Retail bonds divide issuers: some love them, some stay well away

The UK’s retail bond market took a step forward last week with the completion of a £140m deal for Places for People Homes – the first non-financial company to issue a retail bond using the London Stock Exchange’s new listing and trading facilities.

  • 20 Jun 2011

But many big companies and investment banks still believe retail issuance is too fraught with legal risks to be worthwhile.

The housing association is much smaller and less well-known than the big banks that have so far led the retail renaissance in sterling bonds. Since the LSE opened its ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 55,767.79 273 5.44%
2 JPMorgan 55,171.37 276 5.38%
3 Bank of America Merrill Lynch 52,001.47 261 5.07%
4 Barclays 48,479.25 198 4.73%
5 Deutsche Bank 39,140.38 193 3.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 15,387.15 38 9.21%
2 SG Corporate & Investment Banking 11,366.45 42 6.81%
3 Deutsche Bank 10,351.53 52 6.20%
4 Citi 10,209.99 45 6.11%
5 Bank of America Merrill Lynch 10,069.16 30 6.03%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,849.41 16 9.19%
2 Citi 2,449.34 16 7.90%
3 JPMorgan 2,260.62 16 7.29%
4 BNP Paribas 2,167.79 20 6.99%
5 Goldman Sachs 1,890.62 15 6.10%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,495.10 96 10.02%
2 Citi 11,803.94 91 9.47%
3 Bank of America Merrill Lynch 8,842.75 73 7.09%
4 Goldman Sachs 8,683.82 62 6.96%
5 Morgan Stanley 7,624.77 56 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 11,153.16 44 5.79%
2 Citi 10,746.74 42 5.58%
3 BNP Paribas 9,702.75 54 5.03%
4 Barclays 9,653.59 40 5.01%
5 JPMorgan 8,970.38 37 4.65%