EM returns to Swissies as REC, KNOC find warm welcome

Emerging markets risk returned to the Swiss franc market this week after a blowout year in 2011, as Rural Electrification Corp raised Sfr200m and Korea National Oil Corp Sfr300m.

  • 10 Feb 2012

Indian, Korean and Russian issuers priced blockbuster deals last year, as Swiss investors finally became comfortable with lower-rated credits offering eye-catching coupons. As Swiss yields have fallen since then, investors are even keener to buy lucrative paper.

Rural Electrification Corp priced its first Swiss franc bond on Thursday ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 55,345.18 273 5.44%
2 JPMorgan 55,046.37 275 5.41%
3 Bank of America Merrill Lynch 51,949.12 260 5.10%
4 Barclays 47,864.00 196 4.70%
5 Deutsche Bank 38,993.78 192 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Barclays 14,831.20 37 9.08%
2 SG Corporate & Investment Banking 11,366.45 42 6.96%
3 Deutsche Bank 10,204.94 51 6.25%
4 Bank of America Merrill Lynch 10,069.16 30 6.16%
5 BNP Paribas 9,924.50 54 6.07%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,849.41 16 9.19%
2 Citi 2,449.34 16 7.90%
3 JPMorgan 2,260.62 16 7.29%
4 BNP Paribas 2,167.79 20 6.99%
5 Goldman Sachs 1,890.62 15 6.10%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,495.10 96 10.02%
2 Citi 11,803.94 91 9.47%
3 Bank of America Merrill Lynch 8,842.75 73 7.09%
4 Goldman Sachs 8,683.82 62 6.96%
5 Morgan Stanley 7,624.77 56 6.11%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 11,028.16 43 5.85%
2 Citi 10,190.79 41 5.41%
3 BNP Paribas 9,564.40 53 5.08%
4 Barclays 9,097.64 39 4.83%
5 JPMorgan 8,845.38 36 4.69%