Value to be found in European HY market

European credit CDS indices were tighter on Wednesday, with the cost of insuring against default falling about 15bp in the sub-investment grade space. The Markit iTraxx Crossover retreated below the 600bp mark to 586.5bp at 3pm London time.

  • 17 Aug 2011
“It’s just a bit of short-covering so the index is tightening,” said a high yield bond trader. “It’s August so volumes are very very low. Most of the real money guys are on holiday and the fast money guys are playing it via the index and not the ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 May 2017
1 JPMorgan 59,729.64 269 3.64%
2 Citi 48,146.84 242 2.94%
3 Bank of America Merrill Lynch 45,937.03 233 2.80%
4 Deutsche Bank 41,805.81 175 2.55%
5 Morgan Stanley 38,350.79 202 2.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 BNP Paribas 13,945.15 61 9.46%
2 Deutsche Bank 12,744.72 45 8.65%
3 Barclays 11,444.28 42 7.77%
4 Citi 8,502.33 42 5.77%
5 SG Corporate & Investment Banking 8,311.04 47 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Deutsche Bank 3,271.23 30 8.16%
2 JPMorgan 3,230.36 27 8.06%
3 Citi 2,868.23 17 7.16%
4 Barclays 2,733.11 21 6.82%
5 Goldman Sachs 2,620.59 22 6.54%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 May 2017
1 JPMorgan 15,642.64 116 12.03%
2 Bank of America Merrill Lynch 11,985.87 100 9.21%
3 Citi 11,558.90 86 8.89%
4 Goldman Sachs 10,013.87 71 7.70%
5 Barclays 7,309.82 50 5.62%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 BNP Paribas 13,998.75 62 7.56%
2 Deutsche Bank 13,791.03 42 7.45%
3 Citi 11,544.92 48 6.24%
4 Barclays 10,865.91 47 5.87%
5 JPMorgan 9,678.50 37 5.23%