Engie twice oversubscribed in quiet IG corp market

Engie, the French electricity and gas group rated A3/A-/A, chose an otherwise quiet Friday in the European corporate bond market to issue a €1.5bn eight and 20 year green bond. The deal was more than twice oversubscribed.

  • By Alex Radford
  • 14 Jun 2019
“Quite a few issues have come this week,” an investor said. “But that's been met with quite a significant amount of demand as well. It feels like money is coming into the asset class. Some of it's probably from government bond investors moving into credit, and investment grade ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 108,205.52 538 5.96%
2 Citi 98,382.25 503 5.42%
3 Bank of America Merrill Lynch 94,761.28 481 5.22%
4 Barclays 84,261.63 358 4.64%
5 Goldman Sachs 72,141.01 351 3.97%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 24,989.46 66 8.20%
2 BNP Paribas 22,052.02 122 7.24%
3 Deutsche Bank 18,809.15 88 6.17%
4 SG Corporate & Investment Banking 18,560.51 81 6.09%
5 Bank of America Merrill Lynch 18,018.32 58 5.91%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.39%
2 Deutsche Bank 4,163.77 26 7.14%
3 JPMorgan 4,112.40 33 7.05%
4 Barclays 3,860.86 25 6.62%
5 Goldman Sachs 3,789.69 29 6.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,298.45 175 9.57%
2 Citi 20,439.86 159 9.19%
3 Goldman Sachs 16,625.43 128 7.47%
4 Bank of America Merrill Lynch 15,591.95 135 7.01%
5 Morgan Stanley 14,366.81 98 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 20,570.30 119 5.85%
2 Barclays 19,860.07 78 5.65%
3 SG Corporate & Investment Banking 18,568.31 85 5.29%
4 JPMorgan 18,060.78 82 5.14%
5 Citi 17,788.18 88 5.06%