Rate uncertainty drives corporate issuers to build wall of bonds

This week is shaping up to be another stormer for European corporate bond new issues. Despite Monday’s holiday, €7.6bn of deals are already on the clock, and bankers across the street say Thursday will be busy too.

  • By Jon Hay
  • 13 Nov 2013

That means last week’s total of €10.6bn, swelled by AT&T’s €2bn deal, might be matched.

Highlights so far this week include yesterday’s two dual tranche deals of €1.5bn, for Anglo American and Total. Demand is strong for issues of all kinds, from double-A titans like Total to unrated ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%