Fiat picks good week to return for €600m

Fiat, the Italian car company, launched its third bond of the year today, taking advantage of a buoyant tone in financial markets as some progress appears to be being made on resolving the eurozone crisis and investors continue to flock to corporate credit.

  • 11 Jul 2012

Fiat is now rated Ba3/BB-/BB, and marketed its bond on a yield basis as high yield borrowers do, but is still bought by many investment grade investors.

Despite European stocks opening down after yesterday’s moderate rises, Bank of America Merrill Lynch, BNP Paribas, Citigroup, JP Morgan, Morgan Stanley and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92,027.71 455 5.79%
2 Citi 84,340.05 432 5.31%
3 Bank of America Merrill Lynch 82,050.59 418 5.16%
4 Barclays 72,658.86 310 4.57%
5 Goldman Sachs 60,913.24 294 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 20,742.43 55 8.42%
2 BNP Paribas 16,618.78 95 6.75%
3 SG Corporate & Investment Banking 15,444.68 68 6.27%
4 Deutsche Bank 15,422.56 75 6.26%
5 Bank of America Merrill Lynch 14,210.20 46 5.77%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.05%
4 Barclays 3,441.80 22 6.67%
5 Goldman Sachs 3,389.62 26 6.57%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,847.11 143 9.43%
2 JPMorgan 18,279.02 147 9.15%
3 Goldman Sachs 14,831.56 109 7.42%
4 Bank of America Merrill Lynch 14,255.85 117 7.13%
5 Morgan Stanley 12,912.93 86 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,729.40 94 5.70%
2 SG Corporate & Investment Banking 15,447.25 71 5.26%
3 Barclays 15,378.47 64 5.24%
4 JPMorgan 15,198.08 67 5.18%
5 Citi 14,679.43 68 5.00%