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Corp Bonds

Glencore bondholders like merger talk, Xstrata ticks wider

Bonds of Glencore International, the Swiss-based commodities trading group, snapped tighter on Thursday following news that it was in talks to merge with Xstrata, the mining group based a few miles away. Xstrata’s paper widened slightly.

  • 03 Feb 2012

Although the two companies are similarly rated at around mid-triple-B, and they are of similar size, Glencore trades wider because it is seen as a more unpredictable business with a touch of the "black box", as one observer put it on Thursday.

Xstrata confirmed on Thursday morning that it ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 May 2015
1 JPMorgan 72,725.93 281 7.93%
2 Bank of America Merrill Lynch 68,136.68 268 7.43%
3 Barclays 52,467.74 204 5.72%
4 Morgan Stanley 50,990.96 222 5.56%
5 Citi 49,629.93 241 5.41%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Barclays 15,102.26 45 4.81%
2 HSBC 12,643.01 57 4.03%
3 BNP Paribas 12,548.63 66 4.00%
4 Deutsche Bank 12,254.16 44 3.90%
5 SG Corporate & Investment Banking 10,181.32 44 3.24%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 19 May 2015
1 Deutsche Bank 4,210.17 31 3.91%
2 Credit Suisse 3,929.31 25 3.65%
3 JPMorgan 3,869.32 29 3.60%
4 Barclays 3,287.19 22 3.05%
5 Citi 3,279.97 20 3.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 JPMorgan 16,515.10 95 10.59%
2 Bank of America Merrill Lynch 13,984.85 104 8.97%
3 Deutsche Bank 12,783.79 79 8.20%
4 Credit Suisse 12,272.50 80 7.87%
5 Goldman Sachs 12,105.57 72 7.76%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Barclays 16,058.12 43 4.87%
2 HSBC 12,048.46 51 3.65%
3 SG Corporate & Investment Banking 10,140.95 41 3.07%
4 BNP Paribas 9,908.10 54 3.00%
5 Deutsche Bank 9,904.47 36 3.00%