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 Citi 30,641.00 149 5.60%
2 JPMorgan 30,261.62 151 5.53%
3 Barclays 29,332.65 109 5.36%
4 Bank of America Merrill Lynch 29,326.65 141 5.36%
5 Deutsche Bank 24,940.96 113 4.56%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,392.67 24 10.30%
2 Bank of America Merrill Lynch 8,134.48 23 8.06%
3 Deutsche Bank 7,164.21 34 7.10%
4 SG Corporate & Investment Banking 6,134.64 22 6.08%
5 Santander 5,833.12 20 5.78%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 849.80 7 9.30%
2 JPMorgan 703.06 6 7.69%
3 Deutsche Bank 636.38 4 6.97%
4 BNP Paribas 604.64 5 6.62%
5 Goldman Sachs 489.41 4 5.36%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,643.05 50 10.93%
2 JPMorgan 6,601.02 49 9.44%
3 Bank of America Merrill Lynch 5,031.63 36 7.19%
4 Goldman Sachs 4,767.07 33 6.81%
5 Credit Suisse 4,456.07 30 6.37%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,765.45 25 5.73%
2 JPMorgan 6,113.92 21 5.18%
3 Deutsche Bank 6,075.14 29 5.15%
4 Citi 5,875.57 20 4.98%
5 SG Corporate & Investment Banking 5,755.14 21 4.88%