Top stories


  • Interoute to hang up on HY bonds with new refi loan

    Interoute, a UK network and cloud services operator, is set to refinance its only high yield bond issue with a new leveraged loan that it launched this week.

    • 18 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
  • Virgin opens sterling ‘deep pockets’ for tap

    UK telecoms group Virgin Media was in the market for a £200m add-on of its 2024 receivable financing notes on Monday. By Wednesday, it had sold £450m of the deal, proving that demand is not restricted to the high yield debt market for euros, where three more deals were under way.

    • 14 Sep 2017
  • Partners Group to launch Civica loans

    The European leveraged loan deal pipeline for September keeps growing, now topping €7bn from more than 10 borrowers. The latest facility is for UK software firm Civica, which Partners Group has acquired from OMERS Private Equity.

    • 14 Sep 2017
  • Softbank ‘fascinates’ HY market with €4.75bn bond splurge

    Japanese telecoms company SoftBank has done it again. On Tuesday, it replicated its 2015 success of a €4.5bn bond issued outside of the US high yield market with a new €4.75bn issue.

    • 12 Sep 2017
  • Investors see little wrong with corporate bond market, ready for more

    Wednesday morning brought three new corporate bond deals, to add to the six already priced this week. Investors are being offered a diverse group of credits, and their appetite has yet to be sated.

    • 13 Sep 2017
  • EQT funds Lion Capital for Grenade acquisition

    Lion Capital, the consumer specialist private equity firm, has funded the acquisition of a controlling stake in sports nutrition brand Grenade with a credit facility from EQT.

    • 12 Sep 2017
  • Moody’s brings former Fitch senior director for new US role

    Moody’s Investors Service has appointed Vishal Damani as head of US intermediaries in its relationship management team, a newly created position. Damani had a similar role at Fitch Ratings.

    • 12 Sep 2017
  • Synlab flexes but angst in store for lev loans under €400m

    Synlab, the French clinical services provider, achieved tight pricing on Tuesday for its leveraged loan. That bodes well for a September deal pipeline that has swelled to over €5bn. But bankers cautioned small deals may still have to fight for investor attention against large offerings like Stada’s €2bn loan.

    • 12 Sep 2017
  • Moy Park acquisition to spark £560m issue

    US chicken processor Pilgrim’s Pride Corp plans to fund its £1bn buyout of UK peer Moy Park with cash in hand, an extension of its term loans, and a new debt issue to repay a JBS subordinated note.

    • 11 Sep 2017
  • Seven more join booming HY primary as funds fall

    A full €2.3bn of bond offerings from seven borrowers hit screens on Monday in the European high yield bond market, following last week's more than €3bn of new bonds despite fund inflows turning negative.

    • 11 Sep 2017
  • HY welcomes Cortefiel €600m bond debut after turnaround

    Spanish clothing retailer Cortefiel priced its leveraged buyout bond on Thursday, in a sign that the high yield market is open for challenging credits.

    • 07 Sep 2017
  • HY record year ahoy, but terms weaker

    The European high yield bond market has suffered two years of falling primary issuance but a busy September will provide the impetus for a return to growth. However, there are also concerns about weakening investor protection.

    • 07 Sep 2017
  • Carlyle’s Praesidiad LBO loan in heavy week

    Praesidiad, a Belgian perimeter security company, launched the term loan for its acquisition by private equity firm Carlyle on Monday, in what was a busy week for the market. More than €2.5bn of loan deals have been launched in the past four days.

    • 04 Sep 2017

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
02-Aug-17Limacorporate SpA 15-Aug-232753-mth Euribor +375bp
27-Jul-17LHC3 plc15-Aug-245754.125
25-Jul-17Diamond (BC) BV15-Aug-254505.625%
20-Jul-17IPD 3 BV17-Jul-24175E +450
20-Jul-17IPD 3 BV17-Jul-243254.5%


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,074.60 62 6.98%
2 BNP Paribas 14,553.23 79 6.32%
3 Goldman Sachs 13,002.56 50 5.65%
4 HSBC 12,261.48 74 5.32%
5 Deutsche Bank 11,531.87 64 5.01%

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 European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,074.60 62 6.98%
2 BNP Paribas 14,553.23 79 6.32%
3 Goldman Sachs 13,002.56 50 5.65%
4 HSBC 12,261.48 74 5.32%
5 Deutsche Bank 11,531.87 64 5.01%

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%