Default risks accumulate in Brexit-plagued UK market

UK corporate debt is at an all-time high as the risks posed by a traumatic departure from the EU in October peak. Default risk among UK industrials has deteriorated sharply in recent years while at the same time their EU counterparts have lowered their risk profile. Karoliina Liimatainen reports.

  • By Karoliina Liimatainen
  • 15 Aug 2019
The average default risk of UK industrial companies has risen about 24% since January 2016, according to Credit Benchmark index data, while the risk for their EU peers, has declined by about 9%.

The Credit Benchmark data is based on a cross-section of data provided by major banks and ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,888.30 60 6.85%
2 Deutsche Bank 8,575.51 45 6.61%
3 Credit Agricole CIB 8,336.05 46 6.42%
4 JPMorgan 7,620.98 38 5.87%
5 Goldman Sachs 7,362.10 39 5.67%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.01%
2 JPMorgan 4,489.79 35 7.38%
3 Deutsche Bank 4,163.77 26 6.84%
4 Goldman Sachs 4,137.68 31 6.80%
5 Barclays 3,944.19 26 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,777.85 178 9.62%
2 Citi 20,535.92 160 9.07%
3 Goldman Sachs 16,887.66 130 7.46%
4 Bank of America Merrill Lynch 16,122.51 140 7.12%
5 Morgan Stanley 14,536.57 101 6.42%