Crossover breaks through 800bp, rattles high yield market

The European high yield market took another blow on Monday, as equity and credit markets sold off sharply on renewed worries over a possible Greek default and the shock resignation on Friday of Germany's Jürgen Stark from the executive board of the ECB. On Monday, the Markit iTraxx Crossover moved above 800bp for the first time.

  • 12 Sep 2011
The market moves make it harder to contemplate other names coming to the high yield market on the back of the successful €684m-equivalent issue last week from Fresenius Medical Care — a well-liked double-B rated credit that was in any case hardly representative of the broader high yield ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 84,363.77 404 5.84%
2 Bank of America Merrill Lynch 84,279.38 380 5.83%
3 Citi 69,110.76 388 4.78%
4 Barclays 63,132.35 242 4.37%
5 Goldman Sachs 59,388.99 229 4.11%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,987.74 82 9.19%
2 Deutsche Bank 16,651.33 61 8.06%
3 SG Corporate & Investment Banking 14,054.70 64 6.80%
4 UniCredit 12,047.08 52 5.83%
5 HSBC 11,205.29 61 5.42%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,863.89 45 7.25%
2 Goldman Sachs 3,593.75 29 6.74%
3 JPMorgan 3,391.91 36 6.37%
4 Deutsche Bank 3,241.44 30 6.08%
5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,858.26 127 9.84%
2 Citi 11,539.69 98 7.16%
3 Goldman Sachs 11,025.83 85 6.84%
4 Bank of America Merrill Lynch 10,994.65 101 6.82%
5 Barclays 10,908.60 83 6.77%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,417.95 85 6.41%
2 BNP Paribas 19,882.59 80 6.24%
3 Barclays 18,647.73 58 5.86%
4 Deutsche Bank 17,562.97 71 5.51%
5 Citi 17,352.89 69 5.45%