IG issuers rush to beat ECB as HY enjoys cash bonanza

A new flurry of investment grade corporate bond issuers jumped into the market on Wednesday morning, after Danaher priced its €6.25bn five-tranche Reverse Yankee note. Getting that deal out of the way gave other corporate borrowers room to bring bonds of their own — and plenty are expected to in the run-up toe the European Central Bank's monetary policy announcement on September 12.

  • By Alex Radford, Owen Sanderson
  • 04 Sep 2019
“I think we are now facing a favourable window [for issuers]” said one banker. “I think some of them, think there’s a risk that if the ECB does not deliver what the market expects; we will have a shift in the market, and they are trying to be ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 108,205.52 538 5.96%
2 Citi 98,382.25 503 5.42%
3 Bank of America Merrill Lynch 94,761.28 481 5.22%
4 Barclays 84,261.63 358 4.64%
5 Goldman Sachs 72,141.01 351 3.97%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 24,989.46 66 8.20%
2 BNP Paribas 22,052.02 122 7.24%
3 Deutsche Bank 18,809.15 88 6.17%
4 SG Corporate & Investment Banking 18,560.51 81 6.09%
5 Bank of America Merrill Lynch 18,018.32 58 5.91%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.39%
2 Deutsche Bank 4,163.77 26 7.14%
3 JPMorgan 4,112.40 33 7.05%
4 Barclays 3,860.86 25 6.62%
5 Goldman Sachs 3,789.69 29 6.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,298.45 175 9.57%
2 Citi 20,439.86 159 9.19%
3 Goldman Sachs 16,625.43 128 7.47%
4 Bank of America Merrill Lynch 15,591.95 135 7.01%
5 Morgan Stanley 14,366.81 98 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 20,570.30 119 5.85%
2 Barclays 19,860.07 78 5.65%
3 SG Corporate & Investment Banking 18,568.31 85 5.29%
4 JPMorgan 18,060.78 82 5.14%
5 Citi 17,788.18 88 5.06%