HeidelbergCement’s shaky BBB perfect to reopen corporate bonds

European corporate bond investors, lying in wait since the beginning of this year and deprived of anything juicier than GE Capital bonds, saw a rich prize coming this week and pounced, squeezing cash-hungry HeidelbergCement for an 85bp pick-up over credit default swaps and coupon protection against a downgrade.

  • 18 Jan 2008

Any suggestion that investors were not willing to play was dashed when 125 institutions joined a conference call on Thursday morning, held by lead managers Deutsche Bank and Royal Bank of Scotland when they announced the Eu1bn four year deal.

No matter that the market was going through a ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 70,623.36 316 6.10%
2 JPMorgan 70,280.95 323 6.07%
3 Barclays 57,428.20 205 4.96%
4 Citi 57,205.49 311 4.94%
5 Goldman Sachs 47,813.73 186 4.13%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2018
1 BNP Paribas 17,417.83 66 9.96%
2 SG Corporate & Investment Banking 12,387.36 56 7.09%
3 Deutsche Bank 11,505.98 50 6.58%
4 Goldman Sachs 10,070.57 26 5.76%
5 UniCredit 9,827.69 40 5.62%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,908.04 34 7.69%
2 JPMorgan 2,667.48 29 7.05%
3 Credit Suisse 2,342.19 23 6.19%
4 Goldman Sachs 2,130.55 21 5.63%
5 Deutsche Bank 1,993.88 21 5.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,583.04 101 9.96%
2 Citi 9,265.71 79 7.34%
3 Barclays 8,952.34 66 7.09%
4 Bank of America Merrill Lynch 8,939.78 84 7.08%
5 Goldman Sachs 8,019.67 66 6.35%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 18,280.44 50 6.78%
2 BNP Paribas 17,975.13 64 6.67%
3 HSBC 16,500.73 70 6.12%
4 Citi 16,305.77 59 6.05%
5 JPMorgan 14,710.95 48 5.46%