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Investors ready to flock to Towergate’s HY debut

UK insurance intermediary Towergate is set to price a £520m debut high yield bond on Friday, which investors expect to be heavily oversubscribed.

  • 04 Feb 2011

The deal will be only the second European junk bond of the week, following Irish packaging firm Ardagh Group’s Eu200m tap on Tuesday.

"High yield supply just isn’t keeping up with demand," said an investor in London. "This week’s been especially light. There’s no issuer in the immediate pipeline, ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 96,950.75 438 5.87%
2 Bank of America Merrill Lynch 96,339.88 420 5.84%
3 Citi 80,636.38 424 4.89%
4 Barclays 70,395.85 272 4.26%
5 Goldman Sachs 66,323.53 257 4.02%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 21,423.94 96 8.87%
2 Deutsche Bank 18,365.60 68 7.60%
3 SG Corporate & Investment Banking 16,706.78 76 6.92%
4 UniCredit 14,079.93 63 5.83%
5 Credit Agricole CIB 11,841.20 56 4.90%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 4,034.08 48 7.08%
2 Deutsche Bank 3,636.44 36 6.39%
3 Goldman Sachs 3,623.05 30 6.36%
4 JPMorgan 3,537.06 38 6.21%
5 Credit Suisse 3,303.94 34 5.80%

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 JPMorgan 17,194.51 135 9.92%
2 Credit Suisse 12,843.21 88 7.41%
3 Goldman Sachs 12,130.01 89 7.00%
4 Citi 12,023.66 101 6.94%
5 Bank of America Merrill Lynch 11,966.50 108 6.91%

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 HSBC 22,617.39 93 5.95%
2 BNP Paribas 22,551.58 94 5.93%
3 Barclays 22,073.53 73 5.80%
4 Deutsche Bank 21,008.00 83 5.52%
5 Citi 20,528.49 81 5.40%