High yield stars but J&J record steals the show

It was the turn of high yield issuers to take advantage of low funding costs in the US corporate bond market this week following last week’s glut of investment grade issuance, after the Federal Reserve re-stated its commitment to low interest rates and extended its monetary stimulus measures. Top-notch credits also had their moment, though: Johnson & Johnson broke McDonald’s record for the lowest coupon ever achieved by a US corporate for a 10 year bond late on Thursday as EuroWeek went to press.

  • 13 Aug 2010

The low rates attracted cross-over credits and a flurry of high yield issuance although disappointing jobless figures released on Thursday threatened to stem the flood of high grade issuance, which totaled nearly $13bn from 22 borrowers.

"The economic story is taking its toll on the equities markets and ...

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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%