Wait is on as high-yield issuers line up in LatAm

ICA, a single-B rated builder, tapped strong post-election demand for Mexican paper this week but bankers warned against interpreting the deal’s success — or the announcement of a trio of roadshows for riskier names — as a sign that the high yield market is ready to reopen.

  • 20 Jul 2012

"ICA’s issue did go well but they had to pay up for it," said one banker. "There’s definitely a lot of money out there but the overwhelming desire is still for large, liquid benchmarks from top tier names."

Bankers close to the deal — which was led by Bank ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,350.32 549 5.86%
2 Bank of America Merrill Lynch 124,300.57 526 5.81%
3 Citi 102,095.60 537 4.77%
4 Barclays 84,284.85 343 3.94%
5 Goldman Sachs 83,858.93 328 3.92%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,401.19 124 8.94%
2 Deutsche Bank 22,113.09 83 6.96%
3 SG Corporate & Investment Banking 20,892.79 99 6.58%
4 UniCredit 17,012.87 79 5.36%
5 HSBC 16,474.81 91 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.83%
2 BNP Paribas 4,918.81 57 6.96%
3 Deutsche Bank 4,372.15 44 6.19%
4 JPMorgan 3,977.60 45 5.63%
5 Credit Suisse 3,757.05 40 5.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,288.85 117 5.96%
2 BNP Paribas 27,573.48 118 5.81%
3 Barclays 26,271.31 92 5.53%
4 JPMorgan 26,099.31 90 5.50%
5 Deutsche Bank 24,766.67 100 5.21%