Carrefour takes lion's share, SBB gets by

After a couple of slow weeks for corporate bond issuance in Europe, the pace quickened somewhat on Tuesday, with two €500m no-grow issues. One was from a familiar name - Carrefour, the French supermarket chain - the other from a new one, Samhällsbyggnadsbolaget i Norden, a Swedish residential property company founded only in 2016.

  • By Alex Radford
  • 07 May 2019

Carrefour has emerged from some of its difficulties to be the "most stable" of the big French retailers, a banker said, while Auchan, which a few years ago looked stronger, has migrated down the credit scale.

On Tuesday Carrefour, rated Baa1 (negative)/BBB/BBB+, set out to raise €500m of eight ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 76,422.10 393 5.65%
2 Citi 69,820.62 374 5.16%
3 Bank of America Merrill Lynch 68,977.76 371 5.10%
4 Barclays 60,886.09 267 4.50%
5 Goldman Sachs 51,728.88 254 3.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 20,165.66 52 8.71%
2 BNP Paribas 15,885.30 90 6.86%
3 SG Corporate & Investment Banking 14,134.52 61 6.10%
4 Bank of America Merrill Lynch 14,105.99 45 6.09%
5 Deutsche Bank 13,105.24 66 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Deutsche Bank 2,970.40 18 7.52%
2 Citi 2,783.23 20 7.04%
3 JPMorgan 2,762.43 21 6.99%
4 BNP Paribas 2,674.33 25 6.77%
5 Goldman Sachs 2,523.29 20 6.39%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 16,336.99 132 10.02%
2 Citi 14,877.45 125 9.13%
3 Bank of America Merrill Lynch 12,173.13 103 7.47%
4 Goldman Sachs 12,028.93 93 7.38%
5 Morgan Stanley 9,577.47 74 5.87%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 15,424.27 88 5.81%
2 SG Corporate & Investment Banking 13,698.52 64 5.16%
3 Barclays 13,517.08 57 5.09%
4 JPMorgan 13,358.35 58 5.03%
5 Citi 13,042.23 59 4.91%