Sterling HY primed for 2018 as Pure Gym readies debut

The sterling high yield market is set to start 2018 in shape, with investors and bankers expecting strong supply and demand. Pure Gym, the UK low cost gym operator, could be one of its first issuers.

  • By Victor Jimenez
  • 18 Dec 2017

Pure Gym could be one of the first issuers to open the sterling high yield market in 2018. It is understood to be working on a debut bond to fund its acquisition by Leonard Green & Partners from CCMP Capital, which was agreed in November.

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 5,236.90 23 6.24%
2 Goldman Sachs 5,129.09 18 6.11%
3 UniCredit 5,090.85 26 6.06%
4 Barclays 5,053.31 13 6.02%
5 BNP Paribas 4,910.75 20 5.85%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,239.67 23 7.93%
2 BNP Paribas 2,143.91 24 7.59%
3 Goldman Sachs 1,846.31 18 6.53%
4 Credit Suisse 1,759.77 17 6.23%
5 Morgan Stanley 1,511.02 10 5.35%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 10,227.77 76 10.21%
2 Citi 6,863.07 57 6.85%
3 Bank of America Merrill Lynch 6,835.41 64 6.82%
4 Barclays 6,719.90 48 6.71%
5 Goldman Sachs 6,171.81 49 6.16%