Wary US HY investors buy $2bn, one pulls

Concerns over economic growth and the European debt crisis are depressing the high yield bond market, not only in Europe, but in the homeland of high yield bonds, the US.

  • 30 Sep 2011
"The market is demonstrating a lot of risk-aversion," said a US leveraged finance syndicate banker, noting that the tone in high yield was more sceptical than in the equity market. "Today, you’ve got the Dow up 200 points but in the high yield market the CDX is only ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42,922.69 206 5.57%
2 Citi 41,586.42 196 5.40%
3 Bank of America Merrill Lynch 39,478.72 192 5.12%
4 Barclays 36,273.83 151 4.71%
5 Deutsche Bank 30,957.30 148 4.02%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,052.82 29 9.36%
2 SG Corporate & Investment Banking 9,163.95 33 7.12%
3 Deutsche Bank 8,910.77 40 6.92%
4 Bank of America Merrill Lynch 8,791.13 27 6.83%
5 BNP Paribas 8,029.09 40 6.24%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,571.85 12 9.08%
2 Deutsche Bank 1,337.93 10 7.73%
3 BNP Paribas 1,305.75 15 7.54%
4 Goldman Sachs 1,225.64 11 7.08%
5 Citi 1,208.83 11 6.98%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,429.53 69 10.49%
2 Citi 8,913.64 63 9.92%
3 Bank of America Merrill Lynch 6,050.36 46 6.73%
4 Goldman Sachs 5,765.16 41 6.41%
5 Morgan Stanley 5,492.04 36 6.11%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,515.30 33 5.49%
2 Citi 8,108.21 29 5.22%
3 Barclays 7,869.78 33 5.07%
4 BNP Paribas 7,595.48 38 4.89%
5 Credit Agricole CIB 7,348.67 37 4.73%