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
  • 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%