Returns on riskiest US lev loans outpace wider market

The riskiest end of the US leveraged loan market has outperformed the wider loan market in the year to date, although investors are starting to push back on pricing in some instances.

  • By David Bell
  • 08 May 2018
JP Morgan analysts wrote on Tuesday that single-B rated loans had delivered year to date gains of 2.10%, outpacing returns in double-B loans of 1.73%. The broader loan market has returned 2.07% in the year to date, outperforming investment grade bonds by 5.4% and high yield by 2.24%, ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 6,104.35 21 6.39%
2 Credit Agricole CIB 6,017.39 25 6.30%
3 BNP Paribas 5,679.50 22 5.95%
4 UniCredit 5,441.24 29 5.70%
5 Barclays 5,256.27 14 5.51%

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%