Vinci tops off fizzy week with hit sterling debut despite softness

Europe’s corporate bond market could be read two ways this week. On one hand, conditions were superb for issuers — many large deals were brought and spreads were usually rammed tighter by 20bp or even 30bp during bookbuild, to fine or negligible new issue premiums.

  • By Jon Hay
  • 08 Mar 2019
On the other, spreads soon started to widen in secondary. A weaker tone was detectable as early as Monday evening, and became more apparent on Tuesday, when Telefonica and Heathrow, the main deals of the day, both widened, getting up to between 6bp and 10bp wider than reoffer ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2019
1 JPMorgan 109,927.46 548 5.97%
2 Citi 99,462.90 510 5.40%
3 Bank of America Merrill Lynch 96,422.40 491 5.24%
4 Barclays 84,649.13 363 4.60%
5 Goldman Sachs 72,819.63 356 3.96%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 24,662.19 69 7.81%
2 BNP Paribas 22,906.48 127 7.25%
3 Deutsche Bank 19,972.27 94 6.32%
4 SG Corporate & Investment Banking 18,114.30 84 5.73%
5 Bank of America Merrill Lynch 17,700.68 61 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.01%
2 JPMorgan 4,489.79 35 7.38%
3 Deutsche Bank 4,163.77 26 6.85%
4 Goldman Sachs 4,137.68 31 6.80%
5 Barclays 3,944.19 26 6.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,777.85 178 9.62%
2 Citi 20,535.92 160 9.07%
3 Goldman Sachs 16,887.66 130 7.46%
4 Bank of America Merrill Lynch 16,122.51 140 7.12%
5 Morgan Stanley 14,536.57 101 6.42%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,308.46 122 5.87%
2 Barclays 19,367.52 80 5.33%
3 JPMorgan 18,474.40 88 5.09%
4 Citi 18,466.69 91 5.09%
5 SG Corporate & Investment Banking 17,848.07 86 4.91%