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 13,554.26 61 7.08%
2 Deutsche Bank 11,901.17 45 6.22%
3 Credit Agricole CIB 11,825.01 52 6.18%
4 Goldman Sachs 10,865.30 45 5.68%
5 UniCredit 10,484.86 60 5.48%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,863.89 45 7.25%
2 Goldman Sachs 3,593.75 29 6.74%
3 JPMorgan 3,391.91 36 6.37%
4 Deutsche Bank 3,241.44 30 6.08%
5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,833.26 127 9.86%
2 Citi 11,539.69 98 7.19%
3 Goldman Sachs 11,025.83 85 6.87%
4 Bank of America Merrill Lynch 10,994.65 101 6.85%
5 Barclays 10,908.60 83 6.79%