Bad news, good news – IG corporate borrowers remain unruffled

The European corporate bond market went to bed on Tuesday night with a 1% fall in the S&P 500 going round its head, and ate its breakfast on Wednesday morning in front of headlines about emerging market assets crashing.

  • By Jon Hay
  • 12 Jun 2013
But by the time it had its mid-morning coffee, European stocks were up 0.5%, the Markit iTraxx Main and Crossover indices were a few basis points tighter, William Morrison Supermarkets had launched a bond, and there was the prospect of some good old-fashioned M&A, with Vodafone approaching Kabel ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,448.94 38 8.75%
2 Deutsche Bank 6,776.39 22 6.27%
3 JPMorgan 6,085.39 25 5.63%
4 Goldman Sachs 5,888.64 23 5.45%
5 Barclays 5,603.96 21 5.19%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,932.38 9 8.97%
2 UniCredit 1,348.77 9 6.26%
3 BNP Paribas 1,279.50 7 5.94%
4 Deutsche Bank 1,270.02 7 5.89%
5 HSBC 1,199.01 6 5.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
3 UniCredit 113.00 1 7.09%
3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 679.58 7 8.97%
2 JPMorgan 657.08 7 8.68%
3 Citi 584.16 8 7.71%
4 Goldman Sachs 534.58 5 7.06%
5 Barclays 534.16 7 7.05%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,324.67 8 9.36%
2 Barclays 2,536.07 5 7.14%
3 JPMorgan 2,444.85 4 6.88%
4 Bank of America Merrill Lynch 2,436.88 6 6.86%
5 Deutsche Bank 2,311.73 5 6.51%