Cablevision, Axle brave frightened market for HY successes

High yield issuance ended October on a buoyant note, as investors refused to be spooked by portents of the European debt crisis bailout unravelling, despite the Halloween season. Cablevision Systems and American Axle priced deals on the last day of the month, bringing October’s total to $9.24bn.

  • 01 Nov 2011

That is a fraction of the $32.9bn sold in October 2010, but is encouraging for issuers, considering that the first 11 days of the month were barren.

Nearly a third of the total, $2.825bn, was placed in the last two working days. The improvement in sentiment in the second ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,350.32 549 5.93%
2 Bank of America Merrill Lynch 122,750.63 519 5.80%
3 Citi 101,738.87 533 4.81%
4 Barclays 84,156.99 342 3.98%
5 Goldman Sachs 83,290.95 322 3.94%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,401.19 124 8.95%
2 Deutsche Bank 22,113.09 83 6.97%
3 SG Corporate & Investment Banking 20,911.95 99 6.59%
4 UniCredit 17,032.03 79 5.37%
5 HSBC 16,474.81 91 5.19%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.83%
2 BNP Paribas 4,918.81 57 6.97%
3 Deutsche Bank 4,372.15 44 6.19%
4 JPMorgan 3,977.60 45 5.64%
5 Credit Suisse 3,757.05 40 5.32%

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 28,288.85 117 5.99%
2 BNP Paribas 27,457.09 117 5.81%
3 Barclays 26,271.31 92 5.56%
4 JPMorgan 26,099.31 90 5.52%
5 Deutsche Bank 24,766.67 100 5.24%