Edenred finds a seam of cash even after busy issuance

Edenred, the French operator of employee benefit schemes, discovered on Thursday that investors still have cash to put to work in the corporate bond market, even though eight deals had been priced in the first three days of the week and the end of the year is in sight.

  • By Nigel Owen
  • 29 Nov 2018
Eighteen months since issuing a hybrid bond and three and a half years since its last senior issue, BBB+ rated Edenred held a general investor call on Wednesday afternoon with a benchmark euro transaction in mind. The favourable feedback from that call, combined with the supportive tone ...

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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 5.88%
2 Bank of America Merrill Lynch 124,158.29 525 5.83%
3 Citi 101,902.49 536 4.78%
4 Barclays 84,284.85 343 3.95%
5 Goldman Sachs 83,674.45 325 3.93%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,401.19 124 8.94%
2 Deutsche Bank 22,113.09 83 6.96%
3 SG Corporate & Investment Banking 20,892.79 99 6.58%
4 UniCredit 17,012.87 79 5.36%
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 6.96%
3 Deutsche Bank 4,372.15 44 6.19%
4 JPMorgan 3,977.60 45 5.63%
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 5.96%
2 BNP Paribas 27,573.48 118 5.81%
3 Barclays 26,271.31 92 5.53%
4 JPMorgan 26,099.31 90 5.50%
5 Deutsche Bank 24,766.67 100 5.21%