Curve on display in euro IG market as investors opt for shorts

The three corporate bond issuers who sold new issues in euros on Tuesday offered something short, something intermediate and something long. The shorter tranches benefitted from the most interest.

  • By Nigel Owen
  • 28 Nov 2017

Irish headquartered US energy technology company Johnson Controls sold the shortest deal of the day. Lead managers Commerzbank, Danske Bank and UniCredit announced the expected €500m transaction with initial price thoughts of 45bp over mid-swaps.

The Baa1/BBB+/BBB+ rated issuer sold a €1bn 6.5 year ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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%