GE skips US holiday to raise tight €1.25bn

GE Capital chose Presidents’ Day to launch its first fixed rate benchmark bond in euros for nearly a year, and was rewarded for working overtime with €1.25bn at what bankers said was a tight spread.

  • 24 Feb 2012

Although the US holiday was one reason bankers cited for why European issuers stayed out of the market on Monday, GE found plenty of European investors at their desks — enough to amass a book of "well over €4bn", according to one of the leads.

The US industrial and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2016
1 Bank of America Merrill Lynch 61,073.97 197 6.55%
2 JPMorgan 60,854.21 202 6.53%
3 Citi 54,358.91 201 5.83%
4 Deutsche Bank 47,541.47 146 5.10%
5 Barclays 45,823.37 152 4.92%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 Deutsche Bank 13,122.85 38 3.97%
2 Bank of America Merrill Lynch 11,385.13 32 3.44%
3 BNP Paribas 11,254.76 46 3.40%
4 Citi 11,205.01 39 3.39%
5 SG Corporate & Investment Banking 11,172.07 49 3.38%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 May 2016
1 Deutsche Bank 4,315.54 21 11.96%
2 Goldman Sachs 4,022.47 17 11.15%
3 Citi 3,554.32 10 9.85%
4 Barclays 2,858.46 14 7.93%
5 JPMorgan 2,260.35 14 6.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 JPMorgan 11,660.94 74 11.64%
2 Bank of America Merrill Lynch 10,629.58 63 10.61%
3 Citi 9,139.72 53 9.12%
4 Barclays 9,054.87 52 9.04%
5 Goldman Sachs 8,537.29 52 8.52%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 Deutsche Bank 14,052.22 27 7.23%
2 Barclays 11,937.74 27 6.15%
3 BNP Paribas 11,757.87 38 6.05%
4 Citi 10,916.32 37 5.62%
5 SG Corporate & Investment Banking 10,831.33 42 5.58%