US HY shows early warning signs of investor indigestion

The pace of US high yield primary activity remained brisk this week as expectations of slow but positive growth continued to lure buyers. However, the sector — where this year’s new issues have already surpassed last year’s record volume — is also exhibiting early signs of investor indigestion, according to bankers. 

  • 24 Sep 2010

The week kicked off with CCO Holdings pricing its increased $1bn seven year non-call three senior notes offering at 7.25% at par. Citigroup, Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank and UBS were joint books.

In addition, GenOn priced a $1.22bn two-part offering. The $675m 9.5% ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%