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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
  • Today
1 JPMorgan 115,492.34 560 6.48%
2 Bank of America Merrill Lynch 100,007.72 492 5.61%
3 Citi 97,972.27 503 5.50%
4 Deutsche Bank 83,913.37 421 4.71%
5 Morgan Stanley 81,730.05 474 4.58%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Oct 2014
1 BNP Paribas 28,953.01 133 4.66%
2 HSBC 25,552.77 127 4.11%
3 Deutsche Bank 24,517.93 100 3.95%
4 RBS 23,994.82 116 3.86%
5 Barclays 23,331.18 104 3.76%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 16 Oct 2014
1 Deutsche Bank 10,321.32 65 9.63%
2 JPMorgan 7,838.70 65 7.31%
3 Credit Suisse 7,377.87 55 6.88%
4 Goldman Sachs 7,026.57 48 6.55%
5 BNP Paribas 6,220.13 53 5.80%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,639.10 190 10.17%
2 Citi 25,365.10 157 9.00%
3 Morgan Stanley 24,255.91 134 8.61%
4 Bank of America Merrill Lynch 23,393.59 179 8.30%
5 Credit Suisse 22,843.03 145 8.11%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Oct 2014
1 BNP Paribas 22,011.81 109 6.30%
2 HSBC 21,349.42 112 6.11%
3 SG Corporate & Investment Banking 21,035.82 102 6.02%
4 RBS 20,031.03 102 5.73%
5 Barclays 19,845.00 91 5.68%