Corporate bond week ahead: clear run to December but pipe remains thin

The latest round of central bank meetings are out of the way, corporate issuers are coming out of third quarter reporting blackout, and the corporate bond market remains hot. However, syndicate managers are more hopeful than expectant of supply to match demand.

  • By Nigel Owen
  • 03 Nov 2017

“What we see at the moment is a very healthy market,” said one corporate syndicate manager. “But the trend of recent issuance looks likely to continue. Everyone told us there would be massive supply in September and we didn’t get there, then October was well below 2016.”

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 164,138.10 712 7.22%
2 Bank of America Merrill Lynch 146,271.96 661 6.43%
3 Citi 128,351.45 682 5.64%
4 Goldman Sachs 104,714.74 443 4.60%
5 Barclays 98,747.37 444 4.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,647.62 134 8.82%
2 Barclays 23,676.33 96 7.29%
3 Deutsche Bank 21,735.71 91 6.69%
4 SG Corporate & Investment Banking 19,387.37 101 5.97%
5 HSBC 18,800.79 89 5.79%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,956.59 58 7.34%
2 Goldman Sachs 6,746.86 54 7.12%
3 Deutsche Bank 5,912.17 58 6.24%
4 Credit Suisse 5,767.09 60 6.09%
5 BNP Paribas 5,158.30 56 5.45%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,611.94 263 10.79%
2 Citi 26,772.36 213 8.59%
3 Bank of America Merrill Lynch 25,057.11 221 8.04%
4 Goldman Sachs 23,500.21 166 7.54%
5 Barclays 20,380.66 139 6.54%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 26,467.48 131 6.34%
2 Deutsche Bank 26,020.82 93 6.23%
3 Barclays 25,912.14 118 6.21%
4 HSBC 25,614.26 122 6.14%
5 Citi 22,829.99 98 5.47%