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Corp Bonds

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
  • 26 Jan 2015
1 Morgan Stanley 8,039.46 30 8.53%
2 Citi 6,902.25 26 7.33%
3 JPMorgan 5,590.37 28 5.93%
4 Barclays 5,552.04 29 5.89%
5 Bank of America Merrill Lynch 5,053.13 22 5.36%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 SG Corporate & Investment Banking 2,868.31 9 6.02%
2 HSBC 2,165.06 9 4.54%
3 Barclays 1,886.97 6 3.96%
4 Deutsche Bank 1,694.69 4 3.56%
5 BNP Paribas 1,656.42 9 3.48%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Morgan Stanley 881.07 4 16.99%
2 Deutsche Bank 624.35 4 12.04%
3 Credit Suisse 553.85 4 10.68%
4 ING 387.93 3 7.48%
5 BNP Paribas 379.64 3 7.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Barclays 1,928.42 13 14.39%
2 Citi 1,585.56 11 11.83%
3 Morgan Stanley 1,275.70 11 9.52%
4 RBC Capital Markets 1,221.99 9 9.12%
5 Credit Suisse 1,038.55 7 7.75%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 SG Corporate & Investment Banking 2,455.66 8 12.32%
2 Barclays 1,309.76 4 6.57%
3 JPMorgan 1,273.66 7 6.39%
4 HSBC 1,232.67 7 6.19%
5 BNP Paribas 1,219.31 8 6.12%