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 JPMorgan 75,347.35 359 5.91%
2 Bank of America Merrill Lynch 74,239.03 342 5.83%
3 Citi 62,167.71 351 4.88%
4 Barclays 58,729.13 218 4.61%
5 Goldman Sachs 50,207.03 203 3.94%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,740.11 80 9.75%
2 SG Corporate & Investment Banking 13,968.96 63 7.27%
3 Deutsche Bank 12,777.94 56 6.65%
4 UniCredit 10,968.94 48 5.71%
5 HSBC 10,482.96 60 5.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,647.43 42 7.27%
2 JPMorgan 3,279.22 34 6.53%
3 Deutsche Bank 3,153.00 28 6.28%
4 Credit Suisse 2,939.41 27 5.86%
5 Goldman Sachs 2,892.87 27 5.76%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,575.71 111 9.62%
2 Citi 10,815.50 91 7.67%
3 Goldman Sachs 9,536.47 76 6.76%
4 Bank of America Merrill Lynch 9,455.18 88 6.70%
5 Barclays 9,449.01 71 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,622.23 78 6.66%
2 Barclays 17,915.82 53 6.08%
3 HSBC 17,859.84 77 6.06%
4 Citi 15,926.05 64 5.40%
5 JPMorgan 15,445.30 54 5.24%