All the latest corporate bond news from all categories

  • Volkswagen double takes 2017 total over €17bn

    Volkswagen Leasing brought its second euro corporate bond deal of 2017 on Monday. The €2.25bn dual tranche offering took Volkswagen’s total issuance this year to €17.25bn. This is more than twice as much as General Electric, the next highest issuer by volume.

    • 02:45 PM
  • Heineken provides Friday refreshment

    Heineken used the quieter end of the week in terms of issuance to price its second benchmark corporate bond issue of the year. The sixth benchmark issue of the year in Europe by a beer producer was the only deal in the market on Friday.

    • 02:30 PM
  • Hanjin International builds floating green note

    South Korea’s Hanjin International is courting environmentally friendly investors for a new dollar bond, and will funnel the proceeds into refinancing debt taken for the construction of a green building.

    • 11:15 AM
  • Investors tune in for Skyworth’s debut Panda

    In an unusual debut in the Panda bond market, television manufacturer Skyworth approached investors with an equity-backed note. The effort grabbed attention and helped Skyworth bag Rmb2bn ($303.6m) – the maximum it could raise – from a five year non put three on the Shenzhen Stock Exchange on September 19.

    • 07:00 AM
  • Shougang, Yuzhou take bids for bonds

    Chinese steel company Shougang Group Co is returning to the dollar debt market with a new five year bond, while Yuzhou Properties Company is drumming up interest for its debut senior perpetual transaction.

    • 05:45 AM
  • Nan Fung builds support for dollar bond

    Nan Fung International Holdings began marketing a new dollar bullet on Monday morning, the property developer’s second international bond this year.

    • 05:15 AM
  • Artemis hits target: cheap funding with no dilution

    Artemis, the Pinault family holding company that owns €17bn of shares in Kering, the French luxury goods group, raised €383m on Tuesday with an innovative equity-neutral exchangeable bond, in which Crédit Agricole acts as an extra counterparty to investors.

    • 22 Sep 2017
  • Corporate bond week ahead: pace slows but no worries

    This week started very strongly in the investment grade euro corporate bond market with nine tranches issued in the first two days. However, the rest of the week yielded just the one. Syndicate managers are not worried though about a lack of supply next week.

    • 22 Sep 2017
  • Nan Hai Corp goes it alone for new bond

    China’s Nan Hai Corp has mandated two firms to work on a dollar-denominated deal, its third outing of the year but its first without a standby letter of credit (SBLC).

    • 22 Sep 2017
  • Updated: Tianjin Real Estate eyes $100m from debut

    Tianjin Real Estate Group Co is looking to raise $100m from a 4.5% bond on Friday, the lone Asian issuer to announce a transaction.

    • 22 Sep 2017
  • Pennon Group GBP300m 2.875% Perp NC May 2020

    • 21 Sep 2017
  • Busy Bs dominate in dollars before Fed meeting

    Investors bought into attractive yields from triple-B rated issuers that jumped into the US corporate bond market ahead of the Fed’s well flagged announcement that it would reverse quantitative easing.

    • 21 Sep 2017
  • Gatwick safely lands 22 year sterling deal

    Gatwick Airport brought the second sterling investment grade corporate bond of the week on Thursday, following Pennon’s £300m hybrid on Monday.

    • 21 Sep 2017
  • Long lost issuers return to welcoming arms of investors

    In September, a number of issuers have returned to the European corporate bond markets after a number of years without issuing. On Wednesday, German chemicals distributor Brenntag, Australian property company Goodman and Austrian steel company Voestalpine were the latest to join that list.

    • 21 Sep 2017
  • Ten years works for quick return and long wait

    Canadian car parts maker Magna International and French property company Gecina both priced 10 year deals in the European corporate bond market this week. Magna had waited two years since its last euro issue, Gecina just three months.

    • 21 Sep 2017
  • Three high yield borrowers take over €1bn on Thursday

    Three sub-investment grade borrowers printed deals in the high yield corporate bond market on Thursday using different tenors to raise a combined €1.06bn.

    • 21 Sep 2017
  • NorteGas dual tranche debut hits €5.4bn

    Spanish gas distribution company NorteGas Energía Distribución was the only investment grade corporate bond issuer in the euro corporate bond market on Thursday. Its debut deal was a €1.3bn five year and 10 year dual tranche offering with order books totalling €5.4bn.

    • 21 Sep 2017
  • Autostrade per l’Italia hits 12 year to fund tender

    Autostrade per l’Italia, the Italian toll road operator, on Monday printed a €700m 12 year deal to finance a tender offer for up to €650m shorter dated bonds.

    • 21 Sep 2017
  • Stada ups bond portion to €1.075m for landmark LBO

    Stada Arzneimittel, the German pharmaceuticals firm being bought in a €5.3bn deal by Bain Capital and Cinven, opened a bond roadshow on Monday after marketing €2bn of leveraged loans last week .

    • 21 Sep 2017
  • Land Securities tenders and goes long and large for feelgood Friday

    The Bank of England Monetary Policy Committee meeting last week created a midweek pause in sterling issuance. However, once the meeting passed, Land Securities reopened the market with a £1bn pair of long dated tranches last Friday.

    • 21 Sep 2017

More Corporate Bonds

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 133,573.25 578 7.23%
2 Bank of America Merrill Lynch 118,541.55 539 6.42%
3 Citi 104,212.37 544 5.64%
4 Goldman Sachs 86,938.14 355 4.71%
5 Barclays 82,724.67 361 4.48%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 22,951.77 105 8.77%
2 Barclays 19,796.44 75 7.56%
3 Deutsche Bank 17,925.12 74 6.85%
4 HSBC 16,031.84 71 6.12%
5 SG Corporate & Investment Banking 14,554.56 78 5.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,442.63 45 7.89%
2 Goldman Sachs 4,801.82 38 6.96%
3 Deutsche Bank 4,751.46 46 6.89%
4 Credit Suisse 4,353.57 48 6.31%
5 Barclays 4,263.74 37 6.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,018.08 214 10.98%
2 Citi 21,099.90 168 8.27%
3 Bank of America Merrill Lynch 20,960.58 186 8.22%
4 Goldman Sachs 19,294.20 134 7.56%
5 Barclays 17,943.05 119 7.03%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,816.78 75 6.66%
2 HSBC 22,736.18 101 6.64%
3 BNP Paribas 21,794.95 106 6.36%
4 Barclays 21,638.43 92 6.32%
5 Citi 19,224.66 78 5.61%