Stryker downs tools until market improves

US medical technology company Stryker is still looking to bring its debut euro transaction following its recent roadshow, but is waiting for market conditions to improve before pushing its triple-tranche offering into the market.

  • By Nigel Owen
  • 21 Nov 2018

Stryker met with investors last week and would have planned to launch its deal as soon as it could after the well-flagged Takeda six tranche deal which priced last Thursday. 

However, with global markets selling off since then, prompting a barren week in the corporate bond market, Stryker has ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 17,784.21 75 7.08%
2 Barclays 14,324.58 54 5.71%
3 JPMorgan 13,665.52 61 5.44%
4 Deutsche Bank 13,421.96 54 5.35%
5 Goldman Sachs 12,418.02 52 4.95%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 4,045.97 15 8.02%
2 Citi 3,792.90 15 7.52%
3 Deutsche Bank 3,350.30 14 6.64%
4 Barclays 3,308.76 11 6.56%
5 Credit Agricole CIB 3,046.24 15 6.04%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 397.10 3 12.77%
2 JPMorgan 300.50 3 9.66%
3 Deutsche Bank 200.50 2 6.45%
4 Credit Agricole CIB 193.60 2 6.22%
5 UBS 187.50 2 6.03%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,219.24 22 10.20%
2 JPMorgan 2,544.70 20 8.06%
3 Credit Suisse 2,364.95 15 7.49%
4 Goldman Sachs 2,331.78 17 7.39%
5 Barclays 2,307.33 19 7.31%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 4,228.88 14 6.60%
2 Citi 4,092.60 11 6.39%
3 SG Corporate & Investment Banking 3,771.05 15 5.89%
4 Deutsche Bank 3,663.73 11 5.72%
5 Bank of America Merrill Lynch 3,179.12 11 4.96%