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
  • 14 Jun 2017
1 JPMorgan 81,498.74 352 7.26%
2 Bank of America Merrill Lynch 71,488.76 324 6.37%
3 Citi 67,601.26 321 6.02%
4 Barclays 55,362.73 221 4.93%
5 Goldman Sachs 54,047.07 221 4.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Jun 2017
1 BNP Paribas 15,877.45 68 9.25%
2 Barclays 13,596.86 49 7.93%
3 Deutsche Bank 12,929.26 46 7.54%
4 HSBC 9,996.40 45 5.83%
5 SG Corporate & Investment Banking 9,719.13 51 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 Danske Bank 40,548.61 42 14.16%
2 Svenska Handelsbanken AB 38,163.35 21 13.33%
3 BNP Paribas 15,055.84 69 5.26%
4 Deutsche Bank 14,548.66 47 5.08%
5 Citi 12,612.10 54 4.41%