Cosco gets help to navigate choppy bond waters

Shipping company China Cosco Holdings is hitting the road this week to pitch an international dollar bond. Investors are becoming increasingly picky as the end of the year approaches, but bankers think a guarantee from Bank of China will ensure plain sailing for the 10 year deal.

  • 20 Nov 2012
The company has picked Bank of China and HSBC to manage the dollar deal, which is coming with an “unconditional and irrevocable standby letter of credit” from Bank of China, according to Moody’s. That will make the debt rank pari passu with all of the state-owned bank’s unsecured ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 129,893.78 562 7.22%
2 Bank of America Merrill Lynch 117,313.64 530 6.52%
3 Citi 102,948.94 532 5.73%
4 Goldman Sachs 85,307.58 349 4.74%
5 Barclays 80,468.49 350 4.47%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 22,082.43 98 8.71%
2 Barclays 19,647.01 74 7.75%
3 Deutsche Bank 17,369.20 70 6.85%
4 HSBC 15,446.24 67 6.09%
5 SG Corporate & Investment Banking 14,434.81 77 5.69%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,335.13 43 7.91%
2 Goldman Sachs 4,721.48 37 7.00%
3 Deutsche Bank 4,563.62 43 6.77%
4 Credit Suisse 4,353.57 48 6.46%
5 Barclays 4,075.90 34 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 26,963.24 210 10.82%
2 Citi 20,901.57 165 8.39%
3 Bank of America Merrill Lynch 20,737.25 183 8.32%
4 Goldman Sachs 18,279.20 131 7.34%
5 Morgan Stanley 17,353.91 102 6.97%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 26,454.29 102 6.87%
2 HSBC 25,726.70 116 6.68%
3 Deutsche Bank 25,363.90 91 6.59%
4 Citi 23,533.28 107 6.11%
5 JPMorgan 22,896.76 127 5.95%