Latest corporate hybrid news

  • Tennet readies green hybrid first

    Dutch national energy company Tennet is preparing to sell the first ever green hybrid capital bond in a deal that bankers unanimously said will fly, but the mandate has sparked calls that the vanilla green market should become larger before the green product base becomes more varied, writes Michael Turner.

    • 16 Mar 2017
  • MAF returns for second bite of hybrid cherry

    The UAE’s Majid Al Futtaim will begin investor meetings in Asia next week for a subordinated perpetual bond, the first from the Middle East this year.

    • 24 Feb 2017
  • Dormant hybrid market twitches to the pulse of SSE

    UK energy company SSE has hired banks to arrange a rare hybrid bond roadshow, though bankers say the number of deals in the market will be low until a big round of refinancings due to begin next year.

    • 22 Feb 2017
  • FWD finds big demand for $250m subordinated perp

    Hong Kong-based insurer FWD priced a $250m subordinated, perpetual dollar denominated note on Tuesday off the back of a $6.75bn order book, making the deal around 26 times covered.

    • 18 Jan 2017
  • Mapletree cracks open Sing dollar debt market

    Singapore’s Mapletree Investments raised S$625m ($438m) from its debt outing on Thursday, marking the first public Singapore dollar bond of the year.

    • 13 Jan 2017
  • Mapletree mandates for perp, considering S$ or $

    Temasek-owned Mapletree Investments is preparing a perpetual bond, hiring two firms to work on the transaction. The currency is yet to be decided, but the firm is mulling between US and Singapore dollars.

    • 09 Jan 2017
  • SES backs M&A with second hybrid of the year

    SES, the Luxembourg-based satellite operator, issued its second hybrid bond of the year on Tuesday as it pounced on a calm day in the euro corporate bond market and captured an increase in risk sentiment.

    • 22 Nov 2016
  • Chalco, Bank of East Asia sound out investors

    Aluminum Corporation of China is planning its return to the international bond market, having hired banks for a Reg S dollar senior perpetual.

    • 26 Oct 2016
  • JP Morgan names new head of Emea DCM

    JP Morgan has chosen a new head of debt capital markets in Emea, as part of a wider reshuffle designed to promote a new generation of bankers to top jobs.

    • 21 Oct 2016
  • Air Liquide shuns hybrids for €3bn blowout rights issue

    Air Liquide's €3.28bn rights issue, the biggest in the world last year, was a blowout success.

    • 07 Oct 2016

Corporate hybrid news archive

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Mar 2017
1 JPMorgan 26,801.25 116 7.23%
2 Citi 24,294.27 107 6.55%
3 Bank of America Merrill Lynch 23,745.51 112 6.41%
4 Deutsche Bank 21,936.54 80 5.92%
5 Barclays 18,739.72 76 5.06%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 BNP Paribas 7,741.23 34 9.96%
2 Deutsche Bank 6,409.32 21 8.25%
3 Barclays 5,176.15 25 6.66%
4 HSBC 5,003.70 23 6.44%
5 Citi 4,576.17 26 5.89%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Citi 2,417.98 11 10.88%
2 Deutsche Bank 2,229.13 17 10.03%
3 Bank of America Merrill Lynch 1,908.90 13 8.59%
4 JPMorgan 1,733.98 11 7.80%
5 Barclays 1,569.70 11 7.06%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 11,150.67 77 12.59%
2 Citi 8,073.45 55 9.11%
3 Bank of America Merrill Lynch 7,652.39 65 8.64%
4 Goldman Sachs 6,155.05 45 6.95%
5 Credit Suisse 5,502.63 40 6.21%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 BNP Paribas 8,202.93 31 9.23%
2 Deutsche Bank 6,868.10 19 7.73%
3 Citi 6,086.67 25 6.85%
4 JPMorgan 4,814.18 17 5.42%
5 HSBC 4,304.73 21 4.84%