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 %
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  • Today
1 Citi 17,784.21 75 7.14%
2 Barclays 14,324.58 54 5.75%
3 JPMorgan 13,665.52 61 5.49%
4 Deutsche Bank 13,421.96 54 5.39%
5 Goldman Sachs 12,418.02 52 4.99%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 SG Corporate & Investment Banking 3,823.51 14 7.75%
2 Citi 3,770.20 14 7.64%
3 Deutsche Bank 3,350.30 14 6.79%
4 Barclays 3,308.76 11 6.71%
5 Credit Agricole CIB 3,046.24 15 6.18%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • 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%