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  • Pipeline prepares primary for post-pause pick-up

    Corporate bond syndicate managers have been surprised and disappointed that the pace of issuance evident at the start of the week has not continued, but the existence of a material pipeline for the first time this year is giving them some cause for optimism.

    • 11:15 AM
  • HY's hiatus breaks as Faurecia leads refis back

    Borrowers have broken the 10 day spell without a deal in the European high yield market, and are coming back with refinancing deals. Faurecia, the French car parts manufacturer, opened the new batch with a refinancing deal on Thursday.

    • 11:15 AM
  • Sterling investors prove to be no pushovers as issuance returns

    After four euro new issues in two days, the sterling market took its chance for a day in the spotlight as two issuers chose to bring new deals while euro borrowers remained on the sidelines. However, despite the recent lack of issuance, investors pushed back on spreads being tightened.

    • 21 Feb 2018
  • Moldova’s Trans-Oil opens with chunky 10% handle

    Moldova’s Trans-Oil opened books on the first ever Eurobond from the country on Wednesday, but the small size is likely to mean it flies under the radar of most investors.

    • 21 Feb 2018
  • French pair keeps triple-B run going with €1.1bn haul

    French issuers ALD and Mercialys continued the triple-B theme of the week in the investment grade corporate bond market when the pair announced new deals on Tuesday. These followed three BBB+ rated credits on Monday.

    • 20 Feb 2018
  • Temenos likely to borrow for £1.4bn swoop on Fidessa

    Temenos, the Swiss banking software company, is in advanced discussions about an all cash offer for Fidessa, the UK trading technology firm, for around £1.4bn, which is likely to involve some debt issuance.

    • 20 Feb 2018
  • Sprint to issue $1bn HY bond, clarifies ABS legal confusion

    Wireless carrier Sprint mandated banks for a new $1bn eight year high yield bond on Tuesday. The company also clarified that its outstanding spectrum-backed ABS bonds do not conflict with covenants on its existing high yield bonds, ahead of anticipated new slug of paper from the securitization shelf.

    • 20 Feb 2018
  • Astorg's SGG seeks debt to buy First Names as levloans swell

    SGG Group, the corporate and investor services firm based in Luxembourg and owned by Astorg, will fund its acquisition of UK peer First Names in the leveraged loan market, which has already enjoyed its busiest January ever in EMEA.

    • 20 Feb 2018
  • Corporate bonds back with a bang and a bit more premium

    For the first day this year since January 10, investors had a choice of three benchmark new issues in the investment grade corporate bond market. All three issuers were BBB+ rated, but the variety of tenors and spreads meant none of the deals were directly competing. However, new issue premiums have increased after the recent bout of volatility.

    • 19 Feb 2018
  • Icade lines up four in a row beyond Olympics

    French property company Icade saw the announcement that the 2024 Olympic Games will be held in Paris as a positive for its portfolio in the French capital. On Monday it sold its fourth corporate bond in two years, creating a steady redemption profile beyond the date of the Games.

    • 19 Feb 2018
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  • Bulge bracket banks face up to boutique brain drain

    Independents are thriving and, with no constraints on pay, they will continue to tempt the very best bankers away from big firms in 2018. But not all boutiques are created equal, says David Rothnie.

    • 08 Feb 2018

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 13,964.32 85 5.31%
2 JPMorgan 13,943.16 75 5.30%
3 Bank of America Merrill Lynch 13,806.99 77 5.25%
4 Deutsche Bank 12,022.71 57 4.57%
5 BNP Paribas 10,928.16 50 4.15%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,027.03 18 8.98%
2 Deutsche Bank 4,039.27 17 7.22%
3 JPMorgan 2,863.44 11 5.11%
4 SG Corporate & Investment Banking 2,734.66 13 4.88%
5 HSBC 2,657.71 16 4.75%

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 13,964.32 85 5.31%
2 JPMorgan 13,943.16 75 5.30%
3 Bank of America Merrill Lynch 13,806.99 77 5.25%
4 Deutsche Bank 12,022.71 57 4.57%
5 BNP Paribas 10,928.16 50 4.15%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,332.16 20 11.67%
2 Deutsche Bank 4,298.25 18 9.41%
3 UniCredit 3,009.41 12 6.59%
4 Bank of America Merrill Lynch 2,869.21 10 6.28%
5 SG Corporate & Investment Banking 2,511.85 12 5.50%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 807.11 8 8.36%
2 Morgan Stanley 732.63 4 7.59%
3 Goldman Sachs 657.29 6 6.81%
4 Credit Suisse 577.70 7 5.99%
5 JPMorgan 572.76 6 5.93%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,599.75 33 9.08%
2 Citi 4,085.51 32 8.06%
3 Credit Suisse 3,662.10 25 7.23%
4 Wells Fargo Securities 3,248.55 24 6.41%
5 Bank of America Merrill Lynch 2,721.10 26 5.37%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,027.03 18 8.98%
2 Deutsche Bank 4,039.27 17 7.22%
3 JPMorgan 2,863.44 11 5.11%
4 SG Corporate & Investment Banking 2,734.66 13 4.88%
5 HSBC 2,657.71 16 4.75%