Corporates blaze on as Telefónica gets a blowout

September’s remarkable run of corporate bond issuance continued into a third day today, as investors ploughed money into a wide variety of European corporate risk in preference to almost anything else. The market performance did not seem quite so pristine as in the past two days – one or two deals have widened from launch – but investors’ receptivity to issues remains razor-keen.

  • 05 Sep 2012

Telefónica, the Spanish telecoms company, was perhaps the most significant deal for the market today, as it was the first benchmark transaction by an investment grade Spanish company since Iberdrola’s issue on March 27.

But France Télécom and Linde also issued, and sterling’s term began with a £250m 15 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 312,597.03 1341 6.45%
2 Bank of America Merrill Lynch 299,954.83 1285 6.19%
3 Citi 265,783.81 1278 5.49%
4 Barclays 205,410.79 901 4.24%
5 Goldman Sachs 205,189.59 834 4.24%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,965.54 145 4.34%
2 Barclays 25,142.41 103 3.64%
3 Deutsche Bank 24,205.95 104 3.51%
4 SG Corporate & Investment Banking 20,544.30 110 2.98%
5 HSBC 19,467.45 94 2.82%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 8.05%
2 Goldman Sachs 7,816.84 63 7.43%
3 Credit Suisse 6,908.88 70 6.57%
4 Deutsche Bank 6,384.59 62 6.07%
5 BNP Paribas 5,941.97 66 5.65%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 36,665.71 285 10.74%
2 Citi 28,630.88 229 8.39%
3 Bank of America Merrill Lynch 28,305.35 246 8.29%
4 Goldman Sachs 24,712.66 181 7.24%
5 Barclays 22,906.34 151 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 28,046.25 103 6.40%
2 BNP Paribas 27,948.80 144 6.38%
3 Barclays 27,259.57 126 6.22%
4 HSBC 25,832.31 126 5.90%
5 Citi 23,312.66 103 5.32%