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 44,108.59 212 5.60%
2 Citi 41,929.67 199 5.33%
3 Bank of America Merrill Lynch 39,961.63 196 5.08%
4 Barclays 36,376.87 152 4.62%
5 Deutsche Bank 31,434.19 150 3.99%

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 9.32%
2 SG Corporate & Investment Banking 9,231.34 34 7.14%
3 Deutsche Bank 8,994.55 41 6.95%
4 Bank of America Merrill Lynch 8,791.13 27 6.79%
5 BNP Paribas 8,096.49 41 6.26%

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 9,636.80 71 10.46%
2 Citi 9,049.24 65 9.82%
3 Bank of America Merrill Lynch 6,185.97 48 6.72%
4 Goldman Sachs 6,080.77 44 6.60%
5 Morgan Stanley 5,699.31 38 6.19%

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 5.51%
2 Citi 8,191.99 30 5.25%
3 Barclays 7,869.78 33 5.05%
4 BNP Paribas 7,662.88 39 4.92%
5 Credit Agricole CIB 7,416.07 38 4.76%