Novartis finds US bond bid strong but tricky

The US investment grade corporate bond market sprang back to life this week as four big issuers hit the market in quick succession on Thursday, after multi-billion dollar deals from Novartis and Comcast earlier in the week.

  • By Jon Hay
  • 21 Feb 2014

Google was the marquee name on Thursday, printing a $1bn 10 year deal that attracted more than $3bn of demand as investors clamoured for a credit that has issued only once before, in 2011.

The search engine leader, rated Aa2/AA, blessed Bank of America Merrill Lynch, Goldman Sachs ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jun 2016
1 JPMorgan 75,154.33 273 6.37%
2 Bank of America Merrill Lynch 74,072.61 269 6.27%
3 Citi 63,109.48 254 5.35%
4 Deutsche Bank 57,804.74 190 4.90%
5 Barclays 53,840.74 195 4.56%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jun 2016
1 BNP Paribas 13,827.96 63 3.70%
2 Deutsche Bank 13,743.55 43 3.68%
3 SG Corporate & Investment Banking 12,619.33 60 3.38%
4 Bank of America Merrill Lynch 12,237.34 37 3.28%
5 Citi 11,620.67 41 3.11%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Jun 2016
1 Deutsche Bank 4,604.98 26 11.11%
2 Goldman Sachs 4,301.94 20 10.38%
3 Citi 3,603.80 11 8.69%
4 Barclays 2,955.17 16 7.13%
5 JPMorgan 2,422.57 16 5.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2016
1 JPMorgan 14,988.76 103 5.50%
2 Bank of America Merrill Lynch 13,073.89 86 4.80%
3 Citi 12,484.86 79 4.58%
4 Goldman Sachs 12,046.81 75 4.42%
5 Barclays 11,319.03 69 4.15%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2016
1 Deutsche Bank 14,717.36 32 6.77%
2 BNP Paribas 13,372.67 50 6.15%
3 Barclays 12,858.91 32 5.91%
4 SG Corporate & Investment Banking 12,278.60 53 5.64%
5 Citi 11,605.09 41 5.33%