High yield stages December pageant as buyers beg for returns

The European high yield market is as busy as it has been all year, as banks launch deal after deal, hoping to price them before Christmas.

  • 07 Dec 2012

So far in December only €560m of high yield bonds have been priced, but another €2.07bn are being marketed.

"We’ve got a pretty good market at the moment and deals are getting great levels of oversubscription," said a high yield banker. "I hope everyone who doesn’t come in the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 6,725.43 38 5.92%
2 Bank of America Merrill Lynch 5,845.88 38 5.15%
3 Citi 5,616.32 43 4.94%
4 HSBC 5,284.41 37 4.65%
5 BNP Paribas 5,219.36 29 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,658.29 11 10.89%
2 UniCredit 1,973.31 7 8.09%
3 Bank of America Merrill Lynch 1,666.37 6 6.83%
4 SG Corporate & Investment Banking 1,585.47 6 6.50%
5 Mitsubishi UFJ Financial Group 1,577.41 6 6.46%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 553.99 4 8.64%
2 Credit Suisse 511.12 5 7.97%
3 BNP Paribas 472.73 3 7.37%
4 Barclays 413.98 4 6.46%
5 JPMorgan 409.23 3 6.38%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,178.82 15 9.04%
2 Citi 2,162.31 17 8.97%
3 Morgan Stanley 2,088.85 13 8.66%
4 Bank of America Merrill Lynch 1,613.71 16 6.69%
5 Deutsche Bank 1,550.60 9 6.43%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,612.14 10 10.04%
2 UniCredit 1,892.23 6 7.28%
3 SG Corporate & Investment Banking 1,585.47 6 6.10%
4 Bank of America Merrill Lynch 1,585.30 5 6.10%
5 Mitsubishi UFJ Financial Group 1,577.41 6 6.07%