High yield sets global volume record, 2014 set to stay bullish

The leveraged finance market, including bonds and loans, reached a record volume of issuance in 2013, with $2.25tr of borrowing globally, according to Dealogic.

  • By Stefanie Linhardt
  • 06 Jan 2014

That beats the previous record of $1.7tr in 2012. High yield bond volume rose to a $479bn record high in 2013, with the European and US markets both reaching new peaks.

In the European market, payment-in-kind bonds and PIK toggle issuance also reached a record of €3.6bn, according ...

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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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%