Corporate bonds poll: Will a European LBO company be able to issue an HY bond in October?

With European high yield bond activity still sluggish after the summer’s volatility, market participants are wondering which issuers may provide some deals over the next few weeks.

  • 21 Oct 2011

The only credits to press into the new issue space since the end of July were Fresenius Medical Care and HeidelbergCement, two strong double-B rated issuers.

Meanwhile, the pipeline of hung bridges – both for leveraged buyout related financings and for general corporate purposes – is still bulging, ...

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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 4,897.24 25 6.92%
2 HSBC 4,323.95 26 6.11%
3 Citi 4,027.50 29 5.69%
4 Morgan Stanley 3,888.93 18 5.50%
5 BNP Paribas 3,721.14 15 5.26%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,322.28 8 5.49%
2 UniCredit 1,892.23 6 4.47%
3 Bank of America Merrill Lynch 1,585.30 5 3.75%
4 ING 1,477.05 5 3.49%
5 Mitsubishi UFJ Financial Group 1,455.84 5 3.44%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 327.97 2 10.84%
2 JPMorgan 315.65 2 10.43%
2 Goldman Sachs 315.65 2 10.43%
4 Citi 266.00 2 8.79%
5 Bank of America Merrill Lynch 226.61 2 7.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,186.24 9 8.93%
2 Bank of America Merrill Lynch 1,144.99 10 8.62%
3 Morgan Stanley 1,069.11 7 8.05%
4 JPMorgan 1,064.38 8 8.01%
5 Wells Fargo Securities 882.72 7 6.65%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,322.28 8 5.12%
2 UniCredit 1,892.23 6 4.17%
3 Bank of America Merrill Lynch 1,585.30 5 3.49%
4 ING 1,477.05 5 3.25%
5 Mitsubishi UFJ Financial Group 1,455.84 5 3.21%