Veolia wins sub-5% pricing as hybrid wins new investors

The strength of demand for corporate bonds was keenly evident this week as six European companies plus GE Capital launched chunky deals in the European market, totalling nearly €8bn. The books for those deals totalled a remarkable €39bn.

  • 11 Jan 2013

Veolia Environnement’s transaction stood out as the first corporate hybrid capital issue of the year, attracting about €9bn of demand across its euro and sterling tranches for what was until recently still a niche product.

That enabled the French environmental services group to raise one of the largest totals ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 44,483.98 215 5.61%
2 Citi 42,089.67 200 5.30%
3 Bank of America Merrill Lynch 40,301.63 198 5.08%
4 Barclays 36,562.85 154 4.61%
5 Deutsche Bank 31,434.19 150 3.96%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,052.82 29 9.24%
2 SG Corporate & Investment Banking 9,231.34 34 7.08%
3 Deutsche Bank 8,994.55 41 6.90%
4 Bank of America Merrill Lynch 8,791.13 27 6.74%
5 BNP Paribas 8,267.11 42 6.34%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,686.47 13 9.63%
2 BNP Paribas 1,305.75 15 7.46%
3 Deutsche Bank 1,263.77 9 7.22%
4 Goldman Sachs 1,225.64 11 7.00%
5 Citi 1,134.67 10 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,841.58 73 10.52%
2 Citi 9,459.24 67 10.12%
3 Bank of America Merrill Lynch 6,345.97 49 6.79%
4 Goldman Sachs 6,080.77 44 6.50%
5 Morgan Stanley 5,699.31 38 6.09%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,582.70 34 5.47%
2 Citi 8,191.99 30 5.22%
3 Barclays 7,869.78 33 5.01%
4 BNP Paribas 7,833.50 40 4.99%
5 JPMorgan 7,498.03 29 4.78%