dcsimg
Corp Bonds

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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Mar 2015
1 JPMorgan 48,157.12 197 8.39%
2 Bank of America Merrill Lynch 40,823.59 172 7.11%
3 Citi 35,129.50 163 6.12%
4 Barclays 33,527.45 144 5.84%
5 Morgan Stanley 29,543.22 140 5.15%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 Barclays 11,961.82 35 10.37%
2 HSBC 9,925.60 36 8.60%
3 BNP Paribas 9,298.01 48 8.06%
4 SG Corporate & Investment Banking 8,668.74 32 7.51%
5 Deutsche Bank 7,741.59 26 6.71%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 Credit Suisse 3,233.52 20 9.18%
2 Deutsche Bank 2,988.48 23 8.49%
3 JPMorgan 2,585.22 23 7.34%
4 Citi 2,441.32 14 6.93%
5 Morgan Stanley 2,352.98 18 6.68%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 JPMorgan 8,598.76 58 9.21%
2 Citi 8,303.48 55 8.90%
3 Barclays 7,925.32 47 8.49%
4 Bank of America Merrill Lynch 7,640.37 59 8.19%
5 Deutsche Bank 7,209.35 41 7.72%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 Barclays 8,667.53 31 8.26%
2 SG Corporate & Investment Banking 8,532.46 30 8.13%
3 BNP Paribas 7,005.18 38 6.67%
4 Deutsche Bank 5,783.39 21 5.51%
5 HSBC 5,185.04 28 4.94%