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Trade war and Fidelity nudge out corporate issuance

Trade war concerns and US title insurer Fidelity National Information Service’s eight tranche €6.44bn equivalent deal crowded out issuers from the corporate euro investment grade market on Tuesday, bankers and investors said. But several are hopeful that deal flow could pick up later in the week.

  • By Alex Radford
  • 14 May 2019
“It’s going to garner all of the market attention effectively, so probably a number of issuers stood aside,” said one syndicate banker. He added that issuers might also have been put off “by the weak tone off the back of the trade tensions between the US ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 77,552.24 398 5.62%
2 Citi 70,717.52 380 5.13%
3 Bank of America Merrill Lynch 69,588.78 376 5.05%
4 Barclays 61,172.01 270 4.44%
5 Goldman Sachs 52,725.73 259 3.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Barclays 20,165.66 52 8.64%
2 BNP Paribas 16,075.93 92 6.89%
3 SG Corporate & Investment Banking 14,325.15 63 6.14%
4 Bank of America Merrill Lynch 14,105.99 45 6.05%
5 Deutsche Bank 13,139.03 67 5.63%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.27%
2 JPMorgan 2,822.43 22 6.91%
3 Citi 2,783.23 20 6.81%
4 BNP Paribas 2,674.33 25 6.55%
5 Goldman Sachs 2,523.29 20 6.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 17,093.24 135 10.06%
2 Citi 15,359.69 127 9.04%
3 Bank of America Merrill Lynch 12,650.81 105 7.45%
4 Goldman Sachs 12,435.18 94 7.32%
5 Morgan Stanley 9,748.90 76 5.74%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 15,614.90 90 5.82%
2 SG Corporate & Investment Banking 13,889.15 66 5.18%
3 Barclays 13,651.30 58 5.09%
4 JPMorgan 13,469.46 59 5.02%
5 Citi 13,203.46 60 4.92%