High yield sets global volume record, 2014 set to stay bullish

The leveraged finance market, including bonds and loans, reached a record volume of issuance in 2013, with $2.25tr of borrowing globally, according to Dealogic.

  • By Stefanie Linhardt
  • 06 Jan 2014

That beats the previous record of $1.7tr in 2012. High yield bond volume rose to a $479bn record high in 2013, with the European and US markets both reaching new peaks.

In the European market, payment-in-kind bonds and PIK toggle issuance also reached a record of €3.6bn, according ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,505.59 4 23.86%
2 SG Corporate & Investment Banking 1,292.64 1 20.48%
2 Rabobank 1,292.64 1 20.48%
4 BNP Paribas 598.25 2 9.48%
5 TD Securities Inc 241.54 1 3.83%