Investors gulp flat Pepsi as sun returns to bond market

Pepsico took one of its rare sips at the euro bond market on Monday, and was rewarded with two bonds, seen as priced flat to and through its curve. After the European corporate bond market was clouded by weak secondary trading last week, it was back on form on Monday.

  • By Jon Hay
  • 11 Mar 2019
“It was a great trade,” said a banker on the deal. “They’re strong single-A and there are not many names like that out there. It’s a rare borrower and a great brand name, so they benefited from that. There has also been a turnround in the market. It ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,641.00 149 5.64%
2 JPMorgan 30,261.62 151 5.57%
3 Barclays 29,332.65 109 5.40%
4 Bank of America Merrill Lynch 29,326.65 141 5.40%
5 Deutsche Bank 24,917.96 112 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,392.67 24 10.38%
2 Bank of America Merrill Lynch 8,134.48 23 8.12%
3 Deutsche Bank 7,164.21 34 7.15%
4 SG Corporate & Investment Banking 6,134.64 22 6.13%
5 Santander 5,833.12 20 5.82%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 849.80 7 9.43%
2 JPMorgan 703.06 6 7.80%
3 Deutsche Bank 636.38 4 7.06%
4 BNP Paribas 604.64 5 6.71%
5 Goldman Sachs 489.41 4 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,543.36 49 10.94%
2 JPMorgan 6,501.33 48 9.43%
3 Bank of America Merrill Lynch 5,031.63 36 7.30%
4 Goldman Sachs 4,632.90 32 6.72%
5 Credit Suisse 4,456.07 30 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,765.45 25 5.78%
2 JPMorgan 6,113.92 21 5.22%
3 Deutsche Bank 6,075.14 29 5.19%
4 Citi 5,875.57 20 5.02%
5 SG Corporate & Investment Banking 5,755.14 21 4.91%