HY Bond Issuance Surge Shrinks Leveraged Loan Supply

The wave of new issuance in the high-yield bond market is shrinking the secondary supply of leveraged loans, in particular of high-quality paper, say market participants.

  • 23 Jun 2009

--Leela Parker

The wave of new issuance in the high-yield bond market is shrinking the secondary supply of leveraged loans, in particular of high-quality paper, say market participants. Some $40 billion in high-yield bonds have priced year-to-date to pay down loans, said one buysider, with higher quality names being ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

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3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%