IG property deals still finding large demand

Property has been one of the most favoured sectors in the corporate bond market in 2017 and this week saw three more deals. Germany’s TLG Immobilien and Spain’s Inmobiliaria Colonial added €1.2bn to the year’s supply in euros, while UK student accommodation provider Liberty Living sold a £500m ($665.3m) deal.

  • By Nigel Owen
  • 23 Nov 2017
TLG Immobilien roadshowed its debut bond issue the previous week. The Baa2 rated German property company, which owns office, retail and hotel properties throughout Germany, told investors the deal would be sub-benchmark. On Monday morning it was confirmed as a €400m

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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%