Sponsors ride HY volatility so far, shows SEB research

Private equity firms have bolstered their high yield footprint in European and Nordic issuance, but yield spreads are also running up, according to SEB this week.

  • By Victor Jimenez
  • 16 Aug 2018

Issuance of high yield bonds driven by sponsors in Europe has doubled to almost €13bn, comparing last year’s first six months to the same period in 2018.

There have been 32 high yield deals in the first half of this year, which make up a 7% of ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,528.19 74 7.08%
2 Credit Agricole CIB 12,134.36 54 5.92%
3 Deutsche Bank 11,450.40 45 5.58%
4 Goldman Sachs 11,396.29 47 5.56%
5 UniCredit 10,860.80 64 5.30%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 4,293.59 52 7.15%
2 Deutsche Bank 3,871.16 39 6.45%
3 Goldman Sachs 3,757.37 32 6.26%
4 JPMorgan 3,631.57 40 6.05%
5 Credit Suisse 3,406.43 36 5.67%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,476.08 137 9.95%
2 Credit Suisse 12,936.58 90 7.36%
3 Goldman Sachs 12,429.32 91 7.07%
4 Citi 12,061.47 102 6.87%
5 Bank of America Merrill Lynch 12,022.06 109 6.84%