Banks vie to please VW in tight taps of three, seven years

Volkswagen showed the keenness of both borrowers and investors to engage in corporate bond transactions this week, when it raised €750m with two separately executed taps of the three and seven year bonds it launched on January 10.

  • 03 Feb 2012
"There is obviously tons of appetite for the auto makers," said one banker. "It’s staggering how much they have been able to fund this year."Investors sometimes resent an early tap of a bond if it causes the pricing on the existing notes to widen, but there was little ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 163,294.96 706 7.21%
2 Bank of America Merrill Lynch 145,874.66 658 6.44%
3 Citi 127,752.89 678 5.64%
4 Goldman Sachs 104,384.32 441 4.61%
5 Barclays 98,658.25 443 4.36%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,518.16 133 8.84%
2 Barclays 23,676.33 96 7.34%
3 Deutsche Bank 21,735.71 91 6.74%
4 SG Corporate & Investment Banking 19,062.99 99 5.91%
5 HSBC 18,594.73 88 5.76%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,956.59 58 7.37%
2 Goldman Sachs 6,650.01 53 7.04%
3 Deutsche Bank 5,912.17 58 6.26%
4 Credit Suisse 5,670.23 59 6.00%
5 BNP Paribas 5,158.30 56 5.46%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,137.81 260 10.71%
2 Citi 26,387.36 211 8.52%
3 Bank of America Merrill Lynch 24,967.98 220 8.07%
4 Goldman Sachs 23,387.98 165 7.56%
5 Barclays 20,291.53 138 6.56%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 26,338.01 130 6.35%
2 Deutsche Bank 26,020.82 93 6.27%
3 Barclays 25,912.14 118 6.24%
4 HSBC 25,331.41 120 6.10%
5 Citi 22,700.53 97 5.47%