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Corp Bonds

Motability shaves pricing as issuers gain clout

Motability Operations Group, the UK company that leases cars to disabled people and their carers, completed a successful bond sale on Monday that was the first dual currency issue in the European corporate market this year.

  • 03 Feb 2012

The A2/A+ rated company raised €550m of short seven year debt and £300m of 15 year money. As usual, Motability used as bookrunners the four banks that are also its four shareholders — Barclays Capital, HSBC, Lloyds and Royal Bank of Scotland.

The strong bid for corporate paper that ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Apr 2015
1 JPMorgan 57,526.33 231 7.84%
2 Bank of America Merrill Lynch 50,133.80 220 6.83%
3 Citi 42,103.66 198 5.73%
4 Barclays 41,186.19 177 5.61%
5 Deutsche Bank 37,692.66 165 5.13%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 Barclays 14,156.34 42 9.88%
2 HSBC 11,846.64 51 8.27%
3 BNP Paribas 11,644.94 60 8.13%
4 Deutsche Bank 10,774.39 37 7.52%
5 SG Corporate & Investment Banking 9,942.11 42 6.94%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 JPMorgan 3,807.37 28 7.31%
2 Credit Suisse 3,806.24 23 7.30%
3 Deutsche Bank 3,714.12 30 7.13%
4 Citi 3,279.97 20 6.29%
5 Barclays 3,197.48 21 6.14%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 JPMorgan 13,234.51 75 5.00%
2 Bank of America Merrill Lynch 11,633.55 85 4.40%
3 Deutsche Bank 10,731.55 62 4.06%
4 Goldman Sachs 10,216.28 61 3.86%
5 Credit Suisse 9,999.03 66 3.78%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 Barclays 10,591.06 39 7.93%
2 SG Corporate & Investment Banking 9,901.75 39 7.41%
3 BNP Paribas 8,835.43 49 6.61%
4 Deutsche Bank 7,763.37 30 5.81%
5 HSBC 7,508.53 44 5.62%