US HY pace slows, spreads keep tightening

US high yield issuance has slowed this week, which some investors thought a welcome breather after a frenzy of deals had priced tightly last week, even down to low triple-C rated paper.

  • 17 Feb 2012
"There is some potential for a little bit of a sell-off, as we had some weakness in the last couple of days," said a high yield investor in New York. "But until there is a better balance between supply and demand — which either means money leaves some ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,253.42 150 5.58%
2 JPMorgan 30,258.10 154 5.41%
3 Bank of America Merrill Lynch 29,583.77 143 5.29%
4 Barclays 29,432.52 110 5.26%
5 Deutsche Bank 25,814.34 115 4.61%

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 9.97%
2 Bank of America Merrill Lynch 8,134.48 23 7.80%
3 Deutsche Bank 7,164.21 34 6.87%
4 SG Corporate & Investment Banking 6,754.28 23 6.48%
5 Santander 5,833.12 20 5.60%

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 7,635.83 50 10.94%
2 JPMorgan 6,495.29 50 9.30%
3 Bank of America Merrill Lynch 5,031.63 36 7.21%
4 Goldman Sachs 4,767.07 33 6.83%
5 Credit Suisse 4,456.07 30 6.38%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,819.64 26 5.60%
2 Citi 6,495.20 21 5.34%
3 SG Corporate & Investment Banking 6,428.97 23 5.28%
4 JPMorgan 6,113.92 21 5.02%
5 Deutsche Bank 6,075.14 29 4.99%