KKR pulls off euro debut at small NIP

KKR, the US private equity firm, issued its first euro bond on a crowded day on Wednesday, competing with four other issuers, but that did not stop it achieving attractive execution.

  • By Alex Radford
  • 16 May 2019
Working out how to price private equity firms' bonds is not easy, as they are neither true corporate issuers nor financial institutions. KKR has dollar bonds, but its last 10 year was in 2010 and since then it has only issued 30 year bonds, making it hard to ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 77,552.24 398 5.62%
2 Citi 70,903.52 381 5.14%
3 Bank of America Merrill Lynch 69,774.78 377 5.05%
4 Barclays 61,172.01 270 4.43%
5 Goldman Sachs 52,911.73 260 3.83%

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 8.64%
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 %
  • 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 %
  • Last updated
  • Today
1 JPMorgan 17,093.24 135 10.01%
2 Citi 15,545.69 128 9.10%
3 Bank of America Merrill Lynch 12,836.81 106 7.52%
4 Goldman Sachs 12,621.18 95 7.39%
5 Morgan Stanley 9,748.90 76 5.71%

Bookrunners of European Corporate IG Bonds

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