Tesco’s Eu3bn deal leaves market in despair

  • 05 Sep 2008
Corporate syndicate bankers and issuers threw up their hands in despair this week as illiquid secondary markets and investor fears of future supply weighed heavily on the new issue arena. These factors ensured that despite generous pricing, deals such as Tesco’s Eu3bn offering widened in secondary trade and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 7,804.66 23 9.52%
2 Deutsche Bank 6,018.47 14 7.34%
3 JPMorgan 5,096.36 17 6.22%
4 Barclays 4,950.16 12 6.04%
5 Goldman Sachs 4,862.50 14 5.93%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,243.79 7 7.24%
2 BNP Paribas 1,118.03 6 6.51%
3 Barclays 1,100.14 4 6.41%
4 Commerzbank Group 1,054.99 6 6.15%
5 JPMorgan 1,009.92 4 5.88%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
3 UniCredit 113.00 1 7.09%
3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 133.33 2 7.62%
2 Wells Fargo Securities 83.33 1 4.76%
2 US Bancorp 83.33 1 4.76%
2 TD Securities Inc 83.33 1 4.76%
2 Sumitomo Mitsui Financial Group 83.33 1 4.76%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 2,636.08 6 8.44%
2 Barclays 2,499.67 4 8.00%
3 Bank of America Merrill Lynch 2,343.15 5 7.50%
4 JPMorgan 2,303.98 3 7.37%
5 MUFG 2,123.57 3 6.80%