Gas Natural hit shows issuers finally squeezing premiums

Corporate bond new issue premiums in Europe are finally coming down. That was the message from two successful deals on Monday, for Motability Operations Group of the UK and Spain’s Gas Natural Fenosa.

  • 30 Jan 2012
All year the dominant emotion in the European corporate bond market has been fear of the unknown. Companies were anxious to get large amounts of funding done without trouble, conscious that the outlook for the economy is poor and the Eurozone debt crisis could easily get worse. Either ...

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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 127,517.35 541 5.90%
2 JPMorgan 126,998.43 554 5.88%
3 Citi 102,522.76 538 4.75%
4 Barclays 84,276.72 344 3.90%
5 Goldman Sachs 83,509.37 327 3.87%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,066.59 123 8.86%
2 Deutsche Bank 22,255.37 84 7.03%
3 SG Corporate & Investment Banking 20,558.20 98 6.49%
4 UniCredit 17,012.87 79 5.37%
5 HSBC 16,282.49 91 5.14%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.79%
2 BNP Paribas 4,918.81 57 6.94%
3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,454.25 115 5.77%
2 BNP Paribas 27,238.89 117 5.72%
3 JPMorgan 26,285.83 90 5.52%
4 Barclays 26,233.60 92 5.51%
5 Deutsche Bank 24,766.67 100 5.20%