Watermark
Go to Asia edition

Schuldschein entrants: Pareto optimal

Some traditional arrangers of Schuldscheine, which see themselves as the guardians of the market’s probity, were horrified by the news that Pareto Securities is looking to set up shop on their front lawn. But the sort of companies Pareto is likely to bring will answer the prayers of some investors that the old guard have not. And with it, buyers will have to take greater responsibility for what they stick on their books.

  • By Silas Brown
  • 29 Aug 2019

Pareto associates with higher yielding borrowers from the Nordic region and beyond, so some of the stiffer Schuldschein bankers are concerned that the broker will offer the market a slew of crossover and sub-investment grade credits, and all the hair-raising excitement that can accompany those deals.

Credit deterioration ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial
Log in

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 109,590.02 545 5.98%
2 Citi 99,476.56 508 5.43%
3 Bank of America Merrill Lynch 95,931.24 488 5.23%
4 Barclays 84,564.14 361 4.61%
5 Goldman Sachs 72,463.15 353 3.95%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Barclays 25,216.98 68 8.07%
2 BNP Paribas 22,728.81 125 7.28%
3 Deutsche Bank 19,476.33 91 6.24%
4 SG Corporate & Investment Banking 18,780.78 83 6.01%
5 Bank of America Merrill Lynch 18,365.62 60 5.88%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 5,481.64 30 9.16%
2 JPMorgan 4,195.74 34 7.01%
3 Deutsche Bank 4,163.77 26 6.96%
4 Goldman Sachs 4,037.77 30 6.75%
5 Barclays 3,944.19 26 6.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 21,330.12 176 9.55%
2 Citi 20,413.19 159 9.14%
3 Goldman Sachs 16,673.77 129 7.47%
4 Bank of America Merrill Lynch 15,858.61 138 7.10%
5 Morgan Stanley 14,415.14 99 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 21,308.48 122 5.93%
2 Barclays 19,922.32 79 5.54%
3 JPMorgan 18,851.59 86 5.24%
4 SG Corporate & Investment Banking 18,623.31 86 5.18%
5 Citi 18,190.86 90 5.06%