Investors foresee small bouts of corp spread widening

Corporate bond investors are developing their views for 2018, particularly as new issuance looks set to peter out for the year. There may be only a week or two left of active primary markets, and this week has been shortened by Thursday’s Thanksgiving holiday in the US.

  • By Nigel Owen, Victor Jimenez
  • 22 Nov 2017

Monetary policy normalisation is in the centre of investors’ radar screens. With inflation starting to rise, the challenge for fixed income investors is no longer just to hunt for yield, but to produce a real return.

“We have seen substantial inflows to the asset class for the last ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 173,957.50 760 7.14%
2 Bank of America Merrill Lynch 154,768.14 714 6.35%
3 Citi 137,304.76 735 5.63%
4 Goldman Sachs 109,713.42 475 4.50%
5 Barclays 106,556.79 489 4.37%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,965.54 145 2.88%
2 Barclays 25,510.29 106 2.45%
3 Deutsche Bank 24,247.02 105 2.33%
4 SG Corporate & Investment Banking 21,192.48 112 2.04%
5 HSBC 19,467.45 94 1.87%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.78%
2 Citi 28,905.88 231 8.39%
3 Bank of America Merrill Lynch 28,820.93 250 8.36%
4 Goldman Sachs 24,953.24 183 7.24%
5 Barclays 23,123.01 154 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.34%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,973.95 128 5.86%
5 Citi 23,312.66 103 5.26%