Latest high grade corporate bond news

  • Short proves not so sweet for GM and IMCD

    The auto finance arm of General Motors opted for shorter maturities to try to ensure the success of its first bond sale of 2018 on Monday. But the €1bn dual-tranche deal only received orders of €1.7bn and the lead managers were only able to tighten one of the tranches from initial price thoughts.

    • 19 Mar 2018
  • Social bond achieves much tighter print than green bond

    Two new SRI corporate bonds were priced on Monday, but with very different results. Iberdrola’s green hybrid bond failed to tighten from initial price thoughts, while Danone’s debut social bond had to pay just 2bp of premium.

    • 19 Mar 2018
  • Dollar borrowers wade through soup

    The going was heavy for dollar borrowers as investors demanded extra concessions amid poor performance as CVS Healthcare’s trade from the previous week appeared to re-price the market.

    • 15 Mar 2018
  • Ahold checks out again as it becomes a frequent issuer

    Dutch supermarket operator Ahold Delhaize is becoming a frequent issuer, as it sold a dual tranche deal this week, six months after its return to the market from a five year absence.

    • 15 Mar 2018
  • Issuers find conditions tougher as busiest week of year goes on

    Corporate bond issuers who sold their deals earlier the week found execution much easier than those who came later in the week. Strong order books and single digit new issue premiums gave way to premiums of as much as 20bp and one deal having to be downsized.

    • 15 Mar 2018
  • WPP dual-trancher taps short end demand

    UK media company WPP sold a dual tranche bond this week, following its own recent trend for issuing shorter tenors with its most recent euro issues.

    • 15 Mar 2018
  • Sanofi €8bn shows Europe is a market for jumbo deals

    Sanofi, the French pharmaceutical company, this week priced the largest European corporate bond deal of 2018 — an €8bn six-tranche deal. The company used only European banks as global co-ordinators for the sale, as the euro market proved that it is a viable market for jumbo financings.

    • 15 Mar 2018
  • Richemont turns on the style for €3.75bn corporate bond debut

    Swiss luxury goods company Richemont made its debut in the corporate bond market on Thursday with a jumbo triple tranche offering. And Goldman Sachs leapt in the league tables by solely running the €3.75bn deal.

    • 15 Mar 2018
  • Vonovia pays to put big dent in Buwog financing with €2.1bn bond

    Vonovia, the German housing company, issued €2.1bn of bonds on Thursday to finance its €5.2bn acquisition of Austrian peer Buwog, which was announced in December.

    • 15 Mar 2018
  • Gazprom looks to attract top accounts with regained IG status

    Gazprom opened books on an eight year euro transaction on Wednesday, having recently regained three investment grade ratings for the first time in several years.

    • 14 Mar 2018
  • Corporate bond investors see spreads widening as supply grows

    January and February, particularly the latter, were quiet months for corporate bond new issuance in Europe. However, March is lining up to be the busiest month of 2018 so far in both investment grade and high yield markets, and that is starting to worry investors.

    • 14 Mar 2018

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Capital markets data from GlobalCapital

Go to GlobalCapital's Corporate Bonds data pages for the latest information on priced deals, the new issue pipeline and bookrunner league tables across the investment grade and high yield markets.

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,334.64 145 6.77%
2 Bank of America Merrill Lynch 30,049.40 136 6.10%
3 Goldman Sachs 25,426.88 85 5.16%
4 Barclays 24,881.13 88 5.05%
5 Citi 23,763.07 147 4.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,195.75 34 9.13%
2 Goldman Sachs 7,325.18 14 8.16%
3 UniCredit 6,807.50 26 7.58%
4 Deutsche Bank 5,780.64 25 6.44%
5 SG Corporate & Investment Banking 5,661.54 23 6.31%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 1,279.02 13 7.78%
2 Goldman Sachs 1,015.60 10 6.18%
3 Credit Suisse 906.45 9 5.52%
4 Morgan Stanley 852.66 5 5.19%
5 JPMorgan 819.30 10 4.99%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,929.14 53 9.38%
2 Citi 5,893.21 47 7.97%
3 Credit Suisse 5,418.24 37 7.33%
4 Bank of America Merrill Lynch 5,149.20 45 6.97%
5 Barclays 4,954.23 33 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 7,711.71 17 7.01%
2 BNP Paribas 7,574.13 31 6.88%
3 Deutsche Bank 6,558.95 28 5.96%
4 HSBC 5,956.75 32 5.41%
5 JPMorgan 5,877.51 22 5.34%