Latest high yield corporate bond news

  • 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 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
  • 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
  • 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
  • Miller Homes builds debut HY offering in tightening sterling market

    UK housebuilder Miller Homes this week brought its first high yield deal, coming at a time when spreads on sterling bonds with speculative grade ratings have tightened more than 100bp so far this year.

    • 21 Sep 2017
  • Stada interest prompts bigger bond

    Order books for the dual tranche high yield bond deal from German pharmaceutical company, Stada, closed at noon on Thursday. Such was the demand for the secured tranche that the deal was was increased by €250m.

    • 21 Sep 2017
  • China’s high yield issuers face unrelenting battle with NDRC

    It has been a tough year for Chinese issuers as they battle with the National Development and Reform Commission (NDRC) to get go-aheads for offshore bond sales. But the regulator’s snail-like approval process appears to be crawling to a near standstill ahead of the National Congress of the Communist Party, leaving bankers befuddled about what to expect for the rest of the year. Morgan Davis reports.

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

    Aside from the leveraged deals for Stada and Miller Homes, three sub-investment grade borrowers printed deals in the high yield corporate bond market on Thursday. The three issuers all used different tenors to raise a combined €1.06bn.

    • 21 Sep 2017
  • Sunshine counts on anchors for refinancing

    Investors familiar with Sunshine 100 China Holdings’ credentials shrugged off a recent ratings downgrade to gobble up its new $235m bond, which will allow the company redeem a note coming due imminently.

    • 21 Sep 2017

High yield corporate bond news archive

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%