US high yield slows down amid $3bn global outflows

The US high yield new issue market remained muted this week, after global high yield bond funds suffered their largest net outflows so far this year.

  • 01 Jun 2012

In the week ending May 23, over $3bn streamed out of the asset class globally, according to data provider EPFR Global.

Apart from Ono, there was only one other high yield issue in the US until Wednesday, while Thursday added several announcements to the calendar.

Casino operator Rivers Pittsburgh issued ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 141,968.41 621 7.09%
2 Bank of America Merrill Lynch 126,360.65 578 6.31%
3 Citi 113,328.50 599 5.66%
4 Goldman Sachs 93,656.23 393 4.68%
5 Barclays 88,911.66 394 4.44%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 24,553.43 113 8.90%
2 Barclays 21,105.51 82 7.65%
3 Deutsche Bank 18,530.93 78 6.72%
4 HSBC 16,938.83 77 6.14%
5 SG Corporate & Investment Banking 15,549.67 85 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,988.32 51 7.85%
2 Goldman Sachs 5,669.99 45 7.43%
3 Deutsche Bank 5,047.48 51 6.61%
4 Credit Suisse 4,633.16 52 6.07%
5 Barclays 4,263.74 37 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29,820.93 232 10.59%
2 Citi 23,746.29 188 8.43%
3 Bank of America Merrill Lynch 22,954.16 203 8.15%
4 Goldman Sachs 20,887.87 148 7.42%
5 Barclays 19,256.47 129 6.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 23,833.79 81 6.52%
2 HSBC 23,751.92 108 6.50%
3 Barclays 23,497.73 103 6.43%
4 BNP Paribas 22,998.19 112 6.29%
5 Citi 20,118.07 85 5.50%