US HY market hot for Spain’s Ono, Codere

The US high yield market was as hot this week as it has been all year. Investors have cash to invest and are happy to buy even peripheral European names like Spain’s Grupo Corporativo Ono.

  • 03 Feb 2012

"Ono was a blowout, that was a surprise," said a high yield investor in New York, adding that US accounts have a lot of cash to put to work.

The cable operator raised $1bn of December 2018 bonds, $600m more than planned. The notes complement its €1bn 8.875% senior ...

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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%