Troubled credits amid high yield frolics

Outstanding bonds issued by supermarket Casino Guichard-Perrachon, and three construction credits, Astaldi, CMC Ravenna and Aldesa, were in the spotlight this week, after dropping to their lowest price yet in September.

  • By Victor Jimenez
  • 20 Sep 2018

Several events affecting the four issuers required high yield bond buyers’ attention this week, despite a full plate in the primary market with long awaited buyout financings finally launching and some €10bn of new notes on offer. 

“A busy primary takes some steam off the secondary market, ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,728.01 21 7.14%
2 Credit Agricole CIB 3,101.01 16 5.94%
3 Goldman Sachs 3,092.70 16 5.92%
4 BNP Paribas 2,926.68 24 5.61%
5 Citi 2,758.74 10 5.29%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,336.07 15 8.07%
2 JPMorgan 2,260.62 16 7.81%
3 BNP Paribas 2,167.79 20 7.49%
4 Citi 1,935.99 15 6.69%
5 Goldman Sachs 1,890.62 15 6.53%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,355.10 94 10.23%
2 Citi 11,234.36 86 9.30%
3 Goldman Sachs 8,483.82 60 7.02%
4 Bank of America Merrill Lynch 8,431.45 69 6.98%
5 Morgan Stanley 7,524.77 55 6.23%