Boeing issues $1bn as rally on spreads slows but corporate bond market remains upbeat

Boeing Capital brought a $1bn 5s/10s offering via Credit Suisse, Goldman Sachs and JPMorgan on Thursday. Despite the rally in recent months, the deal was sold at levels very similar to when the issuer last came to the market in July.

  • 23 Oct 2009

The single-A rated borrower priced the $500m five year at Treasuries plus 95bp and the $500m 10 year at Treasuries plus 130bp, in line with earlier price guidance.

The issue — the third time it has visited the term debt market in 2009 — arrived one day after Boeing ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 173,212.52 757 7.17%
2 Bank of America Merrill Lynch 153,744.23 709 6.37%
3 Citi 136,722.26 732 5.66%
4 Goldman Sachs 109,440.99 472 4.53%
5 Barclays 105,316.67 480 4.36%

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 8.68%
2 Barclays 25,184.66 104 7.29%
3 Deutsche Bank 24,247.02 105 7.02%
4 SG Corporate & Investment Banking 20,544.30 110 5.95%
5 HSBC 19,467.45 94 5.64%

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 36,690.71 286 10.74%
2 Citi 28,630.88 229 8.38%
3 Bank of America Merrill Lynch 28,330.35 247 8.30%
4 Goldman Sachs 24,712.66 181 7.24%
5 Barclays 22,931.34 152 6.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 28,087.32 104 6.41%
2 BNP Paribas 27,948.80 144 6.38%
3 Barclays 27,400.32 128 6.25%
4 HSBC 25,832.31 126 5.90%
5 Citi 23,312.66 103 5.32%