Irish HY risk returns with Viridian at 12%

Electricity and gas company Viridian brought a hefty dose of Irish economic risk back to the European high yield market on Thursday, when it became the first company from the country to sell a debut high yield bond since the country's bailout in November 2010.

  • 02 Mar 2012
Irish companies including dairy group Glanbia and Irish Food Processors have borrowed in dollars since then, but corporate issuance in euros has all but dried up. Only Ardagh Packaging, a high yield glass maker, had issued until January, when Baa1/BBB+ rated building materials group CRH raised €500m in ...

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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 5,647.81 35 5.99%
2 Morgan Stanley 5,361.15 32 5.69%
3 Citi 5,164.93 39 5.48%
4 HSBC 4,900.29 32 5.20%
5 BNP Paribas 4,712.84 24 5.00%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,424.26 9 10.57%
2 UniCredit 1,892.23 6 8.25%
3 Bank of America Merrill Lynch 1,585.30 5 6.91%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.88%
5 ING 1,477.05 5 6.44%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 472.73 3 8.70%
2 Goldman Sachs 460.40 3 8.48%
3 Credit Suisse 417.53 4 7.69%
4 Barclays 413.98 4 7.62%
5 Credit Agricole CIB 353.26 2 6.50%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,942.03 15 9.59%
2 Bank of America Merrill Lynch 1,559.21 15 7.70%
3 Wells Fargo Securities 1,535.51 14 7.58%
4 JPMorgan 1,388.05 13 6.85%
5 Morgan Stanley 1,381.20 11 6.82%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,459.18 9 9.92%
2 UniCredit 1,892.23 6 7.63%
3 Bank of America Merrill Lynch 1,585.30 5 6.39%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.36%
5 ING 1,477.05 5 5.96%