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Debuts still scarce but Novem steps up

Genuinely new corporate high yield issuers have been vanishingly rare in 2019, but German car interiors maker Novem is bucking the trend with the €375m first time dividend issue it has been marketing this week.

  • By Owen Sanderson
  • 22 May 2019
Almost all high yield deals in Europe so far have been refinancings from established issuers — from the BB-rated corporates like Nokia and ThyssenKrupp to the CCC- rated holding company bonds from Altice. The only new issuers have been those with LBOs too large to print entirely in ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 7,151.10 53 6.42%
2 Deutsche Bank 6,886.84 39 6.18%
3 Goldman Sachs 6,877.67 36 6.18%
4 Credit Agricole CIB 6,659.77 36 5.98%
5 Barclays 6,209.03 28 5.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.06%
4 Barclays 3,441.80 22 6.68%
5 Goldman Sachs 3,389.62 26 6.58%

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 Citi 18,847.11 143 9.44%
2 JPMorgan 18,279.02 147 9.16%
3 Goldman Sachs 14,831.56 109 7.43%
4 Bank of America Merrill Lynch 14,255.85 117 7.14%
5 Morgan Stanley 12,912.93 86 6.47%