• Ocean crossing to pay off for Quintiles

    As US pharma research firm Quintiles IMS Holdings began the sale of a new €850m high yield bond, market participants said European HY investors are embracing the train of US issuers printing in euros.

    • 22 Feb 2017
  • Levi Strauss adopts refi fashion in euro HY

    Jeanswear maker Levi Strauss will launch on Wednesday a new refinancing deal in euros having been absent from the European high yield bond market for seven years.

    • 21 Feb 2017
  • United PV hits annual fundraising limit with $100m tap

    Chinese solar power company United Photovoltaics Group grabbed investors on Monday for a $100m tap of its debut notes, managing to hit its approved $350m fundraising cap.

    • 21 Feb 2017
  • China's United PV opens tap for more dollars

    Chinese borrower United Photovoltaics Group is back in the dollar debt market for more, opening a tap of its debut three year notes on Monday morning.

    • 20 Feb 2017
  • Stada, Body Shop sales offer glimmer of hope to levloan investors

    The repricing train steams on in European leveraged loans, although several buyouts are coming down the track, offering new paper and the promise of some yield to desperate investors.

    • 15 Feb 2017
  • Ineos speeds loan allocation in ‘never ending repricing’ season

    Swiss petrochemicals firm Ineos priced a €4.5bn-equivalent four tranche term facility refinancing at the tight end of guidance on Monday, taking advantage of a leveraged loan market where abundant demand and scarce new paper is grinding down margins and encouraging a wave of refinancings.

    • 13 Feb 2017
  • Future Land collects cash deluge from HY investors

    Future Land Development Holdings’ new three year notes garnered massive investor interest for a $350m capped deal, as Chinese property names benefit from market support.

    • 10 Feb 2017
  • Apollo bottles up Verallia dividend in €350m PIK deal

    It took a trim of the offering size and issuer’s leverage ratio to sway high yield investors, but French glass packaging manufacturer Verallia finally priced its new bond on Thursday.

    • 09 Feb 2017
  • 'Disciplined market' sets ICBPI’s PIKs above 7%

    Istituto Centrale delle Banche Popolari Italiane (ICBPI) on Thursday sold a payment-in-kind bond to fund its latest acquisitions in the consumer card sector.

    • 09 Feb 2017
  • New Italian HY fund does away with regional bounds

    Sidera Funds has launched a new investment sub-fund that tracks euro and US high yield indices from Bank of America Merrill Lynch, but goes beyond geographies and currencies.

    • 09 Feb 2017
  • Future Land Development surges into market

    Future Land Development Holdings is hunting for $350m from a new three year note launched on Thursday morning, with pricing tightened aggressively at the end of the day.

    • 09 Feb 2017
  • Silgan uncorks rare loan-to-bond cross-border offering

    Silgan Holdings, a maker of consumer goods packaging in the US, this week priced the first cross-border high yield deal of 2017 as it plans to repay term loans.

    • 08 Feb 2017
  • Stone Canyon pounces as Mauser foregoes IPO

    Stone Canyon Industries, the US investment firm, has agreed to buy Mauser for $2.3bn after the German packaging supplier forewent a proposed initial public offering.

    • 08 Feb 2017
  • Apollo tweaks Verallia dividend bond at investors’ behest

    French bottle maker Verallia served on Wednesday an updated version of the offering it had to pull in October, when its shareholder Apollo disagreed over the terms with investors. The deal is now smaller, and the issuer less leveraged.

    • 08 Feb 2017
  • Buma quells investor concerns to raise $350m

    Bukit Makmur Mandiri Utama (Buma), which services Indonesia's coal industry, pulled in an impressive $2.2bn book for a $350m bond this week, after taking care to meet investors and address their concerns about its relationship with defaulted miner Berau Coal.

    • 07 Feb 2017
  • Neerg Energy powers up green bond with unique structure

    India’s Neerg Energy sold a $475m green bond on Monday — the second green dollar transaction from Asia this year. The deal introduced a new structure to the market, but investors’ concerns were allayed by the issuer’s robust credit story.

    • 07 Feb 2017
  • Asian power companies turn to dollar investors

    Power companies were at the forefront of the international market on Monday, with India’s Neerg Energy and Indonesia’s Bukit Makmur Mandiri Utama launching high yield dollar deals.

    • 06 Feb 2017
  • Xella builds on loan again as demand raises the roof

    Xella increased its €1.4bn buyout term loan for a second time on Thursday morning, adding another €50m in lieu of a proposed shareholder loan, while US software firm Infor did the same on its €750m term loan.

    • 03 Feb 2017
  • Sterling loans tighten as managed accounts bulk up

    Parkdean Resorts accelerated commitments on its £575m ($722m) buyout seven year term loan ‘B’ this week alongside several issuers who came to reprice sterling deals, as more cash pours into non-CLO investment accounts.

    • 02 Feb 2017

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 JPMorgan 62,591.98 254 8.02%
2 Citi 61,005.69 220 7.81%
3 Bank of America Merrill Lynch 58,608.72 174 7.51%
4 Barclays 54,439.39 163 6.97%
5 Goldman Sachs 46,279.46 130 5.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Deutsche Bank 7,631.43 12 11.03%
2 Bank of America Merrill Lynch 4,575.12 14 6.62%
3 Citi 3,984.96 10 5.76%
4 Commerzbank Group 3,849.81 7 5.57%
5 HSBC 3,720.28 13 5.38%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Goldman Sachs 1,774.56 8 9.26%
2 Morgan Stanley 1,728.90 15 9.02%
3 JPMorgan 1,456.77 11 7.60%
4 Bank of America Merrill Lynch 1,450.69 9 7.57%
5 UBS 1,317.06 9 6.87%