Schneider pushes IG market boundaries

The return to health of the investment grade corporate bond market has been a carefully trodden path, one step at a time. On Wednesday, French electrical components manufacturer Schneider printed a successful nine year new issue, following corporate deals with eight and seven year tenors on the previous days of the week.

  • By Nigel Owen
  • 13 Jun 2018

On Monday, French vehicle parts supplier Valeo sold a €600m seven year deal. On Tuesday, Manpower priced a €500m eight year offering. And on Wednesday, Schneider went one year longer for its €750m trade.

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 4,950.16 12 7.36%
2 Citi 4,947.54 18 7.35%
3 JPMorgan 4,873.13 16 7.24%
4 Bank of America Merrill Lynch 3,728.45 14 5.54%
5 Mizuho 3,553.78 11 5.28%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,243.79 7 7.67%
2 BNP Paribas 1,118.03 6 6.89%
3 Barclays 1,100.14 4 6.78%
4 Commerzbank Group 1,054.99 6 6.50%
5 JPMorgan 1,009.92 4 6.23%

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%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,636.08 6 8.78%
2 Barclays 2,499.67 4 8.33%
3 JPMorgan 2,303.98 3 7.67%
4 MUFG 2,123.57 3 7.07%
5 Bank of America Merrill Lynch 2,054.92 4 6.84%