Levfin jumping as issuers try to exploit attractive window

Investment grade corporate bond issuance has slowed right down on Wednesday, as issuers and investors are getting cautious before the European Central Bank monetary policy meeting on Thursday.

  • By Alex Radford, Owen Sanderson
  • 11 Sep 2019

“Both investors and issuers are waiting,” a corporate syndicate banker said this morning, “and sort of expecting, an outcome which is not that positive.” 

As the market's expectation had been incredibly dovish, he worried that it would be hard for the central bank not to disappoint. “That’s why a ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 107,057.91 536 5.93%
2 Citi 97,982.52 503 5.43%
3 Bank of America Merrill Lynch 93,417.04 477 5.18%
4 Barclays 82,746.08 357 4.59%
5 Goldman Sachs 72,129.66 351 4.00%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 23,881.98 65 8.04%
2 BNP Paribas 21,246.52 120 7.15%
3 Deutsche Bank 18,113.62 87 6.10%
4 SG Corporate & Investment Banking 17,453.03 80 5.87%
5 Bank of America Merrill Lynch 16,800.86 56 5.65%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,477.09 30 9.39%
2 Deutsche Bank 4,159.22 26 7.13%
3 JPMorgan 4,107.86 33 7.05%
4 Barclays 3,856.31 25 6.61%
5 Goldman Sachs 3,785.14 29 6.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,290.12 175 9.59%
2 Citi 20,439.86 159 9.20%
3 Goldman Sachs 16,517.10 127 7.44%
4 Bank of America Merrill Lynch 15,491.95 134 6.98%
5 Morgan Stanley 14,358.47 98 6.47%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,764.80 117 5.75%
2 Barclays 18,752.59 77 5.46%
3 Citi 17,788.18 88 5.18%
4 SG Corporate & Investment Banking 17,460.83 84 5.08%
5 JPMorgan 16,953.30 81 4.93%