High yield issuers grab the money as balmy conditions return

European high yield issuers are churning out deals in the run-up to summer, making the most of a sharp revival in risk appetite since the wobbles of May and June. In many cases banks are eager to get deals done as they are refinancing loans they hold on balance sheet – in other cases the companies themselves are keen to use a favourable market and still low interest rates.

  • By Jon Hay, Olivier Holmey, Stefanie Linhardt
  • 24 Jul 2013

In the second last week before the critical mass of European investors closes shop for the holidays, some €2.5bn of high yield bonds are being marketed this week — €400m of which were priced late on Tuesday.

Italian construction company Salini came first with its five year ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%