Nidec makes it Japanese double for euros

Japanese issuers are rarely seen in the European corporate bond markets, but electric motor manufacturer Nidec made it two Japanese corporate bond sales in two days, following Japan Tobacco’s multi-tranche deal on Wednesday.

  • By Nigel Owen
  • 20 Sep 2018

Japan Tobacco had all bases covered when it sold benchmark tranches in dollars, euros and sterling at the same time. The diversification on offer clearly appealed to European investors however as the €550m tranche was more than five times covered.

Nidec offered investors a much smaller deal, ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,350.32 549 5.93%
2 Bank of America Merrill Lynch 122,750.63 519 5.81%
3 Citi 101,738.87 533 4.81%
4 Barclays 84,126.63 341 3.98%
5 Goldman Sachs 83,290.95 322 3.94%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 28,401.19 124 8.95%
2 Deutsche Bank 22,113.09 83 6.97%
3 SG Corporate & Investment Banking 20,911.95 99 6.59%
4 UniCredit 17,032.03 79 5.37%
5 HSBC 16,474.81 91 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.83%
2 BNP Paribas 4,918.81 57 6.97%
3 Deutsche Bank 4,372.15 44 6.19%
4 JPMorgan 3,977.60 45 5.64%
5 Credit Suisse 3,757.05 40 5.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,288.85 117 5.99%
2 BNP Paribas 27,457.09 117 5.81%
3 Barclays 26,271.31 92 5.56%
4 JPMorgan 26,099.31 90 5.52%
5 Deutsche Bank 24,766.67 100 5.24%