High yield dented by oil price drop

A slide in the price of oil has put pressure on energy-related bonds in the US high yield market, which contains a large proportion of energy issuers.

  • By David Bell
  • 15 Nov 2018

Crude oil prices have dropped from year-long peak of $76.41 on October 3, with WTI crude falling to $56.47 on Thursday.

Energy-related high yield issuers account for the largest single sector in the high yield market, at 16% of the $1.2tr universe. The second largest sector is healthcare/pharmaceuticals, ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,736.52 21 7.15%
2 Credit Agricole CIB 3,101.01 16 5.93%
3 Goldman Sachs 3,092.70 16 5.92%
4 BNP Paribas 2,926.68 24 5.60%
5 Citi 2,758.74 10 5.28%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,849.41 16 9.19%
2 Citi 2,449.34 16 7.90%
3 JPMorgan 2,260.62 16 7.29%
4 BNP Paribas 2,167.79 20 6.99%
5 Goldman Sachs 1,890.62 15 6.10%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,495.10 96 10.02%
2 Citi 11,803.94 91 9.47%
3 Bank of America Merrill Lynch 8,842.75 73 7.09%
4 Goldman Sachs 8,683.82 62 6.96%
5 Morgan Stanley 7,624.77 56 6.11%