High hopes for high yield as hiring war begins

The sure sign of a bright future for a particular market is when banks begin hiring heavily — and that’s exactly what has been happening in high yield, as competition between bookrunners heats up.

  • 20 Jul 2010

Since the end of 2009, analysts and bankers have been predicting that this year could well turn out to be a record one for Europe’s revived high yield market.

The recent flood of new issues, which have brought volumes to about Eu25bn so far in 2010, have more ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%