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 Sep 2016
1 Bank of America Merrill Lynch 117,559.29 446 6.40%
2 JPMorgan 111,827.51 442 6.09%
3 Citi 98,476.57 400 5.36%
4 Deutsche Bank 81,615.02 306 4.45%
5 Barclays 80,736.71 307 4.40%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 BNP Paribas 19,899.18 89 7.93%
2 Deutsche Bank 18,875.22 64 7.52%
3 Bank of America Merrill Lynch 17,051.36 58 6.79%
4 Barclays 15,424.93 54 6.15%
5 SG Corporate & Investment Banking 15,117.59 75 6.02%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 Deutsche Bank 14,498.54 102 8.95%
2 JPMorgan 12,096.76 87 7.47%
3 Goldman Sachs 11,582.48 76 7.15%
4 Barclays 11,250.50 70 6.95%
5 Citi 10,901.13 54 6.73%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 22,053.45 171 10.75%
2 Bank of America Merrill Lynch 20,324.19 141 9.91%
3 Barclays 17,795.18 110 8.67%
4 Citi 17,522.90 127 8.54%
5 Deutsche Bank 17,333.36 103 8.45%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 BNP Paribas 23,100.71 84 6.83%
2 Deutsche Bank 20,691.09 55 6.12%
3 Barclays 20,516.32 56 6.07%
4 Citi 18,079.39 66 5.35%
5 HSBC 17,156.12 72 5.08%