Supply starved US high yield buyers snap up opportune deals

Four borrowers took advantage of a barren US high yield market on Tuesday to price drive by deals, including a second deal in the past two weeks from offshore drilling company Transocean.

  • By David Bell
  • 11 Jul 2018

The issuers in the market on Tuesday were met with a strong reception from investors, who have been short of supply this year.

All four were priced in line or at the tight end of initial price talk. One issuer, radio frequency tech provider Qorvo, also boosted the ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 11,819.31 50 7.39%
2 Credit Agricole CIB 11,017.21 47 6.89%
3 Deutsche Bank 9,213.50 34 5.76%
4 HSBC 8,442.65 35 5.28%
5 UniCredit 8,427.21 49 5.27%

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%