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Five to 12 days of stability needed in European HY

With the European high yield market still facing volatility, new issuance seems at least a week of stability away, say bankers. Some even think two weeks’ recovery are needed before the new issue market can wake up from its summer sleep.

  • 21 Sep 2011

“I get all these disheartening runs from my traders saying ‘the yo-yo continues’ and ‘it feels schizophrenic’ and all these not really reassuring things,” said a high yield banker. “Sentiment just isn’t there to want to put on risk.”

Bankers agreed that the seven year €400m and $400m ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 18,065.90 76 7.04%
2 Barclays 14,324.58 54 5.58%
3 JPMorgan 13,715.52 62 5.34%
4 Deutsche Bank 13,703.65 55 5.34%
5 Goldman Sachs 12,468.02 53 4.86%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 SG Corporate & Investment Banking 4,045.97 15 8.01%
2 Citi 3,792.90 15 7.51%
3 Deutsche Bank 3,350.30 14 6.64%
4 Barclays 3,308.76 11 6.55%
5 Credit Agricole CIB 3,046.24 15 6.03%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 646.47 4 14.03%
2 Deutsche Bank 449.87 3 9.77%
3 UniCredit 362.37 2 7.87%
3 Intesa Sanpaolo SpA 362.37 2 7.87%
5 BNP Paribas 336.21 2 7.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 3,219.24 22 10.20%
2 JPMorgan 2,544.70 20 8.06%
3 Credit Suisse 2,364.95 15 7.49%
4 Goldman Sachs 2,331.78 17 7.39%
5 Barclays 2,307.33 19 7.31%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Barclays 4,228.88 14 6.59%
2 Citi 4,092.60 11 6.38%
3 SG Corporate & Investment Banking 3,771.05 15 5.88%
4 Deutsche Bank 3,663.73 11 5.71%
5 Bank of America Merrill Lynch 3,179.12 11 4.95%