Sterling HY breaks records with new names, non-UK buyers

Sterling high yield issuance is the new fad in the European high yield market, writes Stefanie Linhardt. Issuance so far this year has already exceeded the annual record, set in 2011, and plenty more deals are to come — some of them imminently.

  • 31 May 2013

Something fundamental has changed in the European high yield market, making sterling more attractive to a

wider range of investors. In the past, issuance of sterling high yield bonds was a special occurrence. Issuance in 2011 of £6.25bn far exceeded the £3.6bn issued in the second-busiest year, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%