Good things come to those who wait for Diageo concession-free double

UK-based drinks manufacturer Diageo returned to corporate bond markets on Tuesday after three years without issuing in any bond market. The owner of brands such as Guinness, Johnnie Walker whisky and Tanqueray gin opted for a three year and long six year dual tranche offering on its return.

  • By Nigel Owen
  • 16 Nov 2017
The A3/A-/A- rated issuer went without issuing bonds in euros between 2008 and 2014, before issuing €1.7bn in the May of that year, followed by another €1bn in the September. However, since then its lack of activity has helped its existing bonds tighten to very tight levels, according ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,580.17 277 6.35%
2 Bank of America Merrill Lynch 55,573.97 260 6.02%
3 Citi 45,816.37 270 4.97%
4 Barclays 44,022.95 167 4.77%
5 Goldman Sachs 43,190.26 167 4.68%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,529.66 58 9.48%
2 SG Corporate & Investment Banking 11,253.99 46 7.34%
3 Deutsche Bank 10,298.29 46 6.72%
4 Goldman Sachs 10,065.64 26 6.56%
5 JPMorgan 9,061.47 40 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 8.02%
2 JPMorgan 2,667.48 29 7.48%
3 Credit Suisse 2,291.44 22 6.43%
4 Goldman Sachs 2,130.55 21 5.98%
5 Deutsche Bank 1,993.88 21 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,652.56 91 9.82%
2 Citi 8,822.41 74 7.44%
3 Barclays 8,072.49 58 6.81%
4 Goldman Sachs 7,786.76 64 6.56%
5 Bank of America Merrill Lynch 7,654.81 72 6.45%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 13,723.63 55 6.28%
2 HSBC 12,981.78 56 5.94%
3 JPMorgan 12,943.93 45 5.93%
4 Barclays 12,751.33 39 5.84%
5 Citi 12,037.82 51 5.51%