ECB buying is keeping net IG issuance negative

The European Central Bank’s corporate sector purchase programme maintained its rate of purchasing in the first six weeks of 2018, which helped support spreads through the recent period of volatility in global markets.

  • By Nigel Owen
  • 14 Feb 2018
According to ECB data, the annual growth rate of outstanding debt securities issued by non-financial corporations was 6.4% in December 2017. The rate for the monetary financial institutions sector was minus 0.6% and the rate for financial corporations other than MFIs was 0%. However, this year has produced ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,580.17 277 6.35%
2 Bank of America Merrill Lynch 55,573.97 260 6.02%
3 Citi 45,816.37 270 4.97%
4 Barclays 44,022.95 167 4.77%
5 Goldman Sachs 43,190.26 167 4.68%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,529.66 58 9.48%
2 SG Corporate & Investment Banking 11,253.99 46 7.34%
3 Deutsche Bank 10,298.29 46 6.72%
4 Goldman Sachs 10,065.64 26 6.56%
5 JPMorgan 9,061.47 40 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 11,652.56 91 9.83%
2 Citi 8,822.41 74 7.44%
3 Barclays 8,072.49 58 6.81%
4 Goldman Sachs 7,786.76 64 6.57%
5 Bank of America Merrill Lynch 7,654.81 72 6.45%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 13,598.95 54 6.26%
2 HSBC 12,981.78 56 5.97%
3 JPMorgan 12,819.24 44 5.90%
4 Barclays 12,626.64 38 5.81%
5 Citi 11,913.13 50 5.48%