Phalanx of companies ready to issue in softer market

The strength of corporate bond demand, after falls in stockmarkets engendered by the US's hardened stance on trade talks with China, will be tested in the US on Wednesday by a $20bn issue for IBM. In Europe, the test could come on Thursday, since a handful of issuers finished roadshows on Wednesday.

  • By Alex Radford, Jon Hay
  • 08 May 2019
"It's obviously been unbelievably strong for some time," said a corporate bond syndicate banker in London on Wednesday morning. "The last two days have been a little bit weaker. It kind of started with the US China Trump stuff. Yesterday there was a bit of widening, more ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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 %
  • Last updated
  • Today
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 %
  • Last updated
  • Today
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 %
  • Last updated
  • Today
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%