Bond Issuance Continues To Rise

Bond issuance continued to rise in 2006, despite higher interest rates, the Bond Market Association said in its latest quarterly research report.

  • 18 Aug 2006
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Bond issuance continued to rise in 2006, despite higher interest rates, the Bond Market Association said in its latest quarterly research report. The rise was due to increased corporate borrowing and stronger home mortgage activity than a year ago. The association expects bond issuance to continue to climb throughout the rest of the year.

Gross corporate bonds saw an issuance of $421.4 billion in the first six months of 2006, compared to $359.4 billion issued during the same time period last year. Overall bond issuance reached $2.84 trillion in the first half of 2006, a 3.1% increase from last year, which saw issuance of $2.76 trillion. The second quarter of this year saw issuance of $1.43 trillion, an increase of 1.1% over the first quarter and an increase of 2.5% percent over the $1.39 trillion issued in the second quarter of 2005.

  • 18 Aug 2006

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%