Doux’s derivatives come home to roost

The European high yield market this week looked to have suffered its first wobble since the summer, as French poultry company Doux became the first issuer to miss its target offer size. The debut issue was cut on Thursday from Eu400m to Eu350m.

  • 12 Nov 2010

But bankers were quick to dismiss any talk that spikes in peripheral spreads had contributed to the failure or that the smaller deal hinted that the high yield market had passed its peak. Instead, they blamed issues specific to the company.

"The secondary market was a bit weaker on ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 BNP Paribas 11,353.22 62 6.48%
2 Goldman Sachs 10,847.70 40 6.19%
3 JPMorgan 9,883.17 41 5.64%
4 Deutsche Bank 8,939.52 52 5.10%
5 Credit Agricole CIB 8,436.06 46 4.81%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 5,262.65 41 8.52%
2 Goldman Sachs 4,273.93 33 6.92%
3 Deutsche Bank 4,249.17 39 6.88%
4 Credit Suisse 3,915.70 42 6.34%
5 Barclays 3,740.83 31 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 22,011.32 165 11.16%
2 Citi 17,958.06 133 9.10%
3 Bank of America Merrill Lynch 15,724.51 136 7.97%
4 Barclays 13,657.72 88 6.92%
5 Goldman Sachs 13,596.26 99 6.89%