Records tumble in US as Procter & Gamble, IBM enjoy lowest yields ever across curve

Funding costs for highly rated companies broke records in the dollar market this week, as firms like IBM and Procter & Gamble obtained all time low coupons from investors pouring cash into the market.

  • 03 Feb 2012

Supply was not too heavy, so investors could focus on a few high quality benchmark corporate issues from the likes of Praxair and McDonalds.

"There is a food fight among investors for credit product," said Jim Turner, head of debt capital markets for the Americas at BNP Paribas in ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Bank of America Merrill Lynch 44,065.99 145 6.20%
2 JPMorgan 43,970.24 145 6.18%
3 Citi 42,533.98 158 5.98%
4 Deutsche Bank 34,223.78 111 4.81%
5 Barclays 30,369.27 97 4.27%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 SG Corporate & Investment Banking 9,920.07 40 8.00%
2 Deutsche Bank 9,442.88 27 7.61%
3 Bank of America Merrill Lynch 9,324.74 26 7.52%
4 BNP Paribas 9,081.50 36 7.32%
5 Citi 7,527.89 27 6.07%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 03 May 2016
1 Deutsche Bank 3,708.63 17 13.30%
2 Goldman Sachs 3,338.53 13 11.98%
3 Citi 3,189.91 8 11.44%
4 Barclays 2,228.30 9 7.99%
5 JPMorgan 1,875.45 10 6.73%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 Citi 7,914.35 41 10.62%
2 Barclays 7,104.32 37 9.53%
3 JPMorgan 7,061.57 50 9.47%
4 Goldman Sachs 6,661.80 37 8.94%
5 Bank of America Merrill Lynch 6,440.04 43 8.64%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 Deutsche Bank 10,470.01 20 3.34%
2 BNP Paribas 9,974.72 30 3.18%
3 SG Corporate & Investment Banking 9,894.09 35 3.16%
4 Barclays 8,723.74 20 2.79%
5 Citi 8,662.49 28 2.77%