US high yield in dry spell as loans race on

Just one issuer had tapped US high yield investors by Thursday this week, following the quietest May since 2010 and with leveraged loans now outweighing high yield bonds for the first time since 2008.

  • By David Bell
  • 12 Jun 2018
Boyd Gaming was the sole US high yield name to come to market, boosting an initial $500m offering to $700m on Monday and pricing it with a coupon of 6%, at the tight end of 6%-6.25% price talk. The 8.2 year non-call 3.2 deal has B3/B+ ratings from ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,063.54 101 7.76%
2 JPMorgan 16,658.31 60 6.14%
3 Deutsche Bank 16,649.26 62 6.13%
4 Credit Agricole CIB 16,001.24 81 5.90%
5 UniCredit 14,262.92 85 5.25%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
3 UniCredit 113.00 1 7.09%
3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 213.33 2 9.92%
2 UniCredit 130.00 1 6.05%
2 SG Corporate & Investment Banking 130.00 1 6.05%
2 JPMorgan 130.00 1 6.05%
2 Citi 130.00 1 6.05%