IMF warns on risks to corporate sector debt

The creditworthiness of corporate borrowers in advanced economies has deteriorated while the volume of debt and financial risk taking has risen, the International Monetary Fund has warned. It also flagged up concerns about the sovereign-bank nexus in the eurozone and about market conditions for low income and frontier countries.

  • By Phil Thornton
  • 11 Apr 2019

The multilateral financial watchdog said a significant economic downturn or sharp tightening of financial conditions could lead to a “notable” repricing of credit risk and could strain the ability of indebted firms to meet interest costs.

The IMF also used its keynote global financial stability report (GFSR) to ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,273.89 324 5.50%
2 Citi 62,102.73 316 5.32%
3 Bank of America Merrill Lynch 58,277.24 303 4.99%
4 Barclays 52,762.29 227 4.52%
5 Morgan Stanley 43,529.34 258 3.73%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 15,876.49 41 8.19%
2 SG Corporate & Investment Banking 13,083.29 52 6.75%
3 BNP Paribas 12,340.62 70 6.37%
4 Deutsche Bank 11,725.51 58 6.05%
5 Citi 11,677.27 53 6.02%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.43%
2 Citi 2,605.77 18 7.40%
3 BNP Paribas 2,567.12 24 7.29%
4 JPMorgan 2,467.56 18 7.00%
5 Goldman Sachs 1,928.73 16 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,711.91 110 9.94%
2 Citi 12,738.91 102 9.24%
3 Goldman Sachs 9,904.15 73 7.18%
4 Bank of America Merrill Lynch 9,863.78 84 7.15%
5 Morgan Stanley 8,144.98 61 5.90%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 12,457.71 53 5.58%
2 Citi 11,993.87 52 5.37%
3 BNP Paribas 11,956.57 67 5.36%
4 Barclays 10,430.93 46 4.67%
5 JPMorgan 10,407.30 45 4.66%