HY market grapples with tough turnarounds

With no major new issues in sight, the high yield bond market has been dominated by the news of troubled businesses struggling to come up with credible turnaround plans.

  • By Alex Radford
  • 14 Aug 2019
Investors in Thomas Cook had to hold on to their seats this week as the the UK travel company and airline admitted its £750m rescue deal with Chinese conglomerate Fosun was not enough to keep the company flying. It needs at least another £150m, and some of this ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92,027.71 455 5.78%
2 Citi 84,450.96 433 5.30%
3 Bank of America Merrill Lynch 82,050.59 418 5.15%
4 Barclays 72,658.86 310 4.56%
5 Goldman Sachs 60,943.77 295 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 20,742.43 55 8.42%
2 BNP Paribas 16,618.78 95 6.74%
3 SG Corporate & Investment Banking 15,444.68 68 6.27%
4 Deutsche Bank 15,425.41 75 6.26%
5 Bank of America Merrill Lynch 14,210.20 46 5.77%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.05%
4 Barclays 3,441.80 22 6.67%
5 Goldman Sachs 3,389.62 26 6.57%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,847.11 143 9.43%
2 JPMorgan 18,279.02 147 9.15%
3 Goldman Sachs 14,831.56 109 7.42%
4 Bank of America Merrill Lynch 14,255.85 117 7.13%
5 Morgan Stanley 12,912.93 86 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,729.40 94 5.69%
2 SG Corporate & Investment Banking 15,447.25 71 5.26%
3 Barclays 15,378.47 64 5.23%
4 JPMorgan 15,198.08 67 5.17%
5 Citi 14,790.34 69 5.03%