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 BNP Paribas 19,012.51 88 7.60%
2 JPMorgan 16,881.55 58 6.75%
3 Deutsche Bank 15,679.29 58 6.27%
4 Credit Agricole CIB 14,083.69 66 5.63%
5 Goldman Sachs 13,902.00 61 5.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.82%
2 BNP Paribas 4,918.81 57 6.96%
3 Deutsche Bank 4,372.15 44 6.18%
4 JPMorgan 3,977.60 45 5.63%
5 Credit Suisse 3,757.05 40 5.31%

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%