Corporate bonds pick up momentum despite down day

Equities are down on Wednesday, but corporate bond issuance, in both the investment grade and high yield sectors, is going ahead briskly, after an encouraging day of strong issuance on Tuesday.

  • By Alex Radford, Owen Sanderson
  • 12 Jun 2019

This week has not produced the volume of last, when there were nine deals totalling €9.8bn just on Tuesday and Wednesday. But after an inactive Monday due to holidays, Tuesday produced deals.

“From Tuesday onwards last week was quite a strong risk-on week, and I think the risk-on tone ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63,638.20 320 5.50%
2 Citi 61,594.87 312 5.32%
3 Bank of America Merrill Lynch 58,102.24 302 5.02%
4 Barclays 52,575.66 225 4.55%
5 Morgan Stanley 43,329.34 257 3.75%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 15,876.49 41 8.34%
2 SG Corporate & Investment Banking 13,019.90 51 6.84%
3 BNP Paribas 11,878.71 66 6.24%
4 Deutsche Bank 11,724.81 58 6.16%
5 Citi 11,357.77 51 5.97%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.44%
2 Citi 2,605.77 18 7.40%
3 BNP Paribas 2,567.12 24 7.29%
4 JPMorgan 2,467.56 18 7.01%
5 Goldman Sachs 1,928.73 16 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,711.91 110 9.94%
2 Citi 12,738.91 102 9.24%
3 Goldman Sachs 9,904.15 73 7.18%
4 Bank of America Merrill Lynch 9,863.78 84 7.15%
5 Morgan Stanley 8,144.98 61 5.90%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 12,394.33 52 5.61%
2 Citi 11,958.92 50 5.42%
3 BNP Paribas 11,494.66 63 5.21%
4 Barclays 10,331.55 45 4.68%
5 JPMorgan 10,244.52 43 4.64%