Utilities spark pre-holiday dollar rush

Utility issuers led the way in the dollar corporate bond market this week, before the trade dispute between the US and China slammed the brakes on supply ahead of the Memorial Day holiday weekend.

  • By David Rothnie
  • 23 May 2019

The 10 year Treasury yield fell to its lowest level for 17 months on Thursday as the deepening trade dispute between the US and China and fears over economic growth hit stocks

High grade spreads were 2bp-6bp wider as borrowers remained on the sidelines after a front-loaded ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jul 2019
1 JPMorgan 76,006.00 390 5.64%
2 Citi 69,584.84 372 5.16%
3 Bank of America Merrill Lynch 68,674.92 369 5.10%
4 Barclays 60,739.02 265 4.51%
5 Goldman Sachs 51,591.79 253 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 8.72%
2 BNP Paribas 15,735.82 89 6.81%
3 SG Corporate & Investment Banking 14,134.52 61 6.12%
4 Bank of America Merrill Lynch 14,105.99 45 6.10%
5 Deutsche Bank 13,105.24 66 5.67%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.58%
2 Citi 2,783.23 20 7.10%
3 BNP Paribas 2,674.33 25 6.82%
4 JPMorgan 2,602.43 20 6.64%
5 Goldman Sachs 2,523.29 20 6.44%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,238.30 131 10.01%
2 Citi 14,667.10 123 9.04%
3 Bank of America Merrill Lynch 12,173.13 103 7.51%
4 Goldman Sachs 11,917.27 92 7.35%
5 Morgan Stanley 9,465.81 73 5.84%

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 5.84%
2 SG Corporate & Investment Banking 13,698.52 64 5.19%
3 Barclays 13,569.09 57 5.14%
4 JPMorgan 13,358.35 58 5.06%
5 Citi 13,042.23 59 4.94%