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 99,566.90 454 5.86%
2 Bank of America Merrill Lynch 99,003.09 435 5.83%
3 Citi 84,614.01 445 4.98%
4 Barclays 72,949.56 288 4.29%
5 Goldman Sachs 67,513.91 265 3.97%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,922.23 100 8.75%
2 Deutsche Bank 18,365.60 68 7.33%
3 SG Corporate & Investment Banking 17,313.06 81 6.91%
4 UniCredit 14,560.49 67 5.81%
5 HSBC 12,711.09 71 5.07%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 4,293.59 52 7.15%
2 Deutsche Bank 3,871.16 39 6.45%
3 Goldman Sachs 3,757.37 32 6.26%
4 JPMorgan 3,631.57 40 6.05%
5 Credit Suisse 3,406.43 36 5.67%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,476.08 137 9.95%
2 Credit Suisse 12,936.58 90 7.36%
3 Goldman Sachs 12,429.32 91 7.07%
4 Citi 12,061.47 102 6.87%
5 Bank of America Merrill Lynch 12,022.06 109 6.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 24,095.98 100 6.17%
2 BNP Paribas 22,633.04 97 5.79%
3 Barclays 22,506.00 76 5.76%
4 Citi 21,179.37 84 5.42%
5 Deutsche Bank 21,068.78 84 5.39%