• FCA meddles with league tables, IPO allocs

    The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the MTN and equity block trades markets.

    • 20 Oct 2016
  • FCA can know which MTN trades make a loss, but it’s a murky area

    MTN issuers and dealers have been dismissive this week of plans by the Financial Conduct Authority to prevent banks gaining league table credit from loss-making trades.

    • 20 Oct 2016
  • France's Econocom and Ipsos pick €125m Schuldschein each

    Two french firms, digital services specialist Econocom Group and research company Ipsos, have both launched Schuldscheine this week with initial sizes of €125m that can be increased.

    • 20 Oct 2016
  • Don’t use Schuldscheine as a proxy loan market

    Loans and Schuldscheine have always sat side by side. With a similar lender base and documentation, the two seem almost interchangeable. This year banks have been capitalising on that similarity and driving issuance to new heights, but they should not get carried away — restructuring a Schuldschein is a lot more painful than with a loan.

    • 18 Oct 2016
  • Tikehau bulks up with deputy MD hire

    French asset manager Tikehau Capital has added to its ranks by hiring a deputy managing director in a newly created position.

    • 18 Oct 2016
  • Matthews chiselling out €50m Schuldschein

    The European subsidiary of Matthews, a US provider of 'memorialisation products', such as caskets and memorial plaques, has launched a €50m Schuldschein, which could grow based on demand from lenders.

    • 14 Oct 2016
  • Ireland’s Goshawk rounds up 2016 funding run with $75m Schuldschein

    Irish aircraft lessor Goshawk launched a $75m Schuldschein after landing a $345m syndicated loan in June and its first unsecured bond issue to US investors in August.

    • 13 Oct 2016
  • Acciona brings green Spanish SSD to market

    Infrastructure and renewable energy firm Acciona is marketing a €100m green promissory note, one of only a handful of green Schuldscheine ever completed and a rare deal from a Spanish borrower.

    • 12 Oct 2016
  • Cabot tightens margin in £250m deal, syndicate unchanged

    Cabot Credit Management, the debt purchasing and recovery business, has amended its senior secured revolving credit facility and lowered the margin but kept the same group of lenders.

    • 12 Oct 2016
  • NN picks alt credit head, eyes private debt growth

    Dutch asset manager NN Investment Partners has hired a head for its alternative credit boutique to oversee €14bn of assets, as the firm also plans to increase its focus on private debt.

    • 11 Oct 2016
  • ECB corporate bond spree puts squeeze on investors

    The European corporate bond market received an extraordinary shot in the arm this year when it became the target of central bank intervention that triggered a surge in bond prices pushing investors into ever tighter positions. With negative yields spreading, just how low can corporate bonds go? Ross Lancaster reports.

    • 10 Oct 2016
  • Yield starved banks muscle in on blazing Schuldschein market

    Yield starved banks are redefining how the Schuldschein market operates, it was shown this week. In a market where investors and banks have historically lent alongside each other, the low ebb in European loans is sending banks to Schuldscheine in hordes and, in some cases, they are pricing out investors. Elly Whittaker reports.

    • 06 Oct 2016
  • BNP Paribas IP takes on SME direct lending with €500m fund

    BNP Paribas Investment Partners has launched a €500m direct lending fund which offers longer dated institutional loans alongside bank loans to small and medium sized European companies.

    • 04 Oct 2016
  • Axa battles low rates with alternative credit merger

    Axa Investment Managers has merged its alternative solutions and structured finance teams to form a single alternative credit offering as investors hunt harder than ever to find elusive yield.

    • 03 Oct 2016
  • The man who knew too much: Hitchcock goes back to school

    A former managing director at New York Life Investment Management in London has left his job to go back to study at university.

    • 03 Oct 2016

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Bank of America Merrill Lynch 123,624.17 479 6.26%
2 JPMorgan 118,386.76 482 5.99%
3 Citi 106,920.95 443 5.41%
4 Deutsche Bank 84,490.44 329 4.28%
5 Goldman Sachs 83,413.89 302 4.22%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 BNP Paribas 21,507.23 101 3.92%
2 Deutsche Bank 19,724.02 67 3.60%
3 Bank of America Merrill Lynch 17,598.59 62 3.21%
4 SG Corporate & Investment Banking 16,294.98 85 2.97%
5 Barclays 16,283.59 59 2.97%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 Deutsche Bank 6,762.83 40 10.37%
2 Citi 6,260.32 20 9.60%
3 Goldman Sachs 5,535.09 31 8.49%
4 Barclays 4,989.20 26 7.65%
5 JPMorgan 3,571.74 29 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 22,705.76 180 10.58%
2 Bank of America Merrill Lynch 20,936.36 149 9.76%
3 Goldman Sachs 18,558.41 120 8.65%
4 Barclays 18,369.35 115 8.56%
5 Citi 18,136.80 132 8.45%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 BNP Paribas 24,673.19 97 3.35%
2 Barclays 21,634.19 64 2.94%
3 Deutsche Bank 21,539.88 58 2.93%
4 HSBC 20,303.91 82 2.76%
5 Citi 18,952.95 73 2.57%