Novartis, Total and Vodafone star as Fed juice powers US bid

Highly rated Yankee corporates like Novartis and Total raided the US bond market this week to lock in financing at record low rates as investors continued to pile into high grade credit, spurred by a fresh bout of monetary easing.

  • 21 Sep 2012

Last week’s sharp sell-off in Treasuries after the simultaneous policy stimuli by central banks to revive the global economy has helped the bid for investment grade credit.

"Central bank action is encouraging investors to move out of cash and the major beneficiary is fixed income," said Jim Turner, ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 175,104.29 767 7.13%
2 Bank of America Merrill Lynch 156,319.43 723 6.36%
3 Citi 138,033.99 742 5.62%
4 Goldman Sachs 110,886.78 482 4.51%
5 Barclays 106,582.38 490 4.34%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,965.54 145 8.63%
2 Barclays 25,510.29 106 7.35%
3 Deutsche Bank 24,247.02 105 6.98%
4 SG Corporate & Investment Banking 21,202.74 113 6.11%
5 HSBC 19,467.45 94 5.61%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 8.01%
2 Goldman Sachs 8,116.84 64 7.67%
3 Credit Suisse 6,908.88 70 6.53%
4 Deutsche Bank 6,384.59 62 6.04%
5 BNP Paribas 5,941.97 66 5.62%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.73%
2 Citi 29,048.74 232 8.39%
3 Bank of America Merrill Lynch 28,989.38 252 8.38%
4 Goldman Sachs 24,953.24 183 7.21%
5 Barclays 23,148.60 155 6.69%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.32%
2 Deutsche Bank 28,087.32 104 6.32%
3 BNP Paribas 27,948.80 144 6.29%
4 HSBC 25,973.95 128 5.84%
5 Citi 23,359.75 104 5.25%