Investors unfazed by ‘pure Italy risk’ in peripheral Europe corporate rally

The recovery of Europe’s credit appetite forged ahead this week as several southern European borrowers found rampant demand for their bond issues and new issue premiums for many kinds of borrower tightened.

  • 03 Feb 2012

On Thursday the bull run passed an important milestone, with a highly successful €1bn seven year bond by Atlantia, the Italian toll road company. Unlike most peripheral issuers in recent months, Atlantia’s revenues come almost entirely from its home country.

"It’s the first deal offering pure Italy risk," ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Jun 2017
1 JPMorgan 81,498.74 352 7.26%
2 Bank of America Merrill Lynch 71,488.76 324 6.37%
3 Citi 67,601.26 321 6.02%
4 Barclays 55,362.73 221 4.93%
5 Goldman Sachs 54,047.07 221 4.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Jun 2017
1 BNP Paribas 15,877.45 68 9.25%
2 Barclays 13,596.86 49 7.93%
3 Deutsche Bank 12,929.26 46 7.54%
4 HSBC 9,996.40 45 5.83%
5 SG Corporate & Investment Banking 9,719.13 51 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 Danske Bank 40,548.61 42 14.16%
2 Svenska Handelsbanken AB 38,163.35 21 13.33%
3 BNP Paribas 15,055.84 69 5.26%
4 Deutsche Bank 14,548.66 47 5.08%
5 Citi 12,612.10 54 4.41%