Debut IG issuers jump in as dollar tone improves

Two companies made their investment grade bow on Thursday as an improvement in sentiment encouraged borrowers to capitalise on decent conditions and wrap up funding in the final weeks of the year.

  • By David Rothnie
  • 16 Nov 2017

Earlier in the week borrowers adopted a more cautious approach to funding, as indigestion and fatigue that marked the previous week’s supply led to investors taking a more discerning approach. But the prospect of US tax reform being pushed through helped conditions improve as the week drew on.

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,322.14 270 6.41%
2 Bank of America Merrill Lynch 51,684.49 252 5.78%
3 Citi 45,517.59 265 5.09%
4 Goldman Sachs 42,728.59 163 4.78%
5 Barclays 40,901.56 164 4.57%

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 9.60%
2 SG Corporate & Investment Banking 11,443.69 48 7.46%
3 Deutsche Bank 10,223.72 46 6.67%
4 Goldman Sachs 9,799.92 24 6.39%
5 JPMorgan 8,986.89 40 5.86%

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 9.90%
2 Citi 8,704.15 72 7.48%
3 Barclays 8,022.99 57 6.89%
4 Goldman Sachs 7,624.26 63 6.55%
5 Bank of America Merrill Lynch 7,343.56 69 6.31%

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 6.70%
2 JPMorgan 12,744.66 44 6.19%
3 Citi 11,913.13 50 5.79%
4 Deutsche Bank 11,472.55 49 5.57%
5 Goldman Sachs 11,250.97 27 5.46%