that priced deals. The main difference this week was the size of deals. Nestlé’s €850m eight year transaction was the largest one to print, but most order books were still at least twice oversubscribed as investors showed little sign of slowing down for the summer.

  • By Nigel Owen
  • 14 Jul 2017

Bright Food, Digital Realty and London & Quadrant completed deals following roadshows, which combined to empty the pipeline somewhat. However, it has since been replenished with a new issue and two roadshows already planned for next week.

Steinhoff, the South African-based furniture and household goods retailer, ended ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 131,879.09 573 7.20%
2 Bank of America Merrill Lynch 118,834.05 539 6.48%
3 Citi 103,683.75 539 5.66%
4 Goldman Sachs 85,888.86 353 4.69%
5 Barclays 81,514.46 357 4.45%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 22,951.77 105 8.80%
2 Barclays 19,796.44 75 7.59%
3 Deutsche Bank 17,736.38 73 6.80%
4 HSBC 15,843.10 70 6.07%
5 SG Corporate & Investment Banking 14,554.56 78 5.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,335.13 43 7.86%
2 Goldman Sachs 4,801.82 38 7.07%
3 Deutsche Bank 4,643.96 44 6.84%
4 Credit Suisse 4,353.57 48 6.41%
5 Barclays 4,156.24 35 6.12%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,143.08 213 10.83%
2 Citi 21,041.57 167 8.39%
3 Bank of America Merrill Lynch 20,960.58 186 8.36%
4 Goldman Sachs 18,419.20 133 7.35%
5 Morgan Stanley 17,410.41 103 6.94%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,628.04 74 6.64%
2 HSBC 22,246.60 98 6.52%
3 BNP Paribas 21,794.95 106 6.39%
4 Barclays 21,638.43 92 6.35%
5 Citi 19,224.66 78 5.64%