Heidelberg slashes spread amid ‘insane’ rally

The rally set off European Central Bank president Mario Draghi's assertion on Tuesday that further quantitative easing was possible, if not probable, had reached a level by Wednesday that astonished bankers. Three investment grade companies took advantage that day with benchmark bond issues, while one brought a tap.

  • By Alex Radford
  • 19 Jun 2019
“It was crazy how it boosted the market, especially on the equities side,” said a banker away from Wednesday's deals of Draghi's remarks. “But there was also a significant move on the credit side of up to 5bp in the indices. So I think the market has quite ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 76,614.41 395 5.63%
2 Citi 70,238.56 378 5.16%
3 Bank of America Merrill Lynch 69,149.21 374 5.08%
4 Barclays 61,172.01 270 4.50%
5 Goldman Sachs 52,037.90 257 3.82%

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 8.68%
2 BNP Paribas 15,996.41 91 6.88%
3 SG Corporate & Investment Banking 14,245.63 62 6.13%
4 Bank of America Merrill Lynch 14,105.99 45 6.07%
5 Deutsche Bank 13,105.24 66 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.46%
2 JPMorgan 2,822.43 22 7.09%
3 Citi 2,783.23 20 6.99%
4 BNP Paribas 2,674.33 25 6.72%
5 Goldman Sachs 2,523.29 20 6.34%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,399.18 133 10.00%
2 Citi 14,953.44 126 9.12%
3 Bank of America Merrill Lynch 12,235.32 104 7.46%
4 Goldman Sachs 12,091.12 94 7.37%
5 Morgan Stanley 9,577.47 74 5.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 15,535.37 89 5.81%
2 SG Corporate & Investment Banking 13,809.62 65 5.16%
3 Barclays 13,651.30 58 5.10%
4 JPMorgan 13,469.46 59 5.03%
5 Citi 13,203.46 60 4.94%