KPN plays it safe, gets swamped with bids for €750m

Koninklijke KPN, the Dutch telecoms company, today became one of the few core eurozone borrowers to have taken advantage of the past fortnight’s mini-bull run for corporate bonds.

  • 25 Jul 2012

Spreads in the secondary market have been tightening and yields are coasting along near all-time lows, as investors pile into safe haven assets. For many fund managers, that category now includes high quality corporate bonds from anywhere outside the challenged European periphery.

Yet few eurozone borrowers have brought deals ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 81,228.41 371 5.79%
2 JPMorgan 80,815.80 393 5.76%
3 Citi 66,472.23 381 4.73%
4 Barclays 62,421.24 238 4.45%
5 Goldman Sachs 56,456.31 223 4.02%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,987.74 82 9.19%
2 Deutsche Bank 16,651.33 61 8.06%
3 SG Corporate & Investment Banking 14,054.70 64 6.81%
4 UniCredit 11,756.26 51 5.69%
5 HSBC 11,205.29 61 5.43%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,863.89 45 7.26%
2 Goldman Sachs 3,593.75 29 6.75%
3 JPMorgan 3,391.91 36 6.37%
4 Deutsche Bank 3,241.44 30 6.09%
5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,536.04 124 9.89%
2 Citi 11,273.70 96 7.18%
3 Goldman Sachs 10,753.60 83 6.85%
4 Bank of America Merrill Lynch 10,703.66 98 6.82%
5 Barclays 10,436.37 81 6.64%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,417.95 85 6.50%
2 BNP Paribas 19,882.59 80 6.33%
3 Barclays 18,647.73 58 5.94%
4 Deutsche Bank 16,816.67 70 5.36%
5 Citi 16,746.96 68 5.33%