Sterling issuance may benefit as Carney raises ultra-dovishly

The first UK interest rate rise for 10 years, announced on Thursday, may stimulate sterling corporate bond issuers, because the Bank of England’s accompanying statement was even more dovish than expected.

  • By Nigel Owen
  • 02 Nov 2017
“I have been surprised by the drop in Gilt yields,” said a corporate bond syndicate banker in London. “With the five year 9bp lower and the 10 year 6bp lower, that’s an indication the market took the accompanying statement as being pretty dovish. It has been more of ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 164,938.31 718 7.20%
2 Bank of America Merrill Lynch 147,126.56 669 6.42%
3 Citi 129,674.51 690 5.66%
4 Goldman Sachs 105,201.77 447 4.59%
5 Barclays 99,269.52 448 4.33%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,154.37 137 8.86%
2 Barclays 24,121.06 98 7.33%
3 Deutsche Bank 22,163.65 93 6.74%
4 SG Corporate & Investment Banking 20,050.48 104 6.10%
5 HSBC 19,151.76 90 5.82%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7,123.00 59 7.43%
2 Goldman Sachs 6,789.41 55 7.08%
3 Deutsche Bank 5,954.72 59 6.21%
4 Credit Suisse 5,809.63 61 6.06%
5 BNP Paribas 5,208.30 57 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,802.85 265 10.75%
2 Citi 26,963.27 215 8.58%
3 Bank of America Merrill Lynch 25,506.35 227 8.11%
4 Goldman Sachs 23,587.99 168 7.50%
5 Barclays 20,408.08 140 6.49%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 26,974.23 134 6.41%
2 Deutsche Bank 26,448.76 95 6.28%
3 Barclays 26,042.03 120 6.19%
4 HSBC 25,650.40 123 6.09%
5 Citi 22,829.99 98 5.42%