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
  • 05 Dec 2016
1 Bank of America Merrill Lynch 141,939.63 561 6.18%
2 JPMorgan 134,615.83 565 5.86%
3 Citi 123,531.26 521 5.38%
4 Deutsche Bank 97,614.48 396 4.25%
5 Barclays 96,647.42 388 4.21%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 BNP Paribas 26,698.14 135 8.07%
2 Deutsche Bank 23,356.29 86 7.06%
3 Bank of America Merrill Lynch 20,598.24 76 6.23%
4 Citi 20,210.48 88 6.11%
5 Barclays 20,061.92 75 6.06%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 Deutsche Bank 7,800.70 49 10.57%
2 Citi 6,458.14 23 8.75%
3 Goldman Sachs 6,266.74 37 8.49%
4 Barclays 5,619.60 34 7.61%
5 JPMorgan 4,221.50 35 5.72%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 JPMorgan 25,637.35 204 10.43%
2 Bank of America Merrill Lynch 23,640.29 169 9.62%
3 Goldman Sachs 22,100.52 142 8.99%
4 Citi 20,620.00 153 8.39%
5 Barclays 20,603.68 133 8.38%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 BNP Paribas 30,005.45 126 7.06%
2 Barclays 24,642.89 80 5.80%
3 Deutsche Bank 23,876.70 72 5.62%
4 HSBC 23,243.04 98 5.47%
5 Citi 23,231.93 90 5.47%