Secondary market recovery ushers in five new IG deals

On Wednesday morning, it was doom and gloom as secondary spreads had widened and only Vodafone dipped its toe into new issuance waters. But after a stable afternoon and a positive session in the US, Thursday morning brought calm.

  • By Nigel Owen
  • 16 Nov 2017

While most of Thursday’s five deals offered more defensive tenors, the underlying tone was definitely positive, highlighted no better than by Orsted’s green combination of senior and hybrid issues.

The Danish power company, majority owned by the Danish government, sold its first bonds since changing its ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,849.16 274 6.40%
2 Bank of America Merrill Lynch 52,220.94 256 5.78%
3 Citi 45,479.43 267 5.03%
4 Goldman Sachs 43,038.19 165 4.76%
5 Barclays 40,901.56 164 4.53%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,719.37 60 9.52%
2 SG Corporate & Investment Banking 11,443.69 48 7.40%
3 Deutsche Bank 10,370.82 47 6.71%
4 Goldman Sachs 9,947.03 25 6.44%
5 JPMorgan 9,133.99 41 5.91%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,858.53 33 8.03%
2 JPMorgan 2,667.48 29 7.49%
3 Credit Suisse 2,291.44 22 6.44%
4 Goldman Sachs 2,130.55 21 5.98%
5 Deutsche Bank 1,993.88 21 5.60%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,523.06 89 9.83%
2 Citi 8,772.90 73 7.49%
3 Barclays 8,022.99 57 6.85%
4 Goldman Sachs 7,786.76 64 6.64%
5 Bank of America Merrill Lynch 7,574.81 71 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 13,788.65 56 6.66%
2 JPMorgan 12,891.77 45 6.23%
3 Citi 11,913.13 50 5.75%
4 Deutsche Bank 11,619.66 50 5.61%
5 Goldman Sachs 11,398.08 28 5.50%