Korea Resources completes $500m in crowded market

State-owned Korea Resources Corp sold a $500m five year deal at 150bp over US Treasuries, though a crowded market prevented the borrower from achieving an even tighter spread.

  • 03 May 2013
Although bookrunners Citi, Deutsche Bank, HSBC, Korea Development Bank and Standard Chartered were able to lower guidance from the initial 155bp, the presence of similarly rated credits in the market on April 25 that were offering more generous spreads meant pricing was wider than they would have hoped. ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jul 2019
1 JPMorgan 76,006.00 390 5.64%
2 Citi 69,584.84 372 5.16%
3 Bank of America Merrill Lynch 68,674.92 369 5.10%
4 Barclays 60,739.02 265 4.51%
5 Goldman Sachs 51,591.79 253 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 20,165.66 52 8.72%
2 BNP Paribas 15,735.82 89 6.81%
3 SG Corporate & Investment Banking 14,134.52 61 6.12%
4 Bank of America Merrill Lynch 14,105.99 45 6.10%
5 Deutsche Bank 13,105.24 66 5.67%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.58%
2 Citi 2,783.23 20 7.10%
3 BNP Paribas 2,674.33 25 6.82%
4 JPMorgan 2,602.43 20 6.64%
5 Goldman Sachs 2,523.29 20 6.44%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,238.30 131 10.01%
2 Citi 14,667.10 123 9.04%
3 Bank of America Merrill Lynch 12,173.13 103 7.51%
4 Goldman Sachs 11,917.27 92 7.35%
5 Morgan Stanley 9,465.81 73 5.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 15,424.27 88 5.84%
2 SG Corporate & Investment Banking 13,698.52 64 5.19%
3 Barclays 13,569.09 57 5.14%
4 JPMorgan 13,358.35 58 5.06%
5 Citi 13,042.23 59 4.94%