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 Citi 29,905.36 142 5.76%
2 JPMorgan 29,298.88 144 5.65%
3 Barclays 28,947.43 106 5.58%
4 Bank of America Merrill Lynch 28,642.89 136 5.52%
5 Deutsche Bank 24,308.16 108 4.68%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,296.75 23 10.68%
2 Bank of America Merrill Lynch 7,861.19 21 8.15%
3 Deutsche Bank 6,720.85 31 6.97%
4 SG Corporate & Investment Banking 6,134.64 22 6.36%
5 Santander 5,655.75 19 5.87%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 799.80 6 9.13%
2 Deutsche Bank 710.75 5 8.11%
3 JPMorgan 703.06 6 8.02%
4 BNP Paribas 554.64 4 6.33%
5 Goldman Sachs 489.41 4 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,171.24 46 11.12%
2 JPMorgan 5,896.49 43 9.15%
3 Bank of America Merrill Lynch 4,801.69 34 7.45%
4 Goldman Sachs 4,522.96 31 7.02%
5 Credit Suisse 4,261.07 28 6.61%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,504.27 23 5.81%
2 JPMorgan 5,936.55 20 5.30%
3 SG Corporate & Investment Banking 5,755.14 21 5.14%
4 Citi 5,698.20 19 5.09%
5 Deutsche Bank 5,631.78 26 5.03%