Pending Bayer deal keeps other corporates away

German pharmaceutical company Bayer is set to contribute to one of the largest weeks of the year by issuance volume for the corporate bond market. Other issuers are watching the developments of that deal closely and planning their own movements around it.

  • By Nigel Owen
  • 18 Jun 2018

Bayer met with investors last week as it prepared multi-tranche deals in dollars and euros. The proceeds could be up to $30bn, which Bayer will use to finance its $63bn acquisition of US agricultural biotech firm Monsanto.

In March, Sanofi sold the largest euro corporate bond of ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,399.24 77 6.83%
2 Barclays 15,237.36 56 5.66%
3 Deutsche Bank 14,376.66 58 5.34%
4 JPMorgan 14,229.59 64 5.28%
5 Goldman Sachs 12,468.02 53 4.63%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 3,941.54 11 7.06%
2 Deutsche Bank 3,913.66 15 7.01%
3 SG Corporate & Investment Banking 3,905.45 14 6.99%
4 Citi 3,792.90 15 6.79%
5 Credit Agricole CIB 3,609.60 16 6.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 646.47 4 14.03%
2 Deutsche Bank 449.87 3 9.77%
3 UniCredit 362.37 2 7.87%
3 Intesa Sanpaolo SpA 362.37 2 7.87%
5 BNP Paribas 336.21 2 7.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,552.57 23 10.91%
2 JPMorgan 2,878.04 21 8.84%
3 Morgan Stanley 2,505.68 17 7.69%
4 Credit Suisse 2,364.95 15 7.26%
5 Goldman Sachs 2,331.78 17 7.16%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 4,861.67 14 6.98%
2 Deutsche Bank 4,227.09 12 6.07%
3 Citi 4,092.60 11 5.88%
4 SG Corporate & Investment Banking 3,630.52 14 5.21%
5 Credit Agricole CIB 3,490.70 15 5.01%