GSK leads European charge into Yankee land of plenty

The depth of the US corporate bond market and its razor-sharp appetite for high grade credit were vividly apparent this week as GlaxoSmithKline issued its first bond for three years, in an apparently effortless $5bn three tranche sale.

  • 04 May 2012
The dollar market returned to active duty this week after a lazy April, clouded by corporate blackout periods. Three US banks brought large self-led deals but it was the Yankee borrowers that made headlines, as investors swallowed $20bn. With Treasury yields at tempting lows for borrowers, bankers predict ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,181.02 86 7.20%
2 Citi 17,776.15 84 6.67%
3 Bank of America Merrill Lynch 17,204.49 82 6.46%
4 Deutsche Bank 16,868.52 64 6.33%
5 Barclays 13,437.17 55 5.04%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 BNP Paribas 3,852.38 18 10.19%
2 Deutsche Bank 3,171.67 10 8.39%
3 SG Corporate & Investment Banking 2,312.36 15 6.12%
4 Barclays 2,275.06 13 6.02%
5 Citi 2,127.92 14 5.63%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 Credit Suisse 1,022.91 14 9.38%
2 Deutsche Bank 975.14 10 8.94%
3 Bank of America Merrill Lynch 875.05 8 8.02%
4 Citi 847.97 7 7.77%
5 HSBC 789.16 11 7.23%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 JPMorgan 5,218.36 38 11.12%
2 Bank of America Merrill Lynch 3,911.34 36 8.33%
3 Credit Suisse 3,673.68 24 7.83%
4 Citi 3,657.00 24 7.79%
5 Jefferies LLC 3,166.33 8 6.75%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 BNP Paribas 4,414.96 20 8.76%
2 Deutsche Bank 3,885.95 11 7.71%
3 Citi 2,757.38 15 5.47%
4 Credit Suisse 2,528.25 11 5.01%
5 JPMorgan 2,329.39 11 4.62%