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Corp Bonds

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
  • 15 Sep 2014
1 JPMorgan 101,159.75 494 6.41%
2 Citi 87,638.48 428 5.55%
3 Bank of America Merrill Lynch 85,260.89 427 5.40%
4 Deutsche Bank 75,052.92 373 4.75%
5 Morgan Stanley 71,621.99 422 4.53%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 BNP Paribas 21,197.56 96 8.79%
2 SG Corporate & Investment Banking 17,858.69 84 7.40%
3 HSBC 17,043.47 75 7.07%
4 Deutsche Bank 15,845.32 62 6.57%
5 Barclays 13,058.69 56 5.41%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 Deutsche Bank 9,956.53 60 4.93%
2 JPMorgan 7,273.82 60 3.60%
3 Credit Suisse 7,185.53 53 3.56%
4 Goldman Sachs 6,898.10 47 3.42%
5 BNP Paribas 6,072.70 50 3.01%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 JPMorgan 25,645.39 172 10.26%
2 Citi 22,855.40 139 9.14%
3 Credit Suisse 21,313.80 134 8.52%
4 Goldman Sachs 20,011.51 110 8.00%
5 Bank of America Merrill Lynch 19,995.83 158 8.00%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 BNP Paribas 20,285.20 98 6.77%
2 HSBC 19,246.48 99 6.42%
3 SG Corporate & Investment Banking 18,668.90 90 6.23%
4 Barclays 17,582.09 80 5.86%
5 RBS 17,266.40 85 5.76%