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Red faces at Goldman as lawyers slip up over Telecom Italia bond

Even as the European corporate bond market scaled new heights and set a new record for the amount of monthly issuance, a Telecom Italia issue launched on Thursday last week (January 15) plumbed the depths of embarrassment for lead manager Goldman Sachs.

  • 23 Jan 2009
A legal oversight meant that some of the Eu500m five year paper had to be bought back the day after launch as Goldman did not realise that there were restrictions on the possible distribution, EuroWeek understands. The paper was available in Eu50,000 plus Eu1,000 denominations and this meant ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 92,384.85 456 5.80%
2 Citi 84,450.96 433 5.30%
3 Bank of America Merrill Lynch 81,574.39 418 5.12%
4 Barclays 72,658.86 310 4.56%
5 Goldman Sachs 60,467.58 295 3.80%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Barclays 20,742.43 55 8.42%
2 BNP Paribas 16,618.78 95 6.74%
3 SG Corporate & Investment Banking 15,444.68 68 6.27%
4 Deutsche Bank 15,425.41 75 6.26%
5 Bank of America Merrill Lynch 14,210.20 46 5.77%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 4,728.01 24 9.17%
2 JPMorgan 3,649.83 29 7.08%
3 Deutsche Bank 3,638.27 22 7.05%
4 Barclays 3,441.80 22 6.67%
5 Goldman Sachs 3,389.62 26 6.57%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 18,847.11 143 9.43%
2 JPMorgan 18,279.02 147 9.15%
3 Goldman Sachs 14,831.56 109 7.42%
4 Bank of America Merrill Lynch 14,255.85 117 7.13%
5 Morgan Stanley 12,912.93 86 6.46%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 16,729.40 94 5.69%
2 SG Corporate & Investment Banking 15,447.25 71 5.26%
3 Barclays 15,378.47 64 5.23%
4 JPMorgan 15,198.08 67 5.17%
5 Citi 14,790.34 69 5.03%