Whirlpool suffers heaviest punishment as corporate bond market battles volatility

American household appliance manufacturer Whirlpool took the brunt of the damage from the volatility in the corporate bond market this week as it had to pull a deal just as investors were waiting for a final update. But it might not be the last issuer to struggle in the European investment grade corporate bond market, writes Nigel Owen.

  • By Nigel Owen
  • 24 May 2018
The corporate bond market briefly flickered to life with a four-tranche deal from Deutsche Telekom as it tried to forget the disappointment of Bertelsmann pulling its deal the previous week. However, it was delivered another body blow the day after when Whirlpool pulled a €500m 10 year deal ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,641.00 149 5.60%
2 JPMorgan 30,261.62 151 5.53%
3 Barclays 29,332.65 109 5.36%
4 Bank of America Merrill Lynch 29,326.65 141 5.36%
5 Deutsche Bank 24,940.96 113 4.56%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,392.67 24 10.30%
2 Bank of America Merrill Lynch 8,134.48 23 8.06%
3 Deutsche Bank 7,164.21 34 7.10%
4 SG Corporate & Investment Banking 6,134.64 22 6.08%
5 Santander 5,833.12 20 5.78%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 849.80 7 9.30%
2 JPMorgan 703.06 6 7.69%
3 Deutsche Bank 636.38 4 6.97%
4 BNP Paribas 604.64 5 6.62%
5 Goldman Sachs 489.41 4 5.36%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,643.05 50 10.93%
2 JPMorgan 6,601.02 49 9.44%
3 Bank of America Merrill Lynch 5,031.63 36 7.19%
4 Goldman Sachs 4,767.07 33 6.81%
5 Credit Suisse 4,456.07 30 6.37%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,765.45 25 5.73%
2 JPMorgan 6,113.92 21 5.18%
3 Deutsche Bank 6,075.14 29 5.15%
4 Citi 5,875.57 20 4.98%
5 SG Corporate & Investment Banking 5,755.14 21 4.88%