Cuspy Marks & Spencer bags a £2bn book

An undersupplied sterling bond market was on Wednesday given two new corporate deals to chew on: a £350m three year from carmaker BMW and a £250m no-grow eight year from UK retailer Marks & Spencer. Abertis Infraestructuras, the Spanish roll road operator, also offered a €1.3bn six and 10 year deal.

  • By Alex Radford
  • 03 Jul 2019
One banker thought the recent performance of sterling deals boded well for Wednesday’s sterling notes. “In absolute terms the market is undersupplied, particularly considering the amount of cash sterling investors have,” said a banker away from the deals. “Looking back to many other sterling trades, the new issue ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 76,422.10 393 5.63%
2 Citi 70,157.37 377 5.17%
3 Bank of America Merrill Lynch 69,068.02 373 5.09%
4 Barclays 60,956.59 268 4.49%
5 Goldman Sachs 52,037.90 257 3.84%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Barclays 20,165.66 52 8.71%
2 BNP Paribas 15,885.30 90 6.86%
3 SG Corporate & Investment Banking 14,134.52 61 6.10%
4 Bank of America Merrill Lynch 14,105.99 45 6.09%
5 Deutsche Bank 13,105.24 66 5.66%

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 16,336.99 132 10.01%
2 Citi 14,953.44 126 9.16%
3 Bank of America Merrill Lynch 12,173.13 103 7.46%
4 Goldman Sachs 12,028.93 93 7.37%
5 Morgan Stanley 9,577.47 74 5.87%

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 5.79%
2 SG Corporate & Investment Banking 13,698.52 64 5.14%
3 Barclays 13,517.08 57 5.07%
4 JPMorgan 13,358.35 58 5.01%
5 Citi 13,203.46 60 4.95%