Daimler unleashes non-core FX bonanza

Daimler International and its Canadian subsidiary tapped a variety of non-core sectors this week on the back of European investors’ strong demand for German autos in alternative currencies. The trades were emblematic of the growing confidence in corporate versus government or agency bonds.

  • 13 Jan 2012

"Investors are shying away from EU governments and agencies and looking more for European corporate names, where the borrower has a finite borrowing requirement," said Paul Eustace, head of syndicate at TD Securities.

Daimler Canada issued a Eurobond in Canadian dollars on Wednesday — a C$125m 2.5% three year ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42,922.69 206 5.63%
2 Citi 41,586.42 196 5.45%
3 Bank of America Merrill Lynch 39,407.29 191 5.17%
4 Barclays 36,273.83 151 4.75%
5 Deutsche Bank 30,885.88 147 4.05%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,052.82 29 9.36%
2 SG Corporate & Investment Banking 9,163.95 33 7.12%
3 Deutsche Bank 8,910.77 40 6.92%
4 Bank of America Merrill Lynch 8,791.13 27 6.83%
5 BNP Paribas 8,029.09 40 6.24%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,571.85 12 9.08%
2 Deutsche Bank 1,337.93 10 7.73%
3 BNP Paribas 1,305.75 15 7.54%
4 Goldman Sachs 1,225.64 11 7.08%
5 Citi 1,208.83 11 6.98%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,429.53 69 10.49%
2 Citi 8,913.64 63 9.92%
3 Bank of America Merrill Lynch 6,050.36 46 6.73%
4 Goldman Sachs 5,765.16 41 6.41%
5 Morgan Stanley 5,492.04 36 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 8,438.58 32 5.45%
2 Citi 8,108.21 29 5.23%
3 Barclays 7,869.78 33 5.08%
4 BNP Paribas 7,595.48 38 4.90%
5 Credit Agricole CIB 7,348.67 37 4.74%