Sterling issuance may benefit as Carney raises ultra-dovishly

The first UK interest rate rise for 10 years, announced on Thursday, may stimulate sterling corporate bond issuers, because the Bank of England’s accompanying statement was even more dovish than expected.

  • By Nigel Owen
  • 02 Nov 2017
“I have been surprised by the drop in Gilt yields,” said a corporate bond syndicate banker in London. “With the five year 9bp lower and the 10 year 6bp lower, that’s an indication the market took the accompanying statement as being pretty dovish. It has been more of ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 76,064.87 362 5.94%
2 Bank of America Merrill Lynch 74,654.27 343 5.83%
3 Citi 62,267.71 352 4.86%
4 Barclays 58,729.13 218 4.58%
5 Goldman Sachs 51,079.98 204 3.99%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,740.11 80 9.75%
2 SG Corporate & Investment Banking 13,968.96 63 7.27%
3 Deutsche Bank 12,777.94 56 6.65%
4 UniCredit 10,968.94 48 5.71%
5 HSBC 10,482.96 60 5.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,647.43 42 7.16%
2 Goldman Sachs 3,642.87 28 7.15%
3 JPMorgan 3,279.22 34 6.44%
4 Deutsche Bank 3,153.00 28 6.19%
5 Credit Suisse 2,939.41 27 5.77%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,575.71 111 9.62%
2 Citi 10,815.50 91 7.67%
3 Goldman Sachs 9,536.47 76 6.76%
4 Bank of America Merrill Lynch 9,455.18 88 6.70%
5 Barclays 9,449.01 71 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,622.23 78 6.63%
2 HSBC 18,375.09 79 6.21%
3 Barclays 17,915.82 53 6.05%
4 Citi 15,926.05 64 5.38%
5 JPMorgan 15,860.55 55 5.36%