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  • The winners: GlobalCapital High Yield Bond Awards 2017

    GlobalCapital is delighted to announce the winners of its High Yield Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

    • 24 May 2017
  • Massive tightening for Global Switch, Ansaldo Energia

    Corporate bond issuers have found a warm welcome in what is likely to be the last day for new issuance in Europe this week, before the Ascension Day holiday temporarily shutters supply.

    • 24 May 2017
  • Long investor queues for Heathrow’s HY benchmark deal

    UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.

    • 24 May 2017
  • Interest rates hike could rekindle HY issuance surge, say bankers

    The euro high yield market will be dining on small portions this week, far from the recovery in bond issuance volumes of the past four months but indicative of times ahead, bankers and analysts agreed — that is, unless the European Central Bank increases short term interest rates.

    • 22 May 2017
  • Corporate issuers pile into short week

    The corporate bond market has moved past the indigestion and softer market concerns that dogged the end of last week to pump out five trades ahead of a public holiday on Thursday.

    • 22 May 2017
  • JP Morgan rolls out HY fund for UK pension scheme

    Nest, the UK national employment savings trust, has become the latest in "a flurry" of buyers to move into high yield bonds.

    • 22 May 2017
  • Softer market fails to dent corporate bond supply hopes

    Corporate borrowers gave bond investors some respite on Thursday after almost two weeks of frenzied feeding, but bond bankers say that the feast will begin again on Monday as long as the softer market stabilises.

    • 18 May 2017
  • Burford collars £175m retail bond in shrunken market

    Burford Capital, the company that finances litigation, raised £175m with a bond issue on the London Stock Exchange’s Orderbook for Retail Bonds on Friday – one of the biggest deals since 2012.

    • 19 May 2017
  • Iron Mountain tests HY’s appetite for US IT

    US cloud and physical data manager Iron Mountain’s €300m deal proved European investors can give US IT company debt a chance despite some troubled recent deals.

    • 18 May 2017
  • Spangenberg switches Morgan Stanley for SEB

    Elias Spangenberg has left his credit syndicate manager post at Morgan Stanley in the UK to join SEB’s Stockholm office, according to a source.

    • 18 May 2017
  • Norwegian to market new euro bond tap

    Nordic low cost airline Norwegian Air Shuttle will meet investors about a tap of its only euro bond on Monday. This time, it also plans a new €370m deal in Norwegian kroner.

    • 18 May 2017
  • Corporates attract big books but costs rising

    New corporate bonds found plenty of demand again on Wednesday with Apple’s dual tranche transaction attracting more than €5bn of orders, but signs of strain are beginning to show as new issue premiums look to be creeping up across the market.

    • 17 May 2017
  • HY newcomer K+S squeezes tap in stuffed IG mart

    German mining firm K+S issued in the bond market for the second time in the past six weeks on Wednesday, in investment grade style despite its October downgrade into high yield ratings.

    • 17 May 2017


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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 May 2017
1 JPMorgan 59,729.64 269 3.64%
2 Citi 48,146.84 242 2.94%
3 Bank of America Merrill Lynch 45,937.03 233 2.80%
4 Deutsche Bank 41,805.81 175 2.55%
5 Morgan Stanley 38,350.79 202 2.34%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 BNP Paribas 13,998.75 62 7.56%
2 Deutsche Bank 13,791.03 42 7.45%
3 Citi 11,544.92 48 6.24%
4 Barclays 10,865.91 47 5.87%
5 JPMorgan 9,678.50 37 5.23%

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 May 2017
1 JPMorgan 59,729.64 269 3.64%
2 Citi 48,146.84 242 2.94%
3 Bank of America Merrill Lynch 45,937.03 233 2.80%
4 Deutsche Bank 41,805.81 175 2.55%
5 Morgan Stanley 38,350.79 202 2.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 BNP Paribas 13,945.15 61 9.46%
2 Deutsche Bank 12,744.72 45 8.65%
3 Barclays 11,444.28 42 7.77%
4 Citi 8,502.33 42 5.77%
5 SG Corporate & Investment Banking 8,311.04 47 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Deutsche Bank 3,271.23 30 8.16%
2 JPMorgan 3,230.36 27 8.06%
3 Citi 2,868.23 17 7.16%
4 Barclays 2,733.11 21 6.82%
5 Goldman Sachs 2,620.59 22 6.54%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 May 2017
1 JPMorgan 15,642.64 116 12.03%
2 Bank of America Merrill Lynch 11,985.87 100 9.21%
3 Citi 11,558.90 86 8.89%
4 Goldman Sachs 10,013.87 71 7.70%
5 Barclays 7,309.82 50 5.62%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 BNP Paribas 13,998.75 62 7.56%
2 Deutsche Bank 13,791.03 42 7.45%
3 Citi 11,544.92 48 6.24%
4 Barclays 10,865.91 47 5.87%
5 JPMorgan 9,678.50 37 5.23%