Value to be found in European HY market

European credit CDS indices were tighter on Wednesday, with the cost of insuring against default falling about 15bp in the sub-investment grade space. The Markit iTraxx Crossover retreated below the 600bp mark to 586.5bp at 3pm London time.

  • 17 Aug 2011
“It’s just a bit of short-covering so the index is tightening,” said a high yield bond trader. “It’s August so volumes are very very low. Most of the real money guys are on holiday and the fast money guys are playing it via the index and not the ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 173,957.50 760 7.14%
2 Bank of America Merrill Lynch 154,768.14 714 6.35%
3 Citi 137,304.76 735 5.63%
4 Goldman Sachs 109,713.42 475 4.50%
5 Barclays 106,556.79 489 4.37%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 29,965.54 145 2.88%
2 Barclays 25,510.29 106 2.45%
3 Deutsche Bank 24,247.02 105 2.33%
4 SG Corporate & Investment Banking 21,192.48 112 2.04%
5 HSBC 19,467.45 94 1.87%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.78%
2 Citi 28,905.88 231 8.39%
3 Bank of America Merrill Lynch 28,820.93 250 8.36%
4 Goldman Sachs 24,953.24 183 7.24%
5 Barclays 23,123.01 154 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.34%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,973.95 128 5.86%
5 Citi 23,312.66 103 5.26%