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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%