HY wakes up as retail pockets open again

The volume of euro and sterling high yield bonds on sale in Europe jumped to €1bn on Tuesday, after NBG Pangaea and Premier Foods hit the market with new offerings. Meanwhile, retail high yield funds enjoyed a second week of inflows.

  • By Victor Jimenez
  • 15 May 2018

“We had forecast a much bigger slowdown and gap between last year’s issuance and this year, but so far it’s not happening,” said the head of high yield at an investment bank in London.

The market has made a hesitant start to May. Issuance went from €2.4bn ...

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.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,589.28 27 6.76%
2 Goldman Sachs 5,188.98 27 6.28%
3 Credit Agricole CIB 4,896.05 28 5.93%
4 BNP Paribas 4,889.41 39 5.92%
5 Deutsche Bank 4,671.96 29 5.65%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.58%
2 Citi 2,783.23 20 7.10%
3 BNP Paribas 2,674.33 25 6.82%
4 JPMorgan 2,602.43 20 6.64%
5 Goldman Sachs 2,523.29 20 6.44%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,238.30 131 10.01%
2 Citi 14,667.10 123 9.04%
3 Bank of America Merrill Lynch 12,173.13 103 7.51%
4 Goldman Sachs 11,917.27 92 7.35%
5 Morgan Stanley 9,465.81 73 5.84%