US HY market hot for Spain’s Ono, Codere

The US high yield market was as hot this week as it has been all year. Investors have cash to invest and are happy to buy even peripheral European names like Spain’s Grupo Corporativo Ono.

  • 03 Feb 2012

"Ono was a blowout, that was a surprise," said a high yield investor in New York, adding that US accounts have a lot of cash to put to work.

The cable operator raised $1bn of December 2018 bonds, $600m more than planned. The notes complement its €1bn 8.875% senior ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Apr 2017
1 JPMorgan 47,322.39 219 6.97%
2 Citi 42,594.08 210 6.28%
3 Bank of America Merrill Lynch 39,461.35 204 5.82%
4 Deutsche Bank 36,345.71 152 5.36%
5 Barclays 33,878.27 148 4.99%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 BNP Paribas 10,853.09 45 9.91%
2 Deutsche Bank 8,072.26 30 7.37%
3 Barclays 7,980.08 33 7.29%
4 Citi 7,052.29 36 6.44%
5 SG Corporate & Investment Banking 6,646.16 38 6.07%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Deutsche Bank 2,981.20 25 9.50%
2 Citi 2,705.59 14 8.62%
3 JPMorgan 2,305.05 18 7.35%
4 Bank of America Merrill Lynch 2,082.61 15 6.64%
5 Barclays 2,056.23 15 6.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2017
1 JPMorgan 13,963.01 103 11.90%
2 Bank of America Merrill Lynch 11,022.42 92 9.40%
3 Citi 10,519.92 74 8.97%
4 Goldman Sachs 9,044.89 65 7.71%
5 Barclays 7,008.49 47 5.97%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 BNP Paribas 11,849.34 47 4.05%
2 Citi 10,255.40 43 3.51%
3 Deutsche Bank 9,727.43 31 3.33%
4 Barclays 8,299.70 38 2.84%
5 SG Corporate & Investment Banking 7,151.08 38 2.44%