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 Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%