Corporates in charge as rally builds despite insecurities

Investors’ eagerness to buy European corporate bonds has become so hot that bankers are beginning to declare it an issuer’s market. Yet some still feel the rally is fragile — that investors are buying because they have to, rather than out of real confidence.

  • 24 Feb 2012

This week brought €5.2bn of deals in euros, including a cross-over credit, an Italian car finance company and a sub-benchmark issue — all no-nos for investors before Christmas.

Virtually all the deals were several times oversubscribed, enabling the leads to tighten guidance and price at the tight end of ...

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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%