Investors guzzle flat Pepsi and McD nuggets

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.

  • By Jon Hay
  • 14 Mar 2019

McDonald’s, which serves a similar kind of fare but is rated lower at Baa1/BBB+ (stable) to Pepsi’s A1/A+ (stable), chose the same day to serve up two euro tranches and a sterling, to a similar reception.

After the European corporate bond market was clouded by weak secondary trading ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 65,229.50 331 5.48%
2 Citi 62,835.00 322 5.28%
3 Bank of America Merrill Lynch 59,987.27 316 5.04%
4 Barclays 53,371.73 232 4.48%
5 Morgan Stanley 44,457.74 265 3.73%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 16,156.11 43 8.13%
2 SG Corporate & Investment Banking 13,141.46 53 6.61%
3 BNP Paribas 12,649.28 73 6.36%
4 Deutsche Bank 11,922.97 60 6.00%
5 Citi 11,677.27 53 5.87%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.37%
2 Citi 2,605.77 18 7.34%
3 BNP Paribas 2,567.12 24 7.23%
4 JPMorgan 2,467.56 18 6.95%
5 Goldman Sachs 1,928.73 16 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,123.16 113 9.80%
2 Citi 13,032.25 105 9.05%
3 Bank of America Merrill Lynch 10,741.94 90 7.46%
4 Goldman Sachs 10,344.47 77 7.18%
5 Morgan Stanley 8,543.55 64 5.93%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 12,515.88 54 5.47%
2 BNP Paribas 12,267.31 70 5.36%
3 Citi 12,116.90 53 5.29%
4 Bank of America Merrill Lynch 10,703.57 44 4.68%
5 JPMorgan 10,634.11 47 4.65%