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 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
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%